Clinton Campaign Tax Calculator Shows What You’d Pay If You Were Donald Trump
The Clinton campaign has unveiled a new feature on their website: a calculator that lets you figure out how much money Donald Trump, and you as well, can pay in federal income taxes.
The Hill reports:
A new tax calculator by the Hillary Clinton campaign shows users how much they would pay in federal income taxes if they were Donald Trump.
Users are asked to enter the annual income, but regardless of what they enter, the result will be $0.
“Donald Trump says it’s because he’s smart. The New York Times says it’s because he lost almost a billion dollars,” the website reads.
“Either way, Donald Trump may have avoided paying federal income taxes for 18 years after losing $916 million in 1995. And Trump really did pay zero, or nearly zero, in federal income taxes in 1978, 1979, 1984, 1991, and 1993. Until we see evidence otherwise, we’ll assume it’s still zero.”
The New York Times reported Saturday that a $916 million loss Trump reported on his 1995 income tax returns could have allowed him to legally avoid paying any federal income tax for up to 18 years.
The Times obtained fragments of Trump’s 1995 tax records, not previously released, that show Trump reported a federal adjusted gross income loss of $915.7 million in the wake of financial struggles at three Atlantic City casinos, his airline business and purchase of Manhattan’s Plaza Hotel.
Trump has not released his tax returns, so it’s still unclear if he paid federal income tax in subsequent years.
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