By Sam Brunson
The New York Times reported tonight that in 1995, Republican presidential candidate Donald Trump may have claimed a $916 loss, a loss substantial enough that it could have allowed him to avoid paying taxes for nearly two decades.
The push notification for the story showed up on my phone at 8:30 pm Central time on a Saturday, so I haven’t had time to really dig into it. I’m sure that, over the next few days, we’ll have something more substantive to say. But in the meantime, a couple thoughts:
- The story of how the Times got these returns is a pretty crazy story in and of itself. A Times reporter received an envelope postmarked from New York, with a return address at Trump Tower.
- Mr. Trump refused to confirm or deny the $916 million loss. Also, not surprisingly, his attorney threatened to sue, arguing (frivolously?) that the publication of his returns is illegal since Trump hasn’t authorized their disclosure.
- The Times never received a federal return. Rather, the anonymous envelope had the first page of a New York, a Connecticut, and a New Jersey return. So, while they provide a certain amount of information, even if they are authentic (and it looks like they are), they provide a limited amount of information.
Anyway, this is huge news, and I’m sure we’ll have more to say about it going forward.