, Columnist
Trump's 1995 Return Shows Good Tax Policy at Work
Carrying forward a net operating loss is not an obscure tax move. It's how small businesses pay their fair share, without being wiped out by a one-time bill.
Trump's not the only one trying to save a buck or two.
Photographer: Tim Boyle/Getty ImagesThe big news this weekend was the leak of Donald Trump’s 1995 tax returns to the New York Times. The returns showed that in that year, Trump claimed $916 million worth of business losses; those losses, said the Times, “could have allowed him to legally avoid paying any federal income taxes for up to 18 years.”
Liberal social media dissolved into an ecstatic puddle; conservative social media, at least the part that is supporting Trump, angrily denounced the Times for publishing this tripe.