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Trump1 Tax History in Spotlight2 Once Again
The campaigns of Hillary Clinton and Donald Trump traded fierce accusations3 after The New York Times newspaper published what appears to be a portion of the Republican nominee4’s 1995 federal tax returns.
Sent anonymously5 to The Times, the documents show Trump declared a $916 million loss in 1995, allowing the real estate mogul to pay no tax on income in subsequent years totaling the same amount.
The revelation came days after Clinton, a Democrat6, repeatedly assailed7 Trump’s financial dealings and his refusal to release his tax returns at Monday’s presidential debate.
“In one year, Donald Trump lost nearly a billion dollars. A billion,” Clinton’s campaign said in a statement late Saturday. “He apparently8 got to avoid paying taxes for nearly two decades – while tens of millions of working families paid theirs.”
"The only news here is that the more than 20-year-old alleged9 tax document was illegally obtained, a further demonstration10 that the New York Times, like establishment media in general, is an extension of the Clinton Campaign,” the Trump campaign said in a statement.
"Mr. Trump is a highly-skilled businessman who has a fiduciary11 responsibility to his business, his family and his employees to pay no more tax than legally required. That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise12 taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes,” the statement added.
Trump surrogates took to the airwaves Sunday to defend the nominee.
“This man, 26 years ago, had some failures and then he built an empire,” said former New York mayor Rudy Giuliani on ABC’s This Week program. “He was a genius in being able to do that. America needs a turnaround right now, and Donald Trump is a turnaround artist.”
“If everybody in this country was a genius, like Mr. Trump is and not pay any taxes, we would not have a country,” said Vermont Senator Bernie Sanders, who challenged Clinton for the Democratic nomination13, also on ABC. “Secretary Clinton and I believe that the wealthiest people in this country should start paying their fair share [of taxes].”
The Times said the Trump tax records expose "the extraordinary tax benefits" he acquired from "the financial wreckage14 he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza15 Hotel in Manhattan." The Times says the documents were mailed to a reporter at the newspaper from a New York address, and consisted of three pages.
Nothing in the documents sent to The Times shows illegal behavior by Trump. All Americans can offset16 taxable gains with financial losses. But in a political cycle where income inequality and transparency have been major issues, Trump’s tax history – what is known and unknown – is giving Democrats17 ample ammunition18 as the election draws closer.
1 trump | |
n.王牌,法宝;v.打出王牌,吹喇叭 | |
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2 spotlight | |
n.公众注意的中心,聚光灯,探照灯,视听,注意,醒目 | |
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3 accusations | |
n.指责( accusation的名词复数 );指控;控告;(被告发、控告的)罪名 | |
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4 nominee | |
n.被提名者;被任命者;被推荐者 | |
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5 anonymously | |
ad.用匿名的方式 | |
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6 democrat | |
n.民主主义者,民主人士;民主党党员 | |
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7 assailed | |
v.攻击( assail的过去式和过去分词 );困扰;质问;毅然应对 | |
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8 apparently | |
adv.显然地;表面上,似乎 | |
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9 alleged | |
a.被指控的,嫌疑的 | |
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10 demonstration | |
n.表明,示范,论证,示威 | |
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11 fiduciary | |
adj.受托的,信托的 | |
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12 excise | |
n.(国产)货物税;vt.切除,删去 | |
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13 nomination | |
n.提名,任命,提名权 | |
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14 wreckage | |
n.(失事飞机等的)残骸,破坏,毁坏 | |
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15 plaza | |
n.广场,市场 | |
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16 offset | |
n.分支,补偿;v.抵消,补偿 | |
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17 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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18 ammunition | |
n.军火,弹药 | |
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