"Donald Trump on Monday night explained away the steep losses documented on what appear to be pages of his tax returns released by the New York Times over the weekend — which may have helped him avoid taxes for two decades — as evidence of his "talent," "skill, dedication and sheer grit."

But tax experts, and the real-estate mogul's documented experience, suggest otherwise.

The nearly $916 million in losses listed on the pages from a trio of 1995 filings published by the New York Times — which Trump referred to at a campaign stop in Colorado as "alleged," but didn't deny their legitimacy in an initial statement on the documents — marks his "net operating loss" or NOL, the sum of the losses Trump's business entities, including limited liability companies, corporations and other partnerships. NOL can be used to cancel out an individual's income tax for a given year, and can be carried over from year to year.

"As a businessman and real estate developer, I have legally used the tax laws to my benefit, and to the benefit of my company, my investors, and my employees. I mean, honestly, I have brilliantly, I have brilliantly used those laws," he said in Pueblo, Colo. on Monday night.

Tax experts, however, say his potential use of the NOL loophole doesn't indicate "genius" — it's what any business owner would do.

"There's nothing morally wrong or unethical" about using NOL to offset taxes, said Dan Shaviro, a tax law professor at NYU who worked on tax reform as a Congressional aide. "But you don't have to be a genius — you could be a chimp."

While "it's perfectly normal" to use NOLs to offset a business owner's taxes, Shaviro said, a loss of more than $900 million is "unusual."

"It doesn't speak well of his business sense that he had that type of [net operating loss]. It makes him look like a fool or an incompetent in his planning," he said.



Trump a '''Brilliant''' Businessman? Tax Experts Say Otherwise - NBC News




But they are mean people saying this, and what do they know.

And the media lies about Mr Trump...constantly, UNLESS they something good

Probably the same folks that attempted to convince America that Hillary has committed no crimes and that Benghazi was caused by a home video. I'm sure they believe that Bill Clinton is still a virgin also.
But, if you are a liberal I am sure you will believe it.

Amazing response to a post on tax.

Noticed that your words, awful close to exact words, are pretty much the posted response to anything negative on Trump.

You guys must have had a meeting to insure the depth and breath of your message is always the same thing.

Got this exact response on gun control, economic policy, tax proposals.....must be the entire core of the message.

And your point? Tell you what, you post something that has some sort of meaning toward this farce of an election and I will get back to you. Trump submitted legal tax paperwork. Trump is wealthy. Trump does not talk like other phony politicians. Trump exaggerates. Politicians don't? Hillary doesn't when she says Trump is going to do this to you and he believe this or that? Get over it.
Until Hillary goes to jail for her crimes, I will continue to dump on her and defend Trump on trivial issues that mean nothing. If you are so dense that you are conned by another Clinton then don't cry to me about the way I submit my comments. No one is forcing you to reply to my comment. But, on the other hand get ready for the big storm and keep your head down. It may get rough in the next few days. I'm talking about the weather, not politics. So, have a great day.