"Art of the Steal: This Is How Trump Lost $916M And Avoided Tax," David Cay Johnston, WaPo

Art of the Steal: This is How Trump Lost $916M and Avoided Tax

This is how Donald Trump’s accountants and lawyers most likely used the tax code to avoid paying income tax for almost two decades.
David Cay Johnston

http://www.thedailybeast.com/articles/2016/10/03/art-of-the-steal-this-is-how-trump-lost-916m-and-avoided-tax.html?google_editors_picks=true

Excerpt: "In the first debate with Hillary Clinton, Trump did not dispute her statement that he pays no income taxes. Instead he said it shows he is smart. That may be, but it also suggests the rest of us are chumps for paying our taxes while Trump enjoys all the benefits of the United States government—little things like individual liberty, the FBI, and a military to protect us—while bearing none of the burden. If we all did as Trump does, we would, to quote a line Trump employs often, not have our country anymore."

Excerpt: "Last May, Trump revealed that he took on debt with no intention of paying it all back, which strikes me as fraud. “I’ve borrowed knowing you can pay back with discounts,” he told CNBC in May, boasting “I’ve done well with debt.” Back then Trump threatened endless litigation unless 70 banks he owed money gave him millions more in new loans at low interest rates and provided him with $5.4 million a year for personal spending, the equivalent of $10 million in today’s money. Back then, one billionaire told The New York Times he didn’t know how to spend that much on himself and his family. What made the litigation threat credible was Trump’s refusal to pay more than 150 illegal immigrantswho demolished the Bonwit Teller department store to make way for Trump Tower. A federal judge ruled that Trump conspired to cheat the workers, who never did collect all of their $4-an-hour wages despite an 18-year struggle. The bankers realized that a man who would endure almost two decades of litigation to avoid paying such meager wages might tie them up for eternity over the billions of dollars owed to them. When the New Jersey Casino Control Commission took Trump’s side against his bankers, they gave in. The banks canceled close to a billion dollars of Trump’s debts and extended new loans on favorable terms."

"The Most Shocking Part Of Trump's Tax Records Isn't His Billion Dollar Loss." Alan Sloan, WAPO

http://paxonbothhouses.blogspot.com/2016/10/the-most-shocking-part-of-trumps-tax.html

PBS: "Why Seeing Trump's Tax Returns Really Matters"

http://paxonbothhouses.blogspot.com/2016/10/pbs-why-seeing-trumps-tax-returns.html

"Taxes Are The Price We Pay For Civilization": Trump Doesn't Pay Any... And Is Proud Of It

http://paxonbothhouses.blogspot.com/2016/10/taxes-are-price-we-pay-for-civilization.html

Comparing Hillary Clinton And Donald Trump As Taxpayers And Charitable Givers

http://paxonbothhouses.blogspot.com/2016/10/comparing-hillary-and-donald-as.html

Let's Suppose Trump Is A Brilliant Businessman By Not Paying Any Taxes...

http://paxonbothhouses.blogspot.com/2016/10/lets-suppose-trump-is-brilliant.html

This Two And A Half Minute Video Is Your Best Single Shot At Changing Trump Supporters' Minds

http://paxonbothhouses.blogspot.com/2016/09/this-two-and-half-minute-video-is-your.html