Donald Trump's longtime accountant disputes Trump's 'brilliant' grasp of the tax code
Donald Trump's most recent response to the publication in The New York Times of 1995 personal state tax returns showing him reporting a $916 million loss — meaning he could have avoided paying federal income tax for 18 years — is that he "brilliantly" used the tax system to his advantage. "I understand the tax laws better than almost anyone, which is why I am one who can truly fix them,” Trump said Monday in Pueblo, Colorado. "I understand it. I get it." His former accountant, Jack Mitnick, says that's not true, or wasn't when he prepared Trump's taxes from the 1960s to 1996.
Mitnick has been making the rounds, and he told both The New York Times and NBC News that Fred Trump, Trump's dad, was interested in the details of tax policy but Donald Trump was not, and the only questions asked when Donald and his first wife, Ivana, came in to sign their returns were asked by Ivana. When Inside Edition asked Mitnick if he thought Trump was "brilliant" in his use of the tax system in 1996, Mitnick laughed: "No, I did all the tax preparation. He never saw the product until it was presented to him for signature." He wouldn't speculate who would have leaked the returns, saying only that all the copies were turned over to Trump, and he wouldn't say who he is voting for in November, saying only, "That's confidential." Peter Weber
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Inside the house of Assad
The Explainer Bashar al-Assad and his father, Hafez, ruled Syria for more than half a century but how did one family achieve and maintain power?
By The Week UK Published
-
Sudoku medium: December 22, 2024
The Week's daily medium sudoku puzzle
By The Week Staff Published
-
Crossword: December 22, 2024
The Week's daily crossword
By The Week Staff Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published