Donald Trump reportedly used a tax-avoidance method his own lawyers advised against
Donald Trump avoided paying tens of millions of dollars in personal income taxes during the 1990s using a tax avoidance move his own lawyers argued the IRS would find to be improper, according to documents obtained by The New York Times. "Whatever loophole existed was not 'exploited' here, but stretched beyond any recognition," said Steven M. Rosenthal, a senior fellow at the nonpartisan Tax Policy Center. The maneuver, later outlawed by Congress, allowed Trump to avoid reporting hundreds of millions of dollars of income at a time when he was struggling with financial problems. Trump declined to comment for the Times article.
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