Live
- G20 Leaders Will Talk About Climate, Taxes, and Trump's Return in Brazil
- COP29: CDRI announces $8 million funding for 12 projects to address climate crisis
- Anti-Telgu remarks: Actor Kasthuri Shankar moves court for bail
- Samsung AR Smart Glasses Set to Launch in 2025, Featuring Ray-Ban Meta-Like Design
- Kerala Industries Minister confident that new policy will boost plantation sector
- Madras HC plans inter-departmental monitoring committee to combat drug use in TN
- Bihar: Spotted deer dies due to heart attack in Banka district
- Mushtaq Ali T20: Shami to spearhead Bengal bowling attack, Gharami named captain
- Kharge's clarion call to oust Maharashtra's BJP-backed MahaYuti
- Why Ukraine’s Use of US Missiles Against Russia Could Lead to World War 3
Trump defends himself, says he "brilliantly used" US tax laws
Unfazed by reports that he might have avoided paying income tax for up to 18 years, Republican presidential nominee Donald Trump has acknowledged that he brilliantly used tax laws to pay as little tax as legally possible.
​Washington: Unfazed by reports that he might have avoided paying income tax for up to 18 years, Republican presidential nominee Donald Trump has acknowledged that he "brilliantly used" tax laws to pay as little tax as legally possible.
"As a businessman and real estate developer, I have legally used the tax laws to my benefit, and to the benefit of my company and my employees. I have often said on the campaign trail, that I have a fiduciary responsibility to pay no more tax than legally required ? or, put another way, to pay as little tax as legally possible," Trump said at an election rally in Colorado.
At a series of public meetings, Trump appeared to be unperturbed by the latest revelation that he might not have had paid income taxes for as many as 18 years.
"I mean, honestly, I have brilliantly -- I have brilliantly used the laws and often said on the campaign trail that I have a fiduciary responsibility to pay no more tax than is legally required like anybody else. Or, put another way, to pay as little tax as legally possible. And I must tell you, I hate the way they spend our tax dollars," Trump said.
As a major real estate developer in this country, and throughout the world, Trump said he face enormous taxes: city taxes, state taxes, sales and excise taxes, employee taxes, and federal taxes.
"Its my job to minimise the overall tax burden to the greatest extent possible ? which allows me to reinvest in neighborhoods, workers, and build amazing properties which fuel tremendous growth in their communities ? and always help our great providers of jobs, the small business," he argued.
Trump remarks came after the publication of a news article, according to which in 1995 Trump declared a loss of nearly a USD 1 billion.
As a result of which the New York Times said Trump might not have had paid income tax for 18 years. The Trump campaign has not disputed the authenticity of the report. Trump said his loss came as a result of an economic recession in 1990s.
"The conditions facing real estate developers in the early nineties were almost as bad as the Great Depression of 1929 and far worse than the Great Recession of 2008," he said.
