Donald Trump has refused to release his tax returns so far, and a new report from the New York Times is offering a possible reason why. The Times hired experts to analyze Trump's tax returns from 1995. Trump declared a $916 million dollar loss that year. His taxable income in subsequent years is not known.
But, the Times says the tax deduction is so big that it could have allowed Trump to legally avoid paying federal income taxes for 18 years. Trump's campaign says the documents were obtained illegally and accused the Times of working to benefit Clinton.
Trump himself has responded, too. Early Sunday, he tweeted, "I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them." He also called the Times a "failing" newspaper.
Former New York Mayor Rudy Giuliani backed Trump up, calling him a "genius" for taking advantage of lawful tax deductions. Giuliani explained, "The reality is this is part of our tax code. The man is a genius. He knows how to operate the tax code for the benefit of the people he's serving."
Former Presidential Candidate and current Senator Bernie Sanders had a different view, expressing why so many Americans find this situation frustrating. Sanders said, "So Trump goes around and says, 'I'm worth billions. I'm a successful businessman but I don't pay any taxes. But you, you make 15 bucks an hour, you pay the taxes not me.' That is why people are angry and want real change in this country."
Sanders was scheduled to campaign for Clinton in Davenport, but that event has now been canceled. The Clinton campaign now says Sanders can't make it due to a scheduling change.