–A blockbuster report from the New York Times looking at Donald Trump’s taxes from 1985-1994 exposes that Trump lost more than $1 billion over that 10 year period
03:32years those are flat-out lies and infact a lawyer for Donald Trump put out astatement saying that what the New YorkTimes is claiming about Trump is quotedemonstrably false but when that lawyer
was asked well what’s an example of
something that’s demonstrably false ifit’s demonstrably false demonstrate thatit’s false and Trump’s lawyer was unable
to actually cite a single specific claim
that is demonstrably false so what we’ve..03:55that is demonstrably false so what we’velearned here is that Donald Trump’s taxavoidance during these specific yearswas not this enlightened proactive taxstrategy it was indicative of an
unstable and poorly run business that
was losing actual money period04:56income tax this morning Trump clearlyrattled by this put out a tweet actuallya to tweet word salad which read quotereal estate developers in the 1980s and1990s more than 30 years ago wereentitled to massive write-offs anddepreciation which would if one wasactively building show losses and taxlosses in almost all cases much wasnon-monetary sometimes considered taxshelter you would get it by building oreven buying you always wanted to showlosses for tax purposes almost all realestate developers did and oftenrenegotiate with banks it was sportadditionally the very old informationput out is a highly inaccurate fake newshit job. Almost everything he said inthere was not true. The sort of commonnature of what was revealed in Trump’stax filings is not actually common. Theidea that Donald Trump’s losses wereonly on paper losses for the reasonshe’s citing is not true. I mean none ofthis is true. It’s certainly not fakenews and it’s actually been confirmed bylooking at the tax filings of his dadFred Trump at the time they wereinvolved in a lot of the same projectsfinancially and everything absolutelymatches up.