By former Assemblyman Steven Sanders
There is a famous saying that the only things which are inevitable is death and taxes. Last week Donald Trump proved that adage false!
The New York Times has reported that according to documents filed in New York State and Connecticut back in the 1990s, Donald Trump suffered business loses of almost $1 billion in 1995 and paid no federal taxes that year and probably none for the succeeding 18 years. Yes… Mr. Trump despite having assets of over $10 billion (according to statements made by Trump himself) probably paid zero in federal taxes since the days when Bill Clinton was president and Derek Jeter was a rookie. That is a very long time.
Trump’s defense was that he did not have to pay because he was able to amortize his losses over a nearly a two-decade period, so he chose not to contribute anything to the national treasury. Moreover he asserts that it was his “duty” as the CEO of Trump industries to pay Uncle Sam as little as he could get away with. In this case zilch. So clearly his first responsibility was to enrich himself and his company by any means available to him. Is that unpatriotic or self-indulgent to the extreme? The voters will have the last word on that.