Trump: 'Of Course' I Used Massive Loss to Avoid Paying Federal Income Tax

Leah Barkoukis
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Posted: Oct 09, 2016 10:25 PM
Trump: 'Of Course' I Used Massive Loss to Avoid Paying Federal Income Tax

In a question posed to Donald Trump about whether he used his nearly $1 billion loss to avoid paying taxes, Trump acknowledged that he did.

“Of course I do, of course I do,” said Trump, adding that Hillary Clinton’s donors take “massive” tax writeoffs as well. 

This was the first time he confirmed that he used the $916 million loss to write off federal income taxes since The New York Times published the story about the loss earlier this month.

“She complains that Donald Trump took advantage of the tax code, well why didn’t you change it?” he said. “The reason you didn’t is because your friends take the same advantages that I do.”

Clinton dismissed the attacks directed at her.

“Everything you’ve heard from Donald is not true. I’m sorry I have to keep saying this, but he lives in an alternate reality,” she said. “Donald always takes care of Donald and people like Donald.”