Update: On Saturday The New York Times published records it obtained from Donald Trump’s 1995 tax filings. The Times suggested that a massive loss Trump claimed that year could allow him to avoid paying federal income taxes for nearly two decades. Trump’s lawyer, Marc Kasowitz, threatened the Times with litigation over the report, the paper said.
Four months ago, I wrote that Donald Trump’s excuses for refusing to release his tax returns were silly. He said he was “under audit,” but his campaign had released a letter from his lawyers at Morgan, Lewis & Bockius confirming that the IRS had closed its examination for years prior to 2008 “without assessment or payment, on a net basis, of any deficiency.”
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