After hounding Donald Trump about his taxes for a year to no avail, liberals are hoping they’ve finally found the silver bullet that will sink the Republican nominee on this issue. The New York Times reports a his 1995 tax return shows a $916 million loss for that year. According to tax experts, this may mean Trump was able to use that loss to cancel out taxable income for up to 18 years. If true, it could mean that the Democrats’ accusations that the billionaire won’t release his returns because they show he hasn’t paid any taxes.
This is as close to a “Eureka” moment as we are likely to get when it comes to exposing Trump as a rich man who pays no taxes. But his opponents are probably exaggerating the effect this will have on the election. As Trump has already proved, Americans resent the rich a lot less than many pundits always assumed they did.
