(FOX NEWS) Donald Trump dismissed a published copy of an IRS filing that showed he used the U.S. tax code to take a nearly $1 billion operating loss in 1995, saying Monday the news media is “obsessed” with a decades’ old return and that he, in fact, “brilliantly used the law” to salvage his real estate empire.
Trump made his comments two days after The New York Times published a story about the nearly $1 billion loss that also stated that as a result, he might not have had to pay federal taxes for 18 years.
“From the depths of that terrible real estate depression, I created a company worth billions and billions of dollars and created tens of thousands of jobs,” Trump, the Republican presidential nominee, said at a campaign stop in battleground state Colorado. “Everybody said I was done. I knew how to use the tax code while others didn’t.”
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