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Column: The tax rules that let real estate moguls like Trump pay no federal income tax

Donald Trump may have paid no federal income tax for nearly two decades, writes Steve Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center. Photo by Jeff Swensen/Getty Images Yesterday, the New York Times reported Donald Trump may have paid no federal income tax for nearly two decades. Leaked excerpts of Trump’s 1995 tax returns showed huge losses that the real estate mogul could have used to offset other income and zero out his income tax liability for many years.
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