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No, Donald Trump isn't a genius for losing almost $1 billion in a year

To the editor: The latest revelations about Donald Trump show that 1995 was a catastrophic year for him, as he lost close to $1 billion. That would have allowed him to use the Net Operating Loss provision in federal tax code to reduce or eliminate his income tax payments for the following 18 years,...
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'Get off your high horse about this tax thing': Morning Joe host slams Clinton response to Trump tax records

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The "Morning Joe" panel appeared to agree that Hillary Clinton is better off not discussing the fact that Donald Trump sustained a loss of over $900 million in 1995, allowing him to potentially avoid paying income taxes for 18 years...

MEGAN MCARDLE: Trump’s 1995 Return Shows Good Tax Policy at Work. Why did people see scandalous t…

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MEGAN MCARDLE: Trump’s 1995 Return Shows Good Tax Policy at Work. Why did people see scandalous tax avoidance in this case? At issue is the “net operating loss,” an accounting term that means basically what it sounds like: When you ...

Megan McArdle produces exactly the article I was looking for.

US Politics / Conservative : Althouse

Thanks for writing "Trump's 1995 Return Shows Good Tax Policy at Work"!At issue is the “net operating loss”.... When you net out your expenses against the money you took in, it turns out that you lost a bunch of money. However, in t...

Colbert Admits That Trump Is a Genius Since It Takes a Genius to Lose Nearly a Billion Dollars in a Year

Entertainment / Pop Culture : Slate: Brow Beat

Hours after the New York Times published a late-night bombshell report on Donald Trump’s 1995 tax filings—in which the presidential candidate claimed a $916 million loss—the campaign was in full damage-control mode. But their line o...

Colbert Destroys Trump on Taxes: 'Only a Genius Can Lose $1 Billion Running a Casino'

News / Independent News : AlterNet

Click here for reuse options! The "Late Show" host laid it on thick. Donald Trump claims he knows the tax code "better than anyone." And, upon the release of a portion of his 1995 tax returns, his surrogates are standing by that cla...

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