The biggest development in the past week for the continuing calamity called the Trump campaign was publication by the
New York Times of three pages from his state tax return for 1995. They showed a net operating loss of $916 million which may have allowed him to avoid paying any federal income tax for eighteen years.
This was a legendary October Surprise that some pundits believe will put the final nails in his campaign's coffin. Let's hope they're right.
While Trump may have been within the law in his tax filing, the bombshell revelation nonetheless raises a number of troubling questions.
First, before the story broke, Trump had repeatedly criticized lower income people who pay no federal income tax. Now it turns out he's no different, and he's a demagogue and a hypocrite for having condemned the economically unfortunate for what he himself has done.
Second, ordinary Americans who do pay taxes have a low opinion of wealthy people who wiggle out of tax responsibility because of generous loopholes reserved only for the most affluent. Indeed, a poll released earlier this week showed that 61 percent of Americans say it's unpatriotic for a presidential candidate to pay no taxes and 67 percent said it was selfish.
Third, Trump has repeatedly said his tax avoidance history means he's the most qualified to lower taxes for everyone. (Set aside for a moment the fact both his accountant and lawyer have said in public statements he's not particularly knowledgeable about tax law and simply signed returns they prepared for him.)
This claim of expertise hides the blatant lie he has no interest in lowering your taxes. Not only has he released proposals to lower tax rates for the wealthy and also allow much more generous loopholes for property developers like himself, his plans would significantly
increase taxes paid by millions of middle class Americans.
Fourth, his proposals aside, if Trump says that his tax paying prowess makes him particularly qualified to be President, then why is he refusing to provide proof of that claim by releasing his tax returns to the public? That's like saying you have terrific letters of reference and then refusing to show the documents.
If tax avoidance is "smart," as he claims, then why is he still hiding his tax returns? How can he pretend this is a fabulous qualification at the same time that he's hiding as much as he can about his tax history?
I'm certainly not alone in accusing Trump of being a mendacious fraud. His endless refusal to release his returns is the most glaring proof of this. He's trying to pull one over on the American public, and now that his pants are down thanks to the
New York Times, he's feebly trying to turn this into proof he's some expert. Thankfully more and more people are seeing that he's a charlatan and a huckster.
You can expect his opponent will pummel him about his taxes in the two remaining debates and will also blast him with negative ads, as well she should. He is dishonest and deceitful, and this brief glimpse into his tax history has made his deficiencies all the more obvious.