After a bombshell New York Times investigative report on Tuesday revealed that as a businessman between 1985 and 1994,Donald Trump reported massive commerce losses totaling almost $1.2 billion, Trump took to Twitter on Wednesday morning to defend taking those write-offs on his tax returns. But in a pair of tweets, or he may own admitted to committing tax fraud,experts say.
In one Twitter post, Trump described taking the “massive write offs and depreciation” in order to get out of paying taxes as “sport.”“You always wanted to demonstrate losses for tax purposes….almost all genuine estate developers did – and often re-negotiate with banks, and it was sport,” Trump wrote on Twitter.
Click here to continue and read more...
Source: inquisitr.com