Trump ran up nearly a billion dollars in red ink from spectacular real estate failures — this is the guy who’s running for President because he’s supposedly a great businessman — enough to shield him from paying taxes for 18 years.
My favorite part of the story is where the Times finds Trump’s accountant from the 90s, Jack Mitnick, who’s now 80 years old and verifies the record.
“This is legit,” he said, stabbing a finger into the document….
[Mitnick] contrasted Fred Trump’s attention to detail with what he described as Mr. Trump’s brash and undisciplined style. He recalled, for example, that when Donald and Ivana Trump came in each year to sign their tax forms, it was almost always Ivana who asked more questions….
Mr. Mitnick … said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.
“Here the guy was building incredible net worth and not paying tax on it,” he said.
David Barstow, Susanne Craig, Russ Buettner and Megan Twohey report for the New York Times in an admirable feat of old-fashioned investigative journalism.