Trump admits benefiting from 'unfair' tax laws

Washington, Oct 4: Republican presidential nominee Dold Trump has admitted greatly benefiting from “unfair” US tax laws, saying that he used them “brilliantly” to his advantage, but promising to change them if he becomes the President. “The unfairness of the tax laws is unbelievable, it’s something I’ve been talking about for a long time, despite frankly being a big beneficiary of the laws,” Efe news quoted Trump as saying on Monday.

“I’m working for you now, I’m not working for Trump,” he said — a statement that brought cheers from the crowd at a campaign rally in Pueblo, Colorado. According to the billioire, because of his past experience with using the tax laws to his benefit, he understands the complex system better than anybody else and is the only person who can “fix” it, promising to do exactly that, although not specifying exactly what he would do in that regard.

In his first remarks after revelations about his tax history were published by The New York Times on Saturday, the magte said that he had “brilliantly” used the US tax laws to legally pay as little in federal taxes as possible.

“As a businessman and real estate developer, I have legally used the tax laws to my benefit, and to the benefit of my company and my employees,” Trump said.

Trump waited two days to speak about the report, in which the paper said on Saturday that the mogul may have legally avoided paying federal taxes for 18 years thanks to declaring a huge business loss of $915.7 million in 1995. (IANS)