Sunday night at the debate, Anderson Cooper asked Donald Trump if he used his $916 million reported loss from his 1995 tax return to avoid income taxes in other years, Trump shot back that he did — but so did the fourth richest man in the world and Hillary Clinton supporter Warren Buffett, who Clinton had minutes earlier praised for his advocacy of higher taxes on the rich.
Cooper asked, “You have not answered, though, a simple question. Did you use that $916 million loss to avoid paying personal federal income taxes for years?”
Trump responded, “Of course I do. Of course I do. … I absolutely used it. And so did Warren Buffett and so did George Soros and so did many of the other people that Hillary is getting money from.”
Well guess what?
On Monday Buffett released a statement saying, in effect, bullshit. He has never used a carry-forward, the technique Trump used to avoid taxes, and he has paid taxes every year since 1944, when he was 13 and paid $7 to fund World War II.