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Last night, The New York Times gave us all a look at a few pages of Donald Trump's 1995 tax returns. It's just a small piece of his overall record, but it's pretty damn revealing.
According to these documents, Donald Trump could have avoided paying any federal income taxes for as many as 18 years.
After running a series of businesses into the ground, Trump declared nearly $1 billion in losses. Then, he used a number of loopholes to effectively cancel out his taxable income -- taking advantage of his business failures to avoid paying taxes.
And when rich guys like Donald don't pay their taxes, guess who picks up the tab? That's right -- you and me.
Diane, we know that Donald Trump's tax plan is designed to benefit himself. Now, it looks like Trump may have been manipulating the tax code to avoid paying his fair share for decades. Do we really want to risk finding out what Donald Trump would do with all the powers of the presidency?
Let's get one thing clear, though: Donald Trump still hasn't released his own tax returns. He's still defying nearly 40 years of bipartisan precedent. The Times obtained these records from someone else.
But we know these returns are authentic. They've been verified by Trump's accountant of more than 30 years.
He also summed up what Trump was doing pretty succinctly: "Here the guy was building incredible net worth and not paying tax on it."
In business, Donald Trump looked after just one person: himself. If we let him win this election, I have no doubt that he'll do the same from the Oval Office.
Let's make sure that never happens. Pitch in $3 or more right now to help beat him.
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Deputy Communications Director
Democratic National Committee