The lies Trump told this week: taxes, bankruptcy and the great ‘depression’

 Republican presidential nominee Donald Trump speaks at a campaign rally in Reno, Nevada, earlier this week. Photograph: Mike Segar/Reuters

Republican presidential nominee Donald Trump speaks at a campaign rally in Reno, Nevada, earlier this week. Photograph: Mike Segar/Reuters

Taxes

“I mean, honestly, I have brilliantly – I have brilliantly used those laws.” – 3 October, Pueblo, Colorado

Donald J Trump did not prepare his 1995 returns, portions of which showed a $916m loss that could have let the businessman avoid 18 years of taxes. Jack Mitnick was Trump’s accountant at the time. This week, Mitnick was asked by CNN if Trump “was brilliant in the way he used the tax code? Smart and a genius?”

“No, those returns were entirely created by us,” Mitnick replied.

He was then asked: “So what kind of involvement did he have?”

Mitnick: “Virtually zero.”

Finally, the CNN hosts asked whether Mitnick, who worked for Trump for years, had “any reason to believe that he does know how to work the tax code as much as he says he does?”

Mitnick: “Not when I dealt with him.”

Bankruptcy

Some of the biggest and strongest of companies went absolutely bankrupt. Which I never did, by the way. Are you proud of me? Would have loved to use that card, but I just didn’t want to do it.3 October, Pueblo

Trump’s father and family repeatedly bailed him out with millions in loans, one of them illegal. Trump has never personally filed for bankruptcy. Yet, his businesses have filed for Chapter 11 bankruptcy – which allows businesses to find ways to restructure debt and operations without being liquidated – six times in the last 25 years.

In 1991 he declared bankruptcy at his Taj Majal casino; in 1992 he declared bankruptcy at his Trump Castle casino, Trump Plaza and Plaza Hotel; in 2004 he filed for bankruptcy at Trump Hotels and Casinos Resorts; and in 2009 his Trump Entertainment Resorts declared bankruptcy.

In a primary debate last October, Trump bragged about four of those bankruptcies.

Other lies Trump told this week may be read on The Guardian newspaper site here.

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