Democratic nominee Hillary Clinton was quick to jumped on the The New York Times “bombshell report” on rival Donald Trump’s 1995 tax returns, which showed that Trump took a $916 million loss that year and may have been able to avoid paying taxes for up to 18 years.
The Times “illegally obtained” the GOP nominee’s return, according to the Trump campaign, and dropped the story over the weekend as an early “October surprise.”
In response to The Times article, Clinton said on Twitter: “Trump ‘apparently got to avoid paying taxes for nearly two decades—while tens of millions of working families paid theirs.'”
Trump "apparently got to avoid paying taxes for nearly two decades—while tens of millions of working families paid theirs." pic.twitter.com/g62jB9fKr5
— Hillary Clinton (@HillaryClinton) October 2, 2016
But, according to the financial blog Zero Hedge, Clinton’s criticism equates to the pot calling the kettle black… not that she is a stranger to rank hypocrisy.
Zero Hedge reported that Clinton apparently employed the very same loss avoidance “scheme.”
“Simply put – pot, kettle, black,” the blog declared, pointing out that Clinton reported a $700,000 loss on her 2015 tax return.
While not on the scale of Trump’s business “operating loss”, Hillary Clinton – like many ‘wealthy’ individuals is taking advantage of a legal scheme to use historical losses to avoid paying current taxes.
Clinton’s loss can be seen below and the tax break such losses open up is widely used among America’s more affluent citizens: