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Celebs React to Donald Trump Admitting He Uses Federal Tax Loophole

Celebs React to Donald Trump Admitting He Uses Federal Tax Loophole

Donald Trump admitted during the second presidential debate that he has used federal tax loopholes to pay less taxes and celebs are reacting to his comments.

After a question about taxes, Andersoon Cooper followed up by bringing up the three pages of Trump‘s 1995 tax return that were released recently and showed he had a $916 million loss.

“Did you use that multimillion dollar loss to avoid paying federal income taxes,” he asked.

“Of course I do. And so do all of her donors, or most of her donors. I know many of her donors. Her donors took massive tax write offs. A lot of my write off was depreciation of the things that Hillary, Senator, allowed. To always allow because it will give her all the money, they wanted. That’s why,” Trump said.

When asked to say how many years he has avoided paying personal federal income taxes, he said, “No. But I pay tax, and I pay federal tax too. But I have a write-off. A lot of it is depreciation, which is a wonderful charge. I love depreciation. You know, she’s given it to us.”

Click inside to see what more celebs are saying…

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Photos: Getty
Posted to: Andersoon Cooper, Donald Trump, Hillary Clinton

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  • Cruizin1960

    So what? He didn’t do anything illegal. If you want the tax laws change, elect people who will do it. Problem is, they want these things in the tax code because they also benefit from it. Trump suffered significant losses in the early to mid-1990s due to the commercial real estate meltdown which resulted in loss of property values and rapid depreciation. He did not say he had not paid federal income taxes for years…merely that he utilized an available legal part of the tax code. In addition, Trump pays a mountain of other taxes.

  • John Dow

    These losers and hypocrites is scared that if Trump elected, he can get rid of those loopholes and so-called celebs will have to pay ALL their taxes :)

  • Koos

    are we talking Anal Sex now?

  • netopian

    Why did Hilary delete the 33K emails

  • Melissa Iris

    Every celebrity or rich people in general uses the loopholes. No matter what they say.