Trump a 'Brilliant' Businessman? Tax Experts Say Otherwise | NBC 5 Dallas-Fort Worth
Decision 2016

Decision 2016

Full coverage of the race for the White House

Trump a 'Brilliant' Businessman? Tax Experts Say Otherwise

Following the release of some of Trump's 1995 tax filings, experts say Trump's losses are "unusual"

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    Donald Trump speaks at last week's presidential debate at Hofstra University in this file photo. Some of the Republican candidate's 1995 tax filings were released by the New York Times this weekend, which experts say show he isn't a "brilliant" businessman.

    While Donald Trump touts himself as a business genius, tax experts say that his experiences suggest otherwise, according to NBC News.

    Following the New York Times' release of pages from Trump's 1995 tax filings that show close to $916 million in losses, Trump attempted to explain the documents. He said they were evidence of his "talent," "skill, dedication and sheer grit." 

    He said the losses are his "net operating loss," or NOL. NOL can cancel out an individual's income tax during a given year. NYU tax law professor Dan Shaviro said that the NOL loophole isn't special to Trump - it's something any business owner would use.

    Shaviro added that a loss of over $900 million is "unusual."

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    President Elect Donald Trump is booed as he walks through the lobby of The New York Times Building after a 75-minute meeting with Times journalists. The lobby of the Times building is open to the public, and a large crowd had gathered by the time he departed. (Published Tuesday, Nov. 22, 2016)