Trump Admits He Uses 'Every Single Thing In The Book' To Avoid Taxes

| by Robert Fowler
Republican presidential candidate Donald TrumpRepublican presidential candidate Donald Trump

Republican presidential candidate Donald Trump has sworn to release his tax returns to the public. The business mogul added that he uses every resource in his disposal to pay as little in taxes as possible.

On Feb. 10, Trump told NBC’s "TODAY" show that his tax returns will be released “... probably over the next few months.”

The presidential candidate, fresh off a victory in the New Hampshire caucus, explained that his tax returns will take time to prepare.

“They’re very big tax returns,” Trump said. “I guarantee you this — the biggest in the history of what we’re doing so it’s very complicated stuff.”

The real estate mogul added that “I fight like hell not to pay tax. I hate the way the government spends my money.”

Trump has touted his ability to find tax loopholes before. During a Jan. 23 campaign rally in Sioux Center, Iowa, the candidate told the crowd that he minimizes how much taxes he pays to the U.S. government, according to Business Insider.

“I mean, I pay as little as possible,” Trump said. “I use every single thing in the book. And I have great people.”

The Republican candidate said that his exploitation of the tax code was evidence that he knew how to curb loopholes that hedge fund, venture capital and private equity managers currently enjoy.

“What’s [happening] on Wall Street is ridiculous,” Trump said. “Who knows it better than me? Who knows the system, who knows the tax code better than me?”

Trump has proposed closing loopholes for Wall Street management fees — known as “carried interest” — according to the Connecticut Post.

During the Sept. 16 GOP debate, the business mogul unveiled a plan that would treat carried interest as regular compensation instead of investment income, meaning a higher tax.

“The hedge fund guys won’t like me as much as they like me now,” Trump said. “I know them all, but they’ll pay more… I know people that are making a tremendous amount of money and paying virtually no taxes, and I think it’s unfair.”

Sources: Business Insider, Connecticut PostNBC / Photo credit: Gage Skidmore / Flickr

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