Timothy L. O'Brien, Columnist

Searching for the Truth in Trump's 1995 Tax Return

A $916 million loss is not the work of a business genius.

October 3, 2016 at 11:14 AM EDT

Timothy L. O'Brien is senior executive editor of Bloomberg Opinion. A former editor and reporter for the New York Times, he is author of “TrumpNation: The Art of Being the Donald.”

He navigates the tax laws.
Photographer: Jessica Kourkounis/Getty Images

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Rudy Giuliani has tried to make it easy for anyone who might be perplexed about his friend Donald Trump’s income tax maneuvers. All you need to know, Giuliani said Sunday on CNN, is that the tax code is complex and Trump is a “genius” for figuring out how to navigate it.

Giuliani was trying to help viewers understand the New York Times’s revelation that Trump may have used $916 million in business losses to legally lower his federal income taxes -- or avoid paying them at all from 1992 to 2010.

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