Six reasons why Trump's tax scam could be the end of his campaign

Photo: depositphotos.com

October 1 The New York Times unveiled documents about the financial losses of the US Republican presidential candidate Donald Trump in 1995. According to published data, the billionaire then lost almost a million dollars, which, according to tax experts, could allow him not to pay taxes for 18 years.

This information caused a great resonance in the community.

Edition Business Insider gathered 6 reasons why this information could end Trump’s election campaign.

1. Clinton was right - Trump was trying to hide something “terrible”

During the initial debates, Clinton gave several reasons why Trump refuses to publish his tax return. She suggested that in this way he is trying to hide something “very important and really terrible”.

The story of tax frauds that fits perfectly fits with what the former secretary of state said.

2. Where is Trump's business acumen?

The main idea of ​​Trump's campaign is to assert that he must become president, because he is a successful businessman who knows how to make big money and knows how to manage them, and therefore he will cope with the country.

But the loss of almost a million dollars per year suggests that he is not such a successful businessman and manager.

Headquarters Clinton is already trying to take advantage of this trump card, claiming "Trump's tremendous business losses."

3. He's just another rich man taking advantage of a system that only punishes the poor.

Trump has consistently stated that politicians always benefit in an unjust system, where the average person is unprotected, and intended to fix it. But the story of the tax scam put him in the position of a man who, having a lot of money, also took advantage of the imperfection of the system.

Tax experts can claim that there was nothing illegal in Trump’s actions, but the public will believe Clinton’s claims that would underscore the injustice that one of the richest people in the United States does not pay taxes, while ordinary families barely reduce meet, pay taxes every year.

4. He refused to donate money to charity

The published documents do not provide information about how much Trump donated to charity, but state tax returns show that in 1995, he refused to donate money to organizations of veterans and children's funds in New Jersey, which does not add him any points in the eyes of voters they see in him a man who thinks only of himself.

5. The scandal will not resolve

Trump’s refusal to publicize his tax return accompanied his campaign for months, so information about the scam will not soon get off the front pages, and Trump will hear many more questions about this.

6. This information is the result of a terrible week for Trump

A week before the publication of this information, many experts called the worst week in the presidential campaigns of recent decades.

It all started with his loss in the first debate, then a scandal with the former Miss Universe, then information about illegal transactions with Cuba and, finally, tax evasion.

Meanwhile, it became known that the office of the Attorney General of the State of New York, Eric Schneiderman, on Monday ordered the Trump Foundation to immediately stop collecting donations in the state of New York.

The Trump Foundation has been collecting donations this year in New York, without having received the pre-registration required by state law, writes The New York Times.

“The Trump Foundation must immediately cease fundraising or any other fundraising activities in New York State,” the New York State Attorney's Office said in a document.

Trump campaign spokeswoman Hope Hicks said she had "serious concerns about possible political motivations" for the ban, but stressed that the Trump Foundation intends to "fully cooperate during the investigation."

“Because this matter is still under investigation, the Trump Foundation will not be commenting further on this matter,” she added.

Read also on ForumDaily:

Not paying 18 years Trump's taxes have been called a genius

Taxes and wages: how life will change if Trump becomes president

Everything you need to know about the first debate between Trump and Clinton

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