>> WE HAVE A HELL OF A STORY BRICKING.
BRICKING. >> THE "NEW YORK TIMES" OBTAINED
10 YEARS OF TAX INFORMATION.
MR. TRUMP REPORTED LOSSES OF $46
MILLION FROM HIS CORE
BUSINESSES.
BUSINESSES.
LARGELY CASINOS AND HOTELS AND RETAIL SPACE AND APARTMENT AND
RETAIL SPACE AND APARTMENT BUILDINGS.
BUILDINGS.
THEY CONTINUE TO LOSE MONEY TOTALLING MORE THAN A BILLION
DOLLARS FOR THE LOSSES FOR THE
DECADE.
DECADE.
ACCORDING TO THE "NEW YORK TIMES" REPORT OUT THIS EVENING,
YEAR AFTER YEAR, MR. TRUMP
APPEARS TO HAVE LOST MORE MONEY
THAN ANY OTHER INDIVIDUAL
TAXPAYER IN THE COUNTRY.
LETS BRING DAVID KAY JOHNSTON.
DOES THIS SQUARE WITH THE
INFORMATION YOU HAD ALL ALONG?
>> ABSOLUTELY THIS IS WHAT I
HAVE BEEN TRYING TO TELL PEOPLE.
IT IS CONSISTENT WITH WHAT I
REPORTED WHEN I GOT TRUMPS 20051040 TAX RETURN AND WHAT I
REPORTED BACK IN THE 90s WHEN HE
ARRANGED TO SHED A BILLION
DOLLARS OF DEBT.
THESE LOSSES THAT THE "NEW YORK
TIMES" SHOWS ARE WAY BEYOND THE LOSSES HE COULD TAKE FROMND THE
LOSSES HE COULD TAKE FROM DEKREESHIATING REAL ESTATE.
THESE SHOW DONALD TRUMP IS NOT
THE MODERNED MY ASS WHO TURNS
EVERYTHING TO GOLD.
HE IS THE TO AND THE WIZARD
PULLED BACK THE CURTAIN AND
REVEALED THE CON MAN.
>> I WAS THINKING THAT WORD AS WE FIRST GOT THIS REPORT.RD AS
WE FIRST GOT THIS REPORT. ONE GOOD WAY TO ROLL UP LOSSES
IS DEPRECIATION.
IS DEPRECIATION. ACCORDING TO THE NEW YORK TIMES
AND THIS IS THE KILLER FOR
TOMORROWS NEWS.
TRUMP PAID NO FEDERAL INCOME TAXES FOR EIGHT OF THE 10 YEARS.
I WANT TO STICK WITH YOU.
YOU KNOW THE GUYS CHARACTER AND
MO.
THIS IS WHAT SO MANY PEOPLE SUPPORTED.AT SO MANY PEOPLE
SUPPORTED.
HE WAS ABLE TO DRUM UP ENOUGH
COST AND OTHER INTANGIBLES TO
JUSTIFY NOT PAYING ANY TAXES FOR
ALL THE PEOPLE WHO DONT MAKE A
BILLION DOLLARS.
SOMEONE WHO PAYS 40 A YEAR AND PAYS TAXES AND THEY PAY A BIGD
PAYS TAXES AND THEY PAY A BIG CHECK IF ITS NOT WITH HELD
ALREADY.
ALREADY.
HERES THIS CHARACTER WHO PAYS
NO TAXES EIGHT OUT OF TEN YEARS.
THATS WHAT A LOT OF PEOPLE
SUSPECTED WAS THE REASON HE KEPT
IT SECRET.
>> THERE IS NOT NOW AND NEVER HAS BEEN VERIFIABLE EVIDENCER
HAS BEEN VERIFIABLE EVIDENCE THAT DONALD TRUMP EVER HAD A
BILLION DOLLARS.
WHAT WE KNOW FROM PUBLIC RECORDS
AND HIS ACTIONS AND THIS REPORT
IN THE NEW YORK TIMES IS THAT
MONEY FLOWS IN AND IT FLOWS OUT
FASTER THAN IT FLOWS IN. ONE OF THE REASONS WE SHOULD ALL
BE CONCERNED ABOUT THAT IS
SOMEONE IN SEARCH FOR MONEY TO
MAINTAIN THE APPEARANCE THAT
THEYRE WEALTHY IS LIKELY TO COMMIT CRIMES AND BE OPEN TO
VARIOUS ACTIONS AND WE DONT
HAVE A DEFINITIVE ANSWER. LAUNDERING MONEY FOR RUSSIANS
AND OTHERS THROUGH REAL ESTATE
DEAL, SOME OF WHICH I HAVE
WRITTEN ABOUT THAT MAKE NO SENSE AS A BUSINESS DEAL, BUT NO SENSE
AS A BUSINESS DEAL, BUT ABSOLUTELY MAKE SENSE AS MONEY
LAUNDERING AND PAY OFF OPERATIONS.AND PAY OFF
OPERATIONS.
>> DID YOU RESPECT THIS? >> LOOK, I THINK PEOPLE HAVE
LONG WONDERED WHY THE PRESIDENT
HAS BEEN SO CAREFUL TO HIDE HIS
TAXES.
IT IS HIS RED LINE.
I THINK MOST OF US EXPECTED THAT
MAYBE THEY MIGHT REVEAL ONE OR TWO OR BOTH THINGS.VEAL ONE OR
TWO OR BOTH THINGS. HE WAS NOT AS WEALTHY WHICH I
COULDNT CARE LESS ABOUT, BUT
MORE IMPORTANTLY, DOES HE
ACTUALLY CONTRIBUTE TO THE COUNTRY? CONTRIBUTE TO THE
COUNTRY?
DOES HE PAY TAXES LIKE EVERY
OTHER HARDWORKING AMERICAN?
YOU GET INTO THE OTHER MONEY LAUNDERING ISSUES AND POTENTIAL
COMPROMISE BY FOREIGN POWERS
THAT DAVID MENTIONED AS WELL. AT THE MOST BASIC LEVEL FORL.
AT THE MOST BASIC LEVEL FOR HARDWORKING AMERICANS, TO KNOW
THAT DONALD TRUMP REALLY DIDNT
PAY TAXES AT LEAST FOR THE BULK
OF THIS 10-YEAR PERIOD WHILE
THEY ARE WORKING SO HARD AND DIDNT INHERIT MILLIONS OFAND
DIDNT INHERIT MILLIONS OF DOLLARS AND STRUGGLE TO MAKE
ENDS MEET AND STILL PAY TAXES
AND THIS ALLEGED BILLIONAIRE IN NEW YORK CITY PAYING ESSENTIALLY
NOTHING.
NOTHING.
I THINK THAT CREATES A PROBLEM
FOR HIM IN 2020.
>> I TELL YOU THE AVERAGE PERSON
OUT THERE WHO GETS OUT AND PUTS THEIR HAT ON OR BASEBALL CAP OR
SOMETHING TO GET THROUGH THE
HOURS THEY HAVE TO PUT THEIR
TAXES TOGETHER.
I HAVE TO SIT THERE WITH ALL THIS PAPERWORK.HERE WITH ALL
THIS PAPERWORK. I HAVE TO BE HONEST.
YOU FEEL LIKE A CHUMP BECAUSE YOU ARE JUST BEING HONEST.USE
YOU ARE JUST BEING HONEST. LIVING IN THAT HOUSE AND LIVING
LIKE HE DID WITH THE PLAINS AND EVERYTHING ELSE AND HE CAME UPD
EVERYTHING ELSE AND HE CAME UP WITH TAX DODGES, DEPRECIATION
ALLOWANCES AND STUFF THAT HE
JUSTIFIED TO GET OUT OF IT.
WHAT YOU ARE PAYING IN DOLLARS,
HE IS EVADING IN MILLIONS. >> ONE OF THEM AS YOU ARE.
>> ONE OF THEM AS YOU ARE SAYING, HE DIDNT CONTRIBUTE IN
ANY WAY FOR A GOOD CHUNK.
>> TO AMERICA.
>> TO THE AMERICAN ECONOMY WHILE
TRYING TO PASS IT. THIS IS WHERE I DO CARE IF HES
RICH.
RICH.
I CARE THAT HE WAS TRYING TO
PASS HIMSELF OFF AS THIS GREAT
CHARITABLE PERSON AND IM RICH AND I HAVE A CHARITY AND THATS
A CAM, TOO.
>> NO WONDER HE WAS BEING
AUDITED.
>> THE OTHER QUESTION IS ARE THESE LOSSES REAL?ION IS ARE
THESE LOSSES REAL? IS THIS SMART MOVING AROUND
MONEY OR IS THERE TAX FRAUD
HERE?
HERE?
MY GUESS IS IF HE WAS TRYING TO HARD TO HIDE IT, HES NOT ANG TO
HARD TO HIDE IT, HES NOT A REALLY RICH GUY.
WHAT SCHEME HAS HE CREATED SO
THAT HE DOESNT HAVE TO PAY
TAXES?
>> THE ONE QUESTION I WANT TO GO BACK TO, ANYBODY CAN HAVE ATO GO
BACK TO, ANYBODY CAN HAVE A DIFFERENT REACTION BECAUSE THEY
DIDNT WANT A BUNCH OF THINK
TANK PEOPLE.
TANK PEOPLE. THEY WOULDNT BE SO KIND AS TO
SAY YOU DONT TO HAVE TO PAY
TAXES FOR 10 YEARS.
YOU GET A SHARPY ACCOUNTANT AND
YOU FIGURE OUT WAYS TO DO IT.
HE PROBABLY DID IT LEGALLY,
TECHNICALLY AND FACES THE FACT
THAT NOBODY IS GOING TO BELIEVE
THATS FAIR.
>> CHRIS, FIRST OF ALL, IN AN
EARLIER STORY IN THE "NEW YORK
TIMES" THEY SAID WITHOUT QUESTION, DONALD TRUMP AND HIS
FAMILY HAVE BEEN COMMIT TAX
FRAUD FOR YEARS AND AS SOON AS THE AUTHORITIES BEGANS SOON AS
THE AUTHORITIES BEGAN INVESTIGATING THE FEDERAL JUDGE
MARIANNE TRUMP BARRY, SHE
RESIGNED BECAUSE THAT STOPPED THE INVESTIGATION.HAT STOPPED
THE INVESTIGATION. DONALD TRUMP HAD TWO FRAUD
TRIALS AND LOST BOTH OF THEM.
HE WAS EXCORIATED BY THE
EVIDENCE.
HE IS A CRIMINAL LEVEL TAX CHEAT AND ITS ONE OF THE REASONS ITSAT
AND ITS ONE OF THE REASONS ITS IMPORTANT THAT CONGRESS YOU
SHOULD UNDER THIS ANTI-CORRUPTION LAW THAT YOU AND