It now seems certain that Donald Trump has paid no US Federal taxes for nearly two decades. He has pretty much admitted that a loss of $916 million in 1995 wiped out his liabilities since then.
Many will be shocked by this.
Many will, I think rightly, wonder why he could not have admitted this earlier.
Much discussion has been on whether or not the tax code is fair or not.
But it seems to me that the real question is something different: it is how could Trump have afforded to lose so much and carry on in business? That is a phenomenal loss to fund. How did he incur it? Who paid for it? Why? What influence did they then have? What were the consequences?
Those all seem fair questions to me because no one gets to put a loss of nearly $1 billion on their tax return without there being consequences. I suspect those consequences are what people need to know about.
Or to put it another way, how could Trump afford not to pay tax?