Trump's tax writeoff shows his 'genius' at business, advisers say

Republican presidential nominee Donald Trump speaks at a campaign rally in ManheimBy Alana Wise WASHINGTON (Reuters) – Donald Trump’s decision to take a $916 million loss on his 1995 income tax return showed his business acumen and “genius” at figuring out how to minimize his tax bill, two of the Republican presidential candidate’s advisers said on Sunday. “This is a perfectly legal application of the tax code. Speaking on the ABC program “This Week,” Giuliani said that as a business owner, Trump has a “fiduciary duty” to the investors in his real estate company to maximize profits.

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