Buffett Uses His Tax Returns To Fire Back At Trump

Billionaire Warren Buffett did some hefty fact checking against the Republican candidate on Monday, releasing his 2015 tax data to prove Donald Trump wrong.

As a Hillary Clinton supporter, Warren Buffett offered some of his own fact checking against Donald Trump’s attempt to disparage his name during Sunday’s presidential debate.

On Monday morning, Buffett, a billionaire investor and CEO of Berkshire Hathaway, threw down the gauntlet against the GOP nominee by releasing his own tax data, Bloomberg reported.

In Trump’s attempt to defend not paying federal income tax after his alleged $916 million loss in 1995, Trump said that Buffett also took a “massive deduction.” According to CNBC, Buffett said Trump “has not seem my income tax returns, but [he is] happy to give him the facts.”

And, he did.

In an official statement, Buffett said, “I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward.”

Despite being audited, Buffett released his taxes, in an overwhelmingly punch-in-the-face move to Trump, who claims he cannot publicize his tax returns since he’s under audit.

To this effect, Buffett said he has “no problem in releasing [his] tax information while under audit.” He continued, “Neither would Mr. Trump – at least he would have no legal problem.”

The 2015 tax returns showed that Buffett paid $1.85 million in federal income tax. Of his charitable contributions during last year, more than $2.85 billion was not taken out as a deductible of $2.86 billion in donations.

As Trump’s popularity wanes and Clinton now leads in the polls by double digits, Democratic supporters can only hope this momentum against Trump clears the path for a Clinton victory next month. 

Banner and thumbnail credit: Reuters, Rick Wilking

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