Trump's 1995 tax records suggest no federal taxes for years: New York TimesWASHINGTON (Reuters) - Republican presidential nominee Donald Trump declared a $916 million loss on his 1995 income tax returns and the large tax deduction may have allowed him to avoid paying federal income taxes for up to 18 years, the New York Times reported on Saturday. The Trump campaign, in a statement responding to the Times report, said that the tax document was obtained illegally and that the New York Times is operating as an extension of the presidential campaign of Democratic rival Hillary Clinton. The Times said it had obtained Trump’s 1995 tax records and that they showed he received the large tax benefits from financial deals that went bad in the early 1990s. The newspaper said that tax experts it hired to analyze Trump’s records said tax rules which are especially advantageous to wealthy filers would have let Trump use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period. The Times said that although Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years. Trump has declined to release his tax records, unlike previous presidential nominees in modern history, saying his taxes are under a federal audit. Experts say he could still release them publicly if he wished. “Mr. Trump is a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required,” the Trump campaign statement said. “That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions,” it said. politicsNews
trump tax records suggest federal taxes years new york timeswashington reuters republican presidential nominee donald trump declared million loss income tax returns large tax deduction may allowed avoid paying federal income taxes years new york times reported saturday the trump campaign statement responding times report said tax document obtained illegally new york times operating extension presidential campaign democratic rival hillary clinton the times said obtained trump tax records showed received large tax benefits financial deals went bad early the newspaper said tax experts hired analyze trump records said tax rules especially advantageous wealthy files would let trump use million loss cancel equivalent amount taxable income period the times said although trump taxable income subsequent years yet unknown million loss would large enough wipe million year taxable income years trump declined release tax records unlike previous presidential nominees modern history saying taxes federal audit experts say could still release publicly wished mr trump businessman fiduciary responsibility business family employees pay tax legally required trump campaign statement said that said trump paid hundreds millions dollars property taxes sales excise taxes real estate taxes city taxes state taxes employee taxes federal taxes along substantial charitable contributions said politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Trump's 1995 tax records suggest no federal taxes for years: New York TimesWASHINGTON (Reuters) - Republican presidential nominee Donald Trump declared a $916 million loss on his 1995 income tax returns and the large tax deduction may have allowed him to avoid paying federal income taxes for up to 18 years, the New York Times reported on Saturday. The Trump campaign, in a statement responding to the Times report, said that the tax document was obtained illegally and that the New York Times is operating as an extension of the presidential campaign of Democratic rival Hillary Clinton. The Times said it had obtained Trump’s 1995 tax records and that they showed he received the large tax benefits from financial deals that went bad in the early 1990s. The newspaper said that tax experts it hired to analyze Trump’s records said tax rules which are especially advantageous to wealthy filers would have let Trump use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period. The Times said that although Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years. Trump has declined to release his tax records, unlike previous presidential nominees in modern history, saying his taxes are under a federal audit. Experts say he could still release them publicly if he wished. “Mr. Trump is a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required,” the Trump campaign statement said. “That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions,” it said. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: trump tax records suggest federal taxes years new york timeswashington reuters republican presidential nominee donald trump declared million loss income tax returns large tax deduction may allowed avoid paying federal income taxes years new york times reported saturday the trump campaign statement responding times report said tax document obtained illegally new york times operating extension presidential campaign democratic rival hillary clinton the times said obtained trump tax records showed received large tax benefits financial deals went bad early the newspaper said tax experts hired analyze trump records said tax rules especially advantageous wealthy files would let trump use million loss cancel equivalent amount taxable income period the times said although trump taxable income subsequent years yet unknown million loss would large enough wipe million year taxable income years trump declined release tax records unlike previous presidential nominees modern history saying taxes federal audit experts say could still release publicly wished mr trump businessman fiduciary responsibility business family employees pay tax legally required trump campaign statement said that said trump paid hundreds millions dollars property taxes sales excise taxes real estate taxes city taxes state taxes employee taxes federal taxes along substantial charitable contributions said politicsnews