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The Daily Beast
November 1, 2016

Why Donald Trump May Never Pay Federal Income Tax Again
By David Cay Johnston

Trump, who is last known to have paid federal income taxes in 1977, was at little risk of the audits that the Wilkie firm warned him about. An analysis Syracuse University Professor Sue Long, co-director of the Transactional Access Research Clearinghouse, did this morning, at my request, of data that the IRS is required by court order to turn over to her shows how small the audit risk is even for wealthy people like Trump. In many years, fewer than one in 10 tax returns with positive incomes of $1 million or more get audited. Using TRAC data, I calculated that of the millionaire tax returns audited last year, the average examination lasted just 17.1 hours. That means, statistically, that even if Trumpís tax return was audited last year an agent could spend less than one minute on each of what Trump says were more than 1,200 pages he filed with the IRS.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2016
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