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Transcripts for MSNBC The Last Word With Lawrence ODonnell 20240604 03:12:00

i found most trouble in 2015 that the spill was relying on a tax loss carried for about 100 and, five 100 and $7 million. that along with other deductions and credits that he claimed meant that in a number of years he paid nothing in taxes. as you know, one year $750. there is less information about foreign entanglements here. it was a narrow inquiry and the some 500 trump tax in the committee only got information about eight of them. it was limited to six years, even though this issue of a huge loss carryover was from an earlier year that was not investigated. so, i think we know a lot about

Transcripts for CNN Erin Burnett OutFront 20240604 00:46:00

millions of dollars in these returns that were claimed without adequate substantiation. the extent to which the irs made an effort to get that substantiation, i invite you to look at the reports. but i think you ll be surprised by how little there is, and i have my doubts that another taxpayer could go in to audit and provide as little as was provided here and expect to have a completed audit. okay. and those tens of millions of dollars were what that he was claiming? well, we know that from the earlier disclosures from the new york times that he often claimed huge amounts of loss carryovers. and even one time much before these returns got a check for over $70 million. in this case in 2015, he began with about $105 million loss carryover. those issues in it were not

Transcripts for MSNBC The Last Word With Lawrence ODonnell 20240604 06:12:00

tax loss carried for about 100 and, five 100 and $7 million. that along with other deductions and credits that he claimed meant that in a number of years he paid nothing in taxes. as you know, one year $750. there is less information about foreign entanglements here. it was a narrow inquiry and the some 500 trump tax in entities the committee only got information about eight of them. it was limited to six years, even though this issue of a huge loss carryover was from an earlier year that was not investigated. so, i think we know a lot about trump and about the operation of the irs and its failings, but there s still more than our to be learned about this. i hope the senate will continue the work that we ve done, since republicans have made it clear not only that we not only

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