Warren Buffett Stuffs Donald Trump’s Tax Lies Right Back in His Orange-Tinted Face

During Sunday night’s second presidential debate, Donald Trump admitted to not paying taxes for years. But, like a 7-year-old caught playing in the mud, Trump was quick to pout and say other people did it, too.

TRUMP: Many of her friends took bigger deductions. Warren Buffett took a massive deduction. Soros, who’s a friend of hers, took a massive deduction. Many of the people that are giving her all this money that she can do many more commercials than me gave her — took massive deductions.

Well, if other people were not paying a dime to support the nation while talking about what freeloaders poor people are … but hang on a second. Warren Buffett has a reply.

My 2015 return shows adjusted gross income of $11,563,931. My deductions totaled $5,477,694, of which allowable charitable deductions were $3,469,179. All but $36,037 of the remainder was for state income taxes.

The total charitable contributions I made during the year were $2,858,057,970, of which more than $2.85 billion were not taken as deductions, and never will be. Tax law properly limits charitable deductions.

My federal income tax for the year was $1,845,557. Returns for previous years are of similar nature in respect to contributions, deductions, and tax rates.

In a single year, Warren Buffett gave $2.85 billion to charity—and still paid his fair share of taxes. Read the full note below.

Some Tax Facts for Donald Trump

Answering a question last night about his $916 million loss carry forward in 1995, Donald Trump stated that “Warren Buffet took a massive deduction.” Mr. Trump says he knows more about taxes than any other human, He has not seen my income tax returns, but I am happy to give him the facts.

My 2015 return shows adjusted gross income of $11,563,931. My deductions totaled $5,477,694, of which allowable charitable deductions were $3,469,179. All but $36,037 of the remainder was for state income taxes.

The total charitable contributions I made during the year were $2,858,057,970, of which more than $2.85 billion were not taken as deductions, and never will be. Tax law properly limits charitable deductions.

My federal income tax for the year was $1,845,557. Returns for previous years are of similar nature in respect to contributions, deductions, and tax rates.

I have paid federal taxes 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 carry forward.

Finally, I have been audited by the IRS multiple times, and am currently being audited. I have no problem releasing my tax information while under audit. Neither would Mr. Trump — at least he would have no legal problem.