Wonkbook: What Donald Trump doesn't want to admit about his taxes

By Matt O'Brien The early 1990s were Donald Trump's own private Great Depression, but they weren't for everybody else. Sure, the economy was bad, but it wasn't world-historically so. Trump, though, is trying to explain the $916 million loss that the New York Times reports he racked up during this time and then could have …   The latest economic and domestic policy from Wonkblog   Donald Trump speaks to the Detroit Economic Club on August 8. (Reuters/Eric Thayer) By Matt O'Brien The early 1990s were Donald Trump's own private Great Depression, but they weren't for everybody else. Sure, the economy was bad, but it wasn't world-historically so. Trump, though, is trying to explain the $916 million loss that the New York Times reports he racked up during this time and then could have used to avoid paying federal income taxes for up to 18 years. So he's resorted to saying that the early 1990s recession was "one of the most brutal economic downturns in our country's history," and that "other than I would say 1928" there was "nothing even close to it." This is wrong. Read the rest on Wonkblog.   Top policy tweets HHS approves Kentucky's decision to shut down its state health care exchange. KY residents will use fed exchange https://t.co/Q60AUWQqxK — Reid Wilson (@PoliticsReid) October 5, 2016 Tyler Cowen and I debate supply-side policy: https://t.co/IJQmzeyxnY — Noah Smith (@Noahpinion) October 5, 2016   NSA "contractor...suspected of taking the highly classified 'source code'developed...to break into computer systems" https://t.co/Q1DCtJpf4w — Josh Eidelson (@josheidelson) October 5, 2016 ADVERTISEMENT   Most Recent Posts from Wonkblog Washington’s ‘governing elite’ think Americans are morons A new book argues that Washington bureaucrats have contempt for the Americans they play a big role in governing By Jeff Guo  •  Read more »   What Donald Trump doesn’t want to admit about his taxes If he were being honest about his past, Donald Trump would have to admit something he doesn't want to acknowledge. By Matt O'Brien  •  Read more »   Marijuana legalization is leading in every state where it’s on the ballot this November But the margins are so small that the races are all still up for grabs. By Christopher Ingraham  •  Read more »   ADVERTISEMENT   Recommended for you   Federal Insider Federal news and policy update, in your inbox daily. Sign Up »         Share Wonkbook:       Twitter      Facebook Trouble reading? Click here to view in your browser. You received this email because you signed up for a Wonkblog newsletter. For additional free newsletters or to manage your newsletters, click here. We respect your privacy. If you believe that this email has been sent to you in error or you no longer wish to receive email from The Washington Post, click here. Contact us for help. ©2016 The Washington Post, 1301 K St NW, Washington DC 20071