Report shows Trump lost almost $1bn and may have paid no tax for 18 years

Reports that Donald Trump may have paid no income taxes for nearly two decades show the Republican presidential nominee is a genius, his closest allies have said.
The Trump campaign came out fighting after a story in the New York Times that the tycoon lost nearly $916m in 1995 - so much that he could have legally avoided paying federal income taxes for as many as 18 years.