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Berkshire Hathaway Chairman and CEO Warren Buffett speaks at a rally for Democratic presidential candidate Hillary Clinton at Omaha North High Magnet School in Omaha, Neb., Monday, Aug. 1, 2016. (AP Photo/Andrew Harnik)

Donald Trump said Warren Buffett took a huge tax deduction, so Buffet revealed his returns


During Sunday's presidential debate, Donald Trump said billionaire Warren Buffett took a "massive deduction" on his taxes, similar to his $916 million deduction that earned nationwide attention.

But Buffett fired back the next day by revealing his 2015 tax returns. Trump has still not published his own tax returns, claiming he will release them when an audit is complete, despite the fact that audits do not prevent anyone from releasing returns.

Here's the full text of Buffett's statement (also posted here).

I have no problem in releasing my tax information while under audit. Neither would Mr. Trump - at least he would have no legal problem.
Warren Buffett statement

Buffett said he has paid federal income tax every year since 1944, according to his statement. He says he made about $2.85 billion in charitable contributions, very few of which were deducted on his tax returns.  He also said he is under an audit, but still released his returns. 

Many of the people that are giving her all this money that she can do many more commercials than me ... took massive deductions.
Donald Trump

Trump said that Hillary Clinton supporters "want all of these provisions" that let them write off massive deductions.

Many applauded Buffett for releasing his tax returns.

The level of detail impressed some Twitter users.

Donald Trump said Warren Buffett took a huge tax deduction, so Buffet revealed his returns

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