 "Buffett hits back at Trump over tax comments")
Billionaire investor Warren Buffett denied on Monday an allegation by Republican presidential candidate Donald Trump that he, like Trump, had taken "a massive deduction" that allowed him to avoid federal income taxes.
Buffett said he paid about $1.85 million in income tax in 2015, and that returns for previous years were similar in respect to contributions, deductions and tax rates.
Buffett said he was being audited by the Internal Revenue Service, but had "no problem" releasing his tax information. Trump has refused to release his tax returns, citing ongoing audits by the IRS.
Paul Ryan, the top Republican in the US Congress, said on Monday he would not defend Donald Trump nor campaign with him, plunging the Republican candidate's presidential bid deeper into crisis over his sexually aggressive remarks about women.
Ryan, speaker of the House of Representatives, also signaled he was preparing for Democrat Hillary Clinton to win the White House in the November 8 presidential and congressional election. It is extremely rare for a House Speaker to turn his back on his party's presidential nominee.
Buffett said he paid about $1.85 million in income tax in 2015, and that returns for previous years were similar in respect to contributions, deductions and tax rates.
Buffett said he was being audited by the Internal Revenue Service, but had "no problem" releasing his tax information. Trump has refused to release his tax returns, citing ongoing audits by the IRS.
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Top US Republican Ryan distances himself from Trump
Paul Ryan, the top Republican in the US Congress, said on Monday he would not defend Donald Trump nor campaign with him, plunging the Republican candidate's presidential bid deeper into crisis over his sexually aggressive remarks about women.
Ryan, speaker of the House of Representatives, also signaled he was preparing for Democrat Hillary Clinton to win the White House in the November 8 presidential and congressional election. It is extremely rare for a House Speaker to turn his back on his party's presidential nominee.