Hillary Clinton and Bill Clinton understand the IRS Tax system very well as they did the same thing that Donald Trump did, just a smaller number. Hillary Clinton also reported capital gains losses in order to lessen her tax burden through a “carryover.”
United Continental reported a $3.2 billion income tax credit in 2015 despite reporting pre-tax earnings of $4.2 billion. Due to the $4.7 billion in allowances they claimed because of losses in previous years, they erased their $1.5 billion tax bill.
Level 3 Communications got a tax credit of $3.2 billion in 2015 despite reporting a pre-tax profit of $283 million in the same year because of credits associated with losses at their own company and a company they acquired in 2014.
General Motors got a tax credit of of $1.9 billion, even though its earnings before taxes hit $7.7 billion. The company reported a federal income tax expense of $1 billion, but the tax bill became a credit due to a tax break the company got in connection with General Motors Europe.
These talking heads didn't pay taxes...