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Buffett slams Trump over tax returns

BerkshireHathaway Inc. Chairman Warren Buffett slammed Donald Trump over histax returns while reiterating that he has never used a tax carryforward.

Buffett, who supports Democratic presidential candidateHillary Clinton, released information from his personal taxes and challengedTrump to follow his lead.

He issued a statement in response to the Republicancandidate, who said, while answering a question regarding his $916 millionincome tax loss carryforwards in 1995, during the second presidential debatethat Buffett has used loopholes to avoid taxes.

Buffett also criticized Trump for not releasing his ownincome tax returns. Buffett said in a statement that he has paid federal incometax every year since 1944 and that the IRS has audited him several times. Headded that he paid about $1.8 million in federal income tax for 2015 on grossincome of approximately $11.6 million. Buffett also said he took about $5.5million in deductions for the year, of which just under $3.5 million was forcharitable donations.