Warren Buffett says Donald Trump is no oracle on his taxes.
In Sunday night's presidential debate in St. Louis, Trump defended not paying federal income taxes in some years as a result of a $916 million loss in 1995 by saying that Buffett was among other wealthy people who also took a "massive deduction."
But the Oracle of Omaha, who is supporting Hillary Clinton, countered that Trump "has not seen my income tax returns."
"I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward," Buffett said in a statement to CNBC.
Buffett said he is now under audit and has "no problem in releasing tax information while under audit."
He added: "Neither would Mr. Trump — at least he would have no legal problem."