Giuliani: Trump’s an ‘Absolute Genius’ for Not Paying Taxes

GIULIANI: "My response is he’s a genius. I mean, the reality is..."
STEPHANOPOULOS: "A genius?"
GIULIANI: "Absolute genius ... First of all, we’re talking about 26 years ago, perfectly legal. We should get that straight immediately. This is a perfectly legal application of the tax code. And he would’ve been fool not to take advantage of it. Not only that, he would’ve probably breached his fiduciary duty to his investors, to his business. You have an obligation when you run a business to maximize the profits. And if there is a tax law that says I can deduct this, you deduct it. If you fail to deduct it, people can sue you. Your investors can sue you."