TRUMP: “We have Gary Cohn, who’s the president of Goldman Sachs. That’s somebody. He’s the president of Goldman Sachs. He had to pay over $200 million in taxes to take the job, right? … This is the president of Goldman Sachs, smart. Having him represent us. He went from massive paydays to peanuts. … But these are people that are great, brilliant business minds. And that’s what we need.” — Iowa speech.

THE FACTS: Trump is confusing taxes paid with stocks sold.