A stunning New York Times exposé of the President's tax returns Sunday revealed a pitifully inept businessman and a serial tax avoider crushed by massive debts that could expose him to conflicts of interest given his position as President and power to help undisclosed lenders.
Trump refused to talk about his tax returns and blasted the Times report as "totally fake news" on Sunday. But the article portrays the anti-elite crusader who rails against a corrupt system as actually using its loopholes to avoid paying any federal taxes at all in 10 of 15 years beginning in 2000 by writing off his own staggering losses.
In 2016 and 2017 each, Trump paid just $750 in federal income taxes -- far less than many Americans who are working hard amid a deep recession to stay afloat.
Trump took huge deductions -- including $70,000 to take care of his hair -- and also appeared to write off hundreds of thousands of dollars paying his daughter Ivanka as a consultant to the Trump Organization, according to the Times report.
Trump received at least $413 million in today's dollars from his father's real estate empire, starting at the age of 3.
A stunning New York Times exposé of the President's tax returns Sunday revealed a pitifully inept businessman and a serial tax avoider crushed by massive debts that could expose him to conflicts of interest given his position as President and power to help undisclosed lenders.
Trump refused to talk about his tax returns and blasted the Times report as "totally fake news" on Sunday. But the article portrays the anti-elite crusader who rails against a corrupt system as actually using its loopholes to avoid paying any federal taxes at all in 10 of 15 years beginning in 2000 by writing off his own staggering losses.
In 2016 and 2017 each, Trump paid just $750 in federal income taxes -- far less than many Americans who are working hard amid a deep recession to stay afloat.
Trump took huge deductions -- including $70,000 to take care of his hair -- and also appeared to write off hundreds of thousands of dollars paying his daughter Ivanka as a consultant to the Trump Organization, according to the Times report.
Trump received at least $413 million in today's dollars from his father's real estate empire, starting at the age of 3.
Trump refuses to discuss returns after report he paid only $750 in income taxes in 2016 and 2017
USA TODAY Trump dismissed a New York Times investigation into his tax records, which revealed a string of financial losses that helped him avoid paying taxes, and showed the president is beset by hundreds of millions in personal debt that will come due within the next four years. The analysis also found Trump earned millions abroad after he took office, raising questions about whether it conflicts with his role as president.
The president dismissed the story Sunday during a news conference, calling the reporting "totally fake news."
The Times, citing tax return data it obtained spanning two decades, also said Trump paid no income taxes at all in 10 of the previous 15 years, "largely because he reported losing much more money than he made." Those losses enabled Trump to lower his taxable income, or drop it to zero in some years.
(If true, that he lost more than he made, why does he claim to be such an awesome businessman?)
5
Trump refuses to discuss returns after report he paid only $750 in income taxes in 2016 and 2017
USA TODAY Trump dismissed a New York Times investigation into his tax records, which revealed a string of financial losses that helped him avoid paying taxes, and showed the president is beset by hundreds of millions in personal debt that will come due within the next four years. The analysis also found Trump earned millions abroad after he took office, raising questions about whether it conflicts with his role as president.
The president dismissed the story Sunday during a news conference, calling the reporting "totally fake news."
The Times, citing tax return data it obtained spanning two decades, also said Trump paid no income taxes at all in 10 of the previous 15 years, "largely because he reported losing much more money than he made." Those losses enabled Trump to lower his taxable income, or drop it to zero in some years.
(If true, that he lost more than he made, why does he claim to be such an awesome businessman?)
The investigation found that while Trump declared losses, he continued to maintain a luxurious lifestyle by deducting taxes on what could be considered personal expenses, including declaring his estates as investment properties and writing off aircraft travel between his properties as business expenses.
Trump wrote off more than $70,000 for hair-styling services during "The Apprentice."
The president's daughter, Ivanka Trump, also allegedly received "consulting fees" while working as a Trump Organization employee, further helping to reduce the family's tax bill.
5
The investigation found that while Trump declared losses, he continued to maintain a luxurious lifestyle by deducting taxes on what could be considered personal expenses, including declaring his estates as investment properties and writing off aircraft travel between his properties as business expenses.
Trump wrote off more than $70,000 for hair-styling services during "The Apprentice."
The president's daughter, Ivanka Trump, also allegedly received "consulting fees" while working as a Trump Organization employee, further helping to reduce the family's tax bill.
The president's daughter, Ivanka Trump, also allegedly received "consulting fees" while working as a Trump Organization employee, further helping to reduce the family's tax bill.
Trump will have to repay more than $300million in loans, which he has personally guaranteed, within the next four years.
The president said that details about his taxes would "all be revealed," but gave no timeline on when he would disclose his records.
Trump is currently embroiled in a legal battle with New York prosecutors seeking his tax records.
5
Quote Originally Posted by fubah2:
The president's daughter, Ivanka Trump, also allegedly received "consulting fees" while working as a Trump Organization employee, further helping to reduce the family's tax bill.
Trump will have to repay more than $300million in loans, which he has personally guaranteed, within the next four years.
The president said that details about his taxes would "all be revealed," but gave no timeline on when he would disclose his records.
Trump is currently embroiled in a legal battle with New York prosecutors seeking his tax records.
and also appeared to write off hundreds of thousands of dollars paying his daughter Ivanka
as a consultant to the Trump Organization
If Trump "loses the election," former prosecutor Michael Bromwich wrote, "he faces federal and state prosecution for bank fraud, tax fraud, wire fraud, and mail fraud, as does his entire family..." (Twitter)
5
Quote Originally Posted by fubah2:
Tax bombshell reveals Trump's image is a sham
and also appeared to write off hundreds of thousands of dollars paying his daughter Ivanka
as a consultant to the Trump Organization
If Trump "loses the election," former prosecutor Michael Bromwich wrote, "he faces federal and state prosecution for bank fraud, tax fraud, wire fraud, and mail fraud, as does his entire family..." (Twitter)
A stunning New York Times exposé of the President's tax returns Sunday revealed a pitifully inept businessman and a serial tax avoider crushed by massive debts that could expose him to conflicts of interest given his position as President and power to help undisclosed lenders.
Trump refused to talk about his tax returns and blasted the Times report as "totally fake news" on Sunday. But the article portrays the anti-elite crusader who rails against a corrupt system as actually using its loopholes to avoid paying any federal taxes at all in 10 of 15 years beginning in 2000 by writing off his own staggering losses.
In 2016 and 2017 each, Trump paid just $750 in federal income taxes -- far less than many Americans who are working hard amid a deep recession to stay afloat.
Trump took huge deductions -- including $70,000 to take care of his hair -- and also appeared to write off hundreds of thousands of dollars paying his daughter Ivanka as a consultant to the Trump Organization, according to the Times report.
Trump received at least $413 million in today's dollars from his father's real estate empire, starting at the age of 3.
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
4
Quote Originally Posted by fubah2:
Tax bombshell reveals Trump's image is a sham
A stunning New York Times exposé of the President's tax returns Sunday revealed a pitifully inept businessman and a serial tax avoider crushed by massive debts that could expose him to conflicts of interest given his position as President and power to help undisclosed lenders.
Trump refused to talk about his tax returns and blasted the Times report as "totally fake news" on Sunday. But the article portrays the anti-elite crusader who rails against a corrupt system as actually using its loopholes to avoid paying any federal taxes at all in 10 of 15 years beginning in 2000 by writing off his own staggering losses.
In 2016 and 2017 each, Trump paid just $750 in federal income taxes -- far less than many Americans who are working hard amid a deep recession to stay afloat.
Trump took huge deductions -- including $70,000 to take care of his hair -- and also appeared to write off hundreds of thousands of dollars paying his daughter Ivanka as a consultant to the Trump Organization, according to the Times report.
Trump received at least $413 million in today's dollars from his father's real estate empire, starting at the age of 3.
Quote Originally Posted by undefined: The analysis also found Trump earned millions abroad after he took office, raising questions about whether it conflicts with his role as president. after he took office . but he promised he would divest himself of all foreign investments if elected
How about him paying his daughter $1 million salary for a sham "consulting" job for his company? This is definition of corruption, and many federal prosecutions target cases like this.
Ohh but Hunter Biden!!! Too good.
4
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by undefined: The analysis also found Trump earned millions abroad after he took office, raising questions about whether it conflicts with his role as president. after he took office . but he promised he would divest himself of all foreign investments if elected
How about him paying his daughter $1 million salary for a sham "consulting" job for his company? This is definition of corruption, and many federal prosecutions target cases like this.
Quote Originally Posted by fubah2: Trump refuses to discuss returns after report he paid only $750 in income taxes in 2016 and 2017 $750 ??? from a billionaire ??? fraud !
That is fake news.
Trump paid $1 million is 2016 and $4.2 million in 2017.
0
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Trump refuses to discuss returns after report he paid only $750 in income taxes in 2016 and 2017 $750 ??? from a billionaire ??? fraud !
That is fake news.
Trump paid $1 million is 2016 and $4.2 million in 2017.
The president's daughter, Ivanka Trump, also allegedly received "consulting fees" while working as a Trump Organization employee, further helping to reduce the family's tax bill.
so she is a paid employee of the family business and
she also gets hundreds of thousands for consulting fees which rump writes off ?????
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
2
Quote Originally Posted by fubah2:
The president's daughter, Ivanka Trump, also allegedly received "consulting fees" while working as a Trump Organization employee, further helping to reduce the family's tax bill.
so she is a paid employee of the family business and
she also gets hundreds of thousands for consulting fees which rump writes off ?????
This story already was played in 2016. Right before election, trying anything to derail the orange express. Attacking justice Barret's kids who are minors is disgusting. Whats wrong with you people? It is wrong no matter what party.
0
This story already was played in 2016. Right before election, trying anything to derail the orange express. Attacking justice Barret's kids who are minors is disgusting. Whats wrong with you people? It is wrong no matter what party.
Quote Originally Posted by fubah2: The president's daughter, Ivanka Trump, also allegedly received "consulting fees"while working as a Trump Organization employee, further helping to reducethe family's tax bill. so she is a paid employee of the family business and she also gets hundreds of thousands for consulting fees which rump writes off ?????
Apparently yes.
I'll be posting more facts about this trump family tax-avoidance SCAM soon.
3
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: The president's daughter, Ivanka Trump, also allegedly received "consulting fees"while working as a Trump Organization employee, further helping to reducethe family's tax bill. so she is a paid employee of the family business and she also gets hundreds of thousands for consulting fees which rump writes off ?????
Apparently yes.
I'll be posting more facts about this trump family tax-avoidance SCAM soon.
In Trump's world, paying taxes is for suckers and losers
LA Times Editorial Board
From Trump's epic tax avoidance over the last two decades, three main ideas emerge.
First, it confirms what most Americans had suspected when Trump reneged on his campaign promise to conform to modern tradition and release his tax returns: that the records contain, at a minimum, politically embarrassing details, including that he took a $70,000 tax deduction, more than twice the nation’s per capita median income, for hairstyling.
2
In Trump's world, paying taxes is for suckers and losers
LA Times Editorial Board
From Trump's epic tax avoidance over the last two decades, three main ideas emerge.
First, it confirms what most Americans had suspected when Trump reneged on his campaign promise to conform to modern tradition and release his tax returns: that the records contain, at a minimum, politically embarrassing details, including that he took a $70,000 tax deduction, more than twice the nation’s per capita median income, for hairstyling.
Y’all don’t know what yur talking bout. His CPA, who has a fiduciary duty to get him all deductions authorized under the law, reduced his income to zero by taking million dollar credits on some kind of restoration credit. And u lefty’s want to increase the tax rate . Well on 750 in income u think it’s gonna effect Trump. An income tax return shows almost nothing bout any1s solvency. Yet, u cheerleaders and the dishonest NY times, cuz u hate Trump so much insist on claiming it does. Y’all will get the clown elected again ????????????
0
Y’all don’t know what yur talking bout. His CPA, who has a fiduciary duty to get him all deductions authorized under the law, reduced his income to zero by taking million dollar credits on some kind of restoration credit. And u lefty’s want to increase the tax rate . Well on 750 in income u think it’s gonna effect Trump. An income tax return shows almost nothing bout any1s solvency. Yet, u cheerleaders and the dishonest NY times, cuz u hate Trump so much insist on claiming it does. Y’all will get the clown elected again ????????????
In Trump's world, paying taxes is for suckers and losers LA Times Editorial Board From Trump's epic tax avoidance over the last two decades, three main ideas emerge. First, it confirms what most Americans had suspected when Trump reneged on his campaign promise to conform to modern tradition and release his tax returns: that the records contain, at a minimum, politically embarrassing details, including that hetook a $70,000 tax deduction, more than twice the nation’s per capita median income, for hairstyling.
In Trump's world, paying taxes is for suckers and losers
LA Times Editorial Board
Second, it makes plain that Trump’s self-projected aura as a self-made billionaire - too rich to accept campaign donations and thus beyond the reach of lobbyists - was just so much smoke and mirrors.
3
Quote Originally Posted by fubah2:
In Trump's world, paying taxes is for suckers and losers LA Times Editorial Board From Trump's epic tax avoidance over the last two decades, three main ideas emerge. First, it confirms what most Americans had suspected when Trump reneged on his campaign promise to conform to modern tradition and release his tax returns: that the records contain, at a minimum, politically embarrassing details, including that hetook a $70,000 tax deduction, more than twice the nation’s per capita median income, for hairstyling.
In Trump's world, paying taxes is for suckers and losers
LA Times Editorial Board
Second, it makes plain that Trump’s self-projected aura as a self-made billionaire - too rich to accept campaign donations and thus beyond the reach of lobbyists - was just so much smoke and mirrors.
Quote Originally Posted by fubah2: In Trump's world, paying taxes is for suckers and losers LA Times Editorial Board From Trump's epic tax avoidance over the last two decades, three main ideas emerge. First, it confirms what most Americans had suspected when Trump reneged on his campaign promise to conform to modern tradition and release his tax returns: that the records contain, at a minimum, politically embarrassing details, including that hetook a $70,000 tax deduction, more than twice the nation’s per capita median income, for hairstyling. In Trump's world, paying taxes is for suckers and losers LA Times Editorial Board Second, it makes plain that Trump’s self-projected aura as a self-made billionaire - too rich to accept campaign donations and thus beyond the reach of lobbyists - was just so much smoke and mirrors.
In Trump's world, paying taxes is for suckers and losers
LA Times Editorial Board
Third, the most valuable asset in Trump’s spider web of businesses and properties is the creative force in his accounting department that managed to make someone who took in hundreds of millions of dollars in income appear so overwhelmed with expenses and losses that the U.S. taxpayers wound up paying him money — in one instance, a $72-million tax refund.
The Times' reporting, in sum, offers yet more evidence that trump is playing the country, and his supporters, for fools.
2
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: In Trump's world, paying taxes is for suckers and losers LA Times Editorial Board From Trump's epic tax avoidance over the last two decades, three main ideas emerge. First, it confirms what most Americans had suspected when Trump reneged on his campaign promise to conform to modern tradition and release his tax returns: that the records contain, at a minimum, politically embarrassing details, including that hetook a $70,000 tax deduction, more than twice the nation’s per capita median income, for hairstyling. In Trump's world, paying taxes is for suckers and losers LA Times Editorial Board Second, it makes plain that Trump’s self-projected aura as a self-made billionaire - too rich to accept campaign donations and thus beyond the reach of lobbyists - was just so much smoke and mirrors.
In Trump's world, paying taxes is for suckers and losers
LA Times Editorial Board
Third, the most valuable asset in Trump’s spider web of businesses and properties is the creative force in his accounting department that managed to make someone who took in hundreds of millions of dollars in income appear so overwhelmed with expenses and losses that the U.S. taxpayers wound up paying him money — in one instance, a $72-million tax refund.
The Times' reporting, in sum, offers yet more evidence that trump is playing the country, and his supporters, for fools.
In Trump's world, paying taxes is for suckers and losers
LA Times Editorial Board
Instead, Trump has used the presidency to steer business to his hotels, resorts and golf courses, including $1 million in tax dollars for hotel rooms for aides and security teams during his routine visits and weekend rounds of golf at his resorts, while collecting more than $20 million in business from the Republican Party, lobbyists and foreign governments at his properties, including the Trump International hotel just down Pennsylvania Avenue from the White House.
2
In Trump's world, paying taxes is for suckers and losers
LA Times Editorial Board
Instead, Trump has used the presidency to steer business to his hotels, resorts and golf courses, including $1 million in tax dollars for hotel rooms for aides and security teams during his routine visits and weekend rounds of golf at his resorts, while collecting more than $20 million in business from the Republican Party, lobbyists and foreign governments at his properties, including the Trump International hotel just down Pennsylvania Avenue from the White House.
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