NYT: Trump paid no income taxes in 10 of past 15 years

Can you sum up that rant and tell us what law was broken? Lots of businesses employ family, and anybody with a brain will try to legally avoid taxes. Another nothing burger.

 

A tax loophole is that the other guy uses, tax reform benefits me.

 

A good CPA pay's for itself.

 

Where did he claim that it was fake?
As far as I remember he did accept that tax return as his.

 

Wouldn't be surprising if he ends up under investigation in the UK and Ireland too. His OGE financial disclosure figures for his golf properties there don't jive with the numbers he filed with HMRC (their IRS) - available for all to see online at Companies House. For instance, for 2018:

Trump Turnberry income
Financial disclosure = $23,446,634. HMRC = loss of £10,775,000 ($13,844,000) - about a $37 million difference.

Trump Aberdeen income
Financial disclosure = $3,543,487. HMRC = loss of £1,072,831 ($1,378,400) - about a $5 million difference.

Politico has a complete run down, here, passed on to Vance. As if Vance isn't busy enough.
https://www.politico.com/f/?id=00000173-da79-dd55-abfb-fef968100000

So, again, an interesting choice. Is he diddling the US or the UK/Ireland? Got to be one or the other.

 

They seem to be making up a lot of things lately. Like The Atlantic...

 

A poor person robbing you at gunpoint is theft because of laws.
Taxes are legal because of laws.
If you want to change the law go right ahead.

 

A report from an anonymous website?

 

Why are you laughing? Trump can have no other income than from Trump Enterprises?

 

Except the income he claims, came from the trump org. Because he didn’t divest.

 

Yes. But this process doesn't go on forever. After more than 10 years, with 564 businesses, something - even just one of them - ought to be doing well enough to have a tax liability exceeding $750, even after all the tax dodges, even by sheer luck, if not competence.

So again, he's a complete failure or a complete fraud.

 

Have any proof of that?

 

Actually that's up for debate, clearly. The IRS is investigating. Vance is investigating.

No of course not. Who does. But I also don't claim to be a successful businessman when my taxes show otherwise.

 

Way more than 2 or 3 pages, and who says they don't have tax experts looking at it? Why wouldn't they?

SNIPS From the article:

"The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office....

The Times examined and analyzed the data from thousands of individual and business tax returns for 2000 through 2017, along with additional tax information from other years. The trove included years of employee compensation information and records of cash payments between the president and his businesses, as well as information about ongoing federal audits of his taxes.....​

 

Yah his 2018 disclosure.
CNN)President Donald Trump reported income of at least $434 million in 2018, according to his annual financial disclosurereleased Thursday by the White House.

That includes $40.8 million in revenue from his Trump International Hotel in Washington, DC, just blocks from the White House.

Trump reported that his Mar-a-Lago resort in Florida generated $22.7 million, a slight drop from the $25.1 million he disclosed for 2017.

 

I never said that it was only 1 year.

You said 'yet trump isn't one of those rich guys who pays'. I was merely proving you wrong.

 

Remember That Trump Is Not Just Running for Re-Election. He Is Running to Stay Out of Jail.

 

When deductions exceed income, this happens.
For everyone.

 

I do want to change the law. Yes, I do. Any idea on how I (or you) could do that? No? Me either. That's why taxation is theft. How much power do we have to change the laws when the people who getting rich by stealing our money are writing the laws?

 

delete duplicate

 

Have you ever paid $1 million for a year of taxes? How about $4.2 million?

 

What if we let investigators and lawsuits actually finish for a change instead of publishing a "jump to conclusions" article while investigations are happening?

I know the answer to that. Hopefully you do too.

 

No, some people would have still demanded more. You do realize that the actual tax returns have not been put out there by the NYT. They are telling you information of dubious origin. Nothing more.

 

At least not by the IRS, lol.

 

I know.

The problem here is that the IRS believes Trump tried to defraud them.

That's why he is being asked to refund the $73 million tax return he received before he ran for President.

If he loses, he will have to pay an additional $27 million in penalties and possibly a short stay in jail....

Trump is on the verge of bankruptcy.

For years.

And he tries to circumvent the tax laws of the country he runs.

That's why he went all the way to the Supreme Court to prevent voters from knowing his true financial situation.

Because, as always, there is a huge difference between what he says and the reality.