Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance

J

jacksonsprat22

Verified User
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
 
In 2018, for example, Mr. Trump announced in his disclosure that he had made at least $434.9 million. The tax records deliver a very different portrait of his bottom line: $47.4 million in losses.
 
Sailor said:
Not just rich people. Tax avoidance is not tax evasion. Good call. It is every citizens duty to avoid as many taxes as possible.
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:) Yes. If only the Worker Drones could participate in writing the Tax Code instead of Lobbyists of the Elite. Yes. Writing the Tax Code, with all the 'fine print', is a bonanza. Well, a bonanza for the Elite.
 
"Mr. Trump’s elaborate dance and defiance have only stoked suspicion about what secrets might lie hidden in his taxes. Is there a financial clue to his deference to Russia and its president, Vladimir V. Putin? Did he write off as a business expense the hush-money payment to the pornographic film star Stormy Daniels in the days before the 2016 election? Did a covert source of money feed his frenzy of acquisition that began in the mid-2000s?"
 
jacksonsprat22 said:
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
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Bankruptcy is Trump's forte.
 
Jack said:
:) Yes. If only the Worker Drones could participate in writing the Tax Code instead of Lobbyists of the Elite. Yes. Writing the Tax Code, with all the 'fine print', is a bonanza. Well, a bonanza for the Elite.
Click to expand...

That would be nice.
 
jacksonsprat22 said:
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
Click to expand...

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