“Donald Trump paid no federal income taxes whatsoever in 10 out of 15 years beginning in 2000 because he reported losing significantly more than he made, according to an explosive report released Sunday by the New York Times.
“The President paid just $750 in federal income taxes in both the year he won the presidency and his first year in the White House, according to more than two decades of his tax information obtained by The Times.”
” … Trump denied the New York Times story and … added that he is willing to release his tax returns once he is no longer under audit by the Internal Revenue Service, which he said ‘treats me badly.'” Wait, what? His political hacks run the IRS. Read story here.
CNN commented (here): “It was the moment when Donald Trump’s ‘Art of the Deal’ fabulism, billionaire tycoon bluster and populist standard-bearing for forgotten Americans was revealed to be what it always looked like: a sham. [The] … President’s tax returns … revealed a pitifully inept businessman and a serial tax avoider crushed by massive debts that could expose him to conflicts of interest given his … power to help undisclosed lenders.”* (It’s no secret his lenders are Russian friends of Putin.)
So my question is, when will Trump’s supporters realize they’ve been had by a fraud and liar, who’s compromising our national interests to protect his personal business interests?
Photo: The most honest depiction of Cheeseburger Gut’s golf game that you’ll ever see.
A lot of multi millionaires and billionaires oddly either pay very little tax or show losses although they clearly had income. It is all rather odd how it turns out. There seem to be a lot of inept business types in this country. Not much the IRS can do if their accountant can make it appear they had significant losses. As it is a billionaire cannot be forced to make money and have income. They do not have to work, and have many lifetimes worth of wealth, and one can only own so many yachts. Not many are going to go out as Carnaghy did or even as todays Bill Gates, though his kids are certainly well off and will be a bit more well off at his passing. Bill Gates of late likely is not paying much in to the IRS coffers as income tax.
You miss the point. His public image as a successful businessman is a sham and a lie. His businesses lose money, he doesn’t earn enough to pay taxes, and he’s deeply in debt. He’s a fraud.