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Showing Original Post only (View all)Breaking: NYTimes has gotten ahold of Trump's tax returns. [View all]
And they're as bad as we thought.
No wonder he's been fighting so hard
Trumps Taxes Show Chronic Losses and Years of Income Tax Avoidance https://nyti.ms/3jmgeBf
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.
As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.
The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.
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.
As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.
The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.
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They had his returns from when he filed them. Totally different than the investigative division
napi21
Sep 2020
#115
Hold on a minute. He has done what so many wanted done. He has run the country like his business.
jaxexpat
Sep 2020
#111
Me too, Chaz! On social security, and I paid more in taxes than trump did some years.
BComplex
Sep 2020
#132
All that NYT fake news, the ass will say. Can't wait to hear his demented and lame
RKP5637
Sep 2020
#101
This election will be a total limp for Mr. Trump...and wonderful election that we will all love to
Stuart G
Sep 2020
#169
And we know none of this matches up with his banking and insurance documents
StarfishSaver
Sep 2020
#26
He loses all this money and has to declare bankruptcy, yet pays cash for Scottish property.
cayugafalls
Sep 2020
#49
Isn't this GREAT? THIS is what Americans have been waiting for!...Ya hoooooo......
Illumination
Sep 2020
#50
To the Trump voter this shows that he is a great businessman, making millions and paying no taxes.
Pepsidog
Sep 2020
#56
You don't have to be a great businessman to not pay taxes because you're too broke
StarfishSaver
Sep 2020
#83
My 23 year older son liked Trump, my 3 other adult kids hate him. My neighbor who is a neurosurgeon
Pepsidog
Sep 2020
#113
Let's hope we never hear from them again. They say cult members snap back pretty quickly once they
Pepsidog
Sep 2020
#174
Does Malignia know? May be too late to get a "clean" share of the money. Ha-ha on her.
NCjack
Sep 2020
#60
It doesn't take financial geniuses to reduce your taxes to $1,000 if you lose a BILLION DOLLARS
StarfishSaver
Sep 2020
#77
He and most of his children are going to jail once he is out of office and he is desperate.
Boogiemack
Sep 2020
#152
That cracking sound you hear outside is of the fence breaking and landing smack in our yard.
mtnsnake
Sep 2020
#173
Stormy Daniels for the head of the IRS,as she is far more successful at getting Trump to pay up !
OnDoutside
Sep 2020
#192