NYT Digs up 20+ Years of Tax Dirt on Trump (Obama, party, elect)

[Volobjectitarian]

If the NYTimes has any of Trump's 1040 or other tax return information, and he didn't authorize that release of that information, then whoever secured that info, whoever transferred that info and whoever received that info are all in glaring violation of several federal laws, at the felony level.

That's a fact, and one Trump's attorneys will make as painful as they can.

[Oklazona Bound]

Originally Posted by sindey

Biden said he will show his taxes if elected. We will see. Trump may have started a precedent by withholding his from the public.

I believe that is what Trump said because Biden released his tax returns in July 2019:

https://www.cnbc.com/2019/07/09/joe-...c-primary.html

[2sleepy]

and in three...two...one... a chorus of cries: "that just shows how smart he is"

[Colorado Rambler]

I see that there are now two other threads about this same story. Hopefully a mod will come along and put them all in one thread in order to prevent confusion.

[take57]

Hard to pay for top fight legal council he's going to need should he not be re-elected. Ah, who knows, maybe Barr and whatever firm he lands with after getting tossed out as AG will take him on as a pro bono charity case. Cohen lost his license so he won't be getting that band back together.

Makes those stories that he'll resign early for a Pence pardon or just flee to Russia if/when the campaign tanks not sound so crazy after all.

[jojajn]

The Times obtained Donald Trump’s tax information extending over more than two decades.

These records reveal 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.

Those public filings offer a distorted picture of his financial state, since they simply report revenue, not profit. 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.

https://www.nytimes.com/interactive/...rvHtwFZKxxOzDU

[beach43ofus]

86% of Americans distrust the mainstream news media...like the New York Times.

Fake news like this is why.

And, hypothetically, what if Trump paid 0$ in taxes, but broke no laws according to the IRS...then so what?

If a person legally pays 0$ in taxes, its a non-story. If you don't like it, change the tax code.

[Gemdiver]

Originally Posted by leastwanted

When I was a graduate student (and worked half-time), I paid more taxes than Trump!

The problem for you is that you didn’t have money to spend on a CPA to avoid paying taxes.

[2sleepy]

According to the NYT one of his itemized expenses was $70,000 for hair styling during the apprentice.

[Mtnluver8956]

Originally Posted by oklazona bound

here is a link without a paywall:


Trump ‘tax bombshell’ trump ‘paid just $750 in federal income taxes the first year he was in the white house,’ tax papers reportedly show

https://www.the-sun.com/news/1543064...ederal-income/

that's because he donated his salary! Duhhhh