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So you are saying Trump pays $450 more a year in taxes than a typical illegal alien.
I have no idea. I just know someone claimed that illegals paid more than $750.
What we "know" is that Trump said he donates his salary, which would seem to actually be true. And we know that Dems wanted him to divest from all his interests. Instead, they're all up in arms over emoluments because he owns something of all the Trump properties.
Quote:
While it’s true that President Donald Trump has donated his salary to different federal agencies throughout his term, he still profits off of real estate and other business dealings. It would be false to say he works for “no money.”
he apparently also gets some royalties from some European "Apprentice" spinoff. That would seem to be actual income, but nobody's privy to the deal.
Anybody that owns investment (read: income-producing) real estate knows that it's great for generating TAX losses (depreciation) while still generating cash flow (income).
To give one brief example, the Doral Resort he bought for $150MM. Whatever value was placed on the hotels themselves, that's depreciated over 28 years. The actual dirt of the golf courses has an undepreciable value, but the "golf course improvements" (ie the grass and the greens and the cart paths, etc) - those are depreciable over 15 years I believe (could be even faster).
So, you'd like to value the land as low as possible, but if you do so fraudulently, then the IRS gets involved. Let's say it was valued like this:
$20MM land
$54MM buildings
$76MM equipment, etc
So, every year you are claiming ~ $7MM in depreciation to offset actual income made. The reason this is - well, you don't just demolish the building after 27 years, but you do need to spend cash to remodel it. You replace hotel beds and furnishings, etc - and depreciation allows a business to accumulate the cash to do this.
Nobody claimed it came from the IRS. There are people in the private sector who would also have had access to his returns.
Then whoever had that info under an agreement of trust and privacy (if they even did) committed the felony. Where the person(s) who stole the info and then gave the stolen info to the NY Times actually worked is irrelevant.
What is relevant is that even if that person was legally allowed to view that information, several very clear and distinct laws made it a felony for them to share that information with anyone without Donald Trump's explicit permission.
An individual citizen of the US has had their individual liberty grossly violated. Period. The violation is, in point of fact, a felony violation of several federal laws. The NY Times, in publishing said illegally obtained information, is guilty of several felonies under federal law as well.
That nobody but a handful of people recognize this saddens and repulses me.
If only there were documents Trump could release that would clear up this confusion.
Again, the financial disclosure that Trump had to give to run for President is MUCH more revealing than any tax return, but you don't know much about it, do you? Just all hate Trump, all the time.
With $400 million in debt- he wouldn’t even be given the lowest government security clearance because that amount is considered problematic and open for bribery/treason. He’s a huge national security threat. On this alone he should be ineligible for holding any position
I've heard this from more than one security clearance expert ....hmmmmm
Again, the financial disclosure that Trump had to give to run for President is MUCH more revealing than any tax return, but you don't know much about it, do you? Just all hate Trump, all the time.
I hate liars, cheaters, swindlers, grifters, criminals, traitors, ...
No. His financial disclosure forms were not more revealing. That's why all the fuss today.
I also don't care much for morons and fools.
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I see.
Lock him up
