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And the odds of him owing exactly $750 two years in a row?
Sounds like somebody made up a return and sold it to New York Times or NYT is lying again.
Or they are looking only at a small corporation with limited activity.
Trump could easily clear this up by releasing his returns just like ever previous president or presidential candidate has done for decades. Bidens returns for the last 21 years are public.
Trump declared "at least" $434 million in "revenue" NOT "earnings as you falsely say.
Revenue is cash brought in before you consider expenses like paying employees, paying local property taxes, and other expenses.
So if he claimed $434 million in revenue, it is possible to have a net loss of $47 million, especially with depreciation.
P.S. Even the NY Times estimates that he has "substantial" assets and if his revenue really is $434 million, he has close to at least $1.5 billion in value for his companies. Therefore, $0.421 billion of debt, actually isn't that bad. He'd have a net asset of about a billion bucks if he sold all his companies and paid off all of the loans that the NY Times reported. Gee. He is struggling. Not quite the 8 to 10 billion Trump claims, but if the NY Times is correct, he is a legit billionaire in total assets.
Trump could easily clear this up by releasing his returns just like ever previous president or presidential candidate has done for decades. Bidens returns for the last 21 years are public.
And the left would never believe it. Republicans are not as stupid as you Democrats appear to be.
Multiple Donald Trump tax deductions and expenses are fishy as hell. I am all for efficient government. I am also for people (regardless of their political affiliation) who are financially responsible to run this country to get us back in black.
Any Conservative on here (or out in public) who claims they are all for non bloated efficient tax payer funded government, but then says they are ok with these types of deductions / expenses, I question their honesty.
Any conservative who would blast a Democrat President for these same types of expenses and financial irresponsibility but support a Conservative President doing it would reek of hypocrisy.
Any Conservative who can not see how owing so much money in debt (some to foreign entities) is not a cause for concern for coercion, I question their objectivity.
$750
Federal tax Trump paid in 2016, when he won the presidency.
$750
Federal tax Trump paid the following year.
Zero
Federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.
$100,000 a year
By comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush
$70,000
Paid to style Trump’s hair for television, claimed as expenses.
$95,464
The total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.
$210,000
The amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club.
$26m
“Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump.
$434m
What Trump declared his earnings to be in the 2018 presidential public annual financial disclosure.
$47.4m in losses
What he had declared to the Internal Revenue Service (IRS) for tax purposes over the same period.
$421m
Outstanding loans that Trump owes, most of which becomes due within the next four years.
$73m
Revenue generated from outside the US, presenting a potential conflict of interest with US foreign policy.
$13m
Earned in one licensing deal for Trump Towers in Istanbul, including $1m since he became president.
$72.9m
The tax refund Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal tax he had paid between 2005 and 2008.
$1.4m
The annual average amount of federal tax paid by Trump between 2000 and 2017. It compares with the $25m in federal income taxes the average American with similar declared earnings could expect to pay.
$100m
The amount Trump could now have to pay back to the IRS, including penalties, if it finds against him in the audit.
$315m
The sum reported “lost” by Trump’s golf courses since 2000.
‘Tens of millions of dollars’
What Alan Garten, a lawyer for the Trump Organization, claims the president has paid in personal taxes since 2015.
More than 500
The number of individual companies, many bearing the Trump name, that make up the nebulous corporate network generally referred to as the Trump Organization.
Bottom line is if it's allowed by law, he did nothing wrong and would be an IDIOT for not taking advantage of the tax breaks. Contrast that with a guy like Al Sharpton who literally owes millions.
If you have a problem with what he paid or didn't pay - and no one has suggested that what he did was in any way illegal - take it up with your Congressman/person/they/them.
I agree.
however, some of those line items seem highly suspect. a normal person would've been audited for many of those "expenses".
And almost none of this stuff would actually be on any tax return.
That tells you its a lie.
Even the Fake News York Times tells you they lied. They say Trump paid $1 million in 2016 and $4.2 million in 2017 in their article, but then try to claim he paid $750. It sounds like they are too stupid to read a tax return and the $750 was the amount paid when filing while millions were paid in estimated taxes during the year.
OP has personal and business mixed in over a decade as if it's one return.
I don't think OP understands taxes. Probably isn't old enough to have ever paid any.
The $750 was not in addition to what he had already paid.
And what line item is "Ivanka's hair" on those 9 companies' returns? Right below the line for "other income from Russian bribes?"
For anybody to believe this stuff is actually in a return, you must have never even seen a business return before.
They are playing on the really ignorant. Its obvious fiction. Anybody who repeats this stuff makes themselves look really ridiculous and gullible.
TDS is a terrible disease. It makes people, well, as stupid as Joe Biden.
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