A new New York Times articles on Trump’s tax returns yesterday revealed a serial tax avoider crushed by massive debts.
Trump, of course, blasted the Times report as “totally fake news” on Sunday. But it reveals Trump avoiding paying any federal taxes at all in 10 of 15 years beginning in 2000 by writing off his own HUGE losses.
In 2016 and 2017 each, Trump paid just $750 in federal income taxes. Trump took huge deductions — including $70,000 for hair care — and also appeared to write off hundreds of thousands of dollars paying his daughter Ivanka as a consultant to the Trump Organization.
Former Ohio Gov. John Kasich, said,
“I’m telling you there are people out there, and I know, I come from blue collar, hard-working, these folks are scraping to make a living and they’re going to wake up and find this incredible mogul paid $750
I don’t care what his excuses are. It doesn’t pass the smell test. It’s not going to disrupt those people who were for him totally. It’s those people on the fence,”
Within hours of the report’s publication, the Biden campaign had already put vinyl stickers up for sale on its website,
“I paid more income taxes than Donald Trump.”
His personal debts also underscore a long-time fear about his administration — that he is managing US diplomacy in order to prioritize his own personal and financial goals rather than the wider national interests.
Trump gets millions of dollars in income from countries like Turkey and the Philippines that are led by autocrats whom he has praised but who infringe traditional US values like human rights.
And Trump has paid little federal tax to the Treasury, paying more in taxes to foreign powers, including $145,400 to India and $156,824 to the Philippines in 2017.
LOSER or LIAR: As a legislator, lawyer, and taxpayer let me make this clear: @realDonaldTrump is committing massive fraud and stealing America’s tax dollars, or is among the most failed businessmen in contemporary American history and lied to pay less than you. #ThatsIt pic.twitter.com/Q6gIlxbtmS— Brian Sims (@BrianSimsPA) September 28, 2020
(Photo, YouTube, Twitter; via CNN)