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

[herring_RN, ASN, BSN]

LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE

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....

https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html 

[toomuchbaloney]

Everyone posting here paid much, much more in taxes than Trump.  I'm guessing that we were all more honest about it too. 

[NRSKarenRN, BSN, RN]

This  Trump tweet from Feb 2016..... only paid $750.00 in federal income tax.... looks like lots of blank paper pilled up as stack sections look too neat like just removed wrap from ream of paper (which I often did loading my departments office Xerox machine).

 

[NRSKarenRN, BSN, RN]

Politicus USA 9/27/2020

Ivanka Trump Could Be Going Down Thanks To Her Dad’s Tax Fraud

Quote

 

Donald Trump’s tax returns show that he paid his daughter Ivanka as a consultant, even though she is a member of the company which is against IRS rules.

Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.

The “consultants” are not identified in the tax records. But evidence of this arrangement was gleaned by comparing the confidential tax records to the financial disclosures Ivanka Trump filed when she joined the White House staff in 2017. Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.

Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father’s business.

Fake consulting deals with members of a company that is also managing the same project are a big red flag to the IRS. Trump hid income by listing his own daughter a consultant on projects that she was managing. In other words, Ivanka Trump and her father were cheating the United States government, and the American people to hide income and avoid paying taxes....

https://www.politicususa.com/2020/09/27/ivanka-trump-tax-fraud.html

 

 

[toomuchbaloney]

Ivanka Trump and her father are still cheating the American government...only now for much, much bigger stakes.

Thank a Trump supporter today. 

[toomuchbaloney]

Trump probably paid less in federal income tax than average middle-class American
By Jeff Stein and Christopher Ingraham

https://www.washingtonpost.com/us-policy/2020/09/28/trump-tax-middle-class/

Quote

Lily Batchelder, a tax expert at New York University, said on Twitter that over 18 years, from 2000 to 2017, Trump paid the taxes of someone who earned roughly an average of $150,000 annually.

“The outrage is that what he paid in federal income tax is right in the middle of American families and is clearly living a lifestyle that is not in the middle of American families. It’s at the very upper echelon,” Tedeschi said. “And that strikes people as unfair.”

The audit rate for low-income taxpayers fell, too, but by not nearly as much. Today, a low-income person claiming the earned income tax credit is more likely to be audited by the IRS than someone making $400,000 a year, according to ProPublica.

Kleptocracy 

[toomuchbaloney]

Trump's debt would prevent him from obtaining security clearance if he were just a normal liar. He would be considered unreliable and easy to manipulate or compromise. A risk. 

[NRSKarenRN, BSN, RN]

Joe Biden's Financial Disclosures & Tax Returns  since 2016 along with Kamala Harris-- both filed jointly with spouse

https://joebiden.com/financial-disclosure/

In 2019

Biden's paid $278,842

Harris and husband paid $ 432,205