Assuming the report is accurate, what laws did he break?
If he claimed losses to reduce his income tax down to 750 or zero, he could not have filed for loans to the tune of 300 million dollars. That is either tax fraud, or bank fraud, either is a federal crime.
And is ANYONE surprised by this "news" ???
As a neutral (ie NOT American) I have to say the Rest of the World looks on and giggles.. You got what you voted for... an Idiot as a President... He's not making the US look like Leader of the Free World.... Sooner ANYONE (any party) replaces him the better for both US and ROW.
If the Trump Tax story is false, then you're all a bunch of lying dog-faced pony soldiers.
If the Trump Tax story is true, we should all do the same.
Want to see just how tiny Trump’s $750 tax payment really is? Watch this video. pic.twitter.com/mvKlF4r3TR
— Mother Jones (@MotherJones) September 29, 2020
using over $9 million in federal tax credits earned for historic preservation / urban renewal construction projects.
"He paid millions when he actually only owed $750" doesn't have the same ring to it, does it? You have to pick a spicy tidbit for the headline, otherwise your yellow journalism isn't very attractive.So Mother Jones is a liar (no shocker there) and unless you want to edit that for us, you are too. It was explained on the previous page, using language directly from the NYT source article, that Trump actually paid $5.2 million up front in 2016 and 2017 when requesting an extension to file, and then when he did actually file he covered his entire tax liability (except for $750) using over $9 million in federal tax credits earned for historic preservation / urban renewal construction projects. The $5.2 million didn't need to be touched, so it was rolled forward for taxes he will owe in the future. That's money he actually has "on account" at the IRS right now. His accountants worked his taxes for 2016 and 2017 to leave a $750 amount of tax he would pay. Don't ask me why, it's for some reasons accountants would know. But he paid millions. Not $750. You're spreading a lie. Which makes you, what?
Short summery:I don't know whether Trump is just disastrously terrible at making money or whether he is a tax cheat (and it looks like both are true).
No step on de snek, no taxation without a Papa John's for all at the end of the tax year, I can roll with that. I too am saddened that Donald Trump paid $750 too much in the egregious, offensive and nonsensical income tax.Taxation is theft. He avoided taxes? Good.
Oh no, the person screaming liar, seems to have spread something akin to a lie as well.
Taxation is theft. He avoided taxes? Good.
He either avoided taxes by being a bad businessman, or he wasn't a bad businessman and evaded taxes. Take your pick.Yes. Tax avoidance - good. Tax evasion - bad.
He either avoided taxes by being a bad businessman, or he wasn't a bad businessman and evaded taxes. Take your pick.