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| Digging for taxpayer gold |
Mod: I guess that is why Trump never released his taxes. He didn't pay any. And as far as leaving the presidency, he can't afford it. As one observer quipped, "I think we are his GoFundMe."
He paid more in hush money for affairs than in taxes: Trump blasted for cheating the IRS for decades (
Raw Story link):
President Donald Trump was revealed as a tax fraud in a
New York Times report Sunday evening. The report detailed the two years that
Trump paid taxes; he only paid $750 each year. The self-described billionaire shows that he has nearly $500 million in debt.
Trump has built his career on the idea that he is one of the country’s best businessmen. He even founded the show “
The Apprentice” to promote his business expertise and pick the next big business expert.
The Times reported
Trump has earned more money by pretending to be a businessman than he has made actually developing business. Ironically,
Trump attacked former
President Barack Obama for only paying 20% in taxes in 2012.
Trump paid far less.
In 2016,
Trump campaigned on the idea that a businessman in the
White House was what
America needed to rebuild an economy that former
President Barack Obama had already rescued from what was, at the time, the worst economic crisis since the
Great Depression. That crisis has since been revealed by the high unemployment due to
Trump’s failure to handle the coronavirus pandemic.
Trump was mocked and attacked for stealing from the
American taxpayer with millions in refunds, hefty hair-do fees,
Ivanka Trump’s makeup costs, paying off affairs and sexual harassment allegations and so many more scams.
Trump’s supporters tried to claim that it was an example of the president’s “genius.”
Trump has been writing off money he gave to Ivanka by calling her a ‘contractor’ (
Raw Storylink):
President Donald Trump’s taxes are being reported by the
New York Times revealing ways in which his daughter
Ivanka has been getting millions from her father and avoiding paying the proper amount of tax on it.
The report detailed that
Trump has tried to write-off things like family vacations while claiming to be a billionaire with nearly half a billion dollars in debt.
Gift taxes are when a living person gives over $15,000 to a person, and
Trump has given
Ivanka much more than that. But to get around it, he calls his money to her “contractor fees,” which she declares as “income.” She’s also had nearly $100,000 in fees for her hair and makeup paid by the president for years.
“
Mr. Trump has written off as business expenses costs — including fuel and meals — associated with his aircraft, used to shuttle him among his various homes and properties,” said the
Times.
“Likewise, the cost of haircuts, including the more than $70,000 paid to style his hair during ‘
The Apprentice.’ Together, nine
Trump entities have written off at least $95,464 paid to a favorite hair and makeup artist of
Ivanka Trump.”
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