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Seth Meyers dismantles Trump's claim that paying no tax makes him 'smart'

Seth Meyers dismantles Trump's claim that paying no tax makes him 'smart'

9/29/2020 9:43:00 AM

Seth Meyers dismantles Trump's claim that paying no tax makes him 'smart'

'There are plenty of smart people who pay their taxes in full every year.'

Caitlin Welsh2020-09-28 23:42:16 -0700"So now we know why Trump's so desperate to stay in the White House," joked Seth Meyers on Monday night."He needs the free housing. He needs a place to crash. He's your deadbeat friend who refused to get a job because he's still working on his idea for an app that tells you which Chipotle locations have the hottest cashiers."

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Meyers took A Closer Look at the weekend's big news on Monday, namely the first of severalreportson nearly two decades' worth of President Trump's tax documents. Revelations included that Trump effectively paid zero income tax for 11 out of 18 years thanks to massive losses on several of his many businesses, and paid just $750 in each of his first two years in the White House. If that wasn't enough, Trump also scooped a massive tax refund of over $72 million back out of government coffers in the last 10 years. (The refund is currently subject to a

decade-long audit by the IRS.)"And we know Trump is already under investigation by both the Manhattan DA and the New York State Attorney General, with the DA's office evensuggesting Trump could be indicted for tax fraud," noted Meyers."But to my mind, what's legal is just as much of a scandal here: Trump took advantage of a labyrinthine tax system designed to protect his wealth and shield him from consequences. In fact, he and his allies have long argued that rather than be ashamed of this behavior, he should be proud of it."

In Trumper circles, the reaction has largely mirrored, when she pointed out already public records showed he paid zero tax:"That makes me smart.""It doesn't make you smart," Meyers said bluntly, after playing that clip."It makes you

powerful. There are plenty of smart people who pay their taxes in full every year because they don't have the armies of accountants and vampire lawyers that rich people like Trump or companies like Amazon have."Regular Americans can't get away with this stuff because the law or the IRS would come down hard on them. A

ProPublica investigation foundthat the five counties with the highest audit rates are all predominantly African American rural counties in the Deep South. Meanwhile, the Trumps and Amazons of the world skate by without any consequences and that's because the system is rigged to protect them."

SEE ALSO:Not for the first time, Meyers pointed out that while Trump himself is certainly a problem, he isn'ttheproblem.The extra scrutiny that's rightly applied to a president who happens to be a gold-plated huckster also lays bare exactly how rigged that system is.

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"Trump is not unique," theLate Nighthost concluded."He's the product and enabler of a corrupt system that shields the wealthiest and most powerful in our society while crushing everyone else. Ninety-one companies paid no federal taxes in 2018 — companies like Amazon, Chevron, or Starbucks. Meanwhile, tens of millions of Americans are out of work facing eviction, struggling to afford health care and waiting in line at food banks.

Read more: Mashable »

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Change the code then! MASHABLE SUCKS!! Your bias is repulsive! Oh my goodness! “the five counties with the highest audit rates are all predominantly African American rural counties in the Deep South”. I should not find this surprising but somehow I do. By smart he means taking advantage of legal deductions available to business owners. Seth, I am sure you know Trump pays many millions in state and local taxes, business and employee taxes and sales taxes and fees. Educated Americans know these things.

As if ONE rich guy did...🙄 POTUS realDonaldTrump ICYMI Come again. Damn, that makes people smart?! I thought it made them criminals! Change the tax code then Who?

‘Late Night With Seth Meyers’ Slams Trump’s Scant $750 Tax Payment: “It’s So Brazen”Details of President Donald Trump’s tax records made news Sunday when a New York Times report revealed that the former reality television star only paid $750 in taxes for 2016, 2017. Like man…

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‘Late Night With Seth Meyers’ Slams Trump’s Scant $750 Tax Payment: “It’s So Brazen”Details of President Donald Trump’s tax records made news Sunday when a New York Times report revealed that the former reality television star only paid $750 in taxes for 2016, 2017. Like man…

Trump claims, without offering proof, he has 'very little debt' after NYT reports he owes hundreds of millionsPresident Donald Trump claimed he had paid 'many millions of dollars in taxes' after a bombshell report in The New York Times revealed he had paid effectively no income taxes for more than a decade. There’s LITERALLY proof in the original article. How are you guys this bad at your jobs? What do you expect from a serial liar and con artist? Same guy who said he’d release his tax returns and never did (now we see why, something anyone could have predicted). This man isn’t fit to hold any public office & never has been. And your point is? I paid hundreds in taxes. Do I need to prove it? Nope!

Report: Trump Only Paid $750 In Taxes For 2016 And 2017For years, Trump paid no income taxes at all, the report says. What an incompetent business person And a crook No income Just using the legal loopholes that dc swamp rats like joe Biden have created for their special interest donors. 🤣 another nothing 🍔!!🤣🤦‍♂️🤡🥴🙆‍♂️