that President Trump paid just $750 in federal income taxes in both 2016 and 2017, and no income taxes in 10 of the preceding 15 years.Buffett during a presidential debate with Hillary Clinton in October 2016, claiming the billionaire investor and Berkshire Hathaway CEO had carried forward past business losses to lower his federal income tax bill, just as Trump had done in the mid-1990s.
The Berkshire boss also disclosed $5.5 million in deductions, with all but $36,000 of that sum reflecting charitable contributions and state income taxes, he added. He said his previous tax returns showed a similar pattern. "I have paid federal income tax every year since 1944, when I was 13," Buffett said."I have copies of all 72 of my returns and none uses a carryforward."JPMORGAN: The best defenses against stock-market crashes are delivering their weakest results in a decade. Here are 3 ways to adjust your portfolio for this predicament
Meanwhile, Trump paid federal income taxes for the first time in four years in 2015, to the tune of $642,000, the New York Times reported this week. He exhausted the $916 million operating loss he declared in 1995 by 2005, the newspaper said. The New York Times report revealed that Trump remains locked in battle with the IRS over a $73 million tax refund he claimed and received starting in 2010. It also highlighted Trump's history of deducting such things as hair stylists, table linens, and property taxes on a family estate as business expenses.
Yea it’s a horrible lying sack
Oh he picked the wrong tree to go barking up 😂😂 what moron calls out Warren Buffett on taxes of all things? Warren has been paying taxes since he was a Teenager long before Trump knew what taxes were.
So Trump was right again! 🤘🏻😂🤘🏻
Is this Business News? How should I invest?
Every taxpayers want to pay $750 only. He found a legal way to do it under the Obama/Biden 8 years, good for him. Questions are why VP Biden did not do anything to stop that?
Trump would not be only person in USA to not pay tax , there is a list of over 216,000 names in the Panama Papers .
also a snitch? nice...
'Is this tyrannical thinking to demonize those who have prospered in their field of care. As President I implore that such energies are diverted towards continued education,' President Cupples of the Cupples-Trump Administration.
Trump is such a confused little man
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