Trump’s refusal to say that he’d peacefully transfer power may just be bluster. But there are steps he could take, and Democrats are on the alert.During the first two years of his presidency, Trump relied on business tax credits to reduce his tax obligations.
said $9.7 million worth of business investment credits that were submitted after Trump requested an extension to file his taxes allowed him to reduce his income and pay just $750 in both 2016 and 2017.Trump, starting in 2010, claimed and received an income tax refund that totaled $72.9 million, which the Times said was at the core of an ongoing audit by the IRS. The Times said a ruling against Trump could cost him $100 million or more.
The president could also face mounting financial pressure in the years ahead. The tax records show he’s carrying a total of $421 million in loans and debt that are primarily due within four years. Most of that debt comes from the Trump National Doral golf resort in Florida and the Trump International Hotel in Washington , two properties the Times said are struggling financially.U.S. Rep. Richard E.
“It appears that the president has gamed the tax code to his advantage and used legal fights to delay or avoid paying what he owes,” Neal wrote in a statement. “Now, Donald Trump is the boss of the agency he considers an adversary. It is essential that the IRS’ presidential audit program remain free of interference.”
A lawyer for the Trump Organization, Alan Garten, and a spokesperson for the Trump Organization did not immediately respond to a request for comment from the Associated Press on the report.Advertisement
Really, hadn’t heard that
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Trust the best for your pains and anxiety Wick/kik::::nickscooty Telegram::::nickscotty text/WhatsApp::+1(724)281-3091 Snap::::nickscotty0
And revealing someone’s tax info without them giving permission or knowing is a federal crime.
Trump is a clown and a rogue.
One fishwrapper quoting another.
The real news - EXTREMELY disappointing for The New York Times and the Democrats - is that President Trump has no significant foreign investments. By comparison, do you remember the Clinton Global Initiative?
LOCK HIM UP!
And the other years?
Did he break the law? No. Did he take the proper deductions? Yes Do tax codes allow for people to reduce the amount of taxes needed to be paid? Yes If there's a problem w/ him & millions of others reducing their tax burden by following tax codes start a campaign for 15% flat tax.
SmartPeoplePayTaxes
Taxes pay our : Police Firemen Military Secret Service FBI Senators Congressmen IRS Employees
the poor man ... maybe he doesn't have money to pay so many debts
Fake news! latimes
He’s a business man what do you expect lol! That doesn’t mean I necessarily agree with him but corporations should pay taxes not people.
Charlie Anglin Poem Circa 1963
I pay way more taxes than the 🤡 on the White House. To think his family and cronies can evade millions of taxes like this is nauseating. ‘I’ve done way more for veterans’ my ass. you don’t even pay your fair share of taxes 2 begin with. Vote this MF out on Nov realDonaldTrump
Let’s see the actual return otherwise it’s just fake news lies.
Yes, but nytimes apparently didn’t pay taxes either. 😳Maybe they’re just projecting, which is typical of gaslighting media.
The Mind Boggles. Tax evasion, secret payments,corruption,bribery,deception,lying,international payoffs,illegal consultancy fee payments, laundering money,misappropriation of property valuations, fraudulent illegal depreciation claims, criminal behaviour, outright fraud and POTUS
And?
More worrisome than his tax returns are the MILLIONS that he is in debt!
And I’ll bet he’s mad about spending that much!!
True Patriots right there.
Smart Murtha----ker ! He managed over 500 investment businesses that provided 'Income' for over 50 thousand Americans!
Sounds more like fake news trying to cover up all the shit coming out about the Biden family. coverup FakeNewsMedia
America first? Hahaha
Kinda like warren buffett paying less than his secretary. Legally. Now report on how NYT broke laws exposing Trump's tax returns proving he broke no laws. Then report how career politicians become multi millionaires in office. & Often their family members (ie joe & hunter biden)
Who gives a fuck
Another timed choreographed and executed fake phony and false hit piece by the Democratic Party and their mouthpiece the Lame Stream Media
Losing money like that exposes a person to outside influence, extortion, control.
Strange that the NYTimes cannot prove they actually have Trump’s returns.
What's amazing is that I am certain u know how taxes work. He carry forward losses from 2007-2012. He depreciated his buildings and ran expense thru so paid himself minimally. But why let tax rules get in way of a good story.
realDonaldTrump
allegedly nytimes provided no evidence
FFS I donated more money to StMarysFoodBank and RunStrong4AIY this spring than 'billionaire' Trump paid in federal income taxes in 2016 and 2017 combined.
Professional criminal.
I imagine most people are not surprised by this. I also am not surprised that Trump’s cult members will excuse this or more likely call fake news. But they cannot escape that onee again Trump lies and is desperate to convey a different image.
AKA- He followed the tax laws.
'French king Louise XVI knew the problem only too well. His rentier aristocracy simply refused to pay reasonable taxes. The masses received no bread. The queen told them to eat cake. They rebelled. They executed the royals.'
Where’s the proof!
What is the tax bill for a first year enlisted person in the Army?
If taxes don't matter then why the Revolution?
It's not just trump.
Donald Trump is one of the biggest tax cheats in U.S. history. Pass it on. TrumpsTaxes TaxFraud
Cheater and a CON!ResignNowTrump
Show the Actual documents. If you cannot this is a Fake News Story. And on that topic even if it were true. WHO GIVES A RATS ASS. It Doesnt Matter.
They obtained this information illegally. The NYT is trying to argue that they can print the tax return information of anyone they see fit as news. They didn't even articulate a crime very well ... just that he paid $750 in taxes.
Raise your hand if this doesn’t change your Trump vote 🙋🏻♀️🙋🏻♀️🙋🏻♀️ Also, NYT is fake news
In 1978, my Navy E-5 spouse & I paid 2x more in taxes than trump paid in 2016. To be honest, we did get a refund of $82. wow
That's a lot more than the $0 Amazon paid + other billionaires
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