General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWould tax records show Trump payments to other children?
Could that be another reason to hide them.
And if so, that would be a great rumor to put out there.
Crutchez_CuiBono
(7,725 posts)for tax purposes in that ive never had to pay either. But taxes will show a lot. For sure.
Wounded Bear
(58,706 posts)Lee-Lee
(6,324 posts)Merlot
(9,696 posts)any other children is small potatoes, and btw, not illegal.
Lee-Lee
(6,324 posts)Its not tax deductible by the person paying nor does the person receiving have to declare it as income.
edhopper
(33,615 posts)to declare such a child as a dependent.
Lee-Lee
(6,324 posts)At his income level adding a dependent wouldnt make one bit of difference on his tax liabilities. A dependent makes a huge different for that single mom making 30,000. It makes zero difference for someone at his level.
And since people of his income level get audited for most returns as a mater of course something as glaring as declaring a dependent that doesnt live with them would be something that would be caught quickly.
There would be no benefit at all, so I cant inagine why he would do it or why his accounts would bother. Especially since its something he wants hidden.
mopinko
(70,213 posts)it would be chump change. i am not sure about this, someone else may know current/recent law, but a lot of deductions get zeroed out at higher incomes. not sure about child deductions.