Trump once revealed his income tax returns. They showed he didn’t pay a cent.
Source: Washington Post
The last time information from Donald Trumps income-tax returns was made public, the bottom line was striking: He had paid the federal government $0 in income taxes.
The disclosure, in a 1981 report by New Jersey gambling regulators, revealed that the wealthy Manhattan investor had for at least two years in the late 1970s taken advantage of a tax-code provision popular with developers that allowed him to report negative income.
Today, as the presumptive Republican presidential nominee, Trump regularly denounces corporate executives for using loopholes and false deductions to get away with murder when it comes to avoiding taxes.
They make a fortune. They pay no tax, Trump said last year on CBS. Its ridiculous, okay?
Read more: https://www.washingtonpost.com/politics/trumps-income-tax-returns-once-became-public-they-showed-he-didnt-pay-a-cent/2016/05/20/ffa2f63c-1b7c-11e6-b6e0-c53b7ef63b45_story.html
PearliePoo2
(7,768 posts)Some of them are very, very good!
Donald, you're NOT going to like reading the majority of them. They're out for your hide, pal.
Some excerpts:
"TRUMP PAYS NO TAXES--yet he talks about building expensive walls and an even more expensive military, paid for by others, with not a cent of the money contributed by him. How can we allow this fraud to keep trying to fool America? he doesn't even want to contribute to the public cause. He talks about America's roads and bridges and airports in a state of disgrace but is not interested in contributing to making them better. He says he is $10 billion dollar rich; but pays not a cent in taxes. Amazing. Even more amazing: the media is not focusing on this but instead treating him as a celebrity.
Trump behaves like a king. He accuses other of the very thing he does so frivolously--like infidelity, tax-dodging, lies, etc, etc, and the media laps it all up and give him a back to back coverage while ignoring other competitors."
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"So the candidate who wants to "make America great again" pays nothing to contribute to the common good. I'm reminded of the stark contrast between him and my elderly relatives on fixed incomes, all lifelong Democrats, who consider paying taxes patriotic.
Some talk while others actually live their values."
PearliePoo2
(7,768 posts)Oh, oh Donald...it's going viral now. A Google search has 230 articles that show up now.
More comments:
"SCOTUS Justice Oliver Wendell Homes, Jr. famously observed in 1904 that "taxes are the price we pay for a civilized society." This article clearly articulates the value Mr. Trump places on the society he seeks to lead."
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"Trump pays less taxes than the people he wants to deport"
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dembotoz
(16,808 posts)he pays some very good tax folks some very real money and they are good at what they do.
wasn't it warren buffet who is famous for having a lower tax rate than his secretary?
the donald has had some real big time business flops and in those years for tax purposes... yeah maybe no tax.
this does not mean i made more than he did...not in a hundred million years...but i could see...no taxes
AntiBank
(1,339 posts)Trumps "female issues"? He goes right after Bill on all his past. "Taxes? Income? He will tear into the Clintons on their millions made via speeaches to banks and other scum, plus that old Hillary cattle futures controversy. The hits will just keep coming.
Staph
(6,251 posts)The Clintons, Bill and Hillary, have released their tax returns publicly every year since 1977. If there were tax-related issues somewhere in the last 39 years, don't you think the Republicans would have jumped on it with both feet?
They have been very forthcoming with fees for speeches and all other income. This one will bite Trump, not Hillary!
AntiBank
(1,339 posts)I agree with what you say about their tax returns being open. What I am saying is that much of which would, in normal circumstances, be used as ammo against Herr Trumpf is simply not going to stick as he will just spin and divert back onto Clinton with the vast hordes who do not live and breathe for politics simply shrugging at the blasts on Trump. In addition he will use rhetoric, demagoguery and logical fallacies (and succeed) to toss massive dirt and scandal rehash/refresh back onto her.
Staph
(6,251 posts)However, if someone can actually get a hold of a Trump tax return of any year that shows that he paid no taxes, the vast hordes will be very unhappy. How dare their hero pay nothing? That could be spun beautifully!
Fumesucker
(45,851 posts)If it comes out that Trump paid no taxes that will be considered a plus by many of his supporters, it shows how smart Trump is and how crooked the tax code is. A lot of his supporters won't blame him for taking advantage of the loopholes because they would do the same in a heartbeat, they will blame politicians for creating the loopholes in the first place.
Igel
(35,320 posts)If (federal income) taxes are the price that we pay for a civilized society, then everybody should be paying some federal income tax.
Non-payment would indicate a disdain for society or for society being civilized.
However many Trump critics have many adherents who do not pay income tax, or who even argue for a negative income tax. At which point it sounds like "if you want a civilized society, you have to pay me" or "federal incomes taxes that others pay--not us--are the price we stipulate for a civilized society."
Yo_Mama_Been_Loggin
(108,035 posts)Liberal_in_LA
(44,397 posts)Skittles
(153,169 posts)ugh
TomCADem
(17,390 posts)nt
sarcasmo
(23,968 posts)Divine Discontent
(21,056 posts)because they obviously show he didn't pay much if at all, and if he paid 10%-20% he'd more than likely allow his business dealings to be seen, and explain he'll disconnect himself from the ventures if president, but him paying nothing while claiming to be someone with $10 BILLION won't sit well at all - so fine, run ads saying the last ones he will let people see show zero paid, so what do the NEWER ones show!?!?!?!