Now this will be fun - Trump's Taxes

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Someone leaked his returns to the New York Times.

LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

Nothing damning - paying no Federal taxes is unfortunate but totally legal.  When you are this rich, you can afford really good tax lawyers. Of course, Trump paid the Payroll taxes as well as State and Local taxes. Paying no Federal taxes is common. From CNBC, December 16, 2019These 91 companies paid no federal taxes in 2018, From Fact Check, April 24, 2012GE Pays No Taxes  Again, unfortunate but totally legal.

I do love this comment at the very end of paragraph seven:

Nor do they reveal any previously unreported connections to Russia.

Of course not.  Trump does not want to get in bed with Russia.  Hillary does.  Her deal with Rosatom allowing the sale of 20% of the US reserves of Uranium to Russia while she was Secretary of State was a major give-away from the Obama administration to Russia.  What did the United States get in return? Nothing. Bill Clinton got to deliver a speech in Moscow a few months later and was paid a half a million US Dollars for the privilage. Not only are the Clinton's selling our collective crown jewels, they are selling them for cheap.

I have this thought running around my brain...  President Trump is such a master-class troller.  I am thinking that HE leaked these returns.  After all, he has nothing to hide.  What better way to sow confusion than by doing this just a few weeks before the election. The Dems will be wasting valuable time sifting through? nothing...

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This page contains a single entry by DaveH published on September 28, 2020 9:09 AM.

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