Posts Tagged ‘federal income taxes’

You Pay More In Taxes than Donald Trump

September 28, 2020

You Pay More In Taxes than Donald Trump

In recent years, Donald Trump paid the IRS $750 in income tax, except in those years when he paid absolutely nothing, records obtained by the New York Times show. He apparently paid 200 times more in taxes to India and the Philippines than U.S. income tax in 2017.

He appears to have paid daughter Ivanka $750,000 in consulting fees while she was also an employee of the Trump Organization. His claim about an IRS audit seems to hinge on his questionable $73 million tax refund in 2010 — a refund to someone who paid no taxes. His charitable write-offs consisted of not developing properties he owns. Mr. Trump’s responds to these revelations by repeatedly whining that”the IRS treats me very badly,”

“Donald Trump’s financial records are the Rosetta stone for understanding the depth of his corruption and crimes,” former Trump attorney Michael Cohen told Yahoo News:

“The more it is unraveled, the more he will unravel. It’s the reason he’s fought so hard to keep it under wraps.”

“His biggest fear is … he will end up with a massive tax bill, fraud penalties, fines, and possibly even tax fraud ….”


“Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance,” Russ Buettner, Susanne Craig and Mike McIntire, New York Times

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