The BIG ONE: 20 years of Trump taxes obtained by NYTs

[Anonymous]

Anonymous wrote:

Anonymous wrote:So what about the taxes on his $400,000 presidential salary?

Already answered, he donates his salary so no taxes are due on it.

To whom does he donate his salary? With very limited exceptions, charitable contributions are limited to 50% of your AGI.

[Anonymous]

Anonymous wrote:Fake news. It's fake news.
I've got billions,
Many, many billions.
I'm, like, really rich. OK?

I can't show you my tax returns to prove it, though,
Because I'm under "audit."

Just so you understand.

"The IRS doesn't treat me well. They treat me just like the Tea Party."

- an actual quote

[Anonymous]

Anonymous wrote:

Anonymous wrote:Big nothing, common with real estate

maybe this should be a spin off thread but if this is true and our tax code is structured so people in certain industries/businesses can live lavish lifestyles and have every comfort, luxury,access to the the best healthcare and education and only pay $750 in income tax and the rest of us pay much much more, is that not outrageous enough?? I mean, sure that is not the presidents fault the he is taking advantage of the tax code but the fact that it works this way needs to be addressed before anything else. It is massively unfair, if true- why are you not outraged by this? Forget freaking immigration reform, we need to reform the tax code!! Otherwise please explain how people in real estate pay their fair share of tax?? I am truly ignorant about how all this works.

No that's not what's happening at all. In real estate, you can take depreciation to *delay* the paying of tax, or to strategize your tax payments in years where you will have enough cashflow to cover the tax bill. You cannot escape paying taxes by taking depreciation. If a person makes $100 in real estate, he *will* pay taxes on that sooner or later. There is no escaping that, except for death.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So what about the taxes on his $400,000 presidential salary?

Already answered, he donates his salary so no taxes are due on it.

To whom does he donate his salary? With very limited exceptions, charitable contributions are limited to 50% of your AGI.

He has said, a few times. Vets, maybe, once? He seems to give $100k here, $200k there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So what about the taxes on his $400,000 presidential salary?

Already answered, he donates his salary so no taxes are due on it.

To whom does he donate his salary? With very limited exceptions, charitable contributions are limited to 50% of your AGI.

I am not sure if it is one single entity, but department of health and human services is one I remember.

[Anonymous]

Didn't we all already know he was a scam artist and not nearly as rich as he claimed? So really, this is the story of a rich guy dodging taxes while us saps in the middle class pay. What a shocker. Next you're going to tell me Bill Gates isn't a humanitarian, he's actually using his foundation and giving pledge "promise" to duck taxes and hoard over $100 billion dollars.

[Anonymous]

Anonymous wrote:After reading the story, I truly believe that he did NOT want to President. It was just a way to get his name out there. He was going broke and needed a boost.

The article also says that he is personally on the hook for about 500M in loans in 2022. He can't afford to lend his campaign money. He doesn't have any.

Of course! He wanted a new show and investments...basically CASH!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So what about the taxes on his $400,000 presidential salary?

Already answered, he donates his salary so no taxes are due on it.

To whom does he donate his salary? With very limited exceptions, charitable contributions are limited to 50% of your AGI.

He has said, a few times. Vets, maybe, once? He seems to give $100k here, $200k there.

Bullshit. He gives nothing. He steals from charities.

[Anonymous]

WEAK. LOSER. IN HOCK TO HIS DEBTORS.

[Anonymous]

Trump can put this all to rest by releasing his tax returns. Otherwise, we know the NYT is true and he is broke and in deep debt and fighting the IRS for an amount he cannot pay.

[Anonymous]

Anonymous wrote:Trump owes the American public $73 million. Cough up you lying sack of puss.

He better not have a sack of cats! He is, however, a fetid lying sack of pus.

[Anonymous]

creditors

[Anonymous]

Anonymous wrote:Folks: the point is not that Trump has not paid taxes for years and years, it's that he is BROKE. And his biggest debts are coming in over the next four years. He's a con-man and the jig is up.

He WAS broke when he began his presidency. He has enriched himself and his businesses greatly since January 2017.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So what about the taxes on his $400,000 presidential salary?

Already answered, he donates his salary so no taxes are due on it.

To whom does he donate his salary? With very limited exceptions, charitable contributions are limited to 50% of your AGI.

He says he donates his Presidential salary to various government agencies, and fact checkers seem to agree.

https://www.politifact.com/truth-o-meter/promises/...r/promise/1341/take-no-salary/

[Anonymous]

The kids are in on the scamming, of course. Will anything happen? No. If this was worthy of criminal charges the IRS has had years to pinch them.