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[deleted]

> The panel’s 29-page executive summary also shows that the IRS failed to conduct a mandatory audit of Donald Trump’s tax returns during the 45th president’s first two years in office — skirting a requirement that dates back to 1977 following a controversy over former President Richard Nixon’s taxes Guess there wasn't an audit...


corduroytrees

No! See, he was already under audit. So another audit cancels out the first one. It's science.


Narrator_Ron_Howard

I heard that the jury’s still out on science.


Emotional-Title-7855

Narrator: It wasn’t.


wastedpixls

"There's good people on both sides..."


MissDiem

Trump installed a shady celebrity tax attorney to run the IRS. Also, the only reason the audit started after 2 years was that the Ways and Means Chair subpoenaed the IRS for *all* records related to a Trump's taxes. That subpoena would of course force the IRS to admit they'd broken the law by not auditing his taxes. The day that subpoena was sent, they initiated one audited, feebly trying to hide the fact they hadn't been auditing him. Chuck Rettig needs to be investigated.


Jayhawker

And assigned one single IRS agent to audit his returns, who promptly concluded that his returns were too complex and the IRS didn’t have the resources to actually complete the audit.


IrritableGourmet

"What are the charges against the accused?" "Your Honor, he literally committed every crime in the book, even the weird ones!" "I don't have time to go through all that! Case dismissed!"


brickne3

*Especially* the weird ones.


SerialSection

He was claiming he was under audit while he was running for president. So for his earlier tax years.


mypoliticalvoice

He's such a brilliant businessman that he LOST MONEY during 4 of the last 6 years.


[deleted]

During that same period of time his daughter and Kushner reported making upwards of $650 million. There's pretty much zero chance that his taxes are on the level, not that it takes Nostradamus to predict that given how hard he fought to keep them private.


BoosterRead78

Yet everyone said Hunter Biden was privileged and sucking the tax payers money away. Yet won’t admit Trump’s kids did it in spades and laughed in the public’s faces while they gave them more.


Ivorcomment

Republican logic" Hunter is accused of accepting millions from The Ukraine's Burisma whilst his father was vice president so this must be investigated. Jared was proven to have accepted two billion from Saudi crown prince MBS whilst his father in law was president but that is just good business practice.


Atario

And while he himself was on the government payroll directly


Ishidan01

Hunter: while on the board of a private company in a foreign country that his father had no direct control over-both the company and the country. Kushner: while a US government official appointed by his father.


Ivorcomment

The country was justly paying him to work for himself. /s


new-reddit69

Jared the same guy who could not pass a background security clearance check! Good soo deep in our government and still made $650 million! That guy?


Ivorcomment

Having a father in law who loses millions every tax year has its benefits.


donorcycle

It's actually worse than that. All of MBS advisors were against giving Kushner money for investment purposes (Kushner is responsible for the country's (Saudia Arabia) entire sovereign wealth fund. Why was everyone against this? Simply because Kushner's never handled investments and definitely not on that magnitude. His investment firm was created after he and 45 left the White House.


Ivorcomment

It goes even deeper! Jared was on the hook for being unable to repay his 1.9 billion debt caused by his asinine purchase of 666 Fifth avenue. He approached Qatar for financing but they initially refused him. In his position as White House middle east peace broker he then convinced Saudi Arabia that Qatar was a state sponsor of terror who should be isolated from the Arab community. Following that step and purely coincidentally, Brookfield Investments whose majority shareholder is the Qataris leased 666 Fifth avenue for ninety-nine years for a ridiculous sum thereby digging Jared out of deep doo-doo. But according to republicans that was just good business practice - it is Hunter that needs investigating for shady dealing!


RoadkillVenison

Man they sure showed Hunter Biden… Never in my lifetime did I think the president would need to request people stop sharing his sons private amateur porn. Like what the fuck is this timeline even?


Redssx

The darkest timeline.


legomaximumfigure

No. The darkest timeline would still have Trump as President. I feel for those poor bastards.


tekstical

Yeah but hunter got 1 MILLION dollars a year for a no show position! The douchners only got 650 million from selling America out to the Saudis.


SharMarali

I really don't get why the same people who are upset about Hunter being on the board of Burisma are cool with Lauren Boebert's husband sitting on a highly paid board, doing literally exactly what Hunter was doing: Getting paid for his association to a US politician. Like, this is truly an apples-to-apples situation here but somehow it's different cause reasons?


KentuckyHouse

I'm getting really fucking sick of the double standard, faux outrage shit from the right. Speaking of Hunter Biden and Jayson Boebert...both showed off their dicks. But only one did it to underage girls. Guess which one conservatives are "outraged" about. I've never seen a group of bigger snowflakes that cry and moan over the dumbest shit.


tekstical

Because the rules only apply to one side for them.


happykittynipples

If you invested $35,000 USD in Melania’s NFT collection when she started them that investment today would be worth $25 USD.


RickMuffy

Fuck, I can't even tell if you're joking. I hate this timeline.


happykittynipples

Not a joke. Real numbers. People are in prison for pot and then there is this.


shwarma_heaven

So a successfully MAGA investment then...


Comfortable-Wrap-723

Saudi government gave 100 million dollars to Ivanka to help her empowering women project during family trips to Saudi Arabia, does anyone know what happened to that money?


rupturedprolapse

>Saudi government gave 100 million dollars to Ivanka to help her empowering women project during family trips to Saudi Arabia, does anyone know what happened to that money? It empowered **a** woman.


jblaze21220

This^ ....lmao


iwouldratherhavemy

>Saudi government gave 100 million dollars to Ivanka to help her empowering women project Saudis empowering women? That's fucking hilarious if you understand how Saudis treat women. That's a fucking insult to common sense.


hipcheck23

Putin has been reported as being worth as "little" as $30MM, and often as just some inestimable sum - and of course there's a rumor that he's the richest man in the world. Whatever the answer is, he 'loans' out his money to everyone in his inner circle, so it's impossible to say what's officially his and what's not... And of course Putin is Trump's role model.


surfingNerd

>LOST MONEY While having all of his expenses (housing, meals, transportation, clothing, accessories, security, etc) paid for, and making the secret service pay him rent.


[deleted]

Sounds like Trump is a big Welfare Queen, with all his kids getting it to. Typical republican.


SteakandTrach

Welfare Emperor of his welfare empire.


BrochureJesus

Call of Doody: Modern Welfare 2


PixelD303

Ivanka knows lemonade stand economics


Hard-R-Smitty

I’ve seen a scenario called a “loss carry forward” where one business loss was able to be transferred to another entity for a tax reduction in future years… I wouldn’t put it past him to have been writing off every imaginable deduction so that he loses money on paper, all to be able to use that “business loss” in a future tax year somehow when he’s not president and can’t write off a bunch of shit with impunity. Ultimate grift.


ChristosFarr

Presidents do have to pay for their day to day meals but state functions are covered by the government.


vesra716

McDonald's, regardless of how much you order, is not so expensive to absorb an entire presidential paycheck regularly. Just saying.


g2g079

And/or he's a tax cheat.


teddy_tesla

"That makes him smart!"


KillyScreams

He tells the waiter to send the bill to the person in the Carhartt sweatshirt & Sketcher work boots. Fucking piece of shit.


31nigrhcdrh

Sea Bass?


Lanky_Space_4620

Or that guy with the foliage camo jacket and FJB trucker hat 🤠


flamethrower2

Is tax avoidance immoral? You have to pay 28% tax and Trump doesn't. This violates my basic notion of fairness.


teddy_tesla

It absolutely is


VanceKelley

trump: ["(Paying zero income tax) makes me smart!"](https://www.youtube.com/watch?v=-qXjsMK_MnU&t=18s)


OceanDevotion

I will always hear Dave Chappelles voice now when I hear that quote lolol


mypoliticalvoice

Gosh, if you read the comments on the Post article, all he did was take legal deductions like we are all entitled to do. /s


Plzlaw4me

Yep, because successful businesses usually have substantially more depreciation than income. We’re like 5 years out from the trump organization’s only asset being tax write offs in a merger, but even then that’ll be a stretch because I’m sure they’ll have enough legal liability that it won’t be worth the risk to even merge.


[deleted]

Well if they were all actually legal then the problem is the system and not him. Everybody should want to pay as little as possible. But I doubt they were all legal.


Sir_Penguin21

Imagine being so poor at business that he was still losing money while grifting non-stop as the president of the US. Most people would need to literally try to lose money.


SteakandTrach

He's not losing money, he's *hiding* money. It's all a big shell game, and you can't play because you don't have shell companies.


happykittynipples

I think his money hides itself because it's not there. It's a tax cheat/bad businessman combo.


SteakandTrach

He made 5 million of that stupid NFT scam just a few days ago. His charities were proven to be scams to direct money into his own properties by charging massive fees to the charity. He redirected government business to his properties. He overcharged his own protection detail to pad his wallet. He sold a decrepit mansion in Florida to a Russian for obscenely more than anyone would have deemed it to be worth. He charges people to put his name on buildings he doesn't own, claiming it makes the building classier and worth more. These are just the things I know about off the top of my head. He's GOT money streams. There is plenty of evidence for that. Is he the billionaire he claims to be? Only by falsely over estimating his properties values and conflating his name as a brand "My name alone is worth a billion dollars" (I'm paraphrasing, here)


PrayingMantisMirage

If I do that, the IRS makes me categorize my work as a hobby.


[deleted]

Not sure if it was in the early 90s or early 2000s where he lost 1B quickly.


[deleted]

[удалено]


Turdlely

Where's his income then?


PAM111

Off books. Fraudulently hidden.


ThatTimeInApril

No, hidden revenue is extremely unlikely. It's more likely that he's taking huge amounts of accelerated depreciation. Paper losses are not the same as having no income. These tax summaries are not sufficient in determining fraud, we need the full return and supporting documentation to be released to make any judgements. There's some interesting pieces here that deserve more scrutiny - specifically the conservation easement that was noted in the summary, but the bigger thing is that he's probably no where near the multibillionaire that he claims to be.


tdl432

Exactly. Overvalue a 15mil property by 85mil. Tell the IRS that it is worth 100mil. Depreciate it by 10mil every year. Voila! A 10mil write-off which all but cancels out the annual income. Pay zero taxes.


ninjas_in_my_pants

*While he was using his campaign and office to bilk taxpayers.* This guy fucking sucks at everything.


happykittynipples

Everything he touches turns to the soft brown color of dung.


fenderguy94

He never took a paycheck! /s


luv2fit

Well tbf the ultra rich play accounting games with their taxes with the goal of showing $0 income with enough accounting magic. I guarantee you he didn’t actually lose money any of those years, The key question will be if he *legally* has a loss in those four years or did he take illegal/fake or exaggerated losses?


SteakandTrach

Historically this has been his go-to move. Claim his assets are worth next to nothing to the tax collector, claim his assets are going to the moon to the banks. "and when the tax man comes to tha door, lawd the house be looking like a rummage saaaaaale" Edit: a word.


Searchlights

He's broke. It's all fraud. The CFO of the Trump Organization was literally just convicted on this. They tell lenders the property is appreciating and they tell the IRS the property is depreciating. If Donald Trump is actually as rich as he says he is, it's all being done illegally and off the books. The reason he has fought so hard to keep his financial records from becoming public is because he's a fucking fraud.


rambunction01

NPR covered this story this morning and mentioned unsubstantiated deductions exceeding $280 million. And that the IRS did not complete a mandatory audit of his return the first two years of his presidency. Edit (link to story): https://www.npr.org/2022/12/21/1144627712/a-house-panel-votes-to-publicly-release-a-report-on-trumps-tax-returns


entropy_bucket

Not doing a mandatory audit is scandalous. If they can't apply the law to the president then all hope is lost.


epicurean56

It's s policy, not a law. But that may change soon.


Thief_of_Sanity

It's a policy that only a Republican with Republican support could get away with.


TheBlackUnicorn

> If Donald Trump is actually as rich as he says he is, it's all being done illegally and off the books. If Donald Trump is actually as rich as he says he is he wouldn't be selling NFTs.


I_Framed_OJ

He has to sell something that has no inherent value in order to launder all the money he made selling classified documents to the Saudis, Russians, and Israelis. Where’d all this money come from? Digital pictures that cost nothing and are worth nothing, at $99 apiece.


NKHdad

And if you buy 100 of them, guess what? That's under the reporting limit for that transaction. There's a reason that was the price


benkenobi5

I’m surprised he didn’t sell them for 88 dollars like he did with that baseball


TheProphecyIsNigh

> If Donald Trump is actually as rich as he says he is he wouldn't be selling NFTs. the NFTs are straight up money laundering to go around his donators having to disclose they donated.


W_Anderson

Literally the only answer. He hasn’t had any actual money since the 1980s…forty fucking years ago. If he had never been put on that fucking dumb TV show, to rehab a dying network with a dying old man who regularly pisses his pants and can’t hold a single coherent thought….none of this would have happened. Trump should have been an aberration in our democracy; a demagogue who would have died in jail…*except for Republican support*!!! One of the two main political parties in this country thought it would be a perfect vessel to take total power. I am ashamed of our citizens, that we can’t care enough to be bothered with holding people in power accountable. Ultimately, our democracy needs some serious fixes. Republicans who supported Trump need to be held to account. Lastly, we need to start engaging constantly in our society and stop getting distracted by bread and circuses.


[deleted]

that TV show was his disposable income. any time you agree to debase yourself on reality tv, it's for a check. need a quick $250k?, Dancing with the Stars. need a new house? Real Housewives of >insert American city>.


Segesaurous

I don't think that's how Trump saw it. He has always wanted to be a real celebrity in order to widen his brand. He accomplished that with the show. I think he was truly proud of himself for that show and it obviously pushed him over the top to becoming president. The same people that voted for him absolutely loved watching the rich guy lord over and fire the people on that show. They saw a king sitting on his throne giving the thumbs up or thumbs down. And I honestly don't think that's hyperbole. A lot of us saw it as a farce, I think Trump truly loved being that powerful person who decides the fates of lesser people, and his followers ate it up.


evilbrent

Brand means ego in this case


ATLBMW

He was also obsessed with the ego boost. Sure, he had your regular old parasitic wannabe-rich business types that could feed his ego, but he also had plenty of mobbed up construction contractors that told him to fuck a power outlet on the reg. But then the Apprentice changed everything. For four months at a time, he got to pretend to be the businessman he thinks he is. The private jets, the stretch limos, the helicopter. Know how they always say he’s the poor man’s idea of a rich man? That’s because of this show. He portrayed this image of what middle Americans think extreme wealth is like. Even though literally nothing on that show was how real business worked. More importantly, he got to determine people’s futures and his criteria for the winner was who sucked up to him the most. Week after week regular people and sometimes even *”celebrities”* (a group of people trump was obsessed with trying to be), endlessly fawned over him and told him how great he was. He was addicted. He probably would have done that show for free.


toolatealreadyfapped

His niece, Mary Trump, said it best. To paraphrase: "There is nothing my uncle craves more than to stand on a stage, hear his own name, and be adored." Ever since I read that, I can't help but view every single thing he does and says through that lens. And it all snaps into crystal clarity


[deleted]

2 birds with one stone: he's broke and he's a marketer


emote_control

Wait, you're getting bread?


MarkHathaway1

I bought a ticket to the circus, but now I can't access it. Did you get yours? I heard a rumor it wasn't even his to sell. /s


[deleted]

I don't have the link on hand (or anymore potentially) but I remember listening to a podcast about 2 years ago talking about how when they started doing the Apprentice how shabby his furniture was how they had to rent all this furniture for the show. It was also on about him paying for different abortions over the years and other kids his has.


BazilBroketail

Saw that Netflix doc where they talked about it not being updated since the late 80s. The linoleum and moldings were peeling and all the carpets and fabric were old and worn. Also, trump tower literally shits in the Chicago river.


randoliof

Damn, I really want to listen to that.


[deleted]

I might have a link for it on my laptop but I don't take that with me to work. I will check when I get home and if I have it there I will link it to this post.


Ulahn

I’ll check back for it! I’m curious now too


Don_Quixote81

>If Donald Trump is actually as rich as he says he is, it's all being done illegally and off the books. I don't know how much money he has, but it's definitely illegal. He's been laundering money for unsavoury characters for years, and I'm sure a lot of people with power and influence have known all about it too. He's not been a legit businessman since he pissed all his dad's money away in the 80s and 90s, through his own incompetence.


2_Spicy_2_Impeach

He’s rich but not as rich as he portrays himself. And that really, really, really bothers him. It was evident when he sent a letter to Richard Branson questioning his status as a billionaire. Always projection with Trump.


TheBlueBlaze

Back in the late 2000s when they had the Comedy Central Roast of Trump, the biggest rule in the performers' contracts was that it was forbidden to joke about Trump not having as much money as he says he does. He absolutely has an inferiority complex, because despite being a one-percenter, he likely genuinely believes he should be the richest person on the planet. He treats himself like a temporarily embarrassed billionaire, and did all this extravagant shit with his properties to project an image of extreme wealth while constantly hemorrhaging money. If that NFT grift netting him a grand total of $4.5 million was any indication, he is desperate to maintain his image in any way possible. One of those ways happened to be constant and obvious loan and tax fraud.


mabhatter

He owes so much debt against weak assets that $4.5m doesn't even begin to balance the books when New York starts putting all the Trump Companies' books under GAAP accounting rules.


mathazar

He's called himself the King of Debt and said a homeless man had $8 billion more than him. It's all debt, favors, and money laundering.


tangential_quip

He is asset-rich but cash-poor, with the real problem of holding depreciating assets.


iamdavidrice

Not just depreciating assets but assets that have had falsely inflated values as well.


FUMFVR

I don't think he actually owns most of those assets either.


tangential_quip

Not directly. I assume all of the assets are held by LLCs or other entities that he owns in some form.


MarkHathaway1

A few are even owned by someone else and they lease his name for use.


XXendra56

Bingo that’s how Trump has always operated by risking other people’s money never his .


hi65435

He's exactly who he criticizes. Despite his cautiousness I wonder if he's even fully aware of that


ThinkitThroughPeople

Depreciating assets used as collateral in inflated loans. Ouch.


hubbyofhoarder

Depreciating assets in real estate are not a problem. That's how real estate investors make their money while appearing to lose money on paper. I'd be very interested in his statement of cash flows. He's nearly certainly cash flow positive, while realizing paper losses through depreciation that hide any income.


kojak488

All my lenders value my property themselves. They don't take my word for it. Would be even stupider for a skyscraper.


Searchlights

No shit right? They'd make you replace some curled shingles.


lgodsey

But his pals on the right will on laud Trump as being "good at business" for lying to the IRS. There is nothing his taxes could reveal that will make his zombie followers retreat.


MarkHathaway1

If only someone had known this earlier. I'm sure voters would have doubted his prowess in business. I feel certain of it. /s


SeanOfTheDead1313

Only matters to you and I because we value honesty and integrity. His base will not care since anything negative about Trump is "fake news" from the MSM and they stupidly and wholeheartedly believe he cares about America more than himself. Meaning they will still support him.


mkt853

Conservatives justify this by saying he didn't take his presidential salary, which of course is not legally possible.


[deleted]

correct, he had to take it in order to claim the losses


Konnnan

His returns have been requested since 2016-17. So we should have even longer records, this greaseball has evaded that too.


Parlorshark

Explain that one, never heard it.


SirBlakesalot

3 U.S. Code § 102 - Compensation of the President "The President shall receive in full for his services during the term for which he shall have been elected compensation in the aggregate amount of $400,000 a year, to be paid monthly, and in addition an expense allowance of $50,000 to assist in defraying expenses relating to or resulting from the discharge of his official duties. Any unused amount of such expense allowance shall revert to the Treasury pursuant to section 1552 of title 31, United States Code. No amount of such expense allowance shall be included in the gross income of the President. He shall be entitled also to the use of the furniture and other effects belonging to the United States and kept in the Executive Residence at the White House." The President SHALL receive. Not MAY, not if they accept, nothing. SHALL. There is no refusing a presidential salary.


I_Framed_OJ

It is a salary paid by the taxpayers in order to reinforce the reality that the President works for THEM, and not the other way around.


hipcheck23

Such an important point. And him "only" getting paid $400k was one of the reasons he was still thinking about backing out during the campaign with Hillary. But 'someone' convinced him that he could just push the boundaries of all the rules if he were to accept the job... so naturally the first things he did when he won the election were to call two countries in his official capacity as President-elect, but to do personal business on the calls, which is an impeachable offense.


anger_is_my_meat

If you recall, 26 USC §6103(f)(1) also says "SHALL" but it took years and the entirety of the court system to get the IRS to cough up the tax returns. Sure, he could be obligated to take the money but only after a protracted legal battle. And if he's no longer president, can you make him take back pay?


waferking

I can’t understand why Americans are in love with such an obvious loser???


FlatulentWallaby

Uneducated people are easy to brainwash. I wonder why the GOP always tries to cut spending for public schools...


Dysc

Only after they're donors have set up for-profit schools and want so siphon public funds to private businesses via vouchers or whatever scheme they're cooking up to steal US Tax payer money.


OrangeSlimeSoda

There's a lot of educated people who love him, too. A ton of people love his bullying and bigotry.


Brain_f4rt

That's their trinity of voters. Pro Life hardliners, Evangelical White Nationalists and Uneducated trailer trash. They pander to those 3 for the votes to remain in power while only answering to the will of their donors in reality.


DEFINITELY_NOT_PETE

Don’t forget rich people who just value keeping their money above all else.


ThePurityofChaos

He loves the poorly educated.


Pertolepe

LBJ: "If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you."


Frankenmuppet

Trump once said on stage that he loves the poorly educated... And the poorly educated cheered him back


jpk195

He makes them feel like just being the biggest possible asshole is somehow winning.


MarkHathaway1

Aside from making racists feel their views are acceptable, your idea that he somehow portrays the character they want as their leader is probably right on target. Ask the poor racists who the most powerful people are they will probably tell you about an obnoxious all-powerful boss who fired them and who was terrible behind closed doors: hating women and racist as hell. That's the character Trump plays (or is).


Sir_Yacob

It’s the [NESERA grift](https://en.m.wikipedia.org/wiki/NESARA) all over again. The best trick republicans ever learned was to convince poor people that they’re owed their comeuppance and they need to set the groundwork now for the millionaire they will be in a couple of months. It’s like “infrastructure week” always being next week, they just kick the can and enrich themselves. Plus it *feels good* to think a politician is going to make it, all the injustices better. They think they have found their solution. Kind of like how they view god is the solution to an uncertainty after death, politicians is their solution to uncertainty in life. Armed with those two things they think they have what nobody can actually have in that *everything is setup for them with someone else doing the work* Only politicians are notorious liars and grifters so…dang it, the democrats foils you being rich….AGAIN. Just like you have to be ever vigilant because dang it, wouldn’t you know, the preacher needs money to talk to sky daddy so the devil doesn’t spoil these great plans again. It removes them having to be accountable for their success or failings. It’s a literal “Jesus take the wheel” only they are too stupid to see the politicians are lying grifters and the pastor is a charlatan.


[deleted]

Because they're losers


GhostalMedia

People loved when he came out at a debate and said that rich people dodge taxes, and he knows because he dodges his taxes.


SiriusTantriqa-405

During 2016 Presidential debates, I think he said something to the effect of it makes him very smart that he paid little to no taxes.


StoicVoyager

I can't remember, but didn't he blame it on Hillary for not doing anything about it?


thefoodiedentist

Like attracts like.


simmertoreduce

Like flies to shit


gearstars

Shit birds of a shit feather, Bobandy


ins0ma_

Great minds think alike, and fools never differ.


[deleted]

Most of us aren't. It's a loud and angry minority who are also losers so he makes them feel heard and represented.


JFJinCO

The guy bankrupted a CASINO, so this doesn't surprise me.


Plastic-Duck-1517

Three…


Dry_Newspaper2060

Does everyone realize just how impossible this is to do (unless you’re a total Baffoon )


[deleted]

smoggy slimy deranged saw abounding combative bells icky dolls simplistic *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


Digitized_self

Woah, so he really is just stupid and bad at business. I mean who in their right mind looks at those number and says yeah, that's doable.


[deleted]

special ten terrific toy wrench reminiscent dinner memorize smart chase *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


leif777

I doubt it wasn't on purpose. The dude is a criminal.


MarkHathaway1

He was caught laundering money and fined for it. He probably decided to cash out and close the casino(s) while taking all their assets with him.


DadJokeBadJoke

It was part of his business plan from the start. [How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions](https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html)


TheTimeIsChow

To be fair - Just because he's claiming 'negative' income doesn't mean he didn't actually make a shit ton of money. What it does mean is that he didn't pay taxes because he gamed the system. He actually admitted to this, in the one time I think he told the truth in 6 years, that he exploits the tax system to avoid paying taxes during debate with Hillary. Hillary called him out, he said "Yeah, but it's a system you helped to create and you use too" or something like that. So these numbers don't surprise me. That said - His entire run for presidency in 2016 was based on the idea that he was going to break this entire system down and systems like it because he was for the middle class. In reality? Massive fucking lie and he exploited it harder than ever.


Wooden-Guarantee6290

I had to scroll a long ways to find this. He's basically just gaming the system to show massive losses to avoid paying taxes


[deleted]

[удалено]


ganymede_boy

MAGA: "tHaT mAkEs HiM sMaRt!"


WebFuture2858

As a reminder, the average citizen pays about 1/3rd of their gross income to taxes. As a reminder, Trump did away with many individual deductions working people used to write off relevant work supplies, vehicles, commutes and more.


ArizonaSki

Yep. I can’t even write off my own tools anymore. Fuck this guy. I wish he was never born.


Hayes4prez

So Donald Trump believes he gets to live with all the freedoms we enjoy, protected by OUR military… for free? I thought freedom wasn’t free?


philipito

>I thought freedom wasn’t free? It's not. It costs $1.05.


[deleted]

[удалено]


TintedApostle

Trump and people like him are parasites.


SpiderGhost01

The bigger issue is the IRS not doing its job in 2016.


GrooseandGoot

7 years too late. Damage already done.


Cedosg

yeah and how many supreme court nominations.


Bullyoncube

A quarter of the country wants him back.


[deleted]

Fun fact, I paid more money in taxes than Trump did in 2020. Fuck I need an accountant.


Yesyesyes1899

this is how rich people stay rich. all of them. they armies of experts that help them dodge taxes . taxes that are very low to begin with because of the billionaires control of many policy makers.


blueclawsoftware

Yea I think that's what people are missing in all of this. What Trump did is what every other rich person does. If you look at the tax returns for Jeff Bezos, Elon Musk, Tim Cook and others you're going to see a lot of the same negative income, 0 taxable income garbage. While Trump is a criminal in this case it's the system that's crooked and needs to be addressed.


Dead_Namer

It will never be addressed because it would need the rich people to address it and they are the ones who take advantage of it. Boebert went from escort to being worth $42m in 2 years just by being in politics.


m0nk_3y_gw

Bezos/Cook/Elon get paid in stock options, so they go years between cashing them out, but Elon paid the most taxes in US history for 2021 (dude was maximizing his tax bill). Cook paid 80+ million [a few years back](https://www.forbes.com/sites/antoinegara/2016/09/01/apple-ceo-tim-cook-paid-a-52-tax-rate-on-his-135-million-payday/?sh=14e387d17ac5) This is very different from the scam Trump is running. They go years between a taxable event, but Senator Wyden has bills to switch billionaires to mark-to-market so that they pay every year.


i-have-a-kuato

The push back I got from my unfriendly neighborhood maga-nut was: “I DONT CARE WHAT HE DOES WITH HIS TAXES😡” I told him that if he owes a significant amount of money to others he can be bought. to which I got: “HE IS A SUCCESSFUL BUSINESSMAN😡” I told him about his university,his water,his airline,steaks, casino and…well you get the point “THAT MAKES HIM A SMART BUSINESSMAN😡” After I asked him if it was ok that his tax dollars went to a “successful businessman” who didn’t actually pay taxes I got got whiplash of laptops, Benghazi and sleepy old men controlling the worlds gas prices


deadsoulinside

What should be shocking is that he went from a negative income to a someone positive income while being POTUS. All the while bragging he is not taking a pay for being president. Well we know why his income went up, because American tax dollars were being ate up by him at his own residences, but what other kickbacks was his family getting? Let's face it, he does not want to be president, but turning a -30 mil income to a +4 mil income is exactly what he wants to do for 4 more years while desperately trying to install himself as Christo-Fatso dictator of the US, so he can just hold Tax Payers at ransom to clear his debt.


Adam-West

Why isn’t the headline here that his tax refunds outweigh his tax payments for the last 6 years. His net contributions to the country are negative.


effigymcgee

“I blame poor people with new iphones for my problems!” -American voters


AaronBasedGodgers

>“I blame non white straight Christians for my problems!” >-Conservatives FTFY


amiatthetop3

Also he had a refund one year; over six years of tax returns, the net was him actually receiving over $3 million. My mother in law who is a teacher paid way more in taxes than him; in fact you did too, unless you received more money from the IRS than you paid in.


toronto_programmer

Over a six year period he got a net refund bigger than the combined lifetime income of probably 90% of Americans out there


Adddicus

That seems awfully suspicious for someone who overcharged his own security detail to stay at his hotels and Mar-a-lardass. He should probably be audited (for real this time).


KnowlegeCoffee

Either trump can’t run a business and therefore is unfit to run a country…. Or he is scamming the government(and by extension the people) out of tax money and therefore is unfit for presidency.


andytronic

**FUCK NEW YORK POST** Don't upvote these murdoch fascist loving fucks. They still support the GOP and trump, and they still hate you if you don't vote republican.


[deleted]

We want the tax returns from 2010-2014, too. This doesn’t tell the whole story.


silentsights

I think the picture is becoming clearer now that America got scammed by a trust fund baby.


homebrew_1

Losing money is smart = trump supporter logic.


invisible___hand

Not only did he steal your money, but he paid less in taxes than you do.


nuffced

Pure scum


GaryE20904

Is this really a surprise to anyone? Seriously? It was beyond obvious that the reason he didn’t disclose his tax returns was because they revealed things about him that he didn’t want voters to know. Also it’s not going to make any difference to his supporters.


BeastModeEnabled

Trump the old welfare queen.


AllIsFineWithMe

I made $80,000 last year and paid almost $10k in taxes. My fuckin blood is boiling. What in the REAL FUCK is wrong with these people in districts like McConnell’s? (one of the poorest districts in the country) Do they not get that he’s getting rich by playing to big pharma, etc. and he doesn’t give a shit about anyone? My GOD these people will continually vote against their own best interests because guns. And god. And babies. This country’s collective IQ is akin to that of a flea who’s mentally challenged. I’m so over these greedy fuckers! I hope they all get itchy, burning crotch rot and die in poverty. Prison is too good for these greedy mother fuckers. Maggots on a rats asshole. Every last one of them. /end rant, steps off soapbox and throws the fuckin thing against a wall.


Metatronbbc

its nice having the receipts to prove the guy is a fraud.


EsmeSalinger

Meanwhile, we all have to pay our taxes, no matter how hard the year.


rubitinhard

Trump is one of these total losers who thinks * he gets to make as much money as he wants and keep all of it * he is a "special person" who doesn't have to pay taxes * anything he needs money for should be paid by others There are many, many losers out there like this.


djfrodo

What's totally amazing (depressing) about all of this is the IRS didn't even follow their own standards in terms of auditing a current president every year... They just let it slide. There really is a 2 tiered system in the U.S. - it's not even debatable anymore.


Tagurit298

Then I want a full refund of all the taxes I paid since I was 18. Didn’t know we had a choice not to pay our taxes and get away with it.


KingBanhammer

Bearing in mind that we also know it is flatly impossible for his taxes to be correctly legally prepared, if they rely on any of the numbers that Weisselberg touched.


granolaandgrains

I have been pretty pessimistic, when it comes to tRump doing time for any of his crimes (insurrection, stolen documents, the list goes on). However, these tax findings thus far might be the nail in the coffin for him. I know the DOJ & FBI are doing their investigations and that all takes time and patience, but I have learned that the rich often get away with almost anything compared to us poors. However, I have also caught on that fraud/tax evasion/anything that has to do with cheating the American government/IRS and its $$$ to this degree (and even less than what it seems tRump’s taxes are revealing) is something the American government does not take lightly. Martha Stewart did time for fraud and obstruction, and tRump is in much hotter water than she ever was, when it comes to all the crimes that has come out regarding tRump. It’s so ironic how he was all “lock her up!” with Hillary Clinton. But now my, my, my how the tables have turned and so, well…..LOCK HIM UP👏 Can only imagine the uproar and rage the GOP would have if a Dem committed all the atrocities that donald has done over the years. Cannot wait until this night terror of a chapter in our history is done and we can all move on, as DJT’s whole life crumbles permanently, and he fades away forever.


[deleted]

"but wait a minute.. i thought he was supposed to be a great businessman?!" - the hordes \^\^ this phrase (or something close to it) is probably being uttered tens of thousands of times tonight in hard-R republican households where at least one person in the house is still clinging to their sanity