President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times.

Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal income taxes in 10 of the past 15 years.

The details of the tax filings complicate Trump’s description of himself as a shrewd and patriotic businessman, revealing instead a series of financial losses and income from abroad that could come into conflict with his responsibilities as president. The president’s financial disclosures indicated he earned at least $434.9 million in 2018, but the tax filings reported a $47.4 million loss.

The tax filings also illustrate how a reputed billionaire could pay little to nothing in taxes, while someone in the middle class could pay substantially more than him. Roughly half of Americans pay no income taxes, primarily because of how low their incomes are. But IRS figures indicate that the average tax filer paid roughly $12,200 in 2017, about 16 times more than what the president paid.

SOURCE:
https://apnews.com/article/archive-personal-taxes-donald-trump-f0e2af5f9f99de9d30dc6b9097121188?utm_campaign=SocialFlow&utm_source=Twitter&utm_medium=AP

CC: OAM4J, Mynd44

Cunning man

solmus:
Cunning man

Some people will still find excuse for him.

CrazyOptimist:


Some people will still find excuse for him.

Call them by their respective names .. redneck racist, Indians and Nigerian Ipobians


.

Myndd44 this need to be in the right place.

No one should be surprised with this news. The worst is yet to be revealed. His former campaign manager just went nut, possibly as a result of decade-long guilt. How any sane man can keep defending this absolute disgrace of a man beats me. Cheating the system with impunity, indebted to foreign entities and deeply sunk in debts. I can see him in orange jumpsuit after his abject tenure is over.

MT:
No one should be surprised with this news. The worst is yet to be revealed. His former campaign manager just went nut, possibly as a result of decade-long guilt. How any sane man can keep defending this absolute disgrace of a man beats me. Cheating the system with impunity, indebted to foreign entities and deeply sunk in debts. I can see him orange jumpsuit after his abject tenure is over.

You nailed it. More is coming and Trump will lose in a landslide on Nov 3rd.

PrideofLincoln1:
You nailed it. More is coming and Trump will lose in a landslide on Nov 3rd.

Losing the election will be a victory for America and the world at large. The great United States of America is losing its leadership position among the nations of the world.

CrazyOptimist:


Losing the election will be a victory for America and the world at large. The great United States of America is losing its leadership position among the nations of the world.

Exactly, imagine Americans can't travel to Canada, Mexico or Europe because of Trumpvirus. That is a shame but things will be okay starting Jan 20 when Biden becomes the new President.