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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 (234 Views)
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NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by CrazyOptimist: 12:29pm On Sep 28, 2020 |
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 |
Re: NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by solmus: 12:33pm On Sep 28, 2020 |
Cunning man 2 Likes |
Re: NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by CrazyOptimist: 12:39pm On Sep 28, 2020 |
solmus: Some people will still find excuse for him. 2 Likes |
Re: NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by solmus: 12:41pm On Sep 28, 2020 |
CrazyOptimist: Call them by their respective names .. redneck racist, Indians and Nigerian Ipobians . 2 Likes |
Re: NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by shegzhkn: 1:20pm On Sep 28, 2020 |
Myndd44 this need to be in the right place. 1 Like |
Re: NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by MT: 1:27pm On Sep 28, 2020 |
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. 2 Likes |
Re: NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by PrideofLincoln1(m): 1:30pm On Sep 28, 2020 |
MT:You nailed it. More is coming and Trump will lose in a landslide on Nov 3rd. 2 Likes |
Re: NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by CrazyOptimist: 1:55pm On Sep 28, 2020 |
PrideofLincoln1: 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. 2 Likes |
Re: NY Times: Trump Paid $750 In US Income Taxes In 2016, 2017 by PrideofLincoln1(m): 1:58pm On Sep 28, 2020 |
CrazyOptimist: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. 1 Like |
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