18 Revelations From a Trove of Trump Tax Records

[Quixote1818]

Among the key findings of The Times’s investigation:

Mr. Trump paid no federal income taxes in 11 of 18 years that The Times examined. In 2017, after he became president, his tax bill was only $750.

He has reduced his tax bill with questionable measures, including a $72.9 million tax refund that is the subject of an audit by the Internal Revenue Service.

Many of his signature businesses, including his golf courses, report losing large amounts of money — losses that have helped him to lower his taxes.

The financial pressure on him is increasing as hundreds of millions of dollars in loans he personally guaranteed are soon coming due.

Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television.

Ivanka Trump, while working as an employee of the Trump Organization, appears to have received “consulting fees” that also helped reduce the family’s tax bill.

As president, he has received more money from foreign sources and U.S. interest groups than previously known. The records do not reveal any previously unreported connections to Russia.

More: https://www.nytimes.com/2020/09/27/us/trump-taxes-takeaways.html?cid=sm_npd_ms_fb_ma&fbclid=IwAR3GwO80bP-3iJDTQ_-hW8gz7I47Y70CvuzA5fs16vlV6uczdg5X3qwDI7E&fbclid=IwAR3TohwIlRT1mpRJj1mDTAys9fyN_mNhc-grNbPmHwg9eWber-oIyxY-Gek&fbclid=IwAR2pUPUR0u7wfZQwETUKfihHn0nrnpVd9aA1M8pGqKd0xfMSxRqzHYkj4eQ

[dalton99a]

1. Kick

[Dark n Stormy Knight]

10. This is the fate Pissolini deserves.

I have little faith it will play out that way, but it damn well should.

[Grokenstein]

11. Especially the part where syphilis left Capone a drooling, crapping mess.

Don-Don's already well on his way there, and he can't con a disease.

[MustLoveBeagles]

2. K&R

Good summary of the article.

[mahatmakanejeeves]

3. He has significantly reduced his tax burden by paying *his daughter* absurd amounts of money ...

CoronaInItalyHat Retweeted

he has significantly reduced his tax burden by paying *his daughter* absurd amounts of money as a "consultant"

Link to tweet

Those payments were structured, it seems, to avoid paying gift taxes while transferring wealth to his children. Also people who worked on those projects for which Ivanka "consulted" were, uh, surprised

omg he's been writing off his haircuts. the american taxpayer is on the hook for the thing that lives on his head

Link to tweet

[ProfessorGAC]

4. His Dad Did The Same Thing

For 8 years in the 70s, dad gave him 3, 3, 6, 6, 9, 9, 9, & 12 million in loans.
Dad didn't pay taxes because the money was lent, PINO didn't pay taxes as the money wasn't earned income.
There were no payment terms or term of loan. When Donnie-boy inherited the fortune, he became the holder of the paper. He wasn't going to collect from himself.
So, 42 to 49 years ago they were beating taxes to the tune of $57 million in eight years, during a period when the median household income was about $14,000!

[brush]

5. Now please, no more posts here about what an evil genius he is. That he knows...

what he's doing. He uses Goebbels' "big lie" technique of just repeating huge lies over and over but that's about it. He's just a lying con man who blew the 400 million he got from his old man (cheated his niece out of her father's (trump's brother) share, then had to go to American banks but defaulted on those loans and had to turn to the Russians which explains why he kowtows to Putin constantly.

This wont affect how his magats vote but it may swing some indies Biden's way. It'll all eventually come out. If he somehow gets elected, this will be the basis of his second impeachment.

[mahatmakanejeeves]

6. Federal income taxes paid in 2017 (jointly with spouse): Joe Biden - $3,742,974 ...

Dave Weigel Retweeted

Federal income taxes paid in 2017 (jointly with spouse):

Joe Biden - $3,742,974
Kamala Harris - $516,469
Bernie Sanders - $343,882
Elizabeth Warren - $268,484

Donald Trump - $750

Link to tweet

[Grokenstein]

12. "Thet jes' proves he's smarrrrrt!"

-- Murikans what number of teeth, toes, and I.Q. all match.

[DeminPennswoods]

7. "The records do not reveal any previously unreported connections to Russia."

Of all the things listed in the OP, that surprised me the most.

[in2herbs]

8. I'm waiting for the rest of the info that the NYT has said will be coming out as reporters

write their stories. Russia will be in there somewhere.

[crickets]

9. +1