18 Revelations From a Trove of Trump Tax Records

[babylonsister]

The New York Times
18 Revelations From a Trove of Trump Tax Records
David Leonhardt 48 mins ago


The New York Times has obtained tax-return data for President Trump and his companies that covers more than two decades. Mr. Trump has long refused to release this information, making him the first president in decades to hide basic details about his finances. His refusal has made his tax returns among the most sought-after documents in recent memory.

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.

lots more...

https://www.msn.com/en-us/news/politics/18-revelations-from-a-trove-of-trump-tax-records/ar-BB19tLgH

[Docreed2003]

1. That "millions due" on personal loans

Wonder if he's been saving the money the government has spent on his golf outings and his stays at his hotels to pay for those loans...

[634-5789]

2. Trow his fat ass in jail.

Over the past two decades, Mr. Trump has paid about $400 million less in combined federal income taxes than a very wealthy person who paid the average for that group each year...



https://www.msn.com/en-us/news/politics/18-revelations-from-a-trove-of-trump-tax-records/ar-BB19tLgH

[dhill926]

3. hammer away at Princess Ivanka....

drive a wedge between all the family members and watch them scramble to save themselves....

[Shermann]

4. I wonder...did he ever actually plan to release those?

Surely he was aware of the optics around the low income tax paid.

So the whole audit excuse was BS planned right from the start?

[ffr]

5. Ivanka was an employee and a consultant to the tRump Organization?

That may amount to double dipping in writing her compensation(s) off twice. Both Donald and Ivanka my be a party to tax fraud.