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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDonald Trump is so poor...
Link to tweet
So either he is a tax evader, or a really bad businessman, a security risk - cause he owes all of those loans to someone... or a combination of these things - I am going with all three.
This is why he needs to steal the election, when the Russian mafia comes looking for their cash, which he seemingly does not have, the security in the WH is great protection. Coupled with it being highly unlikely that the IRS would come for a sitting Presidents. Trying to protect himself from shady business dealing outcomes, with taxpayers money when he spends huge amounts of energy evading paying tax is all of the ironies dying, again.
Norbert
(6,039 posts)duforsure
(11,885 posts)And likely why big donors are running from him now, they know he's skimming the campaign money for himself because he's almost broke. Bankruptcies coming soon? I think so, and he'll be trying to try and keep things from being seized.
Soph0571
(9,685 posts)But I don't think bankruptcy protections can protect him from some nasty people coming after him... I think he owes money to people who have no respect for a law based society and the protections this affords its citizens!
DBoon
(22,363 posts)nt
Cha
(297,196 posts)at him full blast.
Pachamama
(16,887 posts)While many of us may be struggling daily to keep a roof over our heads and the food on the table, even if we carry a balance on our credit card and owe a mortgage, we still are all wealthier than Donald J. Trump.
He is Millions, maybe even Billions in debt....
gademocrat7
(10,656 posts)betsuni
(25,493 posts)bucolic_frolic
(43,149 posts)We simply must hope our leaders have this gamed out. Seems to me the most urgent worry is post-election protesting, and the series of scandals being vented and leaked are calculated to nip that in the bud.
Maeve
(42,282 posts)Slight mistake there. He didnt own millions, he owed them.
Been saying this was true about the "billionaire" for years...
N_E_1 for Tennis
(9,722 posts)Cyrano
(15,035 posts)durablend
(7,460 posts)"The Biggest Loser"
Blue Owl
(50,356 posts)n/t
Cosmo Blues
(2,481 posts)Obama in 2011 paid $162,074 in federal taxes on gross income of $789,674, according to the return he released that year.
Trump has not released his own taxes, but the New York Times reported on Sunday that he paid no federal income taxes that year.
Yet on Twitter, Trump at the time complained that Obamas rate was 20.5%, according to an old tweet thats resurfaced in light of the new revelations: