$70,000 on hairstyling - Donald Trump's taxes in numbers

[leftofthestorm]

Here are some surprising things we’ve learned about the US president’s finances

Martin Belam

The shocking claim that Donald Trump paid only $750 in federal taxes has dominated headlines after a New York Times report into his financial affairs, but it is far from the only surprising sum exposed by the documents. Here are some of the key figures:

$750

Federal tax Trump paid in 2016, when he won the presidency.

$750

Federal tax Trump paid the following year.

Zero

Federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.
https://www.theguardian.com/us-news/2020/sep/28/hairstyling-donald-trump-taxes-numbers-us-president-finances

[Maraya1969]

1. Here are more numbers.

$70,000..........Paid to style Trump’s hair for television, claimed as expenses.

$95,464............The total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.

$210,000.........The amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club.

$26m...........“Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump.

$434m..............What Trump declared his earnings to be in the 2018 presidential public annual financial disclosure.

$47.4m in losses.............What he had declared to the Internal Revenue Service (IRS) for tax purposes over the same period.

$421m.............Outstanding loans that Trump owes, most of which becomes due within the next four years.

$73m...............Revenue generated from outside the US, presenting a potential conflict of interest with US foreign policy.

$13m.......Earned in one licensing deal for Trump Towers in Istanbul, including $1m since he became president.

$72.9m...............The tax refund Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal tax he had paid between 2005 and 2008.

[Maraya1969]

2. 2 more

$100m.........The amount Trump could now have to pay back to the IRS, including penalties, if it finds against him in the audit.

$315m.........The sum reported “lost” by Trump’s golf courses since 2000.