And now word on "Historical Tax Credits"........... and just because I say so.............

[turbinetree]

Don Jr. says his dad didn't pay taxes because of 'historical tax credits'

By Oliver Willis -September 28, 2020 11:36 AM

Donald Trump reportedly only paid $750 in taxes in 2016 and hasn't paid any taxes in 10 of the past 15 years.

Donald Trump Jr. on Monday defended his father against reports that he reportedly only paid $750 in income taxes, claiming "historical tax credits" explained the unusually low sum.

On Sunday, the New York Times reported that Donald Trump paid only $750 in federal income taxes the year he ran for office and his first year in the White House. Additionally, the paper reported that Trump paid no federal income taxes in 10 of the past 15 years.

"He does things in certain years where you get depreciation, where you get write off, where you get historical tax credits," Trump's eldest son told the hosts of "Fox & Friends."

"People don't understand what goes into a business," he added.

https://americanindependent.com/donald-trump-jr-taxes-new-york-times-report-750-historical-tax-credit/

Hey Jr ,........do you think that you just dug your foreign power trump tax problem deeper in the proverbial hole...................

[AnnaLee]

1. OK, so show us the entire history of tax payments then.

[turbinetree]

2. Yepper spot on................

[SWBTATTReg]

3. Historic tax credits don't add up to these kinds of amounts. Jurisdictions limit how much tax ...

credits can be claimed, otherwise, their budgets would take a hit and the amount of tax credits allowed under the law of such jurisdictions would be out of control/wack. People do understand these taxes as many in the reclaimed urban areas of metro areas / most major cities have been taking these historic tax credits where available. It's funny that they sure whipped these 'historic' tax credits out. And I could be wrong, but I thought historic tax credits had to be examined by a 3rd party (for valuations etc.), and plus other things had to be done in order to qualify for such credits.

[obamanut2012]

4. He really has coke jaw

[DLCWIdem]

5. So he actually just confirms it is true not fake

[lagomorph777]

6. Ooops!

[LizBeth]

7. Last night Trump said it was fake news. I am just getting up to read all the stuff I slept thru.

So excited.