General Discussion
In reply to the discussion: The argument I'm getting re his taxes HELP! [View all]Statistical
(19,264 posts)If he was successful and produced hundreds of millions of dollars in income over the last 20 years he legally owes significant amounts in income taxes except he didn't pay that is called tax evasion.
Alternatively Trump was a colossal business failure not for one or two years but for decades racking up more than a billion dollars in losses. In that case yes he is not required to pay income taxes (he can carry forward losses) however that means he is a failure as a businessman.
There is no scenario where a successful business man doesn't have income taxes for 20 years. A single year? Sure. A few years in 20? Maybe. Not 15 out of 20 years and with two of the paying years being $750.
So ask him which is it:
a) Trump engaged in tax evasion
b) Trump is a broke failure of a businessman
It can't be both. If you have net income (the very definition of success in business) you pay income taxes. How much you pay might vary but you pay.