wonder how his prescription drug executive order is going so far, pretty sure Big Pharma is wiping its ass with it.
It will be ready in “two weeks “.
wonder how his prescription drug executive order is going so far, pretty sure Big Pharma is wiping its ass with it.
uh oh, NY Times got its hands on some tax return data:
https://www.nytimes.com/interactive/...gtype=Homepage
What a fraudster.
Trump is a prime example of why the electoral college is ed.
After The Times declined to provide the records, in order to protect its sources, Mr. Garten took direct issue only with the amount of taxes Mr. Trump had paid.
this stood out
Business losses can work like a tax-avoidance coupon: A dollar lost on one business reduces a dollar of taxable income from elsewhere. The types and amounts of income that can be used in a given year vary, depending on an owner’s tax status. But some losses can be saved for later use, or even used to request a refund on taxes paid in a prior year.
Until 2009, those coupons could be used to wipe away taxes going back only two years. But that November, the window was more than doubled by a little-noticed provision in a bill Mr. Obama signed as part of the Great Recession recovery effort. Now business owners could request full refunds of taxes paid in the prior four years, and 50 percent of those from the year before that.
Mr. Trump had paid no income taxes in 2008. But the change meant that when he filed his taxes for 2009, he could seek a refund of not just the $13.3 million he had paid in 2007, but also the combined $56.9 million paid in 2005 and 2006, when “The Apprentice” created what was likely the biggest income tax bite of his life.
The records reviewed by The Times indicate that Mr. Trump filed for the first of several tranches of his refund several weeks later, in January 2010. That set off what tax professionals refer to as a “quickie refund,” a check processed in 90 days on a tentative basis, pending an audit by the I.R.S.
His total federal income tax refund would eventually grow to $70.1 million, plus $2,733,184 in interest. He also received $21.2 million in state and local refunds, which often piggyback on federal filings.
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
he made a lot of money on The Apprentice and has been dumping said money into ty real estate deals ever since, even without depreciation they still report a net loss where he has to make cash contributions
this guy being a "good deal maker"
If the auditors ultimately disallow Mr. Trump’s $72.9 million federal refund, he will be forced to return that money with interest, and possibly penalties, a total that could exceed $100 million. He could also be ordered to return the state and local refunds based on the same claims.
To bad for you he still worth more then you and is president of the USA
home cooking
Rather, there appears to be a closer-to-home explanation for at least some of the fees: Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.
The “consultants” are not identified in the tax records. But evidence of this arrangement was gleaned by comparing the confidential tax records to the financial disclosures Ivanka Trump filed when she joined the White House staff in 2017. Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.
don't deflect, this is horrible news for Trump no matter what. He plays a great deal maker on TV but this removes any doubt about how he's a ty one in real life.
You voted for him because of The Apprentice and now the city you live in has over 20% unemployment.
Leaking tax reports is jail time
Tax returns for presidents are not required
They are private
He gave more $ paper then any president ever did
It was higher in 2014
even Clay Davis from The Wire is chiming in
Open your eyes man. I bet you pay more taxes than Trump and it’s not even funny because Donald seems himself a billionaire.
Owner of amazon who is worth more then Trump paid 0 taxes
Not unprecedented, Monroe and McKinley both became bankrupt while in office. Monroe even asked Congress for a personal bailout -- an got one!
https://blog.vanhornlawgroup.com/pre...-bankruptcies/This time around, he is personally responsible for loans and other debts totaling $421 million, with most of it coming due within four years. Should he win re-election, his lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president.
He has been audited for years for sure since he has been president
He has not broken any tax laws
How long do audits take, ducks?
He's just a grifter who conned tens of millions of re s like you into thinking he was a great deal maker who'd bring manufacturing jobs back
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