More to the point you don't even understand the po
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Posted On: 07/28/2023 8:48:26 PM
More to the point you don't even understand the point you tried and failed to make. Unlike his predecessors Trump refused to release his tax returns while he was president, Why?
Would you not be all over Obama or Biden if they die the same?
On September 27, 2020, The New York Times published a report on more than two decades of Trump's tax-return data, including information from 2017 and 2018 (his first two years in office), having obtained the data earlier that month.[52] The documents contradict many of Trump's public claims to have a flourishing and prosperous business empire,[52] showing that as a result of reporting losses in many years and receiving a $72.9 million tax refund, Trump paid no net federal income taxes in 11 of 18 years of the past two decades.
After the refund, Trump had an average tax bill of $1.4 million per year over the 18 years.[52][167] In 2016, Trump paid only $750 in federal income tax, and in 2017, he paid another $750 in federal income tax.[52]
This was much less than other recent presidents paid while in office. His immediate two predecessors, Obama and George W. Bush, routinely paid $100,000 annually in federal income tax, and sometimes far more.[167] In 2017, Trump's pre-credit tax liability was $7,435,857.
All but $750 of this amount was negated by carried-over tax credits, of which he had $22.7 million at the time. It is unclear why Trump chose not to completely cancel out his federal income tax liability.[168]
The data does not reveal Trump's net worth.[52] Tax-return data largely lack specifics allowing for financial connections to be identified, and the data does not reveal any previously unknown connections to Russia.[52]
https://en.wikipedia.org/wiki/Tax_returns_of_...far%20more.
Writing for New York Daily News, investigative journalist David Cay Johnston opined that the returns could help convict Trump in the Manhattan district attorney's criminal probe, stating that they evidence "easy-to-prove state income tax fraud charges" . According to Johnston, the returns are "rich with what the IRS calls 'badges of fraud,'" such as "hundreds of thousands of dollars in unexplained expenses" on numerous Schedule C forms showing zero income and "revenues and expenses that [suspiciously match] to the dollar". Johnston said these methods were used by Trump in 1984 and found by New York judges to constitute civil tax fraud.[175]
The Daily News separately argued that the returns "show that Trump is a proven liar", specifically claiming that in both 2014 and 2015 he was erroneously awarded $300 for a New York school property tax exemption, which is only for people with a federal adjusted gross income (AGI) under $500,000. Trump refunded hundreds of dollars and did not claim the break again, but his returns from 2015–2017 and 2020 report negative AGI—making him eligible for the exemption in those years.[176]
Would you not be all over Obama or Biden if they die the same?
On September 27, 2020, The New York Times published a report on more than two decades of Trump's tax-return data, including information from 2017 and 2018 (his first two years in office), having obtained the data earlier that month.[52] The documents contradict many of Trump's public claims to have a flourishing and prosperous business empire,[52] showing that as a result of reporting losses in many years and receiving a $72.9 million tax refund, Trump paid no net federal income taxes in 11 of 18 years of the past two decades.
After the refund, Trump had an average tax bill of $1.4 million per year over the 18 years.[52][167] In 2016, Trump paid only $750 in federal income tax, and in 2017, he paid another $750 in federal income tax.[52]
This was much less than other recent presidents paid while in office. His immediate two predecessors, Obama and George W. Bush, routinely paid $100,000 annually in federal income tax, and sometimes far more.[167] In 2017, Trump's pre-credit tax liability was $7,435,857.
All but $750 of this amount was negated by carried-over tax credits, of which he had $22.7 million at the time. It is unclear why Trump chose not to completely cancel out his federal income tax liability.[168]
The data does not reveal Trump's net worth.[52] Tax-return data largely lack specifics allowing for financial connections to be identified, and the data does not reveal any previously unknown connections to Russia.[52]
https://en.wikipedia.org/wiki/Tax_returns_of_...far%20more.
Writing for New York Daily News, investigative journalist David Cay Johnston opined that the returns could help convict Trump in the Manhattan district attorney's criminal probe, stating that they evidence "easy-to-prove state income tax fraud charges" . According to Johnston, the returns are "rich with what the IRS calls 'badges of fraud,'" such as "hundreds of thousands of dollars in unexplained expenses" on numerous Schedule C forms showing zero income and "revenues and expenses that [suspiciously match] to the dollar". Johnston said these methods were used by Trump in 1984 and found by New York judges to constitute civil tax fraud.[175]
The Daily News separately argued that the returns "show that Trump is a proven liar", specifically claiming that in both 2014 and 2015 he was erroneously awarded $300 for a New York school property tax exemption, which is only for people with a federal adjusted gross income (AGI) under $500,000. Trump refunded hundreds of dollars and did not claim the break again, but his returns from 2015–2017 and 2020 report negative AGI—making him eligible for the exemption in those years.[176]
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