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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow Much Does Donald Trump Pay in Taxes? It Could Be Zero
source: New York Times
" Mitt Romney was excoriated during the 2012 presidential campaign for paying $4.9 million in federal income tax, or an average of just 14 percent of his adjusted gross income, in the two years for which he released returns.
No one should be surprised, though, if Donald J. Trump has paid far less perhaps even zero federal income tax in some years. Indeed, thats the expectation of numerous real estate and tax professionals Ive interviewed in recent weeks.
Even with hundreds of millions in gross revenue from his vast real estate empire, its both possible and legal that Donald Trump would pay little or no income tax, said Len Green, an accountant and chairman of the Green Group, a tax and accounting advisory firm. Mr. Green is also a real estate investor, teaches at Babson College and is the author of the forthcoming The Entrepreneurs Playbook.
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more at: http://www.nytimes.com/2016/08/12/business/how-much-does-donald-trump-pay-in-taxes-it-could-be-zero.html?_r=0
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At this point can there be any doubt whatsoever that there are things in the tax returns which would so thoroughly derail the Don the Con campaign that to carry on would actually be a money losing proposition for The Con? Even though he has no concern for the good of our country he isn't about to knowingly throw the money he has conned from so many away.
Travis_0004
(5,417 posts)Hell, I can't blame the guy for taking every deduction he is legally entitled to.
Yes, it shows the system is broken, and I realize that Donald Trump has no plans to fix the system, but I can't blame a guy or a corporation when they take as many deductions as possible, and pay as little as legally possible. As an Accountant, my entire job often revolves around paying as little taxes as legally required.
63splitwindow
(2,657 posts)Do you agree that he should not release his tax returns?