General Discussion
In reply to the discussion: Why isn't there any talk about prosecuting Trump for fraud on the tax returns? [View all]TigressDem
(5,126 posts)So in 2015 he would have reported around 1,700,000 in net income to actually pay $641,931 in taxes.
https://graphics.wsj.com/table/trump_income_may_8_2016
There are 108 lines of income from various tRUMP companies between 2014 - 2015
Here are the first 5 lines
Trump Management Inc. $17,969
208 Productions LLC $14,222
Trump National Golf Club Philadelphia; Pine Hill, NJ $4,940,900
Trump Chicago Hotel Manager $1,812,306
Trump International Realty LLC $2,087,379
Trump International Hotel Las Vegas condominium $18,370,000
5 listings - 27,242,776 even keeping in mind this is an 18 month and not 12 month graph, 27 million is a hell of a lot more than 1.7 million and there are 103 more income streams not even touched.
ANYONE making 27 million would be paying somewhere in the vicinity of 10 million in taxes unless they had a lot of deductions.
SO TRUMP is making HEAVY use of deductions. The question is: HOW MANY OF THOSE ARE TOTAL LIES?
https://time.com/6243809/trumps-tax-returns-released/
A report by Congress nonpartisan Joint Committee on Taxation released last week showed Trump paid:
$641,931 in federal income taxes in 2015, the year he began his campaign for president. He went on to pay
$750 in 2016 and
$750 in 2017, nearly
$1 million in 2018,
$133,445 in 2019 and
nothing in 2020.
