Posted on 05/20/2016 6:04:49 PM PDT by usafa92
Donald Trump paid no federal income taxes for at least two years in the late 1970s, according to a New Jersey government report.
Trump, who has declined to release his tax returns during the campaign season, incurred no tax liability in 1978 and 1979, New Jersey gambling regulators found, when they looked into his tax returns and personal finances in connection with the Trump Plaza Corporation's 1981 application for a casino license.
Trump claimed negative income in both those years: losses of $406,379 in 1978 and $3,443,560 in 1979. In 1975, 1976, and 1977, he claimed $76,210, $24,594, and $118,530 in income, respectively, paying $18,714, $10,832, and $42,386 in federal taxes, according to the document, the Report to the Casino Control Commission.
The regulators "did not ascertain any inconsistent or questionable matters" in Trump's returns, they wrote.
The findings were included in a report obtained by ABC News and verified by the New Jersey Casino Control Commission. Although the regulators viewed Trump's tax returns from 1975 to 1979, they did not include the actual returns in their report to the commission.
(Excerpt) Read more at abcnews.go.com ...
Absolutely pathetic.
38 years ago? Are they kidding? Hey, MSM, I stole a candy bar from a store when I was 10. Come get me you assh&les. After all, I confessed.
I hear he also wore bell bottoms and listened to the bee gees too
I have one source that says he spit baby food on the floor when he was 4 months. I just need one more source to confirm and I’m going viral with it.
I hear he also wore bell bottoms and listened to the bee gees too
So they can go back all those years and find every detail about Trumps life and finances yet they never bothered to investigate huuseins past life at all. Weird, ain’t it?
Why? Using tax-loss carry forward, it’s possible to apply the losing year to the next winning year and cancel out the difference. Wealth and income are not equivalent.
I’m a retired developer. It’s not uncommon to show a loss for a year or two, especially near the end of a project. I’m surprised those are the only years they found losses.
It happens. So what.
Yawn.
Wake me up when they start investigation the Clinton slush fund.
Never mind—I’ll have to sleep for years waiting for the MSM to look into that.
What year was crooked Hillary’s cattle future scam?
Hah! I got you beat! I have sped, failed to use turn signals, urinated in a navigable waterway, walked on public sidewalks drunk, smoked weed in my youth and pilfered candy as a child.
How about Bernie’s Federal income tax form from 1978? har har har
I tore the tag off my mattress. I still think they will get me for that one.
What it shows is how ridiculously high the pre-Reagan era federal income tax rates were - even on a fairly modest net income.
Thanks President Reagan.
Once again, it shows Trump was a clever and prudent business man even back then.
I meant the media hit piece.
bernie was on foodstamps at that time LOLOLOL
AH yes...... another thought spread it far & spread it wide
Bernie Sanders The Food Stamp Prez
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