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'Total fake': Trump rips report claiming he paid $750 in federal income tax (BREAKING)
washingtontimes ^ | 9/27/20 | Dave Boyer

Posted on 09/27/2020 7:10:25 PM PDT by hapnHal

President Trump dismissed a published report on Sunday asserting that he paid only $750 in federal income taxes in 2016 and 2017, calling it “a total fake.”

“It will all be revealed, it’s going to come out,” Mr. Trump said of his tax records at a White House press conference. “I paid a lot [of federal taxes], and I paid a lot of state income taxes, too.”

He didn’t say how much he has paid in federal income tax in those years, saying that he is still under audit by the IRS.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Breaking News; News/Current Events; US: New York
KEYWORDS: 2020election; 750; 7fiddy; election2020; landslide; newyork; newyorkcity; newyorkslimes; newyorktimes; sidebarabuse; trump750; trumplandslide
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1 posted on 09/27/2020 7:10:25 PM PDT by hapnHal
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To: hapnHal

Did they mention that he donates his whole salary to charity?


2 posted on 09/27/2020 7:18:46 PM PDT by shelterguy
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To: hapnHal

The timing is right on cue. Remember what Harry Reid said about Romney’s taxes during that campaign?


3 posted on 09/27/2020 7:20:36 PM PDT by ryderann
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To: hapnHal

Even if he didn’t pay any taxes, his companies employ thousands of people, who do pay taxes.

Better that companies pay no taxes and use that money to employ people, where the taxes are likely to have multiplies many times over. Take the money directly from the employers, and there will be a lot less people employed.

Not that I believe Trump paid no income taxes directly, but, redistributing that corporate taxes via employment of people is far better for the overall economy, and keeps big government in check.


4 posted on 09/27/2020 7:23:02 PM PDT by adorno
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To: hapnHal

https://www.businessinsider.com/trump-team-tax-returns-rachel-maddow-2017-3

Well, he paid 38 million dollars in taxes for 2005


5 posted on 09/27/2020 7:25:00 PM PDT by BookmanTheJanitor
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To: hapnHal

The New York Times, saying it has obtained 20 years’ worth of “tax return data” for Mr. Trump and his companies, said he hasn’t paid any income taxes in 10 of the previous 15 years. The report said he hasn’t paid income taxes mainly because he reported losing much more money than he made.

If thats the case, Trump is a certifiable genius in the Einstien range. He needs to write a book on this, “Trump; The art on how to screw the government legally!”


6 posted on 09/27/2020 7:26:08 PM PDT by Bommer (I'm a MAGA-Deplorian! It is the way! It is the only way!)
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To: hapnHal

I would have found it almost impossible for anyone to have the exact same $750 tax liability in two consecutive years.


7 posted on 09/27/2020 7:26:47 PM PDT by Alberta's Child ("There’s somebody new and he sure ain't no rodeo man.")
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To: hapnHal; All

Interestingly, the only way to refute Trump’s charge of “fake news” is to out their source, the one that committed a felony.


8 posted on 09/27/2020 7:27:35 PM PDT by Mariner (War Criminal #18)
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To: hapnHal

The old Romney never paid any taxes fraud.


9 posted on 09/27/2020 7:28:55 PM PDT by bray (Pray for President Trump)
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To: bray

What this article doesn’t mention and is a boring headline is Trump pays hundreds of millions in payroll (FICA) for his 22,000 employees in his company, property taxes on his vast real estate holdings, New York City and State income taxes, as well as California, Virginia and other jurisdictions he owns property and receives income.

Businesses routinely carry forward losses and depreciation, especially in real estate. This isn’t anything scandalous. It is the nature of the business. He would be a fool to pay the IRS one penny more than the law requires.

The kicker of the story is even after the NY Times received 20 years of his taxes and analyzed them with a fine tooth comb they could not come up with a single crime or law broken. That’s really incredible when you think about it. Trump is cleaner than 99% of businessman. Imagine any other businessman having this level of scrutiny and coming away with nothing.


10 posted on 09/27/2020 7:34:15 PM PDT by springwater13
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To: hapnHal
Romney paid nothing...Trump paid $750.
11 posted on 09/27/2020 7:35:16 PM PDT by Gay State Conservative (Thanks To Biden Voters Oregon Is Now A Battleground State!)
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To: hapnHal

Doesn’t Trump donate his WH salary ? That’s a 400K writeoff right there ...


12 posted on 09/27/2020 7:38:00 PM PDT by 11th_VA (It’s a civilization thing, you wouldn’t Understand)
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To: adorno

The only people who give a hoot what tax’s Trump paid or not are those wanting to destroy his Presidency.


13 posted on 09/27/2020 7:40:20 PM PDT by caww (When a person becomes a Christian the assurance of truth becomes reality.....)
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To: ryderann
Remember what Harry Reid said about Romney’s taxes during that campaign?

Yeah, he said Romney paid no taxes. Then after the election it was found Reid lied, and when confronted if he had any regrets about lying, he said, “We won ...”

14 posted on 09/27/2020 7:42:08 PM PDT by 11th_VA (It’s a civilization thing, you wouldn’t Understand)
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To: hapnHal


15 posted on 09/27/2020 7:42:59 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: hapnHal
Perfectly legal not to pay taxes when your business makes a loss or your accountants make use of perfectly legal tax breaks. I haven't seen the IRS charge Trump with tax evasion at any time. So what is the Slimes’s point?
16 posted on 09/27/2020 7:43:06 PM PDT by SmokingJoe
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To: hapnHal

Early October surprise.


17 posted on 09/27/2020 7:53:29 PM PDT by aquila48 (Do not let them make you care! Guilting you is how they control you.)
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To: hapnHal

If his accountants were able to legal reduce his tax bill to $750, he should give ‘em a big raise and comp ‘em a weekend in one of his hotels.

Starve the Leviathan !


18 posted on 09/27/2020 7:56:03 PM PDT by tomkat
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To: Oops!
.. legally ..
19 posted on 09/27/2020 7:57:46 PM PDT by tomkat
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To: dragnet2

Al Capone is trending on twitter...the dems are all excited, comparing Trump to Capone and how he went to prison over his taxes...except one guy posted that “i just read the entire NYT piece and this is more like Geraldo opening up Capones vault”...now they are all depressed....AHAHAHAHAHAHAHAHAHAHAH


20 posted on 09/27/2020 7:59:49 PM PDT by basalt
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