Trump doesn't have the income he claims.....which is why he won't release his tax returns.
More importantly, this is probably tax fraud. Gifts in kind are valued by the donor, subject to substantiation by the IRS if requested ( another potential problem.<. So Trump "donates" a tee time at one of his clubs..says it's worth $1000..takes a tax deduction...which sticks it to the taxpayers...instead..it's worth more like an unsold seat at a movie, or on an airplane...closer to ZERO...That's tax fraud..big time, baby...
Remember back when Hillary donated Bill's used BVDs..claimed $1 for each of them..
Lots of assumptions with no proof. What income does Trump claim?
He wont release his tax returns until he’s the nominee and then its time for everyone to lay them on the table all at once, including the Clintons
He’s been audited for 12 years running. does anyone expect surprises?
>> Trump doesn’t have the income he claims.....which is why he won’t release his tax returns <<
Occam’s razor can cut deeply.
So THAT is why he is audited so much. They have to verify the “value” of what he claims he gave, no money, to what it was actually worth.
Also explains why the types of gifts were given. With the economy bad, less golf memberships, many less people taking vacations, and closing casinos. So are the working people who pay taxes actually paying for those gifts or is it just a numbers game?
I think you can take losses for 5 years on a business? The greatest golf course in the world lost money the last 3 years. Time to run for president!