Read how much Trump paid — or didn’t pay — in taxes each year

CNBC.com ^ | 12/21/2022 | Dan Mangan

[muir_redwoods]

Congress and the IRS make the rules; we play the game. If Trumps accountants found a legal way to avoid being raped by the IRS, more power to them.

[stylin19a]

These yahoos forget about the "net operating loss carryforward".

old article from NPR.

https://www.npr.org/sections/thetwo-way/2016/10/04/496463285/is-it-fair-that-businesses-get-to-carry-forward-their-losses

When a business taxpayer has negative income, that loss can be used to get a refund for past taxes paid or get carried forward to reduce future tax bills. Under current law, you can carry back two years and carry forward for 20.

Congress has been allowing net operating loss — NOL — credits since 1918.

How often does one get to use it ? I don't know

[Lisbon1940]

Those clips all mention being “under audit,” which is not the same as being audited.

[stylin19a]

not proof...just a report.

https://www.vanityfair.com/news/2022/12/donald-trump-avoided-irs-audit-in-first-two-years-of-presidency

NYTimes also reporting

https://www.nytimes.com/2022/12/20/us/politics/trump-tax-returns-irs-audit.html

Pres. Trump said he was being audited - during a debate

https://dailycaller.com/2016/02/25/trump-says-he-cant-release-taxes-because-hes-being-audited-video/

[Dogbert41]

“The IRS reported to the House Ways and Means commitee Trump was not under audit during the years he claimed he was. The report is online via pdf.”

I remember Lois Lerner taking the 5th and then her full retirement. Where is the Tea Party today?

That’s like saying, “The FBI says there was no spying on the President of the United States.” Everyone gets their full retirement and then big money jobs with the Mockingbird Media.