Trump calls New York Times report that he avoid paying taxes 'totally made up'

Fox News ^ | 09.28.2020 | Andrew O'Reilly

[I want the USA back]

Saying how much he paid in taxes is meaningless. You need to know the amount of income, broken down by the different ways the IRS taxes things, cap gains, ordinary income, etc. Then the deductions. Then medical, etc.

Obviously too much to fit in a headline, but saying he paid $750 in taxes is essentially a lie, without the other information. They want the public to think he made millions and paid very little in taxes.

[ridesthemiles]

The write offs are the same for Pete the Plumber if he owns his own commercial building.

IF all you are filing is a 1040 EZ, you are totally ignorant about depreciation, etc.

[semimojo]

He can pay himself whatever he wants for payroll.

True, but he has other ways of taking money out of Berkshire. They don't pay dividends but he can clearly sell his stock which results in capital gains (and private jets).

On October 10, 2016, after a reference to him in the second presidential debate, Buffett released his own tax return.[172][173] He said he had paid $1.85 million in federal income taxes in 2015 on an adjusted gross income of $11.6 million, meaning he had an effective federal income tax rate of around 16 percent.

[PhillyPhreeper]

Agreed. In 40 years of paying taxes my tax bill was never the same. $750 in two consecutive years is definitely the obvious clue. Fake News

[octex]

I think the issue involves Trump’s personal income tax, not the taxes relative to the Trump Group Corp.

Two, very different, tax returns. Trump hasn’t been involved in the Corp. since ‘16.