trump taxes

[rickyb]

i will be posting quotes from a variety of sources as to how much taxes trump paid. no one i listen to has said its not accurate. ill be posting investigative journalist david cay johnstons interview about it when it gets uploaded.

NYT: Trump Paid $750 in Fed. Income Taxes in 2016, No Income Taxes in 10 of Last 15 Years

The New York Times published an explosive report diving into over two decades of President Trump’s tax returns, which reveal he paid no income taxes at all in 10 of the last 15 years. The report also finds he paid just $750 in federal income tax in 2016, the year he was elected. According to the...

www.democracynow.org

nader and public citizen:

america's most famous marxian economist:

i think this was the labour secretary under bill clinton. not sure if hes a socialist but hes not a bad guy and i think he was anti nafta:

economist steve keen who i believe predicted the financial crisis of 2008:

stacy herbert, co host of an economics tv show which rec bitcoin since at least 2011:

 

[rickyb]

Stacy Herbert

@stacyherbert
·
21h

I think it's pretty ty that Trump (and other billionaires) can pay $750 in taxes in a year whereas I have to fork over 52% (including state). Nor did I get any 'free' Covid money. Not a penny. And yet billionaires raked in tens of billions in taxpayer 'relief' funds.

 

[rickyb]

o btw theres a 2 tiered legal system too. the rich get away with murder.

 

[Wally]

Yawn.

 

[rickyb]

many of the largest corporations in america pay no taxes.

its amazing the correllation between billionaires influence over government and their effective tax rates.

 

[rod]

As much as I hate hearing about corporations and rich people not paying any taxes I also believe it it the fault of our failed tax laws and loop holes that allow this. If you were filthy rich and could get out of paying your share "legally" you would do the same too. I've read stories where a person will call the IRS 10 times for a clarification on some tax issue and get 10 different answers. When the IRS can't even agree on their own tax codes the whole system needs scrapped.

 

[rickyb]

As much as I hate hearing about corporations and rich people not paying any taxes I also believe it it the fault of our failed tax laws and loop holes that allow this. If you were filthy rich and could get out of paying your share "legally" you would do the same too. I've read stories where a person will call the IRS 10 times for a clarification on some tax issue and get 10 different answers. When the IRS can't even agree on their own tax codes the whole system needs scrapped.

 

[Jumpin Jack Flash]

We have no idea if what Trump did was legal. He’s certainly a scumbag!

 

[It will be fine]

View attachment 311243

I don’t think it’s a covert campaign. There’s an entire political party that exists solely to eliminate taxes for the wealthy.

 

[rickyb]

I don’t think it’s a covert campaign. There’s an entire political party that exists solely to eliminate taxes for the wealthy.

alot of ppl are probably clueless. i doubt democrats are innocent. i agree republicans are rotten. i heard theyre out raising trump this campaign season in bribes!

 

[Wally]

I don’t think it’s a covert campaign. There’s an entire political party that exists solely to eliminate taxes for the wealthy.

Joe Biden? 45 years in office, making tax law.

 

[fishtm2001]

Just do as you promised, donald. Release your tax returns.

 

[DriveInDriveOut]

Just do as you promised, donald. Release your tax returns.

Hunter Biden.
Carry on.

 

[Wally]

Biden helping banks crush people behind on credit cards. Many of them minorities.

 

[fishtm2001]

Economists Emmanuel Saez and Gabriel Zucman at the University of California, Berkeley, found that in 2018 billionaires faced a small burden than did the working class for the first time in 100 years: The richest 400 Americans paid an overall tax rate of 23% — including federal, state and local taxes — compared with 24.2% for the bottom 50%.

 

[silenze]

Economists Emmanuel Saez and Gabriel Zucman at the University of California, Berkeley, found that in 2018 billionaires faced a small burden than did the working class for the first time in 100 years: The richest 400 Americans paid an overall tax rate of 23% — including federal, state and local taxes — compared with 24.2% for the bottom 50%.

I thought the bottom 50% pay no taxes

 

[AKCoverMan]

many of the largest corporations in america pay no taxes.

its amazing the correllation between billionaires influence over government and their effective tax rates.

Can you name one? If so did that company make a profit in the tax year they paid no taxes? BTWevery publicity traded corporation has all their finances on file at the SEC you can look them up right on line.

To be clear, there is no tax, none whatsoever, on a person who is a Billionaire unless that Billionaire had income that year.

But it sounds like you just don’t like anyone who has been more financially successful than you.

 

[fishtm2001]

Can you name one? If so did that company make a profit in the tax year they paid no taxes? BTWevery publicity traded corporation has all their finances on file at the SEC you can look them up right on line.

To be clear, there is no tax, none whatsoever, on a person who is a Billionaire unless that Billionaire had income that year.

But it sounds like you just don’t like anyone who has been more financially successful than you.

"Beyond wealthy individuals, the Trump tax law also made it easier for big corporations to avoid paying income taxes, now at a 21% rate. Despite making billions in profits, a number of them receive tax rebates exceeding their income tax bills, giving them effectively a negative tax rate. Some of the companies that have done this in recent years according to their public filings include Amazon, General Motors, IBM and Netflix.
Apple, the most valuable company in the world, has used the the tax code to avoid paying billions in U.S. taxes by deploying a complex setup involving subsidiaries in Ireland.
More recently, embedded in the $2.3 trillion pandemic rescue package speedily enacted in March is a tax break piggybacked onto the earlier break for “pass-through” companies. Experts say it helps mostly millionaires.
The new change in the tax code would deliver nearly 82% of its benefits to about 43,000 taxpayers earning more than $1 million yearly, according to an estimate from nonpartisan congressional tax analysts. And it would cost U.S. taxpayers $86 billion this year by reducing tax revenue captured by the government, the Joint Committee on Taxation calculated earlier this year."

AP

 

[SLW]

But it sounds like you just don’t like anyone who has been more financially successful than you.

Keep simping, I'm sure they'll let you in on some of those billions one of these days.

 

[fishtm2001]

"Ever since he announced his presidential campaign in 2015, he has refused to disclose his tax returns on the flimsy ground that he was being audited, thereby depriving the nation of knowing when his personal financial interests might influence his initiatives as chief executive. He also declined to create a blind trust and, instead, rolled his interests into a trust managed by his son Eric and the chief financial officer of the Trump organization. This ostensible separation of Trump from his businesses has been a sham in appearance and reality. Trump continued to monitor his enterprises in various ways, and to profit off of them because of his office. "

Lawfare