Trump paid less in taxes than a household that makes 20k per year

[Kondor3]

The Trump organization pays millions in Federal, State and Local taxes every damn year.

This is about personal taxes, not corporate taxes, isn't it? Did Trump really pay that little in taxes in those years?

 

[miketx]

Let this be a lesson in tax politics. The wealthy and corporations are not “taxed enough already” because they do not pay the OFFICIAL tax rate. They pay an EFFECTIVE tax rate.

Trump paid $716 in federal taxes in 2016 and 2017. The average 20k household plays more than $800. Those making between 50k and 75k pay an average of 5k in taxes.

“Real estate offers some unique tax advantages, mainly the ability to write off depreciation against income. It’s common for a real estate investor to show a loss on their income tax return while receiving positive cash flow for the year.

Fractional real estate investors also receive similar benefits. The investment platform Arrived Homes, known for letting investors buy shares of rental properties with as little as $100, paid out $47,000 in dividends to investors in 2021, but only about $2,800 was considered taxable income. The rest was nontaxable return of principal.

That means Arrived Homes investors collectively only needed to report $2,800 in taxable income, despite receiving $47,000 in dividends. Arrived Homes has already paid out $303,000 in dividends so far in 2022 and investors will likely get another nice break come tax time next year.

Another likely reason for Trump’s low tax bills is the use of a tax loss carryforward. Companies such as The Trump Organization can carry losses over from one year to offset taxes in subsequent years. Trump used this strategy after realizing nearly $1 billion in losses in the early 1990s. He was able to carry those losses over each year until 2005.”

How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year

Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public...

finance.yahoo.com

You lie.

 

[BrokeLoser]

This is about personal taxes, not corporate taxes, isn't it? Did Trump really pay that little in taxes in those years?

Whats hilarious is….all the disgusting Libtards like Billy000 and JackOfNoTrades tell us daily how Trump used his office of the presidency as a profit center for himself and the Trump Organization…THEN two threads later they tell us how he’s a phony billionaire and that his companies don’t make money….you have to admit, these TDS’ing whack-jobs are fascinating as all hell.

 

[Jim H - VA USA]

Let this be a lesson in tax politics. The wealthy and corporations are not “taxed enough already” because they do not pay the OFFICIAL tax rate. They pay an EFFECTIVE tax rate.

Trump paid $716 in federal taxes in 2016 and 2017. The average 20k household plays more than $800. Those making between 50k and 75k pay an average of 5k in taxes.

“Real estate offers some unique tax advantages, mainly the ability to write off depreciation against income. It’s common for a real estate investor to show a loss on their income tax return while receiving positive cash flow for the year.

Fractional real estate investors also receive similar benefits. The investment platform Arrived Homes, known for letting investors buy shares of rental properties with as little as $100, paid out $47,000 in dividends to investors in 2021, but only about $2,800 was considered taxable income. The rest was nontaxable return of principal.

That means Arrived Homes investors collectively only needed to report $2,800 in taxable income, despite receiving $47,000 in dividends. Arrived Homes has already paid out $303,000 in dividends so far in 2022 and investors will likely get another nice break come tax time next year.

Another likely reason for Trump’s low tax bills is the use of a tax loss carryforward. Companies such as The Trump Organization can carry losses over from one year to offset taxes in subsequent years. Trump used this strategy after realizing nearly $1 billion in losses in the early 1990s. He was able to carry those losses over each year until 2005.”

How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year

Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public...

finance.yahoo.com

All legal.

Jill Biden formed an S-corp to save tons of money on taxes. She basically declared herself to be a corporation.

It's completely legal.

In Trump's case, he is CEO of a Company. Any CEO who does not legally minimize the company's tax burden is not qualified to be CEO.

This thread has some analogies to Elizabeth "Pocahontas" Warren calling out Elon Musk for "not paying his fair share". He possibly paid more taxes than any other American.

We need to quit vilifying the successful. We need more people to be successful and rich. Their success is not at the expense of others. These rich people employ thousands of people who also pay income taxes and social security and medicaid and property taxes and sales taxes, yadda yadda yadda.

Quit thinking you are entitled to other people's money for some illogical reason. They pay way way more taxes than you do, but they are one person like you. Go make your own money if you need more, and quit demanding it from others.

Unless you pay more taxes than you are legally obligated to pay, go pound sand. Everyone... Absolutely everyone, tries not to pay more taxes than the law allows.

 

[blackhawk]

Trump did not write the tax laws if you have a problem with them take it up with those who did.

 

[whitehall]

According to the NYT? Oh yeah, that's an impartial source.

 

[LeftofLeft]

Let this be a lesson in tax politics. The wealthy and corporations are not “taxed enough already” because they do not pay the OFFICIAL tax rate. They pay an EFFECTIVE tax rate.

Trump paid $716 in federal taxes in 2016 and 2017. The average 20k household plays more than $800. Those making between 50k and 75k pay an average of 5k in taxes.

“Real estate offers some unique tax advantages, mainly the ability to write off depreciation against income. It’s common for a real estate investor to show a loss on their income tax return while receiving positive cash flow for the year.

Fractional real estate investors also receive similar benefits. The investment platform Arrived Homes, known for letting investors buy shares of rental properties with as little as $100, paid out $47,000 in dividends to investors in 2021, but only about $2,800 was considered taxable income. The rest was nontaxable return of principal.

That means Arrived Homes investors collectively only needed to report $2,800 in taxable income, despite receiving $47,000 in dividends. Arrived Homes has already paid out $303,000 in dividends so far in 2022 and investors will likely get another nice break come tax time next year.

Another likely reason for Trump’s low tax bills is the use of a tax loss carryforward. Companies such as The Trump Organization can carry losses over from one year to offset taxes in subsequent years. Trump used this strategy after realizing nearly $1 billion in losses in the early 1990s. He was able to carry those losses over each year until 2005.”

How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year

Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public...

finance.yahoo.com

Show US where and how he broke the Law vs. taking advantage of Tax Law. Carry losses forward is part of the Tax Law. Your post is replete with partisanship and class warfare. Aren’t you the least bit curious how lifelong politicians end up multimillionaires on public servant salaries? See Clinton, Obama, Biden, Sanders.

 

[lennypartiv]

Billy doen't like that Trump played the game the right way.

 

[OhPleaseJustQuit]

Billy and the rest of the goldfish just slurp up whatever is fed to them by Democrat Media. It's so much easier than thinking.

And for them, lying is a hobby, so there's no way they even need to bother to confirm the veracity of their sources. More lies -- it's all good.

 

[initforme]

All billionaires don't become billionaires by paying taxes. Party, more appropriately today, cult affiliation, does not matter. Tax laws are meant it really is the hard working barely scraping by, holding on by a thread, that truly make the nation go.

 

[OhPleaseJustQuit]

Show US where and how he broke the Law vs. taking advantage of Tax Law. Carry losses forward is part of the Tax Law. Your post is replete with partisanship and class warfare. Aren’t you the least bit curious how lifelong politicians end up multimillionaires on public servant salaries? See Clinton, Obama, Biden, Sanders.

He can't. When you get close to pinning Billy down, he runs and hides.

Proggy slime runs and hides.

 

[initforme]

I have to laugh when people try to tell us that there is some kind of labor shortage and then back that lie up with it's going to get worse. Uber rich people wouldn't be Uber rich unless they had a low wage labor force. There's plenty of workers and labor.

 

[j-mac]

Let this be a lesson in tax politics. The wealthy and corporations are not “taxed enough already” because they do not pay the OFFICIAL tax rate. They pay an EFFECTIVE tax rate.

Trump paid $716 in federal taxes in 2016 and 2017. The average 20k household plays more than $800. Those making between 50k and 75k pay an average of 5k in taxes.

“Real estate offers some unique tax advantages, mainly the ability to write off depreciation against income. It’s common for a real estate investor to show a loss on their income tax return while receiving positive cash flow for the year.

Fractional real estate investors also receive similar benefits. The investment platform Arrived Homes, known for letting investors buy shares of rental properties with as little as $100, paid out $47,000 in dividends to investors in 2021, but only about $2,800 was considered taxable income. The rest was nontaxable return of principal.

That means Arrived Homes investors collectively only needed to report $2,800 in taxable income, despite receiving $47,000 in dividends. Arrived Homes has already paid out $303,000 in dividends so far in 2022 and investors will likely get another nice break come tax time next year.

Another likely reason for Trump’s low tax bills is the use of a tax loss carryforward. Companies such as The Trump Organization can carry losses over from one year to offset taxes in subsequent years. Trump used this strategy after realizing nearly $1 billion in losses in the early 1990s. He was able to carry those losses over each year until 2005.”

How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year

Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public...

finance.yahoo.com

Harry Reid, is that you? Lol

 

[CrusaderFrank]

Trump Organization generated more economic activity than any average person making $20K/year

 

[LAUGHatLEFTISTS]

Let this be a lesson in tax politics. The wealthy and corporations are not “taxed enough already” because they do not pay the OFFICIAL tax rate. They pay an EFFECTIVE tax rate.

Trump paid $716 in federal taxes in 2016 and 2017. The average 20k household plays more than $800. Those making between 50k and 75k pay an average of 5k in taxes.

“Real estate offers some unique tax advantages, mainly the ability to write off depreciation against income. It’s common for a real estate investor to show a loss on their income tax return while receiving positive cash flow for the year.

Fractional real estate investors also receive similar benefits. The investment platform Arrived Homes, known for letting investors buy shares of rental properties with as little as $100, paid out $47,000 in dividends to investors in 2021, but only about $2,800 was considered taxable income. The rest was nontaxable return of principal.

That means Arrived Homes investors collectively only needed to report $2,800 in taxable income, despite receiving $47,000 in dividends. Arrived Homes has already paid out $303,000 in dividends so far in 2022 and investors will likely get another nice break come tax time next year.

Another likely reason for Trump’s low tax bills is the use of a tax loss carryforward. Companies such as The Trump Organization can carry losses over from one year to offset taxes in subsequent years. Trump used this strategy after realizing nearly $1 billion in losses in the early 1990s. He was able to carry those losses over each year until 2005.”

How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year

Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public...

finance.yahoo.com

Mitt Romney never paid taxes! Never! Really! Never Ever!

 

[LAUGHatLEFTISTS]

Because he has built his entire persona on the illusion that he is a successful real estate developer/businessman. The man who wrote the Art of the Deal. The bragging. The blustering. The refusal to pay his contractors, his employees, his legal help money for services rendered. An ego so big he routinely tried to bed other men's wives..while they were on the phone with him. His tax returns will show he is anything but a successful businessman. Massive losses written off. Huge deficits in net income. He didn't make very much money.

All in all, a lifetime built on bullshit. He's a fraud. A failure. A worthless businessman.
All smoke and mirrors.

Yeah? Joes basically retarded.

 

[Remodeling Maidiac]

Billy and the rest of the goldfish just slurp up whatever is fed to them by Democrat Media. It's so much easier than thinking.

This problem isn't unique to the left. The right has our own media that we believe every word of too.

Very few from either side seem capable of independent thought.

 

[iamwhatiseem]

Lol you mean the company’s CFO who admitted to tax fraud?

His own personal taxes he defrauded

 

[iamwhatiseem]

It is hilarious this old story keeps bouncing back.

 

[Papageorgio]

What are you even talking about? In this scenario, not only would I not be taking advantage of any deductions or loopholes, but I would be paying more than the official tax rate. I didn’t tell anyone to do that. Good god lol

You take all the eligible deductions, correct? If you do, you are just like Trump because that is what he does. It is all legal and acceptable.