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- Jan 26, 2015
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Donald Trump directed lots of his money to the Trump Foundation instead. Individuals do not have to pay taxes on charity money.
Trump has previously said that he dislikes crooked people.
Washington Post, September 26th, 2016:
Trump directed $2.3 million owed to him to his tax-exempt foundation instead
By David A. Fahrenthold
Politics
September 26 at 4:40 PM
Trump has previously said that he dislikes crooked people.
Washington Post, September 26th, 2016:
Trump directed $2.3 million owed to him to his tax-exempt foundation instead
By David A. Fahrenthold
Politics
September 26 at 4:40 PM
Trump directed $2.3 million owed to him to his tax-exempt foundation insteadDonald Trump’s charitable foundation has received approximately $2.3 million from companies that owed money to Trump or one of his businesses but were instructed to pay Trump’s tax-exempt foundation instead, according to people familiar with the transactions.
In cases where he diverted his own income to his foundation, tax experts said, Trump would still likely be required to pay taxes on the income. Trump has refused to release his personal tax returns. His campaign said he paid income tax on one of the donations, but did not respond to questions about the others.
That gift was a $400,000 payment from Comedy Central, which owed Trump an appearance fee for his 2011 “roast.”
Then there were payments totaling nearly $1.9 million from a man in New York City who sells sought-after tickets and one-of-a-kind experiences to wealthy clients.