Trump Admitted Not Paying Taxes at a 2016 Debate

[Slade3200]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

No....he's not just donating it to charity.
He's refusing his pay.

He’s not allowed to refuse his pay. Look it up

 

[meaner gene]

Failed businessmen aren't worth 2 BILLION dollars.

How much are you worth? Let's compare.

And the last time I checked he's not running for Edward Jones financial adviser, he's running to be president.

Accirding to Forbes, Trump isn't worth $2 billion.

 

[mudwhistle]

This is the real deal on this fake tax return smear by the Democrats:


September 29, 2020
People are misreading the New York Times’ article about Trump’s taxes

By Andrea Widburg

The Times claims that it has obtained Trump’s individual and business tax documents going back over twenty years, a “trove” containing mountains of data. Trump denied the charges, but the left ignored him. However, an astute Twitter user noted something that others missed: While the Times wrote the report to imply that Trump paid only $750 in taxes for several years, a careful reading reveals that Trump did pay millions in taxes, plus an additional $750.
On Sunday, the New York Times published a lengthy article based on Donald Trump’s personal and business taxes. It bears repeating here that this was grossly illegal conduct on the part of the person who gave the Times these taxes and, quite possibly on the part of the Times itself which, at the very least, aided and abetted a felony. But to get to the point, the main thing every Trump hater (and some Trump supporters) took from the article was that Trump, the billionaire, paid only $750 in taxes for a couple of years.
Trump vigorously denied that charge and said that he’d paid millions. The Biden campaign, however, ran hard with that $750 concept.















The problem with this whole $750 mantra is that Trump is correct and everyone shouting $750 is wrong. Trump didn’t pay only $750 in taxes in 2016 and 2017. He paid $750 in addition to the millions in taxes he paid during those years.
Twitterer Alexandriabrown realized that, although the Times’s article is rather obliquely written, it entirely supports Trump’s defense against the charge that he paid less in taxes than a teacher, a firefighter, or a nurse. She also caught that the Times unforgivably peered into the personal financial information of all of Trump’s employees, which is an entirely new level of bad conduct.


Let’s repeat the bottom line: Trump did what the law allowed. Trump did not have dealings with the Russians. Trump did not pay only $750 in taxes in 2016 and 2017 but, instead, paid millions in taxes. And one more thing: Biden, who sat in the Senate for over thirty years, was almost certainly involved in crafting and voting for the laws that enabled Trump to structure his taxes as he did. If people think Trump paid too little, they need to blame Biden.

People are misreading the New York Times' article about Trump's taxes

The New York Times claims that it has obtained Trump's individual and business tax documents going back over twenty years, a

www.americanthinker.com

 

[airplanemechanic]

Failed businessmen aren't worth 2 BILLION dollars.

How much are you worth? Let's compare.

And the last time I checked he's not running for Edward Jones financial adviser, he's running to be president.

Accirding to Forbes, Trump isn't worth $2 billion.

Wrong, Forbes estimated his net worth as of today at 2.5 Billion.

You really want to keep pushing this?

Donald Trump

#1217 Donald Trump on the 2023 Billionaires - A Manhattan grand jury indicted Trump in March, making him the only former president in American history

www.forbes.com

 

[mudwhistle]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

No....he's not just donating it to charity.
He's refusing his pay.

He’s not allowed to refuse his pay. Look it up

I don't have to.
You can refuse your pay. There is no law that forces a federal employee to take their pay.
Reagan did it too....so Trump can and nothing you say can change that.

 

[Eric Arthur Blair]

A billionaire could lose millions in a particular year and end up not owing taxes. This is not rocket science.

Leftist dumbbells act like they've never heard of such a thing.

American billionaires paid less in taxes in 2018 than the working class, analysis shows — and it's another sign that one of the biggest problems in the US is only getting worse

In 2018, billionaires paid 23% of their income in federal, state, and local taxes, down from 50% in 1980, according to Saez and Zucman.

www.businessinsider.com

Their desperate fake shock is pathetic.

 

[airplanemechanic]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

That's correct, if it's a 501c charity. You would then have 0 net income and owe nothing. But usually you are limited in how much you CAN donate. 60% of AGI I believe.

But to Trump, 400K a year is a drop in the bucket. If he loses 25 million in one year, even if he donated 0 he would still have lost -24,600,000.

So even if Trump kept 40% of his salary as required by law, that would be about 170K. That's nothing to him.

 

[JGalt]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

No....he's not just donating it to charity.
He's refusing his pay.

Actually, he's dividing up his pay among several federal agencies.

 

[excalibur]

Trump paid the AMT in many of those years.

 

[Papageorgio]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

You don't know tax law do you. Ask you Democratic lawmakers as they were very instrumental in making up laws that helped the rich not to pay taxes.

I’m asking questions so that I can learn. Why don’t you give an answer instead of telling me to ask democratic lawmakers?

Because the lawmakers write in the deductions and the loopholes for the rich. That is how it is done. The rich writing laws for the rich. Then the rich hire tax attorneys that know the tax laws and codes. That way the rich find every write off and deduction, they find every depreciation and every year they are looking at cutting the tax bill for the next year. It is all legal and we need to hold Congress accountable for allowing this to happen. I find it incredibly stupid to blame anyone for taking every legal deduction they are allowed by law. I blame Congress for writing the laws.

 

[airplanemechanic]

Yea if you dont like the tax law Trump took advantage of, change it. But don't get mad at Trump for taking advantage of it.

 

[Slade3200]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

No....he's not just donating it to charity.
He's refusing his pay.

He’s not allowed to refuse his pay. Look it up

I don't have to.
You can refuse your pay. There is no law that forces a federal employee to take their pay.
Reagan did it too....so Trump can and nothing you say can change that.

It’s actually in the constitution that a President can’t refuse their pay. You’re not doing yourself any favors by arguing from a position of ignorance. Stop bullshitting and actually try and learn about the subjects you engage in

 

[Slade3200]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

That's correct, if it's a 501c charity. You would then have 0 net income and owe nothing. But usually you are limited in how much you CAN donate. 60% of AGI I believe.

But to Trump, 400K a year is a drop in the bucket. If he loses 25 million in one year, even if he donated 0 he would still have lost -24,600,000.

So even if Trump kept 40% of his salary as required by law, that would be about 170K. That's nothing to him.

Ok so then how does that get down to $750 total for taxes owed? Tax credit?

 

[Faun]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

No....he's not just donating it to charity.
He's refusing his pay.

He’s not allowed to refuse his pay. Look it up

I don't have to.
You can refuse your pay. There is no law that forces a federal employee to take their pay.
Reagan did it too....so Trump can and nothing you say can change that.

^^^ just another rightie who doesn't understand the Constitution.

No, rightard, he cannot refuse his pay as president. He can certainly give it away, but constitutionally, he must be paid...

Article II, Section 1

The President shall, at stated Times, receive for his Services, a Compensation, which shall neither be encreased nor diminished during the Period for which he shall have been elected...​

Now you know. Will you learn? No, you're incapable of learning -- but now you know.

 

[Slade3200]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

You don't know tax law do you. Ask you Democratic lawmakers as they were very instrumental in making up laws that helped the rich not to pay taxes.

I’m asking questions so that I can learn. Why don’t you give an answer instead of telling me to ask democratic lawmakers?

Because the lawmakers write in the deductions and the loopholes for the rich. That is how it is done. The rich writing laws for the rich. Then the rich hire tax attorneys that know the tax laws and codes. That way the rich find every write off and deduction, they find every depreciation and every year they are looking at cutting the tax bill for the next year. It is all legal and we need to hold Congress accountable for allowing this to happen. I find it incredibly stupid to blame anyone for taking every legal deduction they are allowed by law. I blame Congress for writing the laws.

I don’t think the issue is just about Trump legally taking his deductions. There is much more to the conversation

 

[Faun]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

That's correct, if it's a 501c charity. You would then have 0 net income and owe nothing. But usually you are limited in how much you CAN donate. 60% of AGI I believe.

But to Trump, 400K a year is a drop in the bucket. If he loses 25 million in one year, even if he donated 0 he would still have lost -24,600,000.

So even if Trump kept 40% of his salary as required by law, that would be about 170K. That's nothing to him.

It's cute how someone can claim they're worth $10 billion while going for so many years not making a profit.

 

[Papageorgio]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

You don't know tax law do you. Ask you Democratic lawmakers as they were very instrumental in making up laws that helped the rich not to pay taxes.

I’m asking questions so that I can learn. Why don’t you give an answer instead of telling me to ask democratic lawmakers?

Because the lawmakers write in the deductions and the loopholes for the rich. That is how it is done. The rich writing laws for the rich. Then the rich hire tax attorneys that know the tax laws and codes. That way the rich find every write off and deduction, they find every depreciation and every year they are looking at cutting the tax bill for the next year. It is all legal and we need to hold Congress accountable for allowing this to happen. I find it incredibly stupid to blame anyone for taking every legal deduction they are allowed by law. I blame Congress for writing the laws.

I don’t think the issue is just about Trump legally taking his deductions. There is much more to the conversation

No there isn’t, however the left needs to hangTrump anyway they can. Everything he does is done with suspicion. If Biden wins, watch the right wing do the same with Biden and the left be outraged. Just partisan bullshit. Trump has probably never seen his taxes, but that won’t stop the nuts doing exactly what we were told they’d do if they ever saw Trumps taxes. The nuts left and right are so predictable.

 

[blackhawk]

What I find funny is people rant at Trump or any other millionaire paying very little in taxes when there outrage should be at the people who put the loopholes, deductions and exemptions in the tax code that let them do it as well as those who have done nothing to change them.

The outrage is going towards Trump who is our president... you know the guy that signed the last Tax bill?!. But when people do that you call them crying snowflakes. So what is it you want. Outrage to politicians or stop crying about Trump?

And when the same type of stuff was happening under Obama, Bush, Clinton, Bush again, Reagan , Carter, Ford, Nixon. LBJ and as far back as you would like to go who was to blame then? You want to know what I want for starters that idiots stop pretending like everything they don’t like in the nation or world begins and ends with Trump or any President they don’t support.

He’s at the top of the ticket. He’s got to be responsible for something at some point right? He can’t only take credit for all the good stuff, that’s not how it works

Funny how everyone says that about the President they don't support but never about the one they do then that President can do no wrong and anything bad it's everyones fault but the President.

 

[Indeependent]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Do you have any sort of evidence that he only paid $750 in taxes?

I’m just going off the article that’s being reported. Are you saying you don’t think that’s true? If so then why?

I'm very skeptical because that claim is taken from a fake news article published by the NYT, an organization that is notorious for publishing crude, defamatory anti-USA disinformation and propaganda.

And you even further distort their dubious claim.

Face it, you're a TDS afflicted moron.

How do you know it is a fake news article? Did you read it?

The assay of the article is self-contradictory.

Why’s that?

It plainly states that Trump is still very wealthy.
Actually, the OP stepped on his balls by explicitly stating that Trump is broke based on the Link.
In other words, the OP is an idiot.

Perhaps... but the tax returns could show that he has some concerning cash flow and debt issues as outlined in the article

Like "Russia" of course. Admit it: The only reason the left is concerned about Trump's taxes, is they they believe his returns will show Putin's pecker tracks all over them.

You people are wack. You're thoroughly convinced that Trump is "on the take" from Russia, yet you ignore all the money and influence those in your own party are receiving from China, the same country that poisoned the world.

I think the Left wants trumps tax returns for many reasons. First to show that he has been lying about how rich and successful he is, and also to show what kind of foreign lenders he is beholden to.

Who cares how much money he has or doesn't have . I didn't hire him to be my financial advisor, I hired him to run my country.

I’ll say it again. Many people feel like our country is set up and being run to unfairly advantage the rich and powerful. To see it done via the tax code highlights that.

Out problems started when we opened our borders.
Close the borders, pay goes up.

That was quite the subject change. You didn’t even try to be sly about it. Haha

Sometimes you show your lack of knowledge of economics...
The more labor, the lower the wage.
I presume your heart strings don't allow you to see that fact.

why are you talking about wages and immigration? We were talking about taxes

You: Many people feel like our country is set up and being run to unfairly advantage the rich and powerful. To see it done via the tax code highlights that.
I responded that politicians have achieved this by inundating our borders with cheap labor.
I suggest you jump off the Trespasser Sympathy Train if you want people to earn a decent wage.

 

[Indeependent]

So, as we can see, this story on Trump's taxes is a nothing burger as he told us this in 2016. And the NY Times is dredging up old news and the left is drinking it up. LOL

How does somebody who makes $400k a year in a government job only pay $750 in taxes?

Trump gives it to charity.

Right, but he gets the paycheck and then cuts another check to charity. Does he get paid with no taxes withheld? Does the charity contribution cancel out all taxes owed on the income?

I would have to ask an accountant, but when Earned Income = $0.00, what would you expect the tax bill to be?

Well I guess that depends on what you write off as expenses. His earned income for his White House job was $400k. Typically that gets taxed unless there is a valid expense that can be written off that is related to that job... or an applicable credit

The dude donates it. That's ZERO taxable income.

So if I worked a part time job and earned $20K in wages and Then donated $20k to charity are you saying I would owe $0 on that $20k that I earned?

No....he's not just donating it to charity.
He's refusing his pay.

He’s not allowed to refuse his pay. Look it up

He's not refusing it.