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

[marvin martian]

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

Remember when I said there would be a big, unsubstantiated lie told close to the election, like the whopper Harry Reid told about Romney "not paying taxes for 10 years"?

This is it.

 

[JackOfNoTrades]

Why are you singling out Trump?
He sure has a lot of money for being a failure.

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.

 

[HereWeGoAgain]

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.

He's worth billions you idiot.

 

[JackOfNoTrades]

He's worth billions you idiot.

No he's not...and that's what his tax returns will show.
When the state of NY gets done with him, his "billions" will be worth a lot less.

 

[Flash]

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

How much Income tax do you pay Moon Bat?

We know in just one year Trump paid in almost $30 million in just Federal Income Tax. Have you paid in that much?

Tell me how Crooked Hillary left the White House "broke" and a few years later her and Slick Willy are mega millionaires.

Tell me how Potatohead, after almost 50 years on a Representative, Senator, VP and President salary is now a mega millionaire.

How did the Pelosi family get so goddamn rich?

How about those two Socialist shitheads (Bernie and Pocahontas) that are millionaires? Both of them got caught fucking around with taxes.

 

[HereWeGoAgain]

No he's not...and that's what his tax returns will show.
When the state of NY gets done with him, his "billions" will be worth a lot less.

Keep dreaming...

 

[jc456]

Didn't Trump send all of his salary to charity as President? 2017?

 

[jc456]

How much Income tax do you pay Moon Bat?

We know in just one year Trump paid in almost $30 million in just Federal Income Tax. Have you paid in that much?

Tell me how Crooked Hillary left the White House "broke" and a few years later her and Slick Willy are mega millionaires.

Tell me how Potatohead, after almost 50 years on a Representative, Senator, VP and President salary is now a mega millionaire.

How did the Pelosi family get so goddamn rich?

How about those two Socialist shitheads (Bernie and Pocahontas) that are millionaires? Both of them got caught fucking around with taxes.

Speaking of Hitlery, I heard this morning that she made 50k for every person husband Billy pardoned. It was like 200 or 300 individuals.

 

[Billy000]

Kudos to President Trump for being smart enough to follow the current tax laws to his advantage.
Question for you: Do you willingly pay more in taxes than you are required to by law?

Why would I do that if no one else does?

 

[jc456]

Why would I do that if no one else does?

it's called put up or shut up. it really isn't difficult for you.

 

[Billy000]

Which company?

Trump Organization CFO pleads guilty to tax fraud as legal cases surround former president

Trump Organization CFO Allen Weisselberg, who had worked with the family for decades, pleaded guilty Thursday to 15 counts involving tax fraud. As part of a plea deal, he will be required to testify in the upcoming trial against the company. NPR's Andrea Bernstein joins Judy Woodruff to discuss.

www.pbs.org

 

[Billy000]

it's called put up or shut up. it really isn't difficult for you.

When did I say people should pay more in taxes than is legally required?

 

[pyetro]

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

The system is rigged for those born rich like Donald Trump.

 

[HereWeGoAgain]

Trump Organization CFO pleads guilty to tax fraud as legal cases surround former president

Trump Organization CFO Allen Weisselberg, who had worked with the family for decades, pleaded guilty Thursday to 15 counts involving tax fraud. As part of a plea deal, he will be required to testify in the upcoming trial against the company. NPR's Andrea Bernstein joins Judy Woodruff to discuss.

www.pbs.org

So he commited tax fraud for himself?

 

[Cougarbear]

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

The same old stupid attacks against the corporate CEO's who don't earn much stated income. The corporation does and they do pay their taxes, 22%. And, remember liberal, you did not want Trump being able to earn money from his businesses. You said he could not do that as President. And, Trump did not take any of his salary as President of $400,000. So, what did he earn? Grow up.

 

[Flash]

Speaking of Hitlery, I heard this morning that she made 50k for every person husband Billy pardoned. It was like 200 or 300 individuals.

It was well know that Slick Willy was selling pardons.

That and burial sites at Arlington.

Of course that was nothing compared to how Crooked Hillary shook down foreign interest and then laundered the payoff through that fake foundation.

 

[OKTexas]

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

Why are you posting lies. A household making 20K would have zero federal income tax liability. Just the standard deduction would give them an effective tax rate of absolutely nothing.

.

 

[jc456]

When did I say people should pay more in taxes than is legally required?

your OP?

 

[1srelluc]

There is a reason why a flat or fair tax is fought tooth-n-nail every time it's proposed....by both sides.

 

[Care4all]

Take it up with the IRS.

Congress! They make the laws on it!