Our Tax Code Is Designed To Create Donald Trump
4 years, 3 months ago

Our Tax Code Is Designed To Create Donald Trump

Huff Post  

LOADING ERROR LOADING In 2011, The New York Times published what was, at the time, the most shocking expose on tax policy in decades. And in 2017, President Donald Trump signed into law his signature policy achievement, a sweeping $1.5 trillion tax law that slashed the tax obligations of the rich and large corporations, hacked away at federal revenues and exacerbated economic inequality. Donald Trump wrote off likely payments to his daughter Ivanka Trump as "consulting fees," one of many tax dodges revealed in The New York Times' report. The Trump family is exactly what the American tax code is designed to create ― an incompetent, intergenerational graft that our government rewards for draining the nation’s resources and destroying social value. It is a failure of leadership that with a Democratic majority in the House of Representatives, the public is learning about Trump’s tax returns from the Times instead of the House Ways and Means Committee.

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History of this topic

Trump tries to woo billionaire CEOs with promise of another round of tax cuts: report
7 months ago

Trump tries to woo billionaire CEOs with promise of another round of tax cuts: report

Raw Story  

Former President Donald Trump is trying to push the billionaire businessman class back into his camp with a promise of another round of corporate tax cuts, this time reducing the rate from 21 percent to 20 percent. According to The New York Times, "Mr. Trump made the remarks from a comfortable gray armchair during a conversation with his former economic …

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report
8 months ago

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report

The Hindu  

Former U.S. president Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings. Mr. Trump’s presidential campaign provided a statement in son Eric …

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
8 months ago

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

Associated Press  

WASHINGTON — Former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings. Trump’s presidential campaign provided a statement in son Eric …

Donald Trump paid no income tax in 2020, reported losses in office, records show
2 years ago

Donald Trump paid no income tax in 2020, reported losses in office, records show

ABC  

Donald Trump paid no income tax during the final full year of his presidency as he reported a loss from his sprawling business interests, according to tax figures released by a congressional panel. Key points: The committee questioned the legitimacy of some of Mr Trump's deductions The panel is expected to release redacted versions of his full returns in coming …

Donald Trump's tax returns to be released to public
2 years ago

Donald Trump's tax returns to be released to public

The Telegraph  

US legislators have voted to make public Donald Trump's tax returns, ending a years-long battle by the former president to keep the filings private as his cloudy financial past continues to stoke controversy. Mr Trump's family business was convicted of tax fraud earlier this month, in a case Manhattan District Attorney Alvin Bragg said was "about greed and cheating." "Democrats …

New York Investigations Into Trump Have Reportedly Expanded to Cover Millions in Questionable Tax Write-Offs
55 years ago

New York Investigations Into Trump Have Reportedly Expanded to Cover Millions in Questionable Tax Write-Offs

Slate  

The litany of prosecutions President Donald Trump may be facing when he turns back into a plain old real estate magnate frog on Jan. 20, 2021, just got a little longer, the New York Times reported Friday. Trump’s unseemly business dealings have manifested themselves in some murky tax filings, both of which have been a source of interest for New …

What President Trump's Tax Returns Reveal About The Tax Code : 1A
4 years, 3 months ago

What President Trump's Tax Returns Reveal About The Tax Code : 1A

NPR  

What President Trump's Tax Returns Reveal About The Tax Code Enlarge this image toggle caption BRENDAN SMIALOWSKI/BRENDAN SMIALOWSKI/AFP via Getty Images BRENDAN SMIALOWSKI/BRENDAN SMIALOWSKI/AFP via Getty Images This week, a report from The New York Times revealed that Donald Trump paid $750 in federal income taxes in 2016 and 2017. In the presidential debate, he responded to a question about …

Donald Trump's tax records show he's carrying $421million in loans and debt
4 years, 3 months ago

Donald Trump's tax records show he's carrying $421million in loans and debt

Daily Mail  

Donald Trump's tax records show he is carrying a total of $421 million in loans and debt with a number of his properties said to be struggling financially. In a Sunday report, dismissed by the president as 'fake news,' The New York Times said most of that debt comes from the Doral golf resort in Florida - $125 million - …

Complaint: Trump Making Illegal Secret Payments, Including To His Own Family
4 years, 5 months ago

Complaint: Trump Making Illegal Secret Payments, Including To His Own Family

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Donald Trump’s campaign is violating federal election law by funneling close to a quarter-billion dollars to date through private companies in order to hide the ultimate recipients of the money, including the wife of one of his sons and the girlfriend of another, a watchdog group charged in a complaint filed Tuesday. “The money …

Donald Trump Actually Has 2 Whistleblowers To Worry About
5 years, 3 months ago

Donald Trump Actually Has 2 Whistleblowers To Worry About

Huff Post  

LOADING ERROR LOADING WASHINGTON ― An intelligence community whistleblower has stunned Washington with possible evidence that President Donald Trump perverted U.S. foreign policy for his own personal gain. But there’s another whistleblower ― one with possible evidence that Trump tried to corrupt an Internal Revenue Service audit of his personal tax returns ― who has received relatively little attention. Jonathan …

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