Blockbuster: NY Times Publishes Trump Tax Returns…He Pays NOTHING

By
Jim W. Dean and Gordon Duff
-
13
2228

Trump takes more off his taxes for “haircut deductions” than most taxpayers make in a year…

 

  • Paper details $750 federal income tax payments in 2016, 2017

 

Donald Trump, a self-proclaimed billionaire, paid only $750 in federal income taxes in the year he was elected US president, according to a stunning New York Times investigation that could shake up the presidential election.



 

“Trump taxes show chronic losses and years of tax avoidance,” was the banner headline on the paper’s website on Sunday. The president’s tax returns have long been the holy grail of American political reporting.

The president “paid $750 in federal income taxes the year he won the presidency”, the paper reported, adding that “in his first year in the White House, he paid another $750.

“He had paid no income taxes at all in 10 of the previous 15 years – largely because he reported losing much more money than he made.”

In all, the paper said, Trump paid no federal income taxes in 11 of 18 years its reporters examined. Many of his businesses, including his golf courses, report significant financial losses – which have helped him to lower his taxes.

The Times also said the documents it had obtained “comprise information that Mr Trump has disclosed to the IRS, not the findings of an independent financial examination. They report that Mr Trump owns hundreds of millions of dollars in valuable assets, but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia.”

The paper said it would not publish the documents, in order to protect its source.

At a White House press briefing on Sunday, Trump made wild allegations about plots against him and about Biden, who he will debate for the first time on Tuesday. Eventually, he dismissed the Times report as “totally fake news”.

He said: “We went through the same stories, you could have asked me the same questions four years ago, I had to litigate this and talk about it.

 

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13 COMMENTS

  2. “Jeff Zucker (CNN, NBC) Created Donald Trump. That Show May Be Ending”.

    A recent headline finally reflecting a reality that in a sane country would have enough Trumptard heads grinding with cognitive dissonance and enough ears smoking, to create its own weather.

    But in this country, they’ll just say Fake News.
    Like the nihilist says nothing matters.
    Nothing is real… except what Trump says.

    …Not 5 minutes ago, because he will have contradicted himself by then. But what he says only right… NOW.

    “His absolute authority will not be questioned”.

    “Saying no to Trump is saying no to God”.

  3. Trump is a president badly in need of an “October surprise.” Hitler had his Reichstag fire, I wonder what Trump’s “national emergency” will be? This, from the Atlantic…

    “Unknown to most Americans, a parallel legal regime allows the president to sidestep many of the constraints that normally apply. The moment the president declares a “national emergency”—a decision that is entirely within his discretion—more than 100 special provisions become available to him. While many of these tee up reasonable responses to genuine emergencies, some appear dangerously suited to a leader bent on amassing or retaining power.”

    • Just like with 9/11, there won’t be any evidence-based investigation of the “October surprise.” We’ll be marched right over the cliff, just like the Germans were in 1933. The USA Patriot Act gives Trump all the power he needs to remain president indefinitely.

  5. In the slimy elections there is usually not much to find and so 50% is made up.

    With trump, it is all true, and in fact 50% (probably more) is not even mentioned due to time constraints. When he claims to have paid lots of taxes, he is talking about sales tax on toilet paper.

  7. Among his deductions was $70,000 for styling Trump’s hair for “The Apprentice” television programme. That’s one helluva a comb-over!

  8. Not too many people here, no. But you move to a right wing website and read their comments, other than a few paid hasbara writers deceiving, you’ll read the majority of idiots believing or pretending to believe that he’s a big contributor to the society, instead of the leaching fraud menace that he is.

  9. How soon can the Southern District of New York go after him for money laundering for the Kosher Nostra and tax evasion? How soon, Gordon? Oh, that’s right, he’ll declare a “national emergency” and use powers vested to him under the USA Patriot Act to become President for Life. Silly me…

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