Sunday, September 27, 2020

NYT Bombshell: Trump Paid No Income Tax for at Least 10 of the 15 Years Prior to His Presidency

According to the NYT - whose anonymous source is one of those granted federal-judge approval to legally obtain Trump's tax documents in NYC (despite Trump fighting it for the last four years)   Trump allegedly paid no income tax at all for at least 10 of 15 years before he was president (2000-2015) - AND - only paid $750 federal tax in 2016.

It's a very long article, but here are are some other highlights:

- Trump also allegedly wrote off millions in personal expenses as business expenses - i.e., haircuts for himself and Ivanka, linens for Mar-a-Lago, paying Ivanka "consulting fees."  

- Trump reported multimillion dollar losses ever year - - far more losses than gains - and more losses than any other American in the same income level. 

(Not sure if he lied about those losses to get lower taxes, or those really were losses, which wouldn't surprise me - I mean, he is a terrible businessman - his businesses have bankrupted 4 times).

- Trump took out personal loans for over $300 million over the past five years, which are soon coming due. 

The NYT claims to have seen the documents, but is legally barred from publicly publishing them.

Trump has already dismissed it as "fake news" - but also has admitted he was now being audited by the IRS. 

Again, for the full article, read HERE:

There's more, but since it is a very long and detailed article, the highlights can be found HERE.

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