Trump has paid no tax in 10 of the last 15 years

The NY Times reports:

The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. 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.

Assuming he has not lied on his tax returns, this suggests what many have long suspected – he is not that wealthy.

In 2018, for example, Mr. Trump announced in his that he had made at least $434.9 million. The tax records deliver a very different portrait of his bottom line: $47.4 million in losses.

So which ones should we believe?

And within the next four years, more than $300 million in loans — obligations for which he is personally responsible — will come due.

If Trump loses the election, it could be a race to see what happens first – bankruptcy or jail!

Comments (170)

Login to comment or vote

Add a Comment

%d bloggers like this: