Posted on Oct 2, 2020
How Can President Trump Pay Less Tax Than You?
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A manager at McDonald's likely paid more federal income tax than President Trump did the year he took office.
The president's tax returns show he paid just $750 in federal income taxes each year in 2016 and 2017 and paid nothing at all for many years before that, according to reporting from The New York Times.
So how could the tax system allow someone with a lifestyle as lavish as Trump's — he owns ritzy golf courses, spends tens of thousands dollars on haircuts — to pay less tax than you or me?
The president's tax returns show he paid just $750 in federal income taxes each year in 2016 and 2017 and paid nothing at all for many years before that, according to reporting from The New York Times.
So how could the tax system allow someone with a lifestyle as lavish as Trump's — he owns ritzy golf courses, spends tens of thousands dollars on haircuts — to pay less tax than you or me?
How Can President Trump Pay Less Tax Than You?
Posted from npr.orgPosted in these groups: 
Real estate
Taxes
Real estate Taxes
Posted 5 y ago
Responses: 9
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SFC Ralph E Kelley
SPC K Flaherty - I'm not rich but I never do the 1040EZ. I run a business and I take all the deductions for employee pay/insurance/SSN, equipment/fuels/equipment ins, meals/uniforms/lodging etc, etc, that I can get.
Add them together I am a happy camper if I get a nickel on the dollar earned.
Worst year $92k after all the above and subtracting my own personal taxes.
Best year $176K - It was a good year.
Most years are $130K to $150K
Just because you have a 8 million dollar (that is the top total to be called a "small business") gross business income, does not mean it's in your pocket.
Without the business deductions I would not be in business AND my employees who during the worst year made more than I - would not be employed or paid.
Add them together I am a happy camper if I get a nickel on the dollar earned.
Worst year $92k after all the above and subtracting my own personal taxes.
Best year $176K - It was a good year.
Most years are $130K to $150K
Just because you have a 8 million dollar (that is the top total to be called a "small business") gross business income, does not mean it's in your pocket.
Without the business deductions I would not be in business AND my employees who during the worst year made more than I - would not be employed or paid.
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SPC K Flaherty
Working for a living is getting Americans nowhere. How many male biz owners compared to women & minorities?? If you volunteer that should be counted as well. The whole system as it stands serves not the majority.
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SFC Ralph E Kelley
SPC K Flaherty - Bullshit on the "serves not the majority".
More than 11.6 million firms are owned by women, employing nearly 9 million people, and generating $1.7 trillion in sales as of 2017. Women-owned firms (51% or more) account for 39% of all privately held firms and contribute 8% of employment and 4.2% of revenues.
Someone has sold you a socialist bill of goods. Open your eyes, do your own research and LEARN about the real world - not from some whining victims club.
My assessment is you have not started your own business...I started 6 businesses before I achieved my current success. Giving up and blaming "the system" is easy but making it work is not.
More than 11.6 million firms are owned by women, employing nearly 9 million people, and generating $1.7 trillion in sales as of 2017. Women-owned firms (51% or more) account for 39% of all privately held firms and contribute 8% of employment and 4.2% of revenues.
Someone has sold you a socialist bill of goods. Open your eyes, do your own research and LEARN about the real world - not from some whining victims club.
My assessment is you have not started your own business...I started 6 businesses before I achieved my current success. Giving up and blaming "the system" is easy but making it work is not.
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Because congress passed laws that make his tax shelters all legal, that's why. Ask people like Nancy Pelosi and Harry Reid, who had the House and the Senate under President Obama. WHY DIDN'T THEY CHANGE IT? Maybe because they are all rich bastards, too, and pay about the same amount? Let's see the Pelosi, Biden, Schumer, and Feinstein tax returns. Feinstein's husband is lot richer than Trump, how much income tax did they pay? (And, by the by, the President contributes 100% of his $400,000 a year salary right back to the government.)
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Sgt Dale Boston
The fleecing of America
well sir you see only what you want to see every time trump goes to one of his resorts it cost Americans thousands of dollars. you can count on your hands how many times he went to camp David which is paid for by taxpayers. but if he did that he would not be able to charge the secret service double to stay at one of his resorts. he has made 1.9 billion dollars since being in office.
Ivanka Trump, Kushner took in as much as $135M last year
please wake up man. (The fleecing of America)
why take $400,000 a year salary when you can't be charged for emolument broken laws because of a corrupt senate, that wont hold his feet to the fire. if you take an oath of office to do a job, do the job.
Here is the truth , if it was Obama you would have impeached him after 6 months, you would not let him appoint his choice for supreme court justice. Mitch McConnell l was plotting on him doing his presidential inauguration, plan to make him a one term president. It was a plot against America.
well sir you see only what you want to see every time trump goes to one of his resorts it cost Americans thousands of dollars. you can count on your hands how many times he went to camp David which is paid for by taxpayers. but if he did that he would not be able to charge the secret service double to stay at one of his resorts. he has made 1.9 billion dollars since being in office.
Ivanka Trump, Kushner took in as much as $135M last year
please wake up man. (The fleecing of America)
why take $400,000 a year salary when you can't be charged for emolument broken laws because of a corrupt senate, that wont hold his feet to the fire. if you take an oath of office to do a job, do the job.
Here is the truth , if it was Obama you would have impeached him after 6 months, you would not let him appoint his choice for supreme court justice. Mitch McConnell l was plotting on him doing his presidential inauguration, plan to make him a one term president. It was a plot against America.
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1SG Steven Imerman
Sgt Dale Boston - Sorry, Buckaroo. I do not have the power to impeach anyone. Check this out-
https://constitutioncenter.org/interactive-constitution/full-text
https://constitutioncenter.org/interactive-constitution/full-text
The Constitution - Full Text | The National Constitution Center
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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Wait a minute... do you mean to tell me that when you get a tax refund you send it back to the I.R.S.?
The NYT made a whole story out of nothing -- and you can see this for yourself if you actually read the whole NYT article. You will find, thousands of words in, that it actually admits this.
It says, "Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe - $1 million for 2016 and $4.2 million for 2017."
The President paid his taxes but got almost all of it back in refund. He didn't cheat. He used the law the way Congress wrote it. I don't see the problem here. How is this any different than what just about everybody in the country does- other than the scale?
The real scandal here is this:
Clinton went into the White House nearly broke. He came out with tens of millions in the bank.
Bush likewise came out millions of dollars richer than he went in.
Obama, too, got very, very rich in the White House.
Trump has been president for under four years and he's lost billions in assets and income. He has given up the presidency of the Trump Organization to avoid conflicts of interest and he gives ALL of his salary back. But he's the one being attacked.
The press is the most dishonest group of people in the country. They regularly lie to us about just about everything. They generate stories out of nothing and ignore real problems, they attack anyone who does not share the progressive, ultra-liberal, socialist view they preach and wonder why less than 5% of the population trusts them.
We don't believe them when they give us a weather report but -- if they're attacking Trump -- well it just has to be gospel!
What a joke.
The NYT made a whole story out of nothing -- and you can see this for yourself if you actually read the whole NYT article. You will find, thousands of words in, that it actually admits this.
It says, "Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe - $1 million for 2016 and $4.2 million for 2017."
The President paid his taxes but got almost all of it back in refund. He didn't cheat. He used the law the way Congress wrote it. I don't see the problem here. How is this any different than what just about everybody in the country does- other than the scale?
The real scandal here is this:
Clinton went into the White House nearly broke. He came out with tens of millions in the bank.
Bush likewise came out millions of dollars richer than he went in.
Obama, too, got very, very rich in the White House.
Trump has been president for under four years and he's lost billions in assets and income. He has given up the presidency of the Trump Organization to avoid conflicts of interest and he gives ALL of his salary back. But he's the one being attacked.
The press is the most dishonest group of people in the country. They regularly lie to us about just about everything. They generate stories out of nothing and ignore real problems, they attack anyone who does not share the progressive, ultra-liberal, socialist view they preach and wonder why less than 5% of the population trusts them.
We don't believe them when they give us a weather report but -- if they're attacking Trump -- well it just has to be gospel!
What a joke.
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