NYT: Trump paid NO federal taxes from 2005 through 2015.

[RandySF]

Link to tweet

?s=20

Brian Tyler Cohen
@briantylercohen
BREAKING: The NY Times got Trump's taxes. He paid $750 in federal income taxes in 2016 and another $750 in 2017. And he had paid no income taxes at all in 10 of the previous 15 years.

[Laelth]

1. k&r for visibility.

“Taxes are for little people.”



-Laelth

[soothsayer]

2. Exactly. He may pay taxes like a real billionaire, but I don't think he is one

[beachbumbob]

3. Best argument for entire redo of US taxcode

Trump is the poster child of special interest tax breaks

[dchill]

4. He was UNDER AUDIT!

[Tanuki]

5. "Only the little people pay taxes." -Leona Helmsley

https://www.forbes.com/sites/robertwood/2015/04/17/10-notorious-tax-cheats-queen-of-mean-leona-helmsley-proved-little-people-can-put-you-in-jail/amp/

... "In 1983, the Helmsleys bought a home Greenwich, Connecticut. The price tag? $11 million, with another $8 million spent in renovations. Mrs. Helmsley was reportedly frustrated by the pace and quality of the renovations, and she balked at paying the bills, including a number of contractors. That commenced a chain of events that would undo her.

The contractors filed lawsuits against the Helmsleys alleging improprieties. They claimed that work to the Helmsleys’ personal home was being charged to other properties as a business expense, designed so the Helmsleys could lower their tax bills. The lawsuits caught the eye of the IRS, and there was evidently a good deal of these sorts of tax shenanigans.
...
The Helmsleys’ tale was a classic one of systematically shorting the tax man and falsely manipulating their finances and dealings with third parties. After a lengthy investigation, in 1988, the Helmsleys were indicted on 188 counts of tax fraud. Leona also faced federal charges of extortion and mail fraud. By the time the case went to court, Harry’s health had deteriorated considerably. Nearing age 80 at that time, Harry was deemed incompetent to stand trial.

Leona, however, went on to trial, and was eventually convicted of evading $1.2 million in federal taxes. She was convicted of 33 felony counts of fraud, including mail fraud, tax evasion and filing false tax returns. Initially, she was sentenced to 16 years in prison and fines of $7 million. On appeal, her sentence was reduced to four years in prison.

She actually served only 21 months. She was released from prison in 1994 and was sentenced to community service. It later appeared that some of Mrs. Helmsley’s employees performed the community service on her behalf."

[sarcasmo]

9. Us taxpayers are suckers and losers.

[dalton99a]

6. Kick

[The Magistrate]

7. The Only Money He's Made Is The Taxes He Didn't Pay, Sir

[sarcasmo]

8. Trump paid 750 dollars in taxes in 2016. I paid 1500.

[HipChick]

10. I'm pretty sure I paid the equivalent of

someone's salary in 2016..

[bamagal62]

19. Hip Chick, me too.

[Windy City Charlie]

11. This leads me to believe

This leads me to believe Trump isn't as worth as much as he's tried to lead people to believe. I think a lot of properties are owned by other people and it's just his name on the signs.

[JI7]

12. Most people already knew this before

[jmowreader]

20. You haven't heard the best one

Most of Trump’s wealth is in real estate. A normal person, when he buys a building, counts his equity as part of his net worth...so if he has a $1 million building and he paid $200,000 down, his net worth expands by $200,000. Trump counts the entire value of the building, even if he has none of his own money in it.

[sarcasmo]

22. Trump is worth the money being laundered through his business at any given time.

[Hoyt]

13. Common for promoters who live off loans.

[MoonRiver]

14. Damn

[malaise]

15. When the dust settles those who don't already know will discover

not merely a woman hating vulgar racist but also a common criminal.

The dam is busted - here comes all the swamp shit.

[BannonsLiver]

16. Before anyone says his supporters don't care

Everyone knows that. It’s not an insightful comment. There are other people participating in this election besides Dump supporters.

[sanatanadharma]

17. A tax scoff ought not be in the White House

Sad! the people who want and demand and get all the benefits, wealth and privilege of our society but won't support the nation.

Why do trumpian tax-scoffs hate our military, police, fire, streets, roads, highways, bridges, schools, parks, libraries, safe food, safe water, gun-free neighborhoods, sewers, potable water, ad infinitum.

[Blue_true]

18. People that think like he does get an orgasm out of not paying taxes.

To them, it is about keeping all money they make or steal, to hell with society.

[Blue Owl]

21. LOCK HIM THE FUCK UP

n/t