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Michelangelo Signorile's avatar

And now we have the bombshell New York Times story on Trump's tax returns to throw into the mix.

The got them! And Trump paid 750 bucks in 2016 and 2017 in income tax. That's it -- all of through shady tax avoidance schemes he's been under investigation for, including $73 million refund which may have been fraudulent and he may actually owe $100 million ."

Prior to 2016:

"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.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million."

https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html

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