Lakhota
Diamond Member
Just reported by Lawrence O'Donnell on MSNBC as follows:
According to Trump, he is going to accept his presidential salary and then donate it to charity at the end of the year. Problem is - Trump has a poor history of following through on his proclaimed donations. In addition, this will allow Trump a rather huge tax deduction of $158,400. This means that a total of $558,400 will not be returned to the Treasury (taxpayers). This all assumes that Trump will "actually" donate his salary to charity at the end of the year.
$400,000 Presidential Salary
$158,400 Trump Tax Deduction
$558,400 Total Loss To Treasury (Taxpayers)
According to Trump, he is going to accept his presidential salary and then donate it to charity at the end of the year. Problem is - Trump has a poor history of following through on his proclaimed donations. In addition, this will allow Trump a rather huge tax deduction of $158,400. This means that a total of $558,400 will not be returned to the Treasury (taxpayers). This all assumes that Trump will "actually" donate his salary to charity at the end of the year.
$400,000 Presidential Salary
$158,400 Trump Tax Deduction
$558,400 Total Loss To Treasury (Taxpayers)
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