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Why do you blame the rich, Microsoft paid no taxes, this lies on the shoulders of Congress for making laws that allow theses deductions. Democrats rule the House, the Senate and the Executive branch, why have they not tightened these loopholes so people like Trump and Microsoft pay more in taxes! Shame on the government, not the people that obey the law and take the legal deductions.If I was in Trump’s position, I would not be able to live with myself paying a few hundred dollars in taxes. I’m sure I would take advantage of deductions to some extent, but a few hundred while being a millionaire? That’s pathetic.
It is petty jealousy, childish when the blame for someone taking legal deductions is on Congress and the federal government for setting it up this way.It is hilarious this old story keeps bouncing back.
Everyone pays an effective tax rate.Let this be a lesson in tax politics. The wealthy and corporations are not “taxed enough already” because they do not pay the OFFICIAL tax rate. They pay an EFFECTIVE tax rate.
Trump paid $716 in federal taxes in 2016 and 2017. The average 20k household plays more than $800. Those making between 50k and 75k pay an average of 5k in taxes.
“Real estate offers some unique tax advantages, mainly the ability to write off depreciation against income. It’s common for a real estate investor to show a loss on their income tax return while receiving positive cash flow for the year.
Fractional real estate investors also receive similar benefits. The investment platform Arrived Homes, known for letting investors buy shares of rental properties with as little as $100, paid out $47,000 in dividends to investors in 2021, but only about $2,800 was considered taxable income. The rest was nontaxable return of principal.
That means Arrived Homes investors collectively only needed to report $2,800 in taxable income, despite receiving $47,000 in dividends. Arrived Homes has already paid out $303,000 in dividends so far in 2022 and investors will likely get another nice break come tax time next year.
Another likely reason for Trump’s low tax bills is the use of a tax loss carryforward. Companies such as The Trump Organization can carry losses over from one year to offset taxes in subsequent years. Trump used this strategy after realizing nearly $1 billion in losses in the early 1990s. He was able to carry those losses over each year until 2005.”
How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year
Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public...finance.yahoo.com
And the funny thing is, TRUMP! isn't even running. They have nothing else to run on.Remember when I said there would be a big, unsubstantiated lie told close to the election, like the whopper Harry Reid told about Romney "not paying taxes for 10 years"?
This is it.
Maybe the Democratic Congress should pass some laws to tie up their rich buddies loopholes. I sure with majorities in the House and Senate, they could pass it and Biden would surely sign the bill.
It amazes me why people blame the person taking legal tax cuts and breaks and not Congress that sets up the laws to begin with. That is just stupid thinking.
That's all they ever do. An original thought or a sincerely derived belief would cause them to spontaneously combust.It’s not thinking at all. It’s regurgitating the talking points the msm feeds them.
What's inconsistent about it? Trump has to make money some way. He's a shitty businessman so may as well use the power and influence of his office to make the money up somewhere.Whats hilarious is….all the disgusting Libtards like Billy000 and JackOfNoTrades tell us daily how Trump used his office of the presidency as a profit center for himself and the Trump Organization…THEN two threads later they tell us how he’s a phony billionaire and that his companies don’t make money….you have to admit, these TDS’ing whack-jobs are fascinating as all hell.
What's inconsistent about it? Trump has to make money some way. He's a shitty businessman so may as well use the power and influence of his office to make the money up somewhere.
Again, he's corrupt..and incompetent....and a giant fraud. Which is why he doesn't want anyone to see his tax returns.
They get to be like dogs scrapping over a bone.You little girls still doing the tax return thingy?
Is there anything you idiots won’t fall for?
Is the IRS on to him? Why don't we ever hear from them on Trump's taxes?Let this be a lesson in tax politics. The wealthy and corporations are not “taxed enough already” because they do not pay the OFFICIAL tax rate. They pay an EFFECTIVE tax rate.
Trump paid $716 in federal taxes in 2016 and 2017. The average 20k household plays more than $800. Those making between 50k and 75k pay an average of 5k in taxes.
“Real estate offers some unique tax advantages, mainly the ability to write off depreciation against income. It’s common for a real estate investor to show a loss on their income tax return while receiving positive cash flow for the year.
Fractional real estate investors also receive similar benefits. The investment platform Arrived Homes, known for letting investors buy shares of rental properties with as little as $100, paid out $47,000 in dividends to investors in 2021, but only about $2,800 was considered taxable income. The rest was nontaxable return of principal.
That means Arrived Homes investors collectively only needed to report $2,800 in taxable income, despite receiving $47,000 in dividends. Arrived Homes has already paid out $303,000 in dividends so far in 2022 and investors will likely get another nice break come tax time next year.
Another likely reason for Trump’s low tax bills is the use of a tax loss carryforward. Companies such as The Trump Organization can carry losses over from one year to offset taxes in subsequent years. Trump used this strategy after realizing nearly $1 billion in losses in the early 1990s. He was able to carry those losses over each year until 2005.”
How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year
Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public...
LOL. What is it that you think Trump is afraid of letting everyone see his tax returns? Audits???..no one, not even Trump gets audited for 20 years continuously. Illegalities??...no. The IRS would have thrown the clamp on him years ago if that was the case. They want their money. It's because his tax returns are an embarrassment to his built up legacy of his master of the Art of the Deal. He doesn't want anyone to see that he's a massive fraud, writing off massive losses. We know he's already a failure as a businessman. But if people actually get to see how much money he's lost over the years, his persona will be gone in a puff of smoke.You little girls still doing the tax return thingy?
Is there anything you idiots won’t fall for?
Wow. Profound.LOL. What is it that you think Trump is afraid of letting everyone see his tax returns? Audits???..no one, not even Trump gets audited for 20 years continuously. Illegalities??...no. The IRS would have thrown the clamp on him years ago if that was the case. They want their money. It's because his tax returns are an embarrassment to his built up legacy of his master of the Art of the Deal. He doesn't want anyone to see that he's a massive fraud, writing off massive losses. We know he's already a failure as a businessman. But if people actually get to see how much money he's lost over the years, his persona will be gone in a puff of smoke.
Otherwise, he would have released them. Like EVERY OTHER political candidate and major office holder has before him.
Is there ANYTHING you sycophants won't excuse when it comes to your savior?
That's strange - that "failure of a businessman" is back in The Forbes 400. How can that be?LOL. What is it that you think Trump is afraid of letting everyone see his tax returns? Audits???..no one, not even Trump gets audited for 20 years continuously. Illegalities??...no. The IRS would have thrown the clamp on him years ago if that was the case. They want their money. It's because his tax returns are an embarrassment to his built up legacy of his master of the Art of the Deal. He doesn't want anyone to see that he's a massive fraud, writing off massive losses. We know he's already a failure as a businessman. But if people actually get to see how much money he's lost over the years, his persona will be gone in a puff of smoke.
Otherwise, he would have released them. Like EVERY OTHER political candidate and major office holder has before him.
Is there ANYTHING you sycophants won't excuse when it comes to your savior?
You lemmings will swallow anything.That's strange - that "failure of a businessman" is back in The Forbes 400. How can that be?
MSN
www.msn.com
Dumb ass.
Isn't it funny that we use the same descriptors for each other and the behaviors we each believe the others indulge in?You lemmings will swallow anything.
"Editors of Forbes did, however, note the massive fraud lawsuit facing the former president, which threatens the value his hoard if it ends in a judgement against him".
Smoke and mirrors.
why did John Kerry, liberal war hero, hide is big yacht in another state to avoid taxesAnd that's why he doesn't want people to see his tax returns. Massive losses written off. They would show him as a fraud.
The guy who wrote the Art Of The Deal, laid bare as little better than a real estate scam artist.
Trump's persona gone in a puff of smoke.
Let this be a lesson in tax politics. The wealthy and corporations are not “taxed enough already” because they do not pay the OFFICIAL tax rate. They pay an EFFECTIVE tax rate.
Trump paid $716 in federal taxes in 2016 and 2017. The average 20k household plays more than $800. Those making between 50k and 75k pay an average of 5k in taxes.
“Real estate offers some unique tax advantages, mainly the ability to write off depreciation against income. It’s common for a real estate investor to show a loss on their income tax return while receiving positive cash flow for the year.
Fractional real estate investors also receive similar benefits. The investment platform Arrived Homes, known for letting investors buy shares of rental properties with as little as $100, paid out $47,000 in dividends to investors in 2021, but only about $2,800 was considered taxable income. The rest was nontaxable return of principal.
That means Arrived Homes investors collectively only needed to report $2,800 in taxable income, despite receiving $47,000 in dividends. Arrived Homes has already paid out $303,000 in dividends so far in 2022 and investors will likely get another nice break come tax time next year.
Another likely reason for Trump’s low tax bills is the use of a tax loss carryforward. Companies such as The Trump Organization can carry losses over from one year to offset taxes in subsequent years. Trump used this strategy after realizing nearly $1 billion in losses in the early 1990s. He was able to carry those losses over each year until 2005.”
How Donald Trump Paid Less In Taxes Than A Household Earning Only $20,000 Per Year
Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the public...
Who cares???why did John Kerry, liberal war hero, hide is big yacht in another state to avoid taxes
I don't give a shit what Trump paid in taxes.Is the IRS on to him? Why don't we ever hear from them on Trump's taxes?
