Trump paid less in taxes than a household that makes 20k per year

[Mashmont]

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

President Trump paid his taxes as the tax laws allowed, but you think he should have paid more. Tell us, do you pay more in taxes than you are required to?

 

[Mashmont]

Trump had no income when he was President. No income, no Federal taxes. Duh!

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

Poor Democrats. After all the hype, they got a big fat nothing out of Trump's tax returns. They show paid his taxes legally. They show he sacrificed his own income for the sake of serving the country. So what do the Democrats do? They say his decreased income while in office damages his claim of being a good businessman. So does that mean they think he should have made more money during his term? Would they have praised him for that? We all know the answer.

 

[Mac1958]

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

He did pay a lot in taxes to China, though, so I guess that evens it out.

 

[BackAgain]

Don’t like it? Too bad.

We set up taxation on income. We also set up a system where certain losses etc could be written off to lower what we owe.

Trump has as much right as any other person in this land to minimize what he has to pay.

Don’t like it? Change the laws. But be very careful about trying to tax any accumulated wealth. That’s not “income” anymore. And once that barn door is left open, you can be certain nobody will ever have any wealth again.

 

[BS Filter]

He did pay a lot in taxes to China, though, so I guess that evens it out.

Did President Trump break any tax laws?

 

[Billy000]

President Trump paid his taxes as the tax laws allowed, but you think he should have paid more. Tell us, do you pay more in taxes than you are required to?

No. The entire point is wealth relative to the taxes paid. If I as a middle class worker is paying substantially more in taxes than Trump because he desperately takes advantages of loopholes that are exclusive to his class then it’s a problem.

 

[Billy000]

Did President Trump break any tax laws?

If Biden paid taxes to China instead you wouldn’t give him a pass because it was legal. You would throw an epic tantrum. Because it was Trump, you’ll say anything to defend it.

 

[Mac1958]

Did President Trump break any tax laws?

Unknown yet. It looks like he set up 26 dummy sole proprietorships and deducted millions in expenses with no revenue. That should be interesting.

But regardless, you won't care. As long as he doesn't shoot someone on Fifth Avenue. Of course, you'd forgive him for that, too.

 

[BS Filter]

If Biden paid taxes to China instead you wouldn’t give him a pass because it was legal. You would throw an epic tantrum. Because it was Trump, you’ll say anything to defend it.

Why did President Trump pay taxes to China?

 

[BS Filter]

Unknown yet. It looks like he set up 26 dummy sole proprietorships and deducted millions in expenses with no revenue. That should be interesting.

But regardless, you won't care. As long as he doesn't shoot someone on Fifth Avenue. Of course, you'd forgive him for that, too.

Well, you keep looking. Let us know when you find something. Hahaha.

 

[Billy000]

Why did President Trump pay taxes to China?

That’s a good question. You should ask him. Of course the answer is because he made millions in profit from China.

 

[BS Filter]

That’s a good question. You should ask him. Of course the answer is because he made millions in profit from China.

Ok, so obviously China has different tax laws and not as many deductions as America. So why didn't Biden pay taxes in China? It's pretty simply once you use your fucking brain.

 

[Billy000]

Ok, so obviously China has different tax laws and not as many deductions as America. So why didn't Biden pay taxes in China? It's pretty simply once you use your fucking brain.

Lol what the fuck are you even trying to say right now?

 

[366h34d]

He did pay a lot in taxes to China, though, so I guess that evens it out.

It just shows you do not understand the tax treaty

 

[366h34d]

Ok, so obviously China has different tax laws and not as many deductions as America. So why didn't Biden pay taxes in China? It's pretty simply once you use your fucking brain.

The tax treaty, my god, no wonder MSM can "Trump is a Russian asset" without prove for so many years

 

[hadit]

No. The entire point is wealth relative to the taxes paid. If I as a middle class worker is paying substantially more in taxes than Trump because he desperately takes advantages of loopholes that are exclusive to his class then it’s a problem.

It's not a legal problem because it's not against the law. Why are not the democrats in power even now simplifying the tax code to eliminate all the deductions the wealthy take advantage of?

 

[Billy000]

It's not a legal problem because it's not against the law. Why are not the democrats in power even now simplifying the tax code to eliminate all the deductions the wealthy take advantage of?

Why would I know that? Do you just assume I defend democrats regardless of what they actually do? I don’t. I don’t blindly defend them like you do republicans Yep, they failed to make the wealthy pay their fair share.

 

[jc456]

But obviously it matters if the effective rate rich people pay is next to nothing in federal taxes lol

Federal taxes are only on earnings! What were his earnings? I don’t know why demofks have trouble with tax money

 

[bripat9643]

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

Another idiot who knows nothing about the tax system speaks. Many people who own businesses have years where they pay no taxes because their loses are greater than their earnings.

 

[Wild Bill Kelsoe]

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

A household making 20 grand a year doesn't pay ANY taxes... LMAO