Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.There is a lot of detail in the story, including how Trump may be committing tax fraud by describing residential real estate as investment property. That is under investigation in a case that has the potential to send Trump to the Sing Sing Retirement Home.
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.
...
The picture that perhaps emerges most starkly from the mountain of figures and tax schedules prepared by Mr. Trump’s accountants is of a businessman-president in a tightening financial vise.
He may be in real trouble, as in the "flee to a dacha outside of Moscow" kind.
Stay tuned.
Hey Mac, I've got a bargeload of steaming shit, waybill says to deliver it to 1600 Pennsylvania Avenue, you got 15 minutes to take delivery, where you want it?
ReplyDeleteFrom Pamela Merritt's Twitter feed:
ReplyDeleteJason Kander
@JasonKander
· 4h
He’s broke, he lives in our house, and he’s been stealing from us.
-Doug in Sugar Pine
Doug, I used thst. Thanks!
DeleteThe header in today's Detroit News online says this information might tarnish Trump's reputation. If this is news to anybody that's been awake the last four years they should expand their news sources a bit. The die hard Trump supporters will just call it fake news and refer back to Fox "so called" News.
ReplyDeleteWhat I really want to see is the look on its' face when Putin says no.
ReplyDeleteYes, it.
Standard grift...
ReplyDeleteLose money paying family exhorident prices for services,
keeps the loot in the family.
Eck!
The $421M due within the next four years is interesting and potential leverage over him...but the possible $100M for the incorrect $72.9M refund plus interest and penalties is imminent. Of course, that’s Federal, does that make it pardonable?
ReplyDeleteI don’t believe that the pardon power reaches taxes owed.
ReplyDeleteI believe, after research, that he could avoid any jail time (limited to criminal tax charges) but not the fines and penalties (civil tax charges). However, as President, does he have the power to have the IRS drop charges/prosecution? It might be an impeachable offense, but we’ve seen that doesn’t mean shit.
ReplyDeleteI got it from Pamela Merritt's Twitter feed. I've been reading her blog as long as I have been reading yours.
ReplyDeleteI'm kinda curious about who, exactly, Fergus owes the $421 million to, and how, exactly, he plans on paying the major part of it that comes due in what would be his second term back.
Seems like a security risk to me.
-Doug in Sugar Pine
We have called him Putin's Poodle for some years...
ReplyDeleteHe is more than security risk.
Eck!