NYT acquires 1995 Trump tax return; he deducted $916 million in business losses (user search)
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  NYT acquires 1995 Trump tax return; he deducted $916 million in business losses (search mode)
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Author Topic: NYT acquires 1995 Trump tax return; he deducted $916 million in business losses  (Read 14698 times)
Sorenroy
Jr. Member
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Posts: 1,707
United States


Political Matrix
E: -5.55, S: -5.91

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« on: October 03, 2016, 08:20:37 AM »

While I don't really approve of Trump's tax dodging, finding ways to Keep your own money is different than finding ways to take other people's.

I can understand the difference, but the amount of money Trump dodges is so ridiculous that it almost baffles the mind. By not paying his taxes, Trump is stiffing the state of money that would be used to counter the amount going to welfare recipients. In a sense, by not paying his taxes he is forcing everyone else to take on what he should have payed.

Also, just to put things into perspective, the CATO Institute looked at the amount of welfare the "average" welfare family (single mother and two children) received in 2013. They found that the amount state by state is very different, but that it goes from a high of $42,952 in Alaska to a low of $27,269 in Mississippi. According to Trump, Trump made $694,000,000 in 2015. Assuming he should have payed the highest tax bracket, 39.6%, on all of that, he should have payed $274,824,000 in taxes. As such, if Trump had payed taxes he would have been able to support 6,398 families in Alaska to 10,078 families in Mississippi.
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Sorenroy
Jr. Member
***
Posts: 1,707
United States


Political Matrix
E: -5.55, S: -5.91

P P P
« Reply #1 on: October 03, 2016, 08:11:49 PM »

If anything, the complete leaking of NYT not paying taxes in 2014 straight afterwards by Forbes really proves it was a play by Trump.
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