The TRUTH about Trumps Tax Payments in 2016/17 burried in the NYT's own article.
[]"the Times reported that in addition to the $750 paid each year, the president paid the U.S. Treasury an additional $1 million in 2016, and $4.2 million in 2017."
"Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years."
"To cancel out the tax bills, Mr. Trump made use of $9.7 million in business investment credits, at least some of which related to his renovation of the Old Post Office hotel, which qualified for a historic-preservation tax break. Although he had more than enough credits to owe no taxes at all, his accountants appear to have carved out an allowance for a small tax liability for both 2016 and 2017."
"When they got to line 56, the one for income taxes due, the amount was the same each year: $750."
(It's Downright UnAmerican not to take every tax break provided by the Government and the IRS.)
Just try and tell me demo's don't take available legal tax breaks too!
"Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years."
"To cancel out the tax bills, Mr. Trump made use of $9.7 million in business investment credits, at least some of which related to his renovation of the Old Post Office hotel, which qualified for a historic-preservation tax break. Although he had more than enough credits to owe no taxes at all, his accountants appear to have carved out an allowance for a small tax liability for both 2016 and 2017."
"When they got to line 56, the one for income taxes due, the amount was the same each year: $750."
(It's Downright UnAmerican not to take every tax break provided by the Government and the IRS.)
Just try and tell me demo's don't take available legal tax breaks too!
ability to see those returns - OR - HORRORS! mentioned a name....I'd probably be in jail right now. That's without even disclosing the numbers!
But oops. Perhaps the above statement is not fair to the traitor who is still yet an Obamanation.
On second thought, any lib IRS control freak afflicted by TDS coulda done it on his or her or its own.
Flat rate tax, no deductions, balance budget except in wartime. Repeal the 16th amendment.
Until 2009, those coupons could be used to wipe away taxes going back only two years. But that November, the window was more than doubled by a little-noticed provision in a bill Mr. Obama signed as part of the Great Recession recovery effort. Now business owners could request full refunds of taxes paid in the prior four years, and 50 percent of those from the year before that."
When Ted Turner sold CNN he “sheltered his capital gain tax by making a huge donation to the UN. Of course it was designed to be like an annuity to be paid out over many years.
Psst...print out and play the: BIDEN BINGO Card/post/humor I just posted.
One ex-agent in particular was somewhat concerning. He worked in the CID (Criminal Investigation Division) and carried a gun. Now I'm all in favor of guns, but this guy was a nut-job. He was always coming up with some crazy
theory of how someone "done him wrong," and he ended up going off the deep end. Fortunately, without a gun, since he didn't work for CID any more.