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He pays next to nothing in taxes and then he uses our money to go golfing.

Did I get that right?

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Originally posted by wtg:
Didn't take the Biden campaign long....a 30 second ad....

https://twitter.com/TeamJoe/st.../1310399932067729410

Plus:




Like I said, the little guy is going to revel in Trump's tax strategy brilliance.....

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These are the three key points of the Times report:

Trump is not very good at business.
Trump is very good at avoiding taxes.
Trump may have serious conflicts of interests with foreign powers.

Will any of it have a major impact on his reelection chances? Up to a point.

Trump declared a staggering $1.4bn in losses from his core businesses for 2008 and 2009. He appears to have personally guaranteed loans totalling $421m, most now due within four years. The New York Times reported: “Should he win re-election, his lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president.”

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Originally posted by LL:
It is all very disgusting, but his follows don't care. If anything, they will think he is wiser for knowing how to do it.

I HATE him, why doesn't everyone else?

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Originally posted by pianojuggler:
Just like he said that one day one of his reign he would repeal and replace Obamacare.

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Around the same time President Donald Trump was reportedly paying little to no U.S. income taxes, he allegedly paid the Chinese government more than $188,000 in taxes over two years.

Trump paid China $188,561 between 2013 and 2015 through a Chinese bank account controlled by his company Trump International Hotels Management L.L.C., according to a report published Tuesday by The New York Times. The Chinese bank account is said to be one of only three foreign accounts the president maintains, with the other two being located in the U.K. and Ireland.

Despite the account being used to pay a relatively large tax bill, the Trump International Hotels Management reportedly only declared a few thousand dollars in income. The IRS requires Americans to report income from foreign countries. It is not clear how much money flowed through the soon-to-be president's foreign accounts, according to the Times report.

The paper reported late last month that it had obtained 17 years of Trump's tax returns, which the president and his lawyers have continually attempted to block from becoming public. The documents are said to reveal that Trump paid no income taxes for 10 out of 15 years and only $750 in both 2016 and 2017, the year he was elected president and the year he took office.

Trump Organization lawyer Alan Gartner told the Times that Trump opened a Chinese bank account "in order to pay the local taxes" on business ventures he had hoped to take advantage of in Asia. Garten refused to identify the name of Trump's Chinese bank.

"No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive," Garten said. "Though the bank account remains open, it has never been used for any other purpose."

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The findings of a recent investigation by Republican U.S. Senators Ron Johnson and Chuck Grassley included Hunter Biden's alleged "ties to the Chinese Communist Party," highlighting his opening of a Chinese bank account as evidence.

Even more recently, the FBI opened an investigation into whether allegations against Hunter Biden reported on in a disputed New York Post article touted by the president were part of a Russian disinformation campaign, according to the Associated Press.

"Joe Biden must immediately release all emails, meetings, phone calls, transcripts, and records related to his involvement in his family's business dealings and influence peddling around the world—including in CHINA!" Trump tweeted last week.

None of Biden's tax returns and public disclosures, which he has voluntarily released, show that he had any business activities in China. The president's own business dealings with China and Chinese government interests have rarely been mentioned by himself or his allies, but they appear to be extensive, according to the Times report.

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Originally posted by pianojuggler:
How do you pay $188,000 in tax on a few thousand in income?

Something just doesn't make sense here.