A cool $750

Uh oh, it seems that billionaire Don hasn’t been paying a huge amount of income tax. You’d think the tariff on the income from all those billions would be quite a high figure, but…

Donald Trump, a self-proclaimed billionaire, paid only $750 in federal income taxes in the year he was elected US president, according to a stunning New York Times investigation that could shake up the presidential election.

My goodness. That’s a very small figure.

The president “paid $750 in federal income taxes the year he won the presidency”, the paper reported, adding that “in his first year in the White House, he paid another $750.

“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.”

In all, the paper said, Trump paid no federal income taxes in 11 of 18 years its reporters examined. Many of his businesses, including his golf courses, report significant financial losses – which have helped him to lower his taxes.

He babbled at a “press briefing” today.

“Totally fake news, no. Actually I paid tax. And you’ll see that as soon as my tax returns – it’s under audit, they’ve been under audit for a long time. The [Internal Revenue Service] does not treat me well … they treat me very badly. You have people in the IRS – they treat me very badly.”

You’ll see that as soon as you see his tax returns, which will be never. It’s like that health care bill that we’re always going to see “in two weeks,” which is the same as jam tomorrow.

Pressed on why a billionaire only paid a few hundred dollars in the year he won the presidency, Trump insisted: “First of all I paid a lot, and I paid a lot of state income taxes too. The New York state charges a lot and I paid a lot of money in state. It’ll all be revealed. It’s going to come out but after the audit.”

In two weeks. You can see the taxes in two weeks, and two weeks ago, but never taxes today.

“Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television,” the Times reported on Sunday.

Why did the IRS allow it?

“Ivanka Trump, while working as an employee of the Trump Organization, appears to have received ‘consulting fees’ that also helped reduce the family’s tax bill.”

Who the fuck would ever want to “consult” Princess Ivanka about anything? Consult the nearest Barbie doll instead; at least it’s cheap.

The paper added: “Over the past two decades, Mr Trump has paid about $400m less in combined federal income taxes than a very wealthy person who paid the average for that group each year.”

Making America great again.

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