Donald Trump paid $750 in federal income taxes in 2016, and then again in 2017

President Donald Trump Departs White House for Pennsylvania Rally

The people of the New York Times decided to actually do their friggin’ jobs for once and they got their hands on Donald Trump’s tax records. The records, from what I’m seeing, are still incomplete, but the Times has more information than we’ve ever had before about the recent state of Trump’s debt and his absolutely bonkers tax situation. I’m not even going to try to recount all of the lies Trump has told about his taxes over the years, and he absolutely never wanted any of this made public. You can see the NYT’s exclusive here. Here’s the beginning of the piece:

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.

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. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.

[From the NYT]

$750 a year. Oh my f–king God. Don’t get me wrong, I actually believe that he was losing more money than he made. I actually believe that his businesses are an elaborate house of cards built on fraud, mismanagement, mob ties and foreign interference. But Jesus Christ, ALL of us pay more in taxes than that.

The Times’ examination of the tax records show that Trump has been hemorrhaging money for decades, pouring good money after bad into his golf clubs and various real estate disasters, and that “he is simply pouring more money into many businesses than he is taking out.” He also has $300 million in loans coming due in the next four years. Of course, they also show that while in office, Trump has been bringing in money from overseas “deals” too.

Photos courtesy of Avalon Red and Backgrid.

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125 Responses to “Donald Trump paid $750 in federal income taxes in 2016, and then again in 2017”

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  1. Lightpurple says:

    But HUNTER BIDEN!

    • Sankay says:

      Exactly

      Is anyone here watching HBOs series called Agent of Chaos? It concerns the Russian interference in the 2016 election. It is eye opening to say the least.

      • Eugh says:

        I am and it’s frightening, it’s happening everywhere in the world too. It’s the downfall of democracy at the hands of one person.

  2. Jay says:

    I’ve always thought that one of the best ways to discredit Trump was to show how much of a failure he is, a millionaire perhaps but definitely not rolling like he claims. Those who watched the reality show version of him with a fake boardroom and fake deals might realize they were conned.

    You know he’s so mad this is pulling focus from his supreme court nomination.

    • Esmom says:

      They don’t realize it. They immediately jumped into defend him with nonsensical rationales. His supporters are a lost cause. But maybe some undecided voters will be swayed. Fingers crossed.

      • Suz says:

        I am watching Leah Remini’s docuseries on Scientology. There is very clear and simple documentation showing what a fraud L. Ron Hubbard was. It’s not new. But the cult followers still think he’s God, basically, and continue to let the CoS defraud them. So…MAGAts are essentially in a cult.

    • Christin says:

      Never fear, Faux News was nonstop covering the SC nomination while the tax story was burning up the chyrons on the other two cable networks yesterday evening.

      This story confirms what several have been saying for years – it’s a shady con game where finances are concerned.

    • Annaloo. says:

      The Emperor has no clothes!

    • minx says:

      I’m enjoying the blowback he is getting SO much. And today Forbes is reporting that he has $1.1 BILLION in personally guaranteed loans coming due in the next 2 years.

      • Christin says:

        Explains the desperation to win at all costs.

      • Digital Unicorn says:

        And lets not forget the dodgy bank he owes the money too – Deutsche Bank who are currently being investigated for money laundering for many wealthy, and Russian, individuals and businesses.

        He WILL default on those loans, like he has always done while stuffing his pockets with all he can get from the US Treasury.

  3. Megan says:

    I live in WI and it’s disheartening to read the comments on this story from our local news. I saw so many versions of “all smart businessmen do this” along with several comments about him forgoing his salary as president, as if that somehow absolves him. It’s maddening how much support I saw.

    • Lanie says:

      Yes, but smart businessmen don’t have nearly $400,000,000 in personal debt to Deutsche Bank, plus $100,000,000 debt for fraudulent tax and loan docs.

      • FancyPants says:

        Gah it’s so much more stunning when you type out all the zeroes.

      • Scal says:

        And dont forget his personal loan officer at Deutsche bank is the son of former supreme court Justice Kennedy. The one who randomly retired so we could have kavanaugh.

    • Lemons says:

      All smart businessmen con the system! No one should pay their fair share of taxes!
      Not even elected officials! /s

      Some thoughts:
      1. America has forgotten the social contract on which is built our society. This is why it’s crumbling before our eyes. There is a reason we pay taxes. There is a reason that we try to bring everyone to a level playing field.

      2. Where are the calls for Trump, the welfare queen? How much welfare did he receive to only pay $750 in taxes? A supposed BILLIONAIRE is paying less than those in poverty. How can people contort their minds to accept this?

      • BnLurkN4eva says:

        He is a white, heterosexual, so called christian male, they don’t get accused of being welfare kings, wrong color.

    • kelsey says:

      Sadly, yes.

      Trump supporters I know could care less about his taxes. They think he is “brilliant” for being able to game the system and actually admire him for not paying his taxes. He’s “smart” and they dream of being able to avoid paying taxes as well. Trump is living their fantasies.

      Also. I don’t believe it when he says he donates his salary. And even if he did, he and his family are raking in hundreds of millions of dollars through stealing from his campaign fund and hawking his businesses. Oh and the fact that he and his ugly spawn are billing the taxpayers for all their vacations and expenses.

      • Jerusha says:

        What??? I am shocked!! Shocked, I tell you. Are you saying these people who wrap themselves in the Stars and Stripes don’t believe in paying for this country of ours? Are you saying they think only immigrants and leftists like me should be paying? Nooooooo, tell me it’s not true.😢

      • Joanna says:

        Yeah, I don’t believe he doesn’t take a salary.

      • Meg says:

        ‘Trump supporters I know could care less about his taxes. They think he is “brilliant” for being able to game the system and actually admire him for not paying his taxes. He’s “smart” and they dream of being able to avoid paying taxes as well. Trump is living their fantasies.’

        This was explained quite well. I realized his supporters wish they got away with not paying their bills, saying tactless insensitive rude immature things and didn’t lose their job like him. He is living their fantasy.
        My brother bragged to me years ago that it was all of our duty to stay one step ahead of the IRS like a game avoiding taxes. I asked if he feared getting a fee or in trouble and he said he’d stay one step ahead of them. The next time i saw him he was handing my dad cash to pay back the tax bill my dad paid for him.
        It’s narcissistic, they feel superior like they tricked the IRS which they feel is a sign of their intelligence where moral people would feel its wrong to avoid paying their fair share of taxes. but fair to some is nothing, companies lie about making no profit to justify paying no taxes or underpaying employees. They used it as justification to open up businesses too early

      • MsIam says:

        Trump gives his people cover for being racist. Most of them hate the government and hate to pay taxes too. I used to work with one of those wing nuts and his favorite line was “Why should MY money go for this or why should I have to pay for that?” So yeah for all of those “ good patriots” that support Trump? They won’t bat an eye.

      • Suz says:

        It’s the same people who think tax cuts to billionaires and corporations are righteous and good while they get screwed and who think being poor is a sin when it’s those billionaires and corporations who create poverty in the first place.

    • Joanna says:

      I live in FL and it’s the same here. 😥 how can people still support him?

      • AnnaKist says:

        His supporters’ thinking only goes so far. For example, nations whose governments believe in a decent welfare system – something that we hope we’ll never need help from – makes for happier citizens. Happier citizens are healthier and more productive people. Productive people keep the country and its economy ticking away nicely. Every country/society needs a gppd welfare system, decent health care, hospitals, schools, roads, courts et. etc. Trump’s moron majority don’t or can’t stop to work out how these things are paid for, and that maybe, just maybe, if maggots like trump paid their fair share, all these necessities could be improved, which would benefit everyone even them, if illness, job loss or other dire event befell them.

        I don’t know what it is, and we have the same people in Australia. You know, those who believe anyone their *whatever-ist* arrows are aimed at – Indigenous people, immigrants, Muslims, the disabled, single mothers, in other words, people not like them – are getting what they are not: free housing, a car, free internet, a mobile phone, food vouchers, large welfare payments… It doesn’t matter to these people how badly off some groups are., if they are on the *Ist* list, they shouldn’t receive anything that they themselves are not getting. And they will not be moved by reasoned debate or the presentation of evidence debunking their idiotic beliefs.

        Of all people, their beloved nazi president is now telling them it’s ok to cheat the system. That’s all they needed. Oh, maybe also the book he’ll write telling them all how he did it. Another one of those books that promise riches, but the only riches go to the author, putting aside the fact that he’ll use a MAGAt ghost writer.

  4. Sa says:

    I am hoping (not confident in that hope, but hoping nonetheless) that this will stick with people enough the Congress is actually forced to majorly overhaul our tax system. Because of course Donald Trump is a fraud and lies in whatever way will help him. But also, our current tax system helps him to do so.

  5. Sarah says:

    I paid more than that the year I made $18K living in a major city but couldn’t afford the bus and needed a food bank.

    The lengths these people and their corporations will go to to not pay taxes and the politicians that make it happen are amoral and abhorrent.

  6. Digital Unicorn says:

    Everyone knew this but it will not matter one iota to his cultists – all that matters to them is owning the libs, taking healthcare away from women, the poor and people who are not white and taking all rights away from women.

    America I fear for you – we are already seeing sh!t like this over here in the UK and Europe. If you guys fall, we’ll fall after you. This pandemic has really opened my eyes to just how many people buy into what Trump and his ilk are selling. We have learned nothing from events in the last 100 years.

    • heygingersnaps says:

      The right wing here in the UK have been emboldened for years now but even more so now. Look at that pathetic loser laurence fox who’s setting up a party to ‘reclaim’ British values, what British values? Colonising and looting? Asking for paypal donations probably wasn’t working so now he’s got a cool £5m to play with for this so called party.
      I really hope the Americans come out and vote and reject the charlatan sullying the White House.

      • Crumpets and Crotchshots says:

        The UK breaks my heart. I am reading about the rampant transphobia on top of everything else. What the hell happened?

      • Digital Unicorn says:

        Brexit opened the flood gates – people are now not afraid to be openly racists, anti-semitic, transphobic, homophobic etc…

        I am Scottish but have lived in London for 20 years and one thing that always struck me – that English people have no real sense of their own national identity. Scotland, Wales and N.I. have always had a strong national identity, however English people seem to equate their national identity with being British and the Empire of old. England does have its own national identity but people seem to have forgotten it or have no interest in understanding it. I really think that is what drives a lot of this narrow minded little Englander attitude that fuels the right wing media and mindset. They have been indoctrinated into thinking that their identity is going to be taken away but they don’t even know what that is – they don’t even know what ‘British’ values are. As for Fox, his career has been over for some time and he is a well known douche.

  7. Merricat says:

    Hahahahaha! What a loser he is.

  8. Aang says:

    We all knew, this isn’t a surprise. The comments from the mouth breathers about this story? “He’s such a genius for hiring good accountants.” Or: “All rich people evade taxes.” They just don’t care. As long as trump “owns the libs“ they will follow him into the abyss. I’ll be surprised if this changes the votes of a dozen people.

    • Edna says:

      Unfortunately the cultists are dragging the rest of us along with them into the abyss.

    • holly hobby says:

      These morons should learn that no one gets away with pulling a fast one on the IRS. People have gone to jail for less than how much he’s cheated (paging Wesley Snipes!).

  9. Edna says:

    And is anyone surprised? I shudder to think of what kind of “tax cuts” he and his rich cronies would ram through if he gets a second term. All to continue using taxpayers and the U.S. Treasury as their piggy bank.

  10. Insomniac says:

    But her emails… *sigh*

  11. lemonylips says:

    What a way to show love for your country. I’m not religious but I might just start praying for all of you to manage to take him down. I can’t imagine how furious people must be.

    • Edna says:

      Please pray for us. I’m not overly religious either, but I pray every night that God will not forsake us and save us from ourselves….that more eyes and hearts will be open to understanding so we can rise up together to defeat these dark forces that seek to overwhelm us.

    • Esmom says:

      Most of us who have seen through Trump for decades are not surprised by this information. And unfortunately his supporters will only dig in deeper. In a world where Kyle Rittenhouse, who went from IL to WI and murdered protesters, is hailed as a hero, even if Trump is taken down and sent to prison, his supporters are likely to carry on the sh^tty and amoral legacy he’s created.

      • Digital Unicorn says:

        I agree with your last part – even if Trump and his GOP enablers are kicked out of office and put in jail, the evil genie is out of the bottle. Others, like Grifter Barbie, will carry on after him fanning the flames of hate to line their own pockets.

        We are at the dawn of a new age but its one that am not sure the majority of the people will agree with.

      • lemonylips says:

        I can’t imagine what awaits for us ahead. I keep thinking about something I was told when I was little: when our societies reach a certain peak (example would be ancient Greek and Rome) in culture or technology, there needs to be a change. Problem is, as history has shown us, that those changes were going back to some dark times instead of moving forward. I can’t believe that in 2000 years we have not evolved in general.
        @Digital Unicorn, I’m curious about your idea of this new age.
        and @Edna, will do. I am more of a beliver in energy than anything else, so I’ll try to focus on a positive one.

    • MsIam says:

      Deleted

  12. Jerusha says:

    I paid 15 times what he paid. I guess I’m not crooked enough to be president or maybe I’m just more patriotic than the trumps.

  13. Lucy2 says:

    This should surprise no one, everyone smart knew he’s a con and a loser, and his cultist followers won’t care and will call it fake. Facts don’t matter anymore. All we can do is vote and try to claw our way back from the abyss.

  14. Who ARE These People? says:

    More stories to come
    …that’s going to keep him and his vile Party on the ropes.

    • Esmom says:

      Let’s hope. We need every vote we can get.

    • Darla says:

      Do you think he’ll show for the debate tomorrow night? I am seriously wondering if he will even be in any condition to do so. I don’t know.

      • Imogene says:

        I can’t see him showing personally.

      • lucy2 says:

        I honestly wouldn’t be surprised if he manufactured some sort of crisis to avoid going.

      • Chrissy says:

        Oh, he’ll show up. After all it’s all about the “RATINGS”. Remember this man is incapable of feeling shame and he sees even negative attention as good! I just hope Biden rips a strip or ten off this lying, traitorous loser.

      • DebraSam says:

        I’ve been wondering if he will stalk Joe on the stage like he did Hillary.

      • Suz says:

        @Darla – Fox News is hosting it. They’ll just give him softball questions.
        @DebraSam, I said the same thing to my husband yesterday. And I’ve said he could flat our murder Joe Biden on that stage in front of the world and his cult followers will still worship him. See what Mussolini did to his political opponent.

      • holly hobby says:

        Chris Wallace is moderating. He’s already not a dyed in the wool fan. I hope Wallace doesn’t let up.

  15. Darla says:

    It doesn’t matter what his cult supporters think. this is it, the great unraveling. They are all going down. There’s a reason Brad Parscale had a giant meltdown late yesterday, barricaded himself in his house with his weapons, and had to be taken into custody. The reason is; money laundering.

    It’s all happening. Get out the popcorn, this is our reward for 4 years of mental anguish, and folks, it’s gonna be good

    • Esmom says:

      I missed the Parscale story, wow. I can’t believe it’s happening yet…could it be?

    • Merricat says:

      Please let it be so!

    • Betsy says:

      I’ve been burned before, Darla. I can’t bring myself to actually hope that this will change anything about the legal peril these traitors and cheats are in. I will enjoy the fact that the spotlight is on them right now and I will let that be enough for me for right now.

    • Emily says:

      I wonder if some of the campaign donations have been going to pay Trump’s personal debt and now Brad is implicated.

    • chicken tetrazzini! says:

      After the story came out about how all the large banks are basically money laundering for different mafia and terrorist types, I would not be surprised if Trump Enterprise is wrapped up in some kind of scheme with Russian “businessmen” to launder their dirty and somehow still take a loss to avoid taxes. There’s some real funny math being done around Trump and finally we’re starting to see some of it laid out in public. After Trump, I hope they get McConnell et al and the whole party burns in a terrible grease fire

    • Ponchorella says:

      Interesting timing, for sure. Parscale must have been funneling money to others besides Lara Trump and Jr.’s bimbo.

    • holly hobby says:

      We may not be able to nail the entire mob for the other crimes but financial crimes are the easiest to prove and litigate. Al Capone went to the pokey for tax evasion. Spiro Agnew lost his job for tax funny business too.

      I think someone is finally tired of all the games these goons are playing and doing a slow leak between now and November.

  16. Sofia says:

    His base pays more taxes than he does but they don’t/won’t care.

  17. SamC says:

    This isn’t surprising at all…years ago Warren Buffet noted his administrative assistant paid more income taxes than he did. And while many of his shenanigans are common in the business world, it’s astounding anyone actually still believes he’s some sort of financial and real estate genius.

    At this point he seems to be throwing everything and anything at the wall (ha!) to try and make it stick to win re-election.

    • Suz says:

      See that’s a good argument to make with those who fear his cult followers don’t care and will blindly vote for him (I fear this too). If he was so confident, he wouldn’t be getting more and more desperate to stay in office. I honestly fear for Joe Biden’s safety at this point.

  18. Snuffles says:

    The biggest take away I got from this is that all of his hundreds of millions of debt is coming due in 2022. His gaming the system is about catch up to him. This makes him vulnerable to the foreign entities that he is indebted to. That alone should cause him to lose his job. Carrying this much debt is a red flag in a typical government back ground check for any job that requires security clearance.

    This “robbing Peter to pay Paul” way of handling your finances and taxes may sound clever in the moment but it will ALWAYS catch up to you. That’s what these Trumpers don’t get. And in this case it’s ALL OF AMERICA who are going to suffer the consequences of these greedy Republicans tax evading ways. Trump was hoping he would be dead before his gaming the system caught up to him personally and everyone else would be forced to deal with it.

    • Merricat says:

      Agreed, 100%

    • SamC says:

      This…people applying for mid level government jobs can be denied employment if a hint of financial issues comes up in a background check, yet Trump could sell the US to Russia to get out of his debts.

      • lucy2 says:

        This is a really good point.
        It would be nice if someone had to pass a security check (and pass a basic civics exam) before even being allowed to file papers to run for POTUS. He never would have gotten anywhere close to the White House.

    • Darla says:

      I mean, he’s a total criminal and should be in prison, and maybe will end up there yet (Something I didn’t believe could happen until very recently), but yep, we need to know every tom, dick, and Vladmir who owns a piece of this dude, and what they are getting from him as payment. Because it’s not his cash they’re getting.

    • TaraBest says:

      I worked for a property management company that would deny job applicants if there was too much active bad debt on their credit reports. The thinking was that because these employees would have access to hundreds of SSNs, paystubs, bank statements and other sensitive information anyone with overwhelming bad debt would be a higher risk of committing fraud. If a mid-sized company can make that stand to protect its customers (renters) why are there no rules for the person running our country?

      • Christin says:

        Credit reports are a key component of the hiring process at many companies, such as financial services.

        In government jobs, this type of financial debt would likely impact gaining a security clearance?

    • Suz says:

      I worked for a private insurance company that had a policy of firing new hires if their credit checks came back as poor. It’s insane that he is in the position he’s in.

  19. Becks1 says:

    the 750 dollars was an excellent starting point for the Times article because after that the article gets a little complicated. But 750 in federal taxes? People get that. It boils the whole mess down to two numbers – 750, and 0.

    to the extent that everything was legal (and while the article doesn’t say it wasn’t legal, it does say there was a lot of manipulating and maneuvering) , it says to me that we need to massively overhaul our tax system. And to the extent that anything wasn’t legal (like the tax refund under Obama, wtf), he needs to be held accountable.

    • Esmom says:

      I also feel like it should be noted that the Bidens paid a third of their income. Although I guess the MAGAs would call them suckers for following the rules. But the contrast is pretty staggering.

    • Darla says:

      His payments to Ivanka as “consulting fees’ are not legal at all. And that’s just one thing. His bank loan apps won’t match his returns, that’s bank fraud. And there’s going to be more.

  20. Christin says:

    He who claims the longest audit in history will surely be able to explain all those deductions, right? Like huge deductions for hair and makeup (including $70K for his own hair “styling”).

  21. SJ Knows says:

    If the IRS brought down Al Capone….Take down Trump!
    Trump has been a liar and a con man most of his life. How is it possible his supporters do not see this?
    I plan to vote Dem all down the line. God help us all.
    I am a fallen away Catholic and yet the phrase “No atheists in foxholes” applies to our entire Government.

  22. Tiffany says:

    This ain’t new. Not really. Mary Trump already told us that she turned over documents regarding Casino’s finances.

    I been following David Fahrenholt at WaPo. That in depth story about the Trump charities is what lead the to NY AG office to looking into and file charges. That was legit grunt work and he is still on it and none of them can run a charity anymore and Forgotten Child Eric is due to speak with AG James by 10/7. That is cause and effect when you write a story.

    I am not and will not give NYT any credit. At all.

    • Christin says:

      Yes! There have been several people hammering at the financial story for years, and I was pleased to see several of them on TV last night. They are not cable news hosts or well-known names, and they deserve credit.

      NYT is only confirming what others have been trailing and trying to sound an alarm about for a very long time.

    • Jerusha says:

      Fahrenthold is on MSNBC right now discussing this. He won the well deserved Pulitzer Prize for his reporting on trump’s fraudulent charities. I subscribe to WaPo, NOT to NYT, no matter how many offers they send me.

    • Coco says:

      After the NYT story broke yesterday, I kept checking other papers’ sites to see if it had been picked up. Yesterday the Washington Post had a story that will probably get lost about Trump’s manipulation of his father with Alzheimer’s during his father’s end of life. I think this was also long rumored, so the details aren’t surprising but still morally repugnant.

  23. TheOriginalMia says:

    I paid more in 1 quarter than he did for an entire year. Disgusting. It won’t make a difference to his supporters. They’ll just say he knows how to game the system. And they are right. What they should be concerned about is the $400M in personal debt & $100M in business debt. That makes him incredibly vulnerable to bribery.

  24. Mabs A'Mabbin says:

    This won’t mean a thing to the very people it needs to mean a thing. In fact he could probably organize a little vid collection about how to escape the tax man and charge a hundred bucks, and his jock supporters would stand in line

    • Meg says:

      Sounds like a get rich quick scheme.
      I always loved the ending of wolf of wall street where he’s hosting one of those events with an ankle monitor on and its filled with people taking notes ready to learn, from a convicted criminal who stole. They’re paying to learn how to steal

  25. Steve says:

    Just remember the American way.
    If you require government assistance you’re a moocher.

    But if you cheat the system you’re a smart business person

    • lucy2 says:

      And if you don’t pay federal taxes due to being truly low income, military, disabled, etc, you’re also considered a leech. Remember Romney whining about the “47%” and how everyone should pay their fair share?

    • Traveler says:

      This is the mentality of these people in a nutshell.
      No more needs to be said.

  26. Leah says:

    His supporters won’t care, they’ll label him a hero for being “smarter” than the tax man and vote for him anyway. They are beyond reasoning with so I don’t bother.

    The $750 will stick like a sore point with everyone else which will be useful. Hoping Biden uses this against him in the debate.

  27. Juniperus says:

    If he really paid $70K for hairstyling he should ask for his money back. It is NOT that awful to be bald.

  28. Emily says:

    To his cult, tax evasion makes him a hero. The cult is who needs to be persuaded in this election. The rest of how know he’s a failure.

    The real story is the debt. Having $421 million in debt makes him hugely vulnerable to extortion, making him a national security risk and unelectable.

    The second story is the loans from that shady Deutsche Bank and whether there is a link to Russia and Justice Kennedy stepping down (his son worked for D bank) and the payment of Brett’s debt. I look forward to NYT following up on that lead. Right now it sounds like a bit of a conspiracy theory, but I think there’s something to it.

  29. lowercaselois says:

    TRUMP has paid $750 in taxes, but took a $70,000 deduction for his hair styling when he was on the Apprentice tv show. So that awful head of hair cost $70,000. Someone got ripped off.

  30. Lizzie says:

    There is no world where a man who lies hundreds of times daily about everything under the sun does not cheat on his taxes. That is what he is covering. I’m sure he doesn’t want known how much money he has lost but it’s the tax cheating he is covering up. Michael Cohen testified about the inflating the value of properties for loan applications then deflating them for taxes. That is probably the tip of the iceberg.
    This is part of why he will do anything to stay in office. The first thing he did in 2017 was appoint a friend as head of the IRS.

  31. Veronica S. says:

    If his supporters weren’t so dangerous in their delusion, it would be hilarious how happily they hand their paychecks over to people like him with no sense of self-awareness. As it is, all I see is the looming spectre of a major recession on the horizon, one that’s going to take us even longer to dig ourselves out from since we were still just barely recovering from the 2008 stumble. Even if Biden wins in November, there’s such a massive mess to clean up…I don’t know guys. The courts are packed by conservatives at this point, and they will do their best to undermine the state rights they claim to respect so these old men can have their last grasp at power on the way out.

    Unless Millennials and Gen Z finally step up and start using their newfound demographic power, it’s going to keep backsliding. However, it feels like so many are disheartened by the decade previous where we literally didn’t have the sheer numbers to overwhelm older voters that they don’t see the point. We need term limits on all congressman, judges, and other appointed positions in the government. We need to get rid of the electoral college. We need to repeal the limit on regional congress size that was put in the 1930s. I just don’t know that you’re going get that when both sides, even the Democrats to a large extent, have too much money tied up in the current system to want to change it.

  32. emu says:

    So disgusting. :(

  33. Rapunzel says:

    Dear Trumpsters: If Trump is so above board, then why are you all screaming “everything was legal” when the NYT never said or implied otherwise?

    And if “everything was legal” and Dems are just jealous they don’t have Trump’s brilliant accountant, then why are you screaming this story is fake?

    And why is Trump denying this tax story and calling it negative if it’s so legal and brilliant?

    And if this is fake, shouldn’t Trump stick it to the “fake news media” by releasing his tax returns?

    #thebadlogicmakesmyheadhur

  34. Rapunzel says:

    Real talk: Rich people almost always avoid paying taxes, so Trump not paying is no surprise, and nothing new. Is rich folks not paying taxes genius, like some Trumpsters say? Absolutely not. It’s greed, not genius. But rich people are usually greedy, so big shocker.

    I ain’t mad Trump uses whatever loopholes possible to avoid taxes… I’m mad these loopholes exist. I’m mad average, struggling folks still support rich men like Trump manipulating the system. I’m mad that these supporters are showing me just how shady they’d be if they had the chance.

    I’m mad Trump refused to show his taxes after promising to, simply to hide his tax avoidance and business losses (which anyone with a brain could have guessed). I’m mad Trump’s losses are probably part of a huge money laundering scheme. I’m mad that Trump’s losses also indicate his inability to properly run a business, but his supporters still think he’s a fabulous businessman.

    I’m mad Trump still refuses to admit the truth about his tax avoidance and business losses, and once again blames “fake news” when the NYT wouldn’t publish without receipts (hopefully). And I’m mad he still won’t release his taxes, which, if this was fake news, would be the appropriate play. And I’m mad that his supporters will continue to refuse to acknowledge reality by ignoring every one of my above points.

    • JJ says:

      There’s a big difference. Buffet’s assistant paid a higher tax rate than Buffet, not a higher amount of taxes in dollars. Their anecdote illustrated the difference between paying taxes based on capital gains (Buffet) and taxes on earned income (admin), and the inherent unfairness of that system.

      But they were at least both paying. Trump is doing all sorts of shenanigans to avoid paying anything.

  35. Le4Frimaire says:

    The emperor has no clothes and is a broke bitch who owes money and pays less in taxes than your average minimum wage worker. Trump would not be qualified for most government jobs based on his debt level. If he had to release his tax returns back in 2016, would he even be here today? We have let this man get away with so much but continue to give him legitimacy. He’ll get away with it too.

  36. Izzy says:

    He paid more for sex than he did in taxes. He paid more for his HAIR than he did in taxes. Make it make sense.

  37. Mina_Esq says:

    Not only has he not paid federal taxes, but he has further managed to get those that do pay taxes to also sponsor his vacations and trips to the golfer course. The man hasn’t no shame, and his grift game is next level. I’d die of shock if he ever did anything that wasn’t 100% selfish.

  38. Suz says:

    This one goes out to the folks who said “I’m voting for Trump because he’ll run the country like he runs his businesses!” Yeah, via massive corruption and into the ground.

  39. olliesmom says:

    #IPaidMoreTaxesThanTrumpDid

  40. olliesmom says:

    #IPaidMoreTaxesThanTrumpDid

    That is just his Federal taxes. What about state taxes in Florida where he is a resident?

    • H says:

      Florida doesn’t have state income tax.

    • fluffy_bunny says:

      FL has a tangible tax based on how much money you have. I worked in banking and a bunch of old people always called on NYE to find out what their balances were so they could file their taxes ASAP. He likely has very little liquid cash.

  41. MsIam says:

    This won’t move his supporters but for those on the margin, I think they will really have to ask themselves why they would vote a criminal and tax cheat into the highest office in the land.

    • Christin says:

      “What if it were Obama or HRC?” is a question for anyone who thinks the tax return hiding and alleged massive debt load are not issues for highest office in the land.

      If Joe owes a school classmate 5 cents from the 1950s, I am sure that would end up being a huge scandal in the upside-down world.

  42. Kimber says:

    Important distinction though is he didn’t just use loopholes… he flat out committed fraud.
    I also wouldn’t be surprised if he has multiple off-shore accounts full of Russian money.

  43. Louisa says:

    This is why McConnell and the Reps are so determined to push through the SC nomination before the election. They know Trump is toast and as long as they get this SC seat they don’t care. For decades this has been their end goal and now they have it. They will be fine with 4 years of Biden as long as they have a stacked SC and I honestly think they might be glad to be rid of Trump and his chaos.

    • MsIam says:

      Agree. They have been using him as a distraction to hide what they are doing with the judicial appointments.

  44. Eugh says:

    Good on Joe though. Paying $3MM in taxes means he did really well for himself post VP.

  45. Valerie says:

    I always knew he was broke.

  46. Rise and Shine says:

    Been waiting for this for years! So glad it is finally coming out, and hold on darlins much more on the way. Trump and his family went WAY too far, shoving themselves into our Government to save themselves. Nope, not okay. We took the high road, we tried to be cool, but yep they pushed it too far. Let the truth prevail, and vote them out!

  47. RoyalBlue says:

    He should do the honorable thing and resign. What a disgrace.

  48. Marni112 says:

    I have a child going to school in the US and she says people have told her they are not voting for Biden because he gropes girls.A friend told me he was great for the economy and her 401k has never done better.Then there is the pandemic mess with people refusing to take basic precautions and Trump spins that as only 200k have died and people accept that.With that level of intelligence and the general laziness of voters in general (a problem in many democratic countries) , I predict Trump is in for another 4 years.

  49. Gucci says:

    He’s an abomination. I’m in Canada and I truly fear for my country if he wins in Nov. I heard a depressing interview tonight – a young Christian woman from Florida who’d voted for him in 2016, had been dismayed over the years about his tweets and rhetoric, and considered herself on the fence about him for 2020. His appointment of Judge Amy did the trick, though – she’s voting Trump this year. People would vote for a convicted serial killer if that person would guarantee no abortion access forever and ever..and they’d ignore the contradiction in that. My head explodes at the human capacity for denial of reality, refuge in ignorance, and willful stupidity.

  50. Andrea says:

    This shouldn’t be surprising—he is all smoke and mirrors selling us all snake oil and ALOT bought it.

    That being said, my father pays a lot less taxes because he puts a lot of his money in tax free US bonds. There are a lot of ways once you hit a certain threshold to avoid taxes or pay less. The middle and lower middle classes are actually paying the most. Total reform with the police, criminal justice system, and taxes are desperately needed.