There is an excellent article in yesterday's NY Times on this Republican Party President Donald Trump and his taxes. Following is just a bit of the article.
The President's Taxes.
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.
Emoluments Clause of our Constitution, anyone?
Then check this out.
Confidential records show that starting in 2010 he claimed, and received, an income tax refund totaling $72.9 million. The president’s estranged personal lawyer, Mr. Cohen, recalled Mr. Trump’s showing him a huge check from the U.S. Treasury some years earlier and musing "that he could not believe how stupid the government was for giving someone like him that much money back."
However much money you and I made, we paid more taxes, much more, than this Republican Party President Donald J "Mr. Patriot" Trump.
Oh, yeah. It's time.
86 45
Absolutely.
BYEDON
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