Former returns show Trump paid no taxes

Posted by | May 20, 2016 15:18 | Filed under: News Behaving Badly Politics

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He brags about making loads of money, but shows negative income for tax purposes.

…a new Washington Post article entitled “Trump’s income tax returns once became public [shows] he didn’t pay a cent.” The article surfaces a 1981 New Jersey Casino Control Commission report that includes tax information that Trump submitted as part of his application for a gaming license, and contains a tantalizing hint at what might be in Trump’s more recent returns:

State records show that Trump claimed that his combined income in 1978 and 1979 was negative $3.8 million, allowing him to pay no taxes. A few years earlier, he had told the New York Times he was worth more than $200 million.

Tax analysts say it is possible that Trump pays very low income taxes, or no taxes at all, using tactics available to wealthy investors and developers, such as depreciating the value of real estate.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

3 responses to Former returns show Trump paid no taxes

  1. Greta42 May 20th, 2016 at 17:39

    Of course he doesn’t pay any taxes – he belongs to the 0.01 percent who make sure the laws are passed to ensure that they never pay taxes, but always benefit from them.

    • Paulafjohnson3 May 21st, 2016 at 02:18

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  2. mistlesuede May 20th, 2016 at 18:24

    As if we didn’t know why he won’t release his returns. But, like everything else Teflon Don does, it won’t matter to any of his minions. They believe he will make them rich. Morons.

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