Skip to content

Donald Trump’s Lax Taxes

October 13, 2020

Donald Trump’s tax information has been leaking at a glacial pace for years now. One thing is clear, however – his tax attorneys and accountants make Jackson-Hewitt and H & R Block look like rank amateurs. The man sounds like the most brilliant businessman in the history of mankind when boasting about the vast fortune he has amassed through his corporate schemes over the years building upon a paltry inheritance he received from his father. At the same time, he is telling the IRS and other tax collecting agencies at state and local levels that his holdings have left him virtually penniless and unable to pay even as much in federal income taxes as an average middleclass wage earner, let alone the real estate mogul who made hundreds of millions of dollars from a TV reality show.

Whereas Presidential candidates for decades have been releasing their tax documents to intense public scrutiny as a signal that they are being upfront and honest in their dealings and not subject to potential blackmail or extortion by creditors leading to possible abuse of the powers granted them in their lofty office, Trump issued a flimsy excuse of “my taxes are being audited and I can’t release the documents until the audit is complete.” This excuse was exposed almost immediately for what it was – one of the many lies that comprise the house of cards that Donald Trump has fabricated in order to remain a step or two ahead of both his creditors and legal authorities hoping against hope  to uncover the truth behind his business empire.

There is no such prohibition against releasing tax documents while an audit is in process. Trump took advantage of the fact that there is no law requiring Presidential candidates to divulge that information either. This systemic shortcoming will hopefully be rectified in the not-too-distant future similarly to the manner in which term limits were instituted for the office after FDR successfully ran and won four successive terms in the 1930’s and 1940’s. Trump has notoriously undervalued his assets and overvalued then to suit his needs, whether to avoid taxes or get loans from bankers to expand his commercial empire.

Our current President has conned his way all the way into the White House and is pulling no punches in his effort to remain there for at least another four years. He has flouted the Constitution to the extent that earned him the honor of being only the 3rd person in American history to be impeached. He remains there still because he was saved from removal through that process by a GOP majority in the US Senate that held a sorry excuse of a trial on the Articles of Impeachment in which no witnesses were heard and the charges summarily dismissed. In the wake of that, he has not skipped a beat in merrily going about his business with little regard for the concept of being under any obligation to subject himself to any legal constraints whatsoever.

In the meantime, historically speaking, a case can be made that Donald Trump’s business dealings and tax avoidance have often been questionable legally and perhaps would be grounds for authorities to file legal criminal charges against against him and his accomplices. That may yet happen after he leaves office. Several of his businesses have undergone bankruptcy. Others have been closed down due to fraud. He goes to great lengths to sign people to non-disclosure agreements and/or waivers to absolve him from legal culpability or keep his misbehavior a secret. He bought silence from at least two women prior to the 2016 election to keep his morally questionable behavior from damaging his prospects. It worked. He now lives at 1600 Pennsylvania Avenue, Washington, DC.

The grand total of $750 he paid in federal income taxes in the years of 2016 and 2017 apparently entitled him to the top-notch medical treatment he received to deal with the Covid-19 infection he went out of his way to contract recently. The sort of treatment denied nearly all of his fellow American citizens. He has been going out of his way to use his influence to positively impact the financial balance sheets of as many of his properties and businesses as he can get away with regardless of the conflicts of interest such behavior exposes.

Donald Trump is undoubtedly the most corrupt President this country has ever had. Even Nixon knew when he was crossing lines unbecoming the holder of the office. It took awhile, but he eventually resigned when he realized he had been caught with his hand in the cookie jar. Enough is enough. Trump’s mishandling the pandemic, his attempts at rigging the November election to retain the powers he has been abusing ever since he falsely swore his oath of office back in January of 2017 and his constant divisive rants against what most of us value as human beings needs to end and be replaced by an administration that works with and for all of us, rather than for the benefit of an overaged schoolyard bully seeking nothing more that the aggrandizement of himself, his own family and his oligarchic peers.

Three weeks from today is the official day of our national election. Millions of Americans have already voted, either in person or by mail. Millions more will do so between now and then. American voters will hopefully make their voices heard in record numbers before the polls close on November 3rd – resoundingly renouncing the antics of Donald Trump and those member of Congress who have gone out of their way to encourage his outrageous behavior. Make his reign a bad memory of a time never to be repeated. For the misery and needless deaths of hundreds of thousands of Americans and the inhumane treatment of untold others punished by his inhumane policies, say for once and for all, “Donald Trump – You’re Fired!”

Suggest Further Reading:

Trump paid just $750 in federal income taxes in 2016 — and nothing in 10 of the last 15 years: NYT bombshell

New York Times: Trump paid no income taxes in 10 out of 15 years beginning in 2000

Opinion  – The President’s Taxes

Want to see just how tiny Trump’s $750 tax payment really is? Watch this video.

President Is a ‘Walking Scam,’ Says AOC as Records Show Trump Paid Just $750 in Federal Income Taxes in Both 2016 and 2017

Congress’s Best Professors Teamed Up for a Free Lesson On Trump’s (Allegedly) Crime Taxes

Analysis Shows Trump’s Covid-19 Treatment Would Cost Regular Folks $100K

Trump’s Tax Returns Reflect Undue Privileges Given to Real Estate in Tax Code

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: