newkidontheblock wrote: ↑Mon Sep 28, 2020 10:34 pm It’s the tax code. Written and passed by Congress and approved by the President.

Dodgy is always in the eyes of the beholder.

Simple example.

The US wants to push green technology. Offers huge tax credits and breaks for companies to buy this stuff. Corporations invest in green technology and subsequently pay zero tax or get a refund. Yet the same companies are called dodgy and worse for following the law.

The dodgy part is those that write the code. And those that educate the public on the tax code.

But by all means continue with the sound bites.

It’s my opinion that as the public becomes less and less educated, the more emotion and sound bites will resonate.

$750

Federal tax Trump paid in 2016, when he won the presidency.

$750

Federal tax Trump paid the following year.

Zero

Federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.

$100,000 a year

By comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush
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$70,000

Paid to style Trump’s hair for television, claimed as expenses.

$95,464

The total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.

$210,000

The amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club.

$26m

“Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump.

$434m

What Trump declared his earnings to be in the 2018 presidential public annual financial disclosure.

$47.4m in losses

What he had declared to the Internal Revenue Service (IRS) for tax purposes over the same period.

$421m

Outstanding loans that Trump owes, most of which becomes due within the next four years.

$73m

Revenue generated from outside the US, presenting a potential conflict of interest with US foreign policy.

$13m

Earned in one licensing deal for Trump Towers in Istanbul, including $1m since he became president.

$72.9m

The tax refund Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal tax he had paid between 2005 and 2008.

$1.4m

The annual average amount of federal tax paid by Trump between 2000 and 2017. It compares with the $25m in federal income taxes the average American with similar declared earnings could expect to pay.

$100m

The amount Trump could now have to pay back to the IRS, including penalties, if it finds against him in the audit.

$315m

The sum reported “lost” by Trump’s golf courses since 2000.

‘Tens of millions of dollars’

What Alan Garten, a lawyer for the Trump Organization, claims the president has paid in personal taxes since 2015.

More than 500

The number of individual companies, many bearing the Trump name, that make up the nebulous corporate network generally referred to as the Trump Organization.

TheImplication wrote: ↑Tue Sep 29, 2020 7:54 am Not to mention Obama donated his entire presidential salary each year as well, oh wait, that was Trump.