Monday, September 28, 2020

New York Times asserts that Donald Trump paid zero taxes for many years. But won’t release the information

So the New York Times asserts that Donald Trump paid zero taxes for many years.

If, with worldwide real-estate holdings and branded properties, the president's company can't generate paper losses for tax purposes, his message to his entire legal and accounting team should be, in true "Apprentice" style, "You're fired."

Other than the questionable tax refund, the Times appears to be alleging that, in addition to running his business badly, The Donald has apparently found legal, if potentially questionable, ways to capitalize on the law.

As this commentator has noted previously in responding to annual expressions of indignation that some big-name corporation paid zero taxes, the true scandal is that Congress has apparently made it more profitable for Mr. Trump to invest in generating losses than in productive businesses.

If Congress wanted money-losing businesses - whether truly or artificially - to pay taxes, it shouldn't be taxing income.

On top of taxing people for working, we're taxing companies for hiring them?

The truth is that by hook or by crook, and who cares which, Mr. Trump may have arrived at the correct level of income taxation for corporations and individuals alike: zero.

https://issuesinsights.com/2020/09/28/donald-trump-paid-zero-taxes-good-for-him/ 

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