The New York Times has obtained Trump’s taxes (2nd article now posted)

[platocplx]

Summary of finding OP. Ivalice

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Among the key findings of The Times's investigation:

• Mr. Trump paid no federal income taxes in 11 of 18 years that The Times examined. In 2017, after he became president, his tax bill was only $750.
• He has reduced his tax bill with questionable measures, including a $72.9 million tax refund that is the subject of an audit by the Internal Revenue Service.
• Many of his signature businesses, including his golf courses, report losing large amounts of money — losses that have helped him to lower his taxes.
• The financial pressure on him is increasing as hundreds of millions of dollars in loans he personally guaranteed are soon coming due.
• Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television.
• Ivanka Trump, while working as an employee of the Trump Organization, appears to have received "consulting fees" that also helped reduce the family's tax bill.
• As president, he has received more money from foreign sources and U.S. interest groups than previously known. The records do not reveal any previously unreported connections to Russis

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18 Revelations From a Trove of Trump Tax Records (Published 2020)

Times reporters have obtained decades of tax information the president has hidden from public view. Here are some of the key findings.

www.nytimes.com

 

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Part 2 posted

Tax Records Reveal How Fame Gave Trump a $427 Million Lifeline (Published 2020)

“The Apprentice” rescued Donald J. Trump, bringing him new sources of cash and a myth that would propel him to the White House.

www.nytimes.com

 

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