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How Donald Trump Gets Away With Paying Less Income Tax Than Joe Biden
Posted on 4/18/22 at 6:20 pm
Posted on 4/18/22 at 6:20 pm
Lets not compare apples with apples and just make up some stuff for an article
quote:LINK
President Joe Biden and first lady Jill Biden released their income tax returns last week. The first couple reported $610,702 in adjusted gross income and paid $150,439 in federal income tax at an effective tax rate of 24.6%.
While it’s unclear what former president Donald Trump’s income or tax bill was for 2021, we can compare Biden’s 2017 federal tax return with the data The New York Times reported on regarding Trump’s income tax payment in 2017.
Benzinga hasn’t seen Trump’s tax returns and cannot verify the facts reported on by the Times.
13
Posted on 4/18/22 at 6:21 pm to Jimmy2shoes
Was Joe paying taxes on the 10% kicked up to “the big guy” from the crackhead?
Then it is an irrelevant comparison on multiple levels.
Then it is an irrelevant comparison on multiple levels.
Posted on 4/18/22 at 6:25 pm to Jimmy2shoes
How much did Hunter and old cucks brothers Frank and Jim pay?
Did they all drop off tax payments with bags of hryvnia?
Did they all drop off tax payments with bags of hryvnia?
This post was edited on 4/18/22 at 6:27 pm
Posted on 4/18/22 at 6:25 pm to Jimmy2shoes
So let’s write an article based on pure conjecture.
Some peoples children…
Some peoples children…
Posted on 4/18/22 at 6:28 pm to teke184
How about all that to those Swiss Banks and off shore accounts. Real money there
Posted on 4/18/22 at 7:08 pm to Jimmy2shoes
Trump likely gave himself a salary under $100k. There’s a reason why tax lawyers are worth their weight. They will find whatever loophole to keep their clients from having to pay more.
Posted on 4/18/22 at 7:19 pm to 4Ghost
Actually, tax laws are incredibly favorable to real estate corporations and professional investors. All of your assets are tied up in a series of corporate entities. You effectively own nothing but hold all the power.
You can then pass expenses through the business, all that is spent on pre tax dollars. Real estate also lowers your tax burden further through depreciation.
You can then pass expenses through the business, all that is spent on pre tax dollars. Real estate also lowers your tax burden further through depreciation.
Posted on 4/18/22 at 7:34 pm to Jimmy2shoes
I believe I saw on TD where Biden's s Corp or whatever made 13 million. So what will he pay on that?
Posted on 4/18/22 at 7:42 pm to teke184
quote:
Was Joe paying taxes on the 10% kicked up to “the big guy” from the crackhead?
Then it is an irrelevant comparison on multiple levels.
This^^^ is the likely where Whispering Joe is making out like a mafia kingpin…..dude was taking in millions of laundered Biden Crime Syndicate money for decades.
Posted on 4/18/22 at 8:01 pm to Jimmy2shoes
Probably because Trump is a lot smarter than Biden.
Posted on 4/18/22 at 9:07 pm to Jimmy2shoes
This is their attempt to cover for the fact that the Bidens paid less in taxes in 2021 than they did in 2020, despite making more money.
Posted on 4/18/22 at 9:10 pm to Jimmy2shoes
Wait.
I thought Don was actually poor, mismanaged all of his investments, and was a terrible businessman. Guys that lose money don't pay taxes.
Wasn't that the narrative in 2016?
I thought Don was actually poor, mismanaged all of his investments, and was a terrible businessman. Guys that lose money don't pay taxes.
Wasn't that the narrative in 2016?
Posted on 4/18/22 at 9:13 pm to Jimmy2shoes
Tax return stories always make me chuckle and also illustrate fundamental differences in world view.
Every cent I pay in taxes makes me angry. I would have my tax rate at zero if possible and expect everyone else would too. I see nothing noble about paying more of my hard earned income to fuel governmental waste. As such I would expect even billionaires to do the same.
The only people I get frustrated at when someone earning exponentially more paying less in income taxes are my cpa and the lawmakers (dems have been in power more during my lifetime by the way) who created the loopholes I can’t use.
Every cent I pay in taxes makes me angry. I would have my tax rate at zero if possible and expect everyone else would too. I see nothing noble about paying more of my hard earned income to fuel governmental waste. As such I would expect even billionaires to do the same.
The only people I get frustrated at when someone earning exponentially more paying less in income taxes are my cpa and the lawmakers (dems have been in power more during my lifetime by the way) who created the loopholes I can’t use.
Posted on 4/18/22 at 9:18 pm to Jimmy2shoes
Donald Trump pays more property tax, payroll tax, inventory tax, in one year then joe Biden would pay in three lifetimes
Posted on 4/18/22 at 9:39 pm to Jimmy2shoes
Trump = private sector
Biden = public sector
It cracks me up when ppl brag about government employees paying tax.
Biden = public sector
It cracks me up when ppl brag about government employees paying tax.
Posted on 4/18/22 at 9:59 pm to The Hurricane
quote:
They will find whatever loophole to keep their clients from having to pay more.
I hate the "loopholes" talk BS. There are no loopholes in the tax code. There are, however, codes specifically written for reducing tax burden for those that can afford to do it. Every career politician talking about tax loopholes has had plenty of opportunities to change the code. It is just a talking point to rile up the uninformed masses.
Posted on 4/18/22 at 10:45 pm to Jimmy2shoes
Biden and his wife are hard-core catholics. They don't believe in altruism, tithes and the concept of life at conception. But they do believe in the NWO.
Salute!
Salute!
Posted on 4/18/22 at 11:22 pm to Jimmy2shoes
Trump donated his entire presidential salary to various federal agencies.
Posted on 4/18/22 at 11:27 pm to Adam Banks
quote:So no government or military at all for you, huh? Nah.
Every cent I pay in taxes makes me angry. I would have my tax rate at zero if possible and expect everyone else would too.
Posted on 4/19/22 at 12:01 am to GumboPot
quote:
Trump donated his entire presidential salary to various federal agencies.
so? he still cheats on his taxes
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