HERE ARE THE FACTS THE MORON MEDIA AND THE USEFUL IDIOT IDEOLOGUES S NEVER BOTHER TO TELL YOU.
Trump Did Not Avoid Taxes, He Prepaid Them. Follow along if you have the mental acuity to understand simple Tax Accounting.. oh wait most of the morons mouthing the bullshit are "net money takers" from the Federal Government !
Here are the facts!
Contrary to the false impression in the New York Times story, Donald Trump did not avoid taxes. He prepaid them.
By the way Contrary to Dumb Democrat conception....
and belief Donald Trump does not stay up at night licking a pencil doing his own taxes on Turbo Tax! He has a battery of Accountants do it for him.
So here are the facts!
In 2016 and 2017, he requested and got an extension to file his returns.
As required, he made an estimated tax payment of $1 million in 2016 and $4.2 million in 2017.
Then, it turned out that he did not owe that much in taxes, but rather than demand the money back, he let the IRS keep it and apply it to any future tax he owed.
So when he only paid $750 in taxes for the first two years of his presidency, it was because he had already overpaid during the two previous years and just reduced his payment by that amount.
Only stupid Low IQ Idiots
Over the longer term, Trump overpaid his taxes by $72 million. Because some of that overpayment was more than two years earlier, he was not allowed to offset it against current taxes.
But Obama changed the law to allow taxpayers to go further back and he offset his tax liability in future years by citing his overpayment.
So to all you MORONS.. WHO DO NOT UNDERSTAND TAX LAW....Donald Trump did not avoid paying taxes; he prepaid them.
Many taxpayers overpay or have more withheld from their paychecks than they end up owing in taxes. They look forward to a deserved refund each year. Some even use the process as a way of saving money.
All that Trump did differently was to leave the money at the IRS and
take the refund over several years. I bet Jeff Bezos and the New York Times do not do this!
And since no good deed goes unpunished in politics, he is also being skewered for taking a charitable tax deduction of $119 million for agreeing not to build homes on a 200-acre plot in Westchester, New York, and a similar one in Los Angeles.
In each case, Trump bought the property planning to build a golf course and homes on them. Both times, the local zoning board refused to allow the development.
So Trump donated the right to develop this land to charity and took a deduction of $119 million, called a charitable easement. Do any dumb Liberals even understand what that means? I am sure not..
So now the beautiful land in each location will be preserved forever wild as a place of refuge for people, birds and animals. Did you know that? Huh ?
Beyond these points, several facts emerge:
1. Trump never used any illegal means to reduce his tax liability. He always followed the law.
Did you know
George Soros Has Refused to Pay $7 Billion in U.S. Taxes He Owes
Soros is in the arrears, and owes America BIG TIME! $7 BILLION he owes
us, thanks to the Obama policies he advocated for. Incredible:
Link
https://thepoliticalinsider.com/democrats-biggest-donor-has-refused-to-pay-7-billion-in-u-s-taxes-he-owes-whoa/
Amazon earned $5.6B in 2017, but paid no federal taxes. Hmmm!
Link
https://www.foxbusiness.com/markets/amazon-earned-5-6b-in-2017-but-paid-no-federal-taxes#:~:text=Jeff%20Bezos%E2%80%99%20sprawling%20e-commerce%20giant%20Amazon%20reportedly%20raked,company%20essentially%20paid%20%240%20in%20federal%20income%20taxes.
2. Donald Trump never used his power as president to get the IRS to pull its punches even though he appoints the director who serves at his pleasure.
3. He took advantage of every way to cut his tax burden. Do you know any taxpayer who doesn’t? See above for examples and do your own research on the Rich.
NOW IF YOU UNDERSTOOD THIS.. THEN SHARE IT.
SHOW THE MORONS THAT spouting talking points out of their ass is unhealthy for the brain and their ass which are probably located in the same orifice!
