DASHY wrote:
Do you fall in the under 80 IQ category?
https://news.yahoo.com/trump-tax-returns-dispute-white-231747455.html
In another report, Trump's 2020 tax return shows an Adjusted Gross Income of $4.8 Million. Billionaire Trump paid ZERO in taxes in 2020. For a Billionaire to brag about making a contribution of $400,000 each year while he was president, (except his final year 2020 when he paid ZERO in contributions) is pretty embarrassing. I wonder if slippery Trump included his presidential salary of $400,000 as part of his AGI in 2020.
Do you fall in the under 80 IQ category? br http... (
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He didn't pay in some years because he pays alternative minimum tax. For example since 2005 he paid 70.8 million over 3 different alternative minimum tax payments. Instead of taking a refund in money, he asks the IRS to keep the overpay as a credit to use to cover his taxes in subsequent years. The exception was In 2008 due to business losses he sought a $70 million refund out of what he had previously paid which the IRS granted. What he owes in taxes on the myriad companies, many which are international and pay taxes in multiple countries, are so complex it could be easy for even expert accountants to mistake what is owed if paying in the year it is owed. Alternative minimum tax is a safer way to ensure meeting the tax requirements.
The IRS has audited him for years and has never found any tax fraud. If you know better than the IRS auditors, present the evidence to the IRS or FBI.
As for his salary donations, he donated his entire salary after taxes were taken out and added from his own money to bring the donation to the pre-taxed amount. So each quarter $22,000 were taken out in taxes but he gave $100,000. This means that if you count what he gave beyond his salary up until his last known donation in July 2020, was more than $300,000. This is greater than his salary in the last 2 quarters. But even if he had not given beyond his salary, there was no law or even tradition saying he must donate any of his salaries. Only 2 other presidents donated any of their salaries. You act like he did something felonious by possibly donating his last 2 quarters. Actually we don't know if he made donations or not in his last 2 quarters. The media is basing this claim on the fact that no agency has made a public announcement that they received such a donation. What if an agency received the donation but didn't make a public announcement?
Trump salary donations:
In 2017
Q1: $78,333 to the Department of Interior’s National Park Service (NPS) for maintenance backlog at historic battlefields. An anonymous donor sent $22,000 to bring the total to $100,000.
Q2: $100,000 to the Department of Education to host a free, two-week space camp for 30 low-income, middle school girls. Trump himself added the additionl amount to bring the total to his pretaxed amount of salary which he did for each subsequent donation.
Q3: $100,000 to the Department of Health and Human Services (HHS).
Q4: $100,000 to the Department of Transportation to support its programs to “rebuild and modernize our crumbling infrastructure.”
2018
Q1: $100,000 to the Veteran’s Administration for “caregiver support in the form of mental health and peer support programs, financial aid, education training, and research.”
Q2: $100,000 to the Small Business Administration earmarked for a seven-month training program tailored for veteran entrepreneurs.
Q3: $100,000 to the National Institutes of Health’s National Institute on Alcohol Abuse and Alcoholism.
Q4: $100,000 to the Department of Homeland Security.
2019
Q1: $100,000 to the U.S. Department of Agriculture.
Q2: $100,000 to the Department of Health and Human Services’ Office of the Surgeon General.
Q3: $100,000 to the HHS Office of the Assistant Secretary of Health. [opioid crisis]
Q4: $100,000 to HHS, Office of the Assistant Secretary of Health to “confront, contain, and combat #Coronavirus[.]”
2020
Q1: $100,000 to HHS to “develop new therapies for treating and preventing COVID-19
Q2: $100,000 to the NPS in July 2020 to help pay for repairs on national monuments damaged in riots.