How to Make Sure Trump and People Like Him Pay Taxes
President Donald Trump has made the case for sweeping tax reform.
A bombshell New York Times investigation of nearly two decades of his tax returns showed that he paid zero federal income taxes in 10 of the years from 2000 to 2015, and just $750 in both 2016, the year of his first presidential campaign, and 2017, the first year he spent in the White House. Millions of Americans counted among the working poor, including some with earnings putting them just above the poverty line, paid more in annual federal income taxes.
Some of what Trump and his did not post the returns themselves, just descriptions of their contents.) The Manhattan district attorney, locked in a protracted battle with the president, has indicated that he plans to investigate him ; Michael Cohen, Trump’s former personal lawyer, described what seemed like in his testimony to Congress last year. But much of what Trump did seems to have been aboveboard, even common among family businesses. Using aggressive asset-depreciation schedules, carrying forward losses: This kind of malarkey, as Joe Biden might say, is written into the code.
