Although he once promised many times to release them, Trump never did and then fought viciously to keep them secret, a battle that has cost taxpayers countless millions because he has used the Justice Department as his personal attorneys for nearly all of the legal wrangling.
We now know why he fought so hard to keep them secret: he's massively in debt and more often than not paid little or no income taxes at all.
Indeed, the year he was elected President and then the first year he was in office, he paid $750 each year in taxes. And, in eleven of the last eighteen years, he has paid no taxes at all.
Per the Times article: "his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million."
"The tax returns that ... Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the IRS portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president."
Bottom line: There is a good chance you've paid more in income tax than Trump in many recent years. I know I have.
Accompanying the Times piece is a second article that's just as revealing, if not more so (link here). That's titled "18 Revelations From a Trove of Trump Tax Records." Don't miss that. And, the Times's editorial staff is saying more tax revelations will be reported in the very near future. So definitely stay tuned.
Let's throw this fraud out into the street. It's time to register to vote if you haven't done so already. Registration closes in some states next week. Click here to register or to check your status if you're already registered.
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