SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Julius Wong9/28/2020 9:24:28 AM
  Read Replies (4) of 219713
 
$70,000 on hairstyling – Donald Trump's taxes in numbers

Martin Belam 2 hrs ago

$70,000 on hairstyling – Donald Trump's taxes in numbers

The shocking claim that Donald Trump paid only $750 in federal taxes has dominated headlines after a New York Times report into his financial affairs, but it is far from the only surprising sum exposed by the documents. Here are some of the key figures:

$750 – federal tax Trump paid in 2016, when he won the presidency.

$750 – federal tax Trump paid the following year.

Zero – federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.

$100,000 a year – by comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush

$70,000 – paid to style Trump’s hair for television, claimed as expenses.

$95,464 – the total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.

$210,000 – the amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club.

$26m – “consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump.

$434m – what Trump declared his earnings to be in the 2018 presidential public annual financial disclosure.

$47.4m in losses – what he had declared to the Inland Revenue Service (IRS) for tax purposes over the same period.

$421m – outstanding loans that Trump owes, most of which becomes due within the next four years.

$73m – revenue generated from outside the US, presenting a potential conflict of interest with US foreign policy.

$13m – earned in one licensing deal for Trump Towers in Istanbul, including $1m since he became president.

$72.9m – the tax refund Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal tax he had paid between 2005 and 2008.

$1.4m – the annual average amount of federal tax paid by Trump between 2000 and 2017. It compares with the $25m in federal income taxes the average American with similar declared earnings could expect to pay.

$100m – the amount Trump could now have to pay back to the IRS, including penalties, if it finds against him in the audit.

$315m – the sum reported “lost” by Trump’s golf courses since 2000.

“Tens of millions of dollars” – what Alan Garten, a lawyer for the Trump Organization, claims the president has paid in personal taxes since 2015.

More than 500 – the number of individual companies, many bearing the Trump name, that make up the nebulous corporate network generally referred to as the Trump Organization.

The president has denied the reports, describing them in a White House press conference on Sunday as “fake news”.

msn.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext