I don’t know if I’m wicked but I do know that I get no rest. I was minding my own business coming back from a farewell luncheon with a friend in Sherman Oaks when I got a text from Murfster: “I just saw a rocket ship to Mars. The New York Times got hold of 20 years of Trump’s tax returns. I’m posting highlights.” I wrote back, “Jesus Christ, I hope WWIII doesn’t break out Tuesday morning when I’m driving to Las Vegas.” Moral of the story, don’t leave the internet unattended these days for more than a few hours — at least not during waking hours on this continent.

You’ve probably got the broad brushstrokes by now, that Donald Trump paid $750.00 in federal income taxes in 2016 and 2017, and nothing in the period ten years prior. That’s really something. When I became disabled about eight years ago, the IRS was hot on my tail to know why I hadn’t filed a return for 2012. I explained that I became disabled in fall of 2011 and would file something late. And I’m no billionaire.

Plus, you remember Trump talking about his tax returns perpetually being under “audit?” I would like to see the step by step reports on any of those audits. I would like to have a bottle of opioids when I see them, because I have a feeling they stagger all credulity. Having worked in Hollywood, I am familiar with creative accounting. This is beyond creativity, this is science fiction. I put it to you friends, how can you be a “billionaire” and pay less taxes than a laundromat attendant in Flasher, North Dakota?

Here’s a Trump tweet that didn’t age well atall atall.

Only 20% on $790K. Trump, we are given to believe, makes billions but he only pays bubble gum money in taxes. Plus, his deductions are really something. $72,000 for his hair?

A banner headline at Drudge does not do Trump’s cause any good, that is for damn sure.

You’d drag your ass away from the podium and skulk out of the room, too, if this was your financial picture. Daily Beast:

The Times said it would not reveal the sources of its information for fear of identifying them. But the paper also claimed that follow-up stories were coming. And it’s clear, from the first piece, that reporters there have copious amounts of primary documentation.

The tax data the paper obtained portrays Trump as financially pressed by loans and a tax dispute—a far cry from the model of a successful businessman that he has sold the public.

Trump is personally liable for over $300 million in debts that have to be paid off over the next four years, according to the report, including a $100 million one on Trump Tower in New York City. Trump is also embroiled in a tax refund fight with the IRS that could force him to pay more than $100 million, owing to the possibility that he may have inflated the losses he claimed using a tax provision passed by his predecessor, Barack Obama, in 2009.

And these are just his tax issues. Don’t forget the folks in Southern District of New York law enforcement and their litigation.

 

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Leave a Reply

29 Comments on "Too Bad the IRS Isn’t A Porn Star, They’d Have Gotten Their Money"

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Cherl Harrell
Guest

The chickens are coming home to roost and just in time for him to be out of office and available. Nice!

Bareshark
Guest

He needed softening up first. Thankfully, he did a lot of that softening up to himself.

Lil Blue Sock
Member

Trump’s only hope now is to resign after losing the election so incoming president, Mike “The Talking Penis” Pence can pardon him.

Figures don’t lie.

Bareshark
Guest

And for state cases, it still won’t take.

Tin woman1
Guest

I like it.

Elizabeth
Guest

So the Trump tower is to be renamed the Chump Tower.

old grey dude
Guest

looks like some one could buy it and name it Obama tower, that would cause a stroke I suspect.

Bareshark
Guest

Just for further perspective, I paid a little over that amount on my own taxes last year and I haven’t cracked the poverty line in the last ten years.

p j evans
Member

I paid $719 to the feds in 2016, on less than $11K of income. Since then medical costs have taken care of most of that. (But I was paying plenty when I was working.)

Bareshark
Guest

Same, P J, back when I had mainstream jobs. No medical costs as yet, though a diploma mill suck me with a student loan bill I’m currently relying on IDR to keep me afloat.

Senovio Rodriguez
Guest
The one time I had a decent warehouse job with insurance even after Wall Street did almost their best to destroy the global economy… I paid. I got a refund but I paid some taxes (over $1000). One of the supervisors at the place thought I was a “fool” for paying. No, I didn’t nickle and dime the USA. Somebody has to pay for things that the common good uses. Even after explaining/arguing, this bidness guy thought I was still an idiot. Note: this medical supplies company… actually bragged of getting a golf guy (his only qualifications that he actually… Read more »
Bareshark
Guest

Yeah, Senovio, I’ve never been one of those loons who resented paying his taxes either. This was especially true in the last few years, when Uncle proved to be a better provider for my needs than the state of TN was. While, yes, some of that money gets wasted, a lot of it also goes to the common good. And EFF the tax cheats!

p j evans
Member

I paid a lot more when I was working – it was usually at least 20% of my AGI.

Joseph
Guest

Well, last year I paid just over $6100 in taxes to the Federal government (the total amount withheld from my paychecks was a little under $6400 so I got a tax refund of more than $250).
Considering my “taxable” income was over $46,000, that means that my tax rate was over 13%.

p j evans
Member

He might be left with “only” $30 mil. I wonder how much he owes Melania in the prenup?

Bareshark
Guest

All of it, if I had to guess.

Denis Elliott
Member
I’m thinking she can kiss that pre-nup money goodbye. Oh, she can and probably will file for divorce as soon as Biden is declared President Elect but she knows how petty and vindictive her hubby is and that he will drag things out as long as possible. If he knows he’s going down and that he’s going to be bankrupt as in the sense regular person bankrupt, or worse a new administration turns SDNY loose and they RICO his ass there will be nothing with which to pay “Melanie” her fee. She had chances to cash out over the years… Read more »
Bareshark
Guest

For Melania, no, no pity at all. For Barron, yeah, sympathy is warranted. This kid had no choices in terms of what he was born into. And soon, he will no chance in terms of escaping it.

Denis Elliott
Member
He might still have a chance. Tiffany’s mom did all she could to keep her (Tiffany) at arm’s length from the Trumps. For a while, it seemed that despite the odd appearance here and there at some family function/event Tiffany was in fact keeping her distance and setting herself up for an independent life. She had her own circle of friends and got herself a great education including a law degree from a quite prestigious school well connected to DC White Collar law circles – and could easily have gotten herself jumped over the drones hired fresh out of law… Read more »
Bareshark
Guest

Quite compassionate of you, Denis. Near as I can tell, Mary Trump is about the only one of Barron’s relatives who might give the kid a fighting chance.

Denis Elliott
Member
The kid is damaged to be sure. How much so depends on the daily caregivers who have been raising him and how much exposure he’s had to his father. Given her educational and professional credentials I agree with you that Mary might be able to give him a fighting chance. And I believe that even if behind prison bars Trump (and his wife too) would fight tooth and nail to keep her from becoming the kid’s guardian. Alas, as Tiffany has shown even with a mom who tried hard and with some success to limit her exposure to Trumplandia its… Read more »
Shockwave
Member

This story is going viral. The NYT exploded a journalistic nuke on Trump.

Bareshark
Guest

Please don’t tell me you’re surprised. Mr. Tangerine Man is a proven screw-up at cover-ups. This getting out was inevitable.

mae
Member

Oh man, boo hoo Trump. So , so sad.

Bareshark
Guest

The sorrow has just begun.

old grey dude
Guest

my tiny violin

p j evans
Member

He’s a crap businessman when it comes to his official business – but his real business has been money-laundering, and he’s done much better at that.

Jessica
Guest

𝙬𝙬𝙬.𝘿𝙧𝙬𝙤𝙧𝙠2.𝘾𝙤𝙢

Scott Jackson
Guest

Hard to pay off anyone when ur bag man is in custody.