We’re aware of the issues with our bot removing the previous thread. And yet somehow in the age of, this is now Funny Id Rather Be Dirt Track Racing Shirt, not news. CPA here, and just want to point out the semantics – tax “avoidance” is legal, tax “evasion” is not. He needs to be in jail already. When you build a house of cards, be prepared for it to cave in on you. I would not be surprised to find out that he has a negative net worth. He is so far in debt and so leveraged that it made his skin turn orange. Can someone explain this statement by the NYT to me regarding Trump’s tax returns?
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Each time, he requested an extension to file his 1040, and each time, he made the required payment to Funny Id Rather Be Dirt Track Racing Shirts the I.R.S. for income taxes he might owe $1 million for 2016 and a million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years. This makes it sound like he paid million and million of dollars in taxes in 2016 and 2017 respectively. However, the same article says that in those two years he only paid in taxes.
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