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A Trumpmas Story
Taxes, Staxes, Double-baxes — It’s a Clinker!
Income tax returns are the most imaginative fiction being written today — Pulitzer Prize-winning Author Herman Wouk
Donald J. Trump: “I will absolutely give my return” but . . . but . . . audit.
Come to find out he was never really audited.
He wrote off “loans” to his kids. Loans or gifts? Next time you want to give Eric a “gift” get him a toy zeppelin or some Ovaltine. Donny Jr., a bar of Lifebuoy soap will do.
It’s all the reviled IRS’s fault. They’re the Grinch.
“I paid tax”. All $0 of it in 2020. Because he lost millions. $4.8 to be precise. At least that’s what he reported. He did pay a whopping $750 in both 2016 and 2017. 2017 had 0 taxable income.
Give Trump a round of applause. A tiny violin of applause. In 2019 he paid more than half a million. In 2018 he coughed up a whopping $5.3 million. 2018 must have been a very good year.
So rich people can shelter themselves in losses. Millions of them. FUDGE!
He wasn’t audited in 2017 and 2018. The IRS guess didn’t think he needed one. He was finally “selected” in April 2019.
