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After asking various tax experts about the major real estate tax loopholes, James Stewart of the New York Times learned about “developers in Mr. Trump’s league who pay little or no income tax despite hundreds of millions in cash flow.”
No names or specifics were given, as these tax experts help their clientele with the exact same loopholes Trump is using to avoid paying taxes.
While Trump travels around complaining about others evading taxes, he himself could be one of the biggest culprits. He recently spoke out against corporate executives, statingthey “get away with murder” by paying the very minimum on their taxes, then followed up by boasting about how little he pays on his. He then backtracked and claimed he pays “substantial” amounts each year.
With every candidate since Richard Nixon agreeing to release their tax information, more and more people are speculating about how little Donald Trump truly pays in taxes. If Trump’s claims about paying substantial amounts each year were true, his narcissism would get the best of him and his tax payments would become yet another boasting point.
Trump is always the first to announce how much money he makes; however, the second he speaks to a tax preparer, the script flips. Trump goes from making hundreds of millions of dollars a year to losing money in a matter of minutes when it comes to paying taxes and helping out the government he wants to run.
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