Business-genius Trump declared negative income in:
2015
2016
2017
2020

Trump paid a total of $1,500 in income taxes in 2016 and 2017

And in 2020, Trump claimed a refund of $5.47 million

The IRS declined to perform its mandatory audit on sitting presidents for Trump in 2017, 2018 and 2019

So we literally paid Trump to incite a riot and attempt a coup. How’s that feel?

2015: negative income $31.7 million, taxable income $0.
Paid $641,931 tax
2016: negative income $31.2 million, taxable income $0.
Paid $750 tax
2017: negative income $12.8 million, taxable income $0. Paid $750 taxes
2018: positive income $24.4 million, taxable income $22.9 million.
Paid $999,466 tax
2019: positive income $4.44 million, taxable income $2.97 million.
Paid $133,445 tax
2020: negative income $4.69 million, taxable income $0. Paid $0 tax.
Claimed a refund of $5.47 million
@flexghost Unreal. And how ironic that he has supporters in rural areas of the country who think that he can relate to them.

@GrumpyBun there’s a word for people like them

Several

@flexghost I feel like such a fucking idiot reading this. I gotta have a talk with my accountant

@flexghost This is how the rich keep their income...

Stash the money in off-shore accounts (hello Russia, Saudi Arabia), claim financial losses, so you don't pay one cent in taxes!

What a rigged system and complete 🐂💩!

#TrumpTaxes
#TaxFraud
#IndictTrumpNow

@Turntwo363 and low interest loans from organizations “too big to fail”
@flexghost In his best year he made about $11.4m in interest and dividends. That indicates investment assets of a lot less than one billion, never mind his claims of many billions. His real estate ran negative every year before application of personal deductions though that probably where depreciation lives since it's not showing anywhere else. Among major NYC property owners and developers he doesn't count as a property owner or developer.
@flexghost my taxes have not been this beneficial in my entire life…and I’m pretty good with my taxes.

@flexghost So if my math is correct for 5 years, the stable business genius supposedly lost a total of $51.55 million (positive income - negative income), and his net government welfare income (refunds - payments) was $3.7 million.

Of course it's just accounting gimmicks. Ethically vile, but technically legal.

But this is the same klan that tried to annihilate the constitution so we shouldn't be surprised.

@flexghost

The entire family are the REAL welfare queens. Their vast fortunes were amassed by at least two generations manipulating government contracts and suing for grants when they didn't qualify. Then they turn around and get tax REFUNDS worth more than a lifetime's wages for most people.

Plus it's much easier to get rich when you don't pay half your bills.

It's not clever. It's not savvy. It's sleazy, narcissistic fascism.

'Murka.

@LibertyForward1 great reference! They love pointing fingers but every accusation is a confession
@LibertyForward1 literally said to rip it up. Yep!
@flexghost
At which point does it all becomes tax fraud ?
@flexghost Don't feel great, especially given the fact that he only pays 4-5% tax on his multi-million-dollar income...
@hu_logic what rate did you pay? Slightly more? Was it more than slightly more? I bet it was

@flexghost Trump pays less than the square root of my effective tax rate...

On a scale from 0 to fucked up, it's pretty fucked up.

@flexghost Trump paid no income taxes for several years....because according to his lying a*s: He's smart... It's good to know that the rest of us pay taxes to fund important services in the US... And then there are people like Donald Doofus...who prefer to eat themselves silly...
@customer228 and the Qdolts will all think it’s genius and not criminality
@flexghost Woot! Woot! "Ah, Ain't that America!"

@flexghost

Thanks for the breakdown... I really appreciate it. And it's bookmarked.

So the $400k a year presidential salary he claims he didn't take, was also out of our pockets.

Madoff this motherfucker!

@MDfromNY bookmarking this is cruise control for high blood pressure

@flexghost

Ain't that the truth! Lol...

@flexghost it feels bad. I hate it. So much so I left the country and repatriated my birth country. Tired of the racism, tired of the homophobia and theism, tired of passively supporting the imperialism of the US. Will still vote for progress from afar, but I’m tired of the struggle over there. It’s good watching trump get buried by his own actions and inactions.
@gobomoki I’m sad we lost a good one. I had friends move back to the UK, mid east etc and I totally get it. I’m in the middle of applying for another citizenship myself
@flexghost an important component of leaving is that I won’t stop voting. At least for president. Not sure if I can vote for anything else. That said, I came from a liberal haven so the locals aren’t missing out on the vote too much, as much as state vote is lacking.
@gobomoki vote twice. Like a republican.
@flexghost lol….I’m an immigrant so I hope some republican reads this and chafes thinking it’s real. I’ll vote twice from overseas ;)
@flexghost @enoch Someone in the IRS has a lot of explaining to do…
@lzyontz @flexghost @enoch yeah what is up with that? Should we infer that Trump pressured them not to audit him?
@flexghost they "lose" money per year on purpose to avoid taxes. Meanwhile the properties they own are going up in value massively. Typical rich people shit.
@flexghost Taxes are paid in the sweat of every man who labors. If those taxes are excessive, they are reflected in idle factories, in tax-sold farms, and in hordes of hungry people, tramping the streets and seeking jobs in vain. Our workers may never see a tax bill, but they pay. They pay in deductions from wages, in increased cost of what they buy, or - as now - in broad unemployment throughout the land. ~Franklin Delano Roosevelt
@FranklinDelanoRoosevelt thanks, the sphinx
Artifact Highlight: The Sphinx

By Herman Eberhardt, Supervisory Museum Curator One of the most unusual items in the Roosevelt Library’s Museum collection also happens to be one of my favorites. The object is a sculpture. O…

Forward with Roosevelt
@flexghost despite earning $400,000 per year as president of the United States, in both 2017 and 2020, the former president reported no taxable income on his personal, joint return with wife Melania Trump. Further, in 2016, the former president reported just $978 in wages for the year, though his income mostly came (in all 6 years examined) from capital gains, taxable interest and ordinary dividends.
@flexghost Trump needs to spend a few years in to pay for his crimes.
@flexghost It would have to surprise me to make me feel anything I didn't already feel from 2015 to 2021.
@flexghost
it makes me feel like wanting a class action refund from Trump and all Trump companies, associates, families and critters
@flexghost Trump's losses included declared losses from his shell companies that exactly matched profits. These are marked dubious in the report.
@flexghost heads have to roll and prison time for those who looked the other way.
@scenario is he about to sell someone a steak?
@flexghost LOL that’s supposed to be a GIF but GIFs still don’t work.
@flexghost we paid him a lot more than that.
@flexghost It kind of makes me feel... like we should just burn it all down and start over.
@Tweetfiction they want a constitutional convention more than we do. Let’s just burn their half down?

@flexghost Christ, I feel like I’m going insane.

You’re telling me when I was a broke-as-hell wannabe filmmaker I was paying more income tax every year than Trump paid from 2015–2020?

@flexghost Feels like I want my money back.

...and for all those in his administration that drew salaries, and didn't do their effing jobs 🤬

@flexghost

Shitty. Infuriating. 😠