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Trump paid more than $188,000 in taxes to China while paying next to nothing in the US

Discussion in 'U.S. Politics' started by reedak, Oct 25, 2020.

  1. reedak

    reedak Well-Known Member

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    1. President Trump's business has an active bank account in China and has paid more than $188,000 in taxes to the government in Beijing - much more than the $750 in taxes that he paid to the US treasury in both 2016 and 2017.

    Trump paid taxes to the Chinese government while he pursued licensing deals there between 2013 and 2015, according to tax records obtained by The New York Times.

    While Trump has paid into the Chinese treasury, he paid no federal income taxes in 10 of the 15 years preceding his White House run, according to records obtained by the Times.

    It is the latest in a series of Trump tax revelations published by the Times in the last month which show a series of financial losses and income from abroad that critics say could come into conflict with his responsibilities as president.

    The president’s financial disclosures indicated he earned at least $434.9million in 2018, but the tax filings reported a $47.4million loss….

    Source: https://www.dailymail.co.uk/news/article-8861925/Trump-paid-188-000-taxes-China-paying-treasury.html

    2. As quoted by Will Rogers: "The income tax has made more liars out of the American people than golf has. Even when you make a tax form out on the level, you don't know when it's through if you are a crook or a martyr."

    Hence Trump’s China tax scandal is no surprise. The New York Times revelation offers a new insight into his extreme hostility towards China. As the leader of the supposedly sole superpower, he is in an indomitable position to get back his pound of flesh from China -- his most hated taxman. Had China let him "pay next to nothing" like what he has paid to his own country, both countries could be less at odds now.

    https://www.wiseoldsayings.com/tax-quotes/

    https://en.wikipedia.org/wiki/Will_Rogers

    3. A more plausible explanation for his extreme hostility towards China is that his China tax scandal is known to the China hawks in his party. Hence, instead of sacking or impeaching him for all his scandals, they find it more useful to keep him in power and manipulate him for their anti-China policies even at the expense of tarnishing their party as the most shameless and corrupt in American history. Whenever they feel that he has not struck hard enough at China, they will enact legislations or pass laws to ensure the "wild horse" is back on the "correct track". That's their way to show the “fake news” president who the real bosses are. :)

    https://www.nytimes.com/2020/10/20/us/trump-taxes-china.html?referringSource=articleShare

    https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
     
  2. Centrehalf

    Centrehalf Well-Known Member

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    Never had to pay the AMT?
     
  3. reedak

    reedak Well-Known Member

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    My great friend, ask your cult master to release his tax returns now to show what he has paid. :)
     
  4. Centrehalf

    Centrehalf Well-Known Member

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    NYT already released them.
     
  5. invest07

    invest07 Well-Known Member

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    Reeduk...are you aware that Trump returns all his pay checks to the US Treasury?
     
  6. reedak

    reedak Well-Known Member

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    Really? Don't bluff all the clever people here. Trump still questions the validity of the NYT report. What the public want is the official release of the tax returns by Trump himself. :)
     
  7. reedak

    reedak Well-Known Member

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    Does he allow his tax returns to be released for public viewing?

    Or are you the only one who has the privilege to view his tax returns in private? :)

    Donald Trump’s attorneys are asking the Supreme Court for an emergency stay to block the release of his tax returns.

    https://deadline.com/2020/10/donald-trump-tax-returns-supreme-court-1234596762/
     
  8. invest07

    invest07 Well-Known Member

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    Reeduk...maybe we can get Dementia Joe and his delinquent son Hunter to also release their tax returns. Truthfully it probably wouldn't do any good. I'm sure the millions from the Russkie oil companies was not declared as taxable income. It is probably in an offshore hard to trace bank account. And while we are at it, lets audit Hellary's Emails. And let's audit Dementia Joe's charity which took in almost 4 million and did not give away a dime. And the Clinton's have a net worth in the hundreds of millions, all accumulated while Pres or soon afterward. That definitely needs an audit because Big Slick is a confirmed liar.
    And all the "evidence" used in the Trump impeachment was manufactured by Hellary's minions to divert attention from her Emails.
    Reeduk...do you think that manufacturing false evidence should be prosecuted?
    And I dont remember Big Slick giving any of his pay back to the Treasury.
    And I think we should audit Obama's giveaway to Iran. He said nothing about the giveaway in advance. I wonder how much of this sas siphoned off to Obama supporters.
    So Reeduk...if you are so worried about Trump's tax returns, why do you ignore the points above?
     
    Last edited: Nov 28, 2020
  9. reedak

    reedak Well-Known Member

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    1. My great friend, all your posts show that you are a typical Rip Van Winkle. Should we get your cult master's children, son-in-law and and daughter-in-law to release their tax returns too?

    https://www.esquire.com/news-politics/a25989196/donald-trump-cabinet-members-2019-list/

    2. Democratic presidential nominee Joe Biden released his income tax information on Tuesday, hours before he squared off against President Donald Trump in the first of three presidential debates, some five weeks before the crucial election.

    His wife, Jill, along with Biden's running mate, California Senator Kamala Harris also released their tax information. According to the returns, Biden paid nearly $288,000 (€245,000) in federal income taxes last year.

    Source: https://www.dw.com/en/us-joe-biden-releases-tax-returns-ahead-of-debate-with-trump/a-55098643

    https://edition.cnn.com/2019/07/10/opinions/joe-biden-tax-returns-ordinary-mccaffery/index.html

    https://www.huffpost.com/entry/senate-republicans-hunter-biden_n_5e3c61bfc5b6b70886fc4ed4

    https://www.salon.com/2020/02/07/tr...-after-refusing-to-release-trump-tax-returns/

    3. My great friend, don't try to fool all the clever people here. Before you debate with anyone here, please make sure you do your homework otherwise you would end up making a laughing stock of yourself.

    The more rubbish you spew, the more you show your skull is just like an empty vessel. I hope you are not investing for other people other than yourself, otherwise you will make them poorer than before. :)
     
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