The tax returns show that Trump paid more income taxes to foreign governments than to the United States.
So, what turns up in these six years of tax returns? Well, he filed 65 of Schedule Cs. Twenty-six of them had zero revenue and hundreds of thousands of dollars in expenses. There were a handful of others where the income and the expenses, exactly to the dollar, equaled out, which is impossible to believe is anything but manipulation.
And Trump has always done this. I mean, I’ve known Donald now for almost 35 years, and he’s always thumbing his nose at the law when he gets caught, as he has repeatedly in various civil and regulatory actions and some court cases, like where he cheated illegal immigrants, as he called them, who were brought into the country to work for him. He always somehow says, “Oh, no, this is a great victory for me. You don’t know what you’re talking about. It’s too complicated.” Nonsense.
A lot of that was accomplished through laws that — a law that Donald Trump lobbied for in 1992 that allows real estate people, people who are big real estate investors — not mom-and-pop “I own one rental unit” people, but big real estate investors — to live pretty much tax-free, if their only income is from real estate and the rest of their income is modest.
Donald — I’ve been told by a number of retired IRS agents who have reached out to me that they’ve gone over the returns, and their fundamental conclusion — and these are people who don’t know each other; they know me — they all said the same thing: A lot of the numbers on the tax returns appear to be just made up.
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