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About those Trump tax returns... Trump's returns show no wrongdoing based on the U.S. Tax Code
American Thinker ^ | 12/31/2022 | Jack Hellner

Posted on 12/31/2022 10:25:47 AM PST by SeekAndFind

The media has been seeking to destroy President Trump since he began running for office. They spread the known lie about Russian collusion for years. They lied about what he said in Charlottesville and now they lie about his taxes.

Here's their latest ball of wax:

Trump's charitable giving dropped to $0 by the time he left office, returns show

Which is fake news.

Either they don't understand the tax code and the nature of tax returns at all, or they are intentionally lying.

If they don't understand taxes they should shut up instead of spouting lies and ignorance.  

I am an accountant whose work focuses on taxes, and can tell you the tax code allows losses to be deducted, which is what has allowed Jeff Bezos's Amazon to pay zero in taxes, as well as many other players. Don't like it, rewrite the tax code.

The losses many times are generated by depreciation because businesses often buy depreciable stuff.

Thank goodness businesses buy depreciable things because that allows other businesses to thrive and jobs to be created as they make and sell new thing.

When they buy these things they pay massive amounts of sales taxes. Of course, government entities do not pay sales taxes because they are special.

When a personal tax return shows an adjusted gross income less than zero there are no itemized deductions. Therefore, no charitable deductions are shown.

The media knows that Trump donated his presidential salary every year, so why would they put out headlines that show he donated zero in 2020?

The answer is the truth hasn't mattered for a long time, only power for leftists and the intent is to destroy Trump in the minds of the public. It is an intentional effort to interfere in elections.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: taxcode; trump; trumptaxreturns
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1 posted on 12/31/2022 10:25:47 AM PST by SeekAndFind
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To: SeekAndFind

Meanwhile, the media continues to show zero interest in Biden’s massive corruption nor the corruption of swamp creatures throughout the government who collude with the media to interfere in elections.

Why is there no interest in examining the Biden family taxes to see where, or if, the kickbacks were reported?


2 posted on 12/31/2022 10:26:11 AM PST by SeekAndFind
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To: SeekAndFind

It’s a sad sick joke. Gyorgy Schwartz is the one who needs to be investigated.


3 posted on 12/31/2022 10:26:28 AM PST by No name given (Anonymous is who you’ll know me as. )
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To: SeekAndFind

Democrats are just gonna make up accusations anyway.


4 posted on 12/31/2022 10:27:11 AM PST by Rurudyne (Standup Philosopher)
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To: SeekAndFind

Trump spelled it out quite awhile ago when he said he pays the minimum tax possible by following the laws congress wrote.


5 posted on 12/31/2022 10:28:10 AM PST by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: SeekAndFind

Didn’t Trump say in one of the debates with Hilary that he knew about unfair policies, because he took advantage of them?


6 posted on 12/31/2022 10:30:59 AM PST by nickcarraway
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To: SeekAndFind

MSM is still spinning the lie...

Trump tax returns show former president was subject to $10,000 SALT cap — but experts say he may have sidestepped the limit

https://www.msn.com/en-us/money/markets/trump-tax-returns-show-former-president-was-subject-to-10-000-salt-cap-but-experts-say-he-may-have-sidestepped-the-limit/ar-AA15Pe0X?ocid=msedgntp&cvid=a6f311ce747349fabe3c04230413bf4e


7 posted on 12/31/2022 10:31:13 AM PST by stars & stripes forever ( Blessed is the nation whose GOD is the LORD. ~ Psalm 33:12)
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To: SeekAndFind

Did Biden list all of his income while he was VP? Not only his govt. salary but any other income he received, no matter the source?

Now that there is precedent for obtaining a President’s tax records, I think that the GOP Congress should request Biden’s tax records.


8 posted on 12/31/2022 10:31:27 AM PST by Signalman
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To: SeekAndFind

It wasn’t about taxes.

It was about finding out who Trump does business with so they can be harassed.


9 posted on 12/31/2022 10:35:31 AM PST by E. Pluribus Unum (The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████.)
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To: Signalman

Well, candidate Trump’s taxes of 6 years are now public info

So we can demand that any and all potus candidates for 2024 do the same


10 posted on 12/31/2022 10:35:45 AM PST by silverleaf (“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
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To: SeekAndFind

The filthy news media tells the public that Trump paid no taxes despite being rich etc etc. Not a word about biden’s criminal corruption.


11 posted on 12/31/2022 10:37:01 AM PST by I want the USA back (News media not worth camel spit. My pronouns: Haha, heehee, hoho. )
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To: SeekAndFind

Idiot Demonrats have now opened the same door against them. Release Pelosi’s tab returns!! The injun princess! Mitch the Red Chinese bitch’s!


12 posted on 12/31/2022 10:40:02 AM PST by WKUHilltopper
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To: SeekAndFind
About those Trump tax returns... Trump's returns show no wrongdoing based on the U.S. Tax Code

Surprise, to nobody but libs

13 posted on 12/31/2022 10:43:54 AM PST by tlozo (Better to Die on Your Feet than Live on Your Knees )
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To: SeekAndFind

the American people demand to see our congress peoples tax returns


14 posted on 12/31/2022 10:48:40 AM PST by ronnie raygun
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To: ronnie raygun

Everyone made such a big deal, maybe we need a law saying federal office holders must disclose their tax info upon filing to run for office, eh?


15 posted on 12/31/2022 10:53:54 AM PST by Delta 21 (MAGA Republican is my pronoun.)
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To: SeekAndFind

Okay, now let’s see BIDEN’S returns!


16 posted on 12/31/2022 10:57:55 AM PST by joethedrummer (We can't vote our way out of this, folks..)
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To: SeekAndFind

That is why no media are covering them


17 posted on 12/31/2022 11:01:06 AM PST by Nifster (OI see puppy dogs in the clouds )
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To: SeekAndFind

Most perfect tax returns ever....


18 posted on 12/31/2022 11:02:26 AM PST by Paladin2
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To: Rurudyne
If they can't misread his tax returns in a way to imply illegality, they will just go to Plan B and accuse him of being a bad businessman for not making billions while in office.

After all, isn't that what Pelosi, Maxine, etc. were able to do?

19 posted on 12/31/2022 11:03:10 AM PST by who_would_fardels_bear (What is left around which to circle the wagons?)
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To: joethedrummer

Particularly that money for the big guy


20 posted on 12/31/2022 11:03:46 AM PST by Nifster (OI see puppy dogs in the clouds )
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