Posted on 05/20/2016 6:04:49 PM PDT by usafa92
Donald Trump paid no federal income taxes for at least two years in the late 1970s, according to a New Jersey government report.
Trump, who has declined to release his tax returns during the campaign season, incurred no tax liability in 1978 and 1979, New Jersey gambling regulators found, when they looked into his tax returns and personal finances in connection with the Trump Plaza Corporation's 1981 application for a casino license.
Trump claimed negative income in both those years: losses of $406,379 in 1978 and $3,443,560 in 1979. In 1975, 1976, and 1977, he claimed $76,210, $24,594, and $118,530 in income, respectively, paying $18,714, $10,832, and $42,386 in federal taxes, according to the document, the Report to the Casino Control Commission.
The regulators "did not ascertain any inconsistent or questionable matters" in Trump's returns, they wrote.
The findings were included in a report obtained by ABC News and verified by the New Jersey Casino Control Commission. Although the regulators viewed Trump's tax returns from 1975 to 1979, they did not include the actual returns in their report to the commission.
(Excerpt) Read more at abcnews.go.com ...
40 year old tax returns and nothing was wrong? Wow big story.
Yeah, imagine that....Trump couldn’t make a profit when JIMMY CARTER was President and DEMOCRATS controlled Congress! Damn, what a FREAKING SHOCK!!
I can handle the bell bottoms but the bee gees are a deal killer!
Can these clowns go back any further? How about the 1870s?.
Pathetic.
Omg 40 years ago he had 2 years of negative reportable income
I am SO voting for Bernie who was mooching off a hippie commune at that time ....
Sarc
But listening to ABBA would be unforgivable.
HAHAHA
Absolutely ;)
“Fernando”
Arrrrrgh!
In years where you record big losses, you generally don’t pay taxes. Are they suggesting that people with zero or negative income should still pay taxes? How much should they pay?
People who want to see Trump’s taxes wouldn’t vote for him under any circumstances. So they don’t need to see them.
And people like me don’t care. I know he took every legal deduction allowed. Just like every other business.
That’s just wrong...
Might be impeachable LOL
“Absolutely pathetic.”
Soon ABC will be talking about Trump causing local chaos by escaping from his crib multiple times.
So.... He didn’t pay taxes because the laws were in his favor.... And then a bunch of Navy Seals died?? Or then women were raped?? Did he steal from the People? He must have traded military secrets for cash then? compromised national security? Whut? Just didn’t need to pay federal for two years? Yeah, so?
Those pants were so tight back then - they must have lost a lot of circulation in their priv parts.
And whem Trump becomes pres, you won’t be paying any taxes either. Go Trump!!
Heck yeah they were tight. I can’t imagine how they got around in that. I only like to wear loose fitting cargo pants.
But I recall reading about a woman who damaged her legs by wearing pants that were too tight.
You can only do it for 5 years, and then I think you have to start over. Lather, rinse, repeat...
The underlying insinuation of pieces like this are that if you have a certain large quantity of wealth, THAT should be taxed on an annual basis.
I have only happy memories of dancing queen, the only time I ever heard it was while my orthodontists crazy hot assistants were hovering over my reclined form checking my braces.
Hillary is about to get a surprise.Her tax data will show that the Clinton Trust was used to avoid paying taxes on the lucrative non-donations she received.
The problem is that the donations were not true donations, they were quid pro quo payments from enemies of America.And the IRS refuses to deny donative status to millions of quid pro quo payments to Clinton?
Wel, well, that has traction! And she just earned herself a Donald broadside.
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