- Yet again Trump is breaking the records for not paying his tax
- He sets the record for not paying taxes for more than 11 years
- Trump has paid only $750 in the year when he became the president
- He again sets the record for not showing his income tax records publicly for more than 40 years.
Trump tax returns are now a controversy as there was no record for trump paying taxes during or before his presidential tenure. now that the elections are here, its mandatory to look up all the assets of the nominees to clear the air for the voters to choose wisely.
Trump is again set to run for the presidential elections, but before going for that has, he thought of his tax?
The records show that Trump has not paid his taxes for many years. When he became the president in 2016, he paid his taxes that would be probably due to his presidential honor but once is his tenure he has paid the taxes.
From a luxurious lifestyle to a hairstyle of more than $70,000, how has he managed to escape from paying taxes? Most of his expenses were classified as business expenses which gave them the liability for not paying taxes.
He hasn’t paid income taxes for more than 10 years and the matter was kept hidden as Donald trump wanted not to show the record publicly breaking the record of 40 years to become the first presidential candidate and president for canceling the tax returns showing publicly.
Data on trump tax returns have been recorded that show the history of two decades. It is clear from the record that Trump has not been paying his taxes for years. It has shown that trump has declared to lose more than he has gained money.
Moreover, he has received $72.9 million as a refund after he claimed that he has lost millions while he has received nothing.
Did Trump promise to release his tax returns during his previous candidacy?
While he was running to become a president previously, he repeatedly promised to reveal his records but due to the delay in audit, he couldn’t release taxes. Although he was just playing around because due to law there is no restriction on releasing tax returns due to audit being delayed.
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But as always trump encouraged his voters and said that they were not interested in all these matters so it doesn’t bother them and eventually him as well.
Trump’s tax returns and his re-electing strategies
Elections are on its way and November will be the chance for electing America’s president. but what will be the effect of this news on trumps becoming president once again?
Though most of the things have not been in favor of Trump’s running elections so far. Facebook has announced to stop campaigns before a week of elections, now the report has been revealed which is totally against Donald Trump’s tax returns career.
This could be in favor of Joe Biden as he has released his 21 years of tax record and tweeted asking trump that now tells us who is the corrupt one?
As I was saying. https://t.co/NwOKjL0Zhj
— Joe Biden (@JoeBiden) July 9, 2020