Donald Trump a National Security Threat
Donald Trump’s Taxes Show Years of Avoidance and Losses
Cristal M Clark
Well it would appear Trump is not the millionaire everyone thought he was because his taxes show years of losses and tax avoidance. His excuse this morning was it was all fake news, tonight it was that he is entitled to credits.
What’s more is that his income taxes also more than prove that he is in fact a security threat to our nation. Thanks to the New York Times we now have insight as to why Trump has fought long and hard to try to keep his taxes from the public. I mean all presidents do release them but not Trump and for a multitude of reasons.
According to the Times, Trump has about $421 million in debts which he has personally guaranteed and which are coming due over the next several years. Russ Choma reported in Mother Jones last summer that Trump’s debts were nearly $500 million and would come due in relatively short order. But Trump’s debts are even bigger than that, and he’s worked hard to keep them hidden for decades.
Trump paid a whole $750 in federal income taxes in 2016, the year he was elected president, and the same amount the following year, when he entered the White House. In many years recently he hasn’t paid anything at all. He paid his daughter Ivanka lush consulting fees that he deducted as a business expense even though she helped him manage the Trump Organization. And he’s taken questionable tax write-offs on everything from getting his hair done to the tune of $70,000, to managing his personal residences.
The tax returns also show the extent to which Trump has repeatedly betrayed the interests of many of the average Americans who elected him and remain his most loyal supporters. The supporters who voted for Trump because they fell for his utter bullshit, his lies, the very things they hoped by voting for Trump would serve as a way to clean up DC and get more politicians in place that actually work for the people. No, they got the very thing in the office that they never wanted to see in office.
Trump supporters like him because he is a businessman, he is not and that is a fact.
Trump is not a business man, he created a fucking brand and not a very good one because his debt shows his brand is a failure, he had to sign personal guarantees to get loans. Trump has bragged about being worth $10 billion ever since he entered the 2016 presidential race, not true he is actually worth just a fraction. The Covid-19 pandemic has hit hard the sectors in which the Trump Organization operates real estate, travel and leisure. If Trump is unable to meet his debt payments, he’s either going to have to sell assets or get bailed out by a friend with funds. Trump isn’t likely to sell anything off and that makes him a target, in particular from obtaining a bailout from a foreign country.
Here are the 7 biggest takeaways:
Trump paid $750 in taxes in both 2016 and 2017
The Trump family lives a lavish lifestyle through business expenses -Wait, WTF, was his tax auditor sleeping at the wheel?
Some of his best-known businesses lose millions
Foreign visitors help support Trump properties – we already knew this
He paid family members in “consulting fees” -again has he never been audited? Basically he is writing off money to avoid paying taxes.
Trump’s lucrative licensing revenue has dwindled
Trump’s debt load is coming due
The Times said the president appears to be responsible for $421 million in loans, most of which will come due within four years. On top of that, a $100 million mortgage on Trump Tower in New York will come due in 2022.
No one with Trump’s financial woes would have access to national security intel, ever and at all, but here we go again Trump has access.
The absolute worst thing that has come out of Trump’s taxes is that Trump has managed to not only make a mockery of the White House and the US Presidency, he’s also made a mockery of the IRS, National Security, The Republican Party, Lenders, US Citizens and his supporters. Jokes on you all, it’s almost like he is laughing at you – at your willingness to blindly follow him around because your are too blind to see the truth or too stupid, either way, he is laughing at all of you as you cast a vote for him. You are in fact a joke to Donald J Trump.
But you knew that right, I mean look at his response to Covid-19.
All Biden has to do now is hammer away during the debate with Trump on his taxes, how it is Trump who should be in jail for tax fraud, his lies, his deceit and the rate of death we have over Covid because Trump is afraid to lose the election for if he does, no one is going to bail him out. The truth of the matter is simple, Trump cannot afford to lose this election otherwise he’ll lose everything he never truly worked for nor actually had.
Cristal M Clark