TaleWorlds News: New News Necessary for the OT Neophytes

[Adorno]

(Paywall)

Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

www.nytimes.com

New York Times publishes Donald Trump's tax information – live

Paper says Trump ‘paid $750 in federal income taxes the year he won the presidency’ and another $750 in his first year in power

www.theguardian.com

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

Spoiler

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

The Times report also reveals the financial pressure on Trump is mounting as he is personally responsible for loans and other debts totaling $421m, with most of it coming due within four years.

“Should he win re-election, his lenders could be placed in the unprecedented position of weighing whether to foreclose on a sitting president,” it reads.

Spoiler: Key findings

Update: Trump has refuted the report

"Actually I paid tax. And you'll see that as soon as my tax returns - it's under audit, they've been under audit for a long time," ...
"The IRS [Internal Revenue Service] does not treat me well… they treat me very badly,"

Maybe he's just referring to the $72.9m tax refund that's subject of an audit.

Donald Trump 'paid $750 in federal income taxes in 2016 and 2017' - NY Times

The New York Times says Mr Trump paid no tax in 10 out of 15 years - a claim he calls "fake news".

www.bbc.com

 

[Adorno]

US signs anti-abortion declaration with group of largely authoritarian governments

Move is part of a campaign by Trump administration to reorient US foreign policy in a more socially conservative direction

www.theguardian.com

 

[Lord Brutus]

Trump has taken the step today of requiring federal employees to swear loyalty to him and not the government. Can we say Heinrich Himmler?

 

[Arvenski]

He's got less than two weeks before the big day. Hopefully he'll lose, and then we can start fresh in January no matter what crazy **** he pulls between now and then.

 

[Lord Brutus]

I hope I'm being overly paranoid but he will remain in office till mid-January, and as commander-in-chief of the Armed Forces and de factp leader of the Proud Boys and Boogaloos, 14 of whom were trying to assassinate the governor of Michigan.

 

[Cyborg Eastern European]

Don't worry. You have that little law that makes sure stuff like that doesn't happen.

 

[eddiemccandless]

I don't really think that the US military would support a Trump golpe.