Perhaps the most instructive thing re: Trump taxes is the $75K deduction for haircuts.
It really illustrates how easy it is for rich people to manipulate their tax burden, & pay less than us.
Trump's haircuts are a business expense..but not my entire rent when I work from home.
— Avi Asher-Schapiro (@AASchapiro) September 27, 2020
Despite this, Donald Trump, whom authoritarian populists insist is such a great businessman, is going broke again. He is personally responsible for some $421 million in debt, “most of it coming due within four years,” and faces the possibility of having to return a tax refund to the Internal Revenue Service, which could cost him $100 million. The report does not say to whom he owes the former, but some will surely suspect the Russians.
This is what @SethAbramson maps out in his book. He owes the Russians.
— Geraldine (@NotABravoAddict) September 28, 2020
Ah, gee. And here I’ve been, waiting for word on Trump’s alleged participation in “golden showers” with Russian prostitutes. Make of that what you will. I sure as hell don’t know, but I can’t even wrap my head around my own finances.
So I was wondering what the National Review would have to say about the New York Times story on Trump’s taxes. Well, um, it seems they’re all about the “golden showers,” too, or more precisely the “Russian investigation” into Trump, which Republicans insist was unjustified and possibly illegal. Make of that what you will, too.
Brittany Bernstein, “Lindsey Graham Hints There is ‘More Damning’ Information about the Russia Investigation to be Released,” National Review, September 28, 2020, https://www.nationalreview.com/news/lindsey-graham-hints-there-is-more-damning-information-about-the-russia-investigation-to-be-released/
Russ Buettner, Susanne Craig, and Mike McIntire, “Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance,” New York Times, September 27, 2020, https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
Napa Valley in California is on fire and the fire spread west through mountainous terrain north of the Valley of the Moon, also wine country, in Sonoma County toward Santa Rosa, where evacuation orders are taking effect (figure 1) in areas that previously burned in 2017 with the Tubbs Fire. I keep saying it: In California, if it hasn’t burned, it will. And is.
Fig. 1. Screenshot taken by author of the Sonoma County Fire Incident Map, September 28, 2020, at 9:44 am EDT (6:44 am PDT).
- Bess Levin, “G.O.P. Voters Think Losing $1 Billion Makes Someone (Trump) a Good Businessman,” Vanity Fair, May 15, 2019, https://www.vanityfair.com/news/2019/05/republicans-still-think-trump-was-a-successful-businessman↩
- Russ Buettner, Susanne Craig, and Mike McIntire, “Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance,” New York Times, September 27, 2020, https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html↩
- Craig Unger, “Trump’s Russian Laundromat,” New Republic, July 13, 2017, https://newrepublic.com/article/143586/trumps-russian-laundromat-trump-tower-luxury-high-rises-dirty-money-international-crime-syndicate↩
- Jeff Stein, “Trump, Russian Spies and the Infamous ‘Golden Shower Memos,’” Newsweek, January 10, 2017, http://www.newsweek.com/trump-russian-spies-infamous-golden-shower-memos-541315↩
- Brittany Bernstein, “Lindsey Graham Hints There is ‘More Damning’ Information about the Russia Investigation to be Released,” National Review, September 28, 2020, https://www.nationalreview.com/news/lindsey-graham-hints-there-is-more-damning-information-about-the-russia-investigation-to-be-released/↩