Trump Is So Broke His Income Tax Is Less Than Our Respected Teachers
Start writing a post

Trump Is So Broke His Income Tax Is Less Than Our Respected Teachers

Trump is NOT a billionaire.

Trump Is So Broke His Income Tax Is Less Than Our Respected Teachers

According to Trump's tax documents, he only had to pay $750 in accordance to his income. In other words, Trump's income tax is less than our respected teachers, firefighters, and nurses. The circulating news allowed for an interview from 1990 to resurface where Trump is asked to explain why he is in millions of dollars in debt.

"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." - New York Times

The IRS has been speculating the legitimacy of Trump's $72.9 million tax refund due to his financial losses. Trump claims he has more financial loss compared to his annual profit. He states in Walters 1990 interview that if he were to sell all of his assets he would no longer be in debt with the bank.

At the time, he paid $407.5 million (the equivalent of over $698 million today) or the iconic New York location, a controversial sum. - Newsweek

Trump is currently running for his next Presidency during his financial struggles. He still has Trump Towers all over the world where he has formed international relations. His international relation with Ukraine's President was discussed during his Impeachment Trials. Trump's international assets are at risk from the financial loss due to the pandemic.

"The cumulative loss to global GDP over 2020 and 2021 from the pandemic crisis could be around 9 trillion dollars, greater than the economies of Japan and Germany, combined." - International Monetary Fund

I'm 'Ready' To Take Action On Stimulus Checks, Rental Assistance, Business Loans And State And Local Aid - Trump

As our President, he has been supportive of stimulus packages through both the Heals Act and the Heroes Act.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
the beatles
Wikipedia Commons

For as long as I can remember, I have been listening to The Beatles. Every year, my mom would appropriately blast “Birthday” on anyone’s birthday. I knew all of the words to “Back In The U.S.S.R” by the time I was 5 (Even though I had no idea what or where the U.S.S.R was). I grew up with John, Paul, George, and Ringo instead Justin, JC, Joey, Chris and Lance (I had to google N*SYNC to remember their names). The highlight of my short life was Paul McCartney in concert twice. I’m not someone to “fangirl” but those days I fangirled hard. The music of The Beatles has gotten me through everything. Their songs have brought me more joy, peace, and comfort. I can listen to them in any situation and find what I need. Here are the best lyrics from The Beatles for every and any occasion.

Keep Reading...Show less
Being Invisible The Best Super Power

The best superpower ever? Being invisible of course. Imagine just being able to go from seen to unseen on a dime. Who wouldn't want to have the opportunity to be invisible? Superman and Batman have nothing on being invisible with their superhero abilities. Here are some things that you could do while being invisible, because being invisible can benefit your social life too.

Keep Reading...Show less

19 Lessons I'll Never Forget from Growing Up In a Small Town

There have been many lessons learned.

houses under green sky
Photo by Alev Takil on Unsplash

Small towns certainly have their pros and cons. Many people who grow up in small towns find themselves counting the days until they get to escape their roots and plant new ones in bigger, "better" places. And that's fine. I'd be lying if I said I hadn't thought those same thoughts before too. We all have, but they say it's important to remember where you came from. When I think about where I come from, I can't help having an overwhelming feeling of gratitude for my roots. Being from a small town has taught me so many important lessons that I will carry with me for the rest of my life.

Keep Reading...Show less
​a woman sitting at a table having a coffee

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

college students waiting in a long line in the hallway

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments