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With tax avoidance on this scale, he had better hope that the records were truthful. If they were fraudulent, the this moves from tax avoidance to tax fraud.
by Tagbert 6y ago
With tax avoidance on this scale, he had better hope that the records were truthful. If they were fraudulent, the this moves from tax avoidance to tax fraud.
It also shows that Trump is not the fantastic businessman that he has portrayed as his public persona
- maxlybbert 6y agoTax avoidance that allows somebody to pay $750 tax on multimillion dollar income should, without question, trigger the alternative minimum tax ( https://www.irs.gov/taxtopics/tc556 https://www.irs.gov/taxtopics/tc556 ). Which is more likely, (a) that Trump’s accountants are creative enough to get his personal tax bill to $750 without triggering the AMT, that the IRS hasn’t been able to successfully challenge the returns, and the tax experts the New York Times spoke with for this story didn’t comment on that fact, or (b) the Times story is missing key details?