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A friend in the construction industry told me recently that the reason Donald Trump won’t release his tax returns is because he doesn’t pay taxes.
“The last time Donald Trump released his personal income taxes, they revealed that he paid zero, nothing, nada.
“The disclosure, in a 1981 report by New Jersey gambling regulators, revealed that the wealthy Manhattan investor had for at least two years in the late 1970s taken advantage of a tax-code provision popular with developers that allowed him to report negative income,” the Washington Post reports.
“And since then, tax laws have been made far more favorable to real estate “developers,” chances are that he hasn’t paid any taxes — possibly in decades. And his foundation’s returns show that he’s not only avoiding taxes, he may be using the front of charity as a veil for corruption.”
Trump says repeatedly that he tries to pay as little as possible in taxes. Little nay mean none at all. If a billionaire pays no taxes, he is not pulling his weight. He is not paying for the services that everyone else pays for. He is a tax-dodger. What a terrible example.