Despite being on a news vacation, I heard that The New York Times got copies of some of Txxxx’s tax returns. I read the Times article, but will let a few other Times readers comment.
Ralph from Nebraska:
This stunning report takes some time to read and digest and we will all find numbers that amaze and annoy us. I was once a bankruptcy lawyer and I often had to explain this scenario to clients: If you borrow money and don’t repay the money the IRS sees the money that you didn’t repay as income on which you need to pay taxes. Here’s the number that jumped screaming off of my I Pad: $287,000,000. During the last ten years our President has stiffed his creditors to the tune of $287 million.
STSI from Chicago:
There is something rotten in our tax system that allows someone like Dxxxx Txxxx to spend years litigating the IRS so that he can pay little or no taxes owed. Dxxxx Txxxx is the poster child for how the US tax code has been exploited and scammed by individuals who use taxpayer money to fund their legal battles with the IRS. Congress needs to address this issue and level the playing field so that every American pays his or her fair share of taxes due.
Ron S. from Los Angeles:
I run two small, moderately profitable businesses. I deduct legitimate business expenses, but I also make monthly estimated tax payments to the IRS, knowing full well if I claim losses year after year I will be audited. That Dxxxx Txxxx cheats the system is not only no surprise, it also shows how the U.S. tax system is set up one way for the rich and another way for everybody else.
B. Reed from Washington DC:
Txxxx is a crook who deserves to be prosecuted. But I wish this was an anomaly because it isn’t. . . . How people can see this stuff and not be radicalized and demand dramatic change is beyond me. . . .
It’s beyond me too.
By the way, we have an election 36 days from now, in which Dxxxx Txxxx and lots of his Republican enablers are candidates for high office.