BOMBSHELL REPORT: Donald Trump Previously Paid ZERO Income Taxes

Donald Trump has refused to release his income tax forms so far in the presidential race, despite every candidate of both parties doing so since 1976. Trump has claimed that his tax rate is not anybody’s business, and has used the smokescreen of a supposed IRS audit (with no proof) as his excuse – but the IRS says an audit doesn’t prevent him from releasing his returns anyways.

Now a new report from the Washington Post shows that when Trump previously had his taxes released, he didn’t pay anything. ZERO. Nada. Zip.

The last time Donald Trump’s income-tax returns were made public, the bottom line was striking: He had paid the federal government $0 in income taxes.

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 release of tax returns for a presidential candidate tells Americans what kind of person, financially, hopes to be the chief executive of the most important country in the world. Do they follow the laws and pay their fair share of taxes to keep the country running, as most people do, or do they use their wealth and privilege to avoid their responsibilities and enrich their own pockets?

Donald Trump has gone on the record in saying he likes greed, supports greed. He doesn’t give much to charities, and when he does its to pump up his own name. He’s not a good man who supports his country, and his taxes – and his attempt to avoid revealing what he pays and for what – are more evidence that he is crooked.

Featured image via Flickr

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  • Ed

    If government services were valuable and the market wanted them, would they be provided on a compulsory basis?

  • cpinva

    I suspect the reason he paid no income taxes back then (and probably now), is because of losses flowing through to him, from his S Corps & Partnerships, reducing whatever gross income he did report to zero or less than zero. however, one thing does bother me: with the Alternative Minimum Tax (AMT) requirement, he should have paid at least 20% in federal/state income taxes, on his computed Alternative Minimum Taxable Income (AMTI). however, I can’t remember when the individual AMT was made a part of the Internal Revenue Code (IRC), so it’s possible it wasn’t in effect for those early years. hence, he reports a personal Net Operating Loss (NOL) on those years, and no federal/state income tax liability.