Page 39 - Deductions News Today

Organizations were struggling. in 2019 he made 500,000 in charitable deductions, 2018 he claims 500,000 and 2017 1.9 million and 2016 $1.2 million. this got our attention in 2015 he claimed $21 million in charitable deductions. that seems out of character lets just say, and turns out what he did was donate 158 acres of a property he owned called seven springs in north castle and thats one of the things the manhattan district attorney criminal investigation is looking into because he may have ove...

The documents include six years of tax information for the time Trump, a Republican, served as US President and campaigned for the White House, from 2015 to 2020.The

Not they crossed the line into illegality, of course. but either way to your question i do think its the case that the irs was asleep at the switch. there were plenty of red flags about donald trumps aggressive at the very least tax stance is going back decades as we have heard and auditing him and their policy. and it is policy whether or not there are red flags and didnt do it for the first couple years trump was in office. the question is why and we dont know the answer yet. >> yeah, i think ...

Cover-up, that can be the case here, too. >> david, i mentioned earlier in the show, in the last hour, some of the things that jumped out to me from these tax returns, the fact that he paid zero and charity, or declared zero in charitable donations in 2020, despite promising to give away his government salary. the fact that he paid more in taxes to foreign governments than to the united states government, in federal income tax, at least. the fact that he had back accounts in china, and other for...

Judges, state and city. to have engaged in civil tax fraud. but this put him on notice. that what he was doing, creating a fictitious business, that has no revenue and takes big deductions, was not allowed. yet he did it 26 times over the secure six years he was a candidate as president. thats powerful and persuasive evidence of criminal intent. and particularly, new york state. through district attorney alvin bragg in manhattan. he can use these trials that were held in 1992, to show trumps law...

Means committee, which released these taxes today. appreciate you being here. what are the main things that you took away from your review of donald trumps tax returns? >> ryan, six years after i made the first motion to get them, we have six years of trumps tax returns. i think its really outrageous. its outroy jous with trump personally and with regard to the irs. here is the most powerful man in the world, the self-ascribed clever genius, who brags of his wealth almost daily, and he did not p...

As the end of the year your options to lower your taxes are on your mind, you do still have some options.

System. thats not helpful to tax compliance at a time when the democrats have put through an $80 billion controversial program to give the irs more resources. this only sort of further inflames things. i dont think its helpful to what theyre trying to do. >> we were just looking a the the numbers of what former president trump paid and i think for somebody to look at home to look at the wild swing and what he paid in taxes, if we can bring that back up here for a second. can you as the former ir...

Perhaps hes not a really good businessman but especially the numbers from 2015 are not verified. youd want to see what they are to make sure these are legitimate claims. your reporters point about the miracle that the income and deductions are the same happens with multiple entities in multiple years. there are concerns about personal deductions being involved. its clear that its not from taxed appreciation. thats a small piece. i mention tax depreciation because thats a genuine allowable tax lo...

Refused to release as he was running for president in the 2016 campaign and all through his four years in office. just minutes after all of these documents were released, he shared a statement with nbc news that ill read with you now. he says the democrats should have never done it. the supreme court should have never approved it and its going to lead to horrible things for so many people. he then of course said the trump tax returns, once again, show how proudly successful i have been and how i...