The error that most of you liberals make when it comes to what corporations a individuals like Donald Trump pay in taxes is that you only look at what is paid with their income tax return. Very little of their income is from sources that take out withholding taxes. Much of their income is from stocks and bonds and as such is only on paper until such time as they are liquidated.To keep from having to make huge payment at reporting and to provide the government income flow the entire year that instead file quarterly estimated taxes. This can add up to millions of dollars over the year.
Your error is your simple logic currently The Trump organization is being investigated for tax FRAUD.
Why because come tax time he devalued his property to pay a lower rate of tax. Than when he wanted to get a loan he would increase the value of his property to get more equitable loan terms or a higher loan by defrauding the lender of the true valve of his assets.
Every year we keep hearing about loopholes in the tax system. After all these years why have they not fixed the loopholes? Its because the politicians use the loopholes themselves and they dont want them to go away. And as long as the loopholes are there it is not against the law to use them.
Did I say anything about loopholes? NO!!! Most of the "loopholes" that used to be used by "millionaires" were eliminated by the Reagan tax cut bill. That is one of the reason why it increased tax revenues. Since then the liberal Democrats have put a lot of them that their donors wanted to use back in the tax code. What I posted about was the alternate method of making regular tax payments when you have income from things other than wages, salaries and tips. Whether you like it or not, rich people do pay taxes. In fact they pay a higher percentage of the cost of government than the services they receive from the government.
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