The NPR Politics Podcast The NYT Says Trump Paid Little In Income Taxes; What Does That Mean For The Campaign?
Sep 28, 2020
A recent investigation revealed President Trump paid just $750 in federal income taxes for two years, sparking fierce debate. The discussion explores the ramifications of this financial transparency issue on his campaign. Concerns arise about his substantial debts and how they shape public perception. Experts analyze the White House’s defensive stance and the potential consequences for undecided voters. With the upcoming debates on the horizon, strategies are considered on how opponents might leverage this controversy amidst broader national concerns.
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Trump's Low Tax Payments
- Trump paid only $750 in federal income taxes in 2016 and 2017, despite earning millions.
- He may have used creative accounting or incurred substantial losses to lower his tax bill.
Trump's Debt Load
- Trump has hundreds of millions of dollars in personally guaranteed loans coming due.
- This debt could pose a significant risk to his personal fortune, especially if re-elected.
Ivanka Trump's Consulting Fees
- Trump paid substantial consulting fees to Ivanka Trump, raising questions about tax avoidance.
- Those involved in the projects questioned whether she did any actual consulting work.