Trump's Tax Returns Have Been Released.

[Warren Dew]

(10-02-2016, 07:41 AM)Mikebert Wrote:

(10-02-2016, 12:24 AM)taramarie Wrote:

(10-02-2016, 12:21 AM)Eric the Green Wrote: Tell us more; what did they say? Source?

Here. This is something I just saw. Do not know how legit it is. Trump's Tax Return

It appears to be from 1995.  We already know he paid no taxes then and had small income suggesting small net worth then.  He did release a revenue statement for a more recent year that suggested an income in the several hundred million range.  A Bloomberg analysis of this data suggested a net worth of about $3 billion.  If he is earning only $50 M on $3 B of assets he is a really shitty businessman. 

Assuming for the moment the tax return is real, the income is taxable income.  Any billionaire worth his salt knows how to keep the vast majority of his increase in capital gains from becoming taxable income - that's how Buffett manages an effective tax rate of less than a tenth of one percent.

Also notice that whenever a politician comes up with a "tax the rich" scheme, it's mostly about increasing tax rates on people who actually earn their money - millionaires and down.  They never talk about eliminating foundations and other schemes that billionaires use to keep their money from ever becoming 'income' for tax purposes in the first place.