09-29-2020, 11:26 AM
(09-28-2020, 05:24 PM)PhilHos Wrote: I admit. I have paid little to no attention to the Trump tax return news. Can someone tell me as unbaisedly as possible (which means probably only Matt is capable) about why this is bad? Did Trump do something illegal?
We don't know if he did anything illegal but we know his tax returns are under investigation (active audit). But even if it is not illegal it is bad for other reasons.
1. He claimed he would run the United States like his business empire, but his tax records show that he is a terrible businessman. He has artificially pumped up the US economy using deficit spending just like he pumped up this appearance of wealth by borrowing money.
2. He repeatedly lied about how much he was worth and how much money he was making.
3. He has claimed that even the poorest people in American should pay some income taxes in order to be "part of the game" at the same time he was paying zero income taxes.
4. He campaigned on the motto "America First" while he paid thousands of times more income tax to foreign countries than to the United States.
5. His massive amounts of debt make him a security risk.
6. Trump owned businesses have billed the United Sates government close to $1 million dollars while he has been in office. Every time he goes home to play golf his resort bills the United States government for the lodging of his staff and Secret Service agents. His hotel in Washington DC bills for rooms for foreign diplomats and other visitors.
7. He has taken hundreds of thousand of dollars of deductions for consulting fees he paid to his own children.
