Why Donald Trump's belief that avoiding taxes is 'sport' is so dangerous:
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that between 1985 and 1994, Trump told the IRS his businesses had racked up $1.17 billion in losses and, thus, he paid no federal income taxes for most of those years.report on Trump’s 1995 tax return, my Tax Policy Center colleague Steve Rosenthal explained how he did it,. You can read the details.
Most taxpayers are unaware of these details, but Vanessa’s research finds that many believe that the wealthy and corporations pay less than they should in taxes. We’ve seen that in the public backlash against the 2017 Tax Cuts and Jobs Act.of those tax cuts went to the top 20 percent of the income distribution and one-quarter to the top 1 percent. Even households that got tax cuts , seemed convinced that they got stiffed by the law.
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