Major Issue Spotted In Trump’s Taxes
Uh-oh!
Since coming into office in 2016, Democrats have been working around the clock to get their revenge on Donald Trump. One of their tactics was to acquire Trump’s tax returns and expose them to the American people.
Recently they achieved their goal of getting revenge and got their hands on Trump’s taxes and released them to the public. Sadly, for the Democrats nothing was found!
After sifting through thousands of pages of pages of Trump’s taxes the Democrats learned that Trump was using millions of dollars worth of business losses to reduce his annual tax liability. This resulted in some instances where Trump paid nothing in taxes however nothing Trump did was illegal.
Everything former President Trump did when it came to his personal taxes was perfectly legal and within his rights.
Now this has actually blown up in the Democrats’ faces and could become a major problem for them and their donors who are in the top 1% of earners in the country.
According to The Hill, many questions are being raised about the U.S. tax code and tax regulations. People are now asking why hyper successful individuals such as Trump, President Biden, Nancy Pelosi, Hillary Clinton and many others are able to skirt the system while middle class Americans have to pay all of their taxes.
Americans for Tax Fairness’ director Frank Clemente explained, “With the release of Donald Trump’s tax returns we have learned that he did not pay any federal income taxes [in some years].”
Clemente explained that Trump was able to legally do this because of “a loophole-ridden tax system in need of fundamental change.”
In 2021 President Biden’s own Treasury Secretary Janet Yellen admitted that high-earners were exploiting the system and said, “Under the current system, American workers pay virtually all their tax bills while many top earners avoid paying billions in the taxes they owe by exploiting the system.”
Democrats pushed the envelope by hoping they would find something illegal or incriminating about Donald Trump through his taxes however all they learned was that Trump was very safe about how he used the U.S. tax system and now all of the pressure is back on them to fix it.
