Trump Is So Broke His Income Tax Is Less Than Our Respected Teachers | The Odyssey Online
Start writing a post
News

Trump Is So Broke His Income Tax Is Less Than Our Respected Teachers

Trump is NOT a billionaire.

75
Trump Is So Broke His Income Tax Is Less Than Our Respected Teachers

According to Trump's tax documents, he only had to pay $750 in accordance to his income. In other words, Trump's income tax is less than our respected teachers, firefighters, and nurses. The circulating news allowed for an interview from 1990 to resurface where Trump is asked to explain why he is in millions of dollars in debt.

"The Times obtained Donald Trump's tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due." - New York Times

The IRS has been speculating the legitimacy of Trump's $72.9 million tax refund due to his financial losses. Trump claims he has more financial loss compared to his annual profit. He states in Walters 1990 interview that if he were to sell all of his assets he would no longer be in debt with the bank.

At the time, he paid $407.5 million (the equivalent of over $698 million today) or the iconic New York location, a controversial sum. - Newsweek

Trump is currently running for his next Presidency during his financial struggles. He still has Trump Towers all over the world where he has formed international relations. His international relation with Ukraine's President was discussed during his Impeachment Trials. Trump's international assets are at risk from the financial loss due to the pandemic.

"The cumulative loss to global GDP over 2020 and 2021 from the pandemic crisis could be around 9 trillion dollars, greater than the economies of Japan and Germany, combined." - International Monetary Fund

I'm 'Ready' To Take Action On Stimulus Checks, Rental Assistance, Business Loans And State And Local Aid - Trump

As our President, he has been supportive of stimulus packages through both the Heals Act and the Heroes Act.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

15 Mind-Bending Riddles

Hopefully they will make you laugh.

188348
 Ilistrated image of the planet and images of questions
StableDiffusion

I've been super busy lately with school work, studying, etc. Besides the fact that I do nothing but AP chemistry and AP economics, I constantly think of stupid questions that are almost impossible to answer. So, maybe you could answer them for me, and if not then we can both wonder what the answers to these 15 questions could be.

Keep Reading...Show less
Entertainment

Most Epic Aurora Borealis Photos: October 2024

As if May wasn't enough, a truly spectacular Northern Lights show lit up the sky on Oct. 10, 2024

13748
stunning aurora borealis display over a forest of trees and lake
StableDiffusion

From sea to shining sea, the United States was uniquely positioned for an incredible Aurora Borealis display on Thursday, Oct. 10, 2024, going into Friday, Oct. 11.

It was the second time this year after an historic geomagnetic storm in May 2024. Those Northern Lights were visible in Europe and North America, just like this latest rendition.

Keep Reading...Show less
 silhouette of a woman on the beach at sunrise
StableDiffusion

Content warning: This article contains descriptions of suicide/suicidal thoughts.

When you are feeling down, please know that there are many reasons to keep living.

Keep Reading...Show less
Relationships

Power of Love Letters

I don't think I say it enough...

456979
Illistrated image of a letter with 2 red hearts
StableDiffusion

To My Loving Boyfriend,

  • Thank you for all that you do for me
  • Thank you for working through disagreements with me
  • Thank you for always supporting me
  • I appreciate you more than words can express
  • You have helped me grow and become a better person
  • I can't wait to see where life takes us next
  • I promise to cherish every moment with you
  • Thank you for being my best friend and confidante
  • I love you and everything you do

To start off, here's something I don't say nearly enough: thank you. Thank you, thank you, thank you from the bottom of my heart. You do so much for me that I can't even put into words how much I appreciate everything you do - and have done - for me over the course of our relationship so far. While every couple has their fair share of tiffs and disagreements, thank you for getting through all of them with me and making us a better couple at the other end. With any argument, we don't just throw in the towel and say we're done, but we work towards a solution that puts us in a greater place each day. Thank you for always working with me and never giving up on us.

Keep Reading...Show less
Lifestyle

11 Signs You Grew Up In Hauppauge, NY

Because no one ever really leaves.

26092
Map of Hauppauge, New York
Google

Ah, yes, good old Hauppauge. We are that town in the dead center of Long Island that barely anyone knows how to pronounce unless they're from the town itself or live in a nearby area. Hauppauge is home to people of all kinds. We always have new families joining the community but honestly, the majority of the town is filled with people who never leave (high school alumni) and elders who have raised their kids here. Around the town, there are some just some landmarks and places that only the people of Hauppauge will ever understand the importance or even the annoyance of.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments