Before any one single person can offer one single word of attack regarding Donald Trump’s reported federal income tax status, they should be required to prove they have paid their legal tax requirements, and then taken it upon themselves to pay the IRS more than the established rules say they owe.
I am not a multi-millionaire, but I guaran-damn-tee you if I were, I would use every single possible deduction and credit that the screwed up, messed up, crapped up federal income tax code offered me. If you say that you would not, about the only way you can prove it is to show the world on paper that you did.
If you think Trump is alone in the way he used his complicated business dealings to reduce his tax bill, simply put, you ain’t real bright.
Just one of about a thousand articles you can look up on the topic of “legal and unique” income tax rules for the super rich sums it up quite nicely, from the New York Times, 12-15-2015:
“With inequality at its highest levels in nearly a century and public debate rising over whether the government should respond to it through higher taxes on the wealthy, the very richest Americans have financed a sophisticated and astonishingly effective apparatus for shielding their fortunes. Some call it the “income defense industry,” consisting of a high-priced phalanx of lawyers, estate planners, lobbyists and anti-tax activists who exploit and defend a dizzying array of tax maneuvers, virtually none of them available to taxpayers of more modest means.
In recent years, this apparatus has become one of the most powerful avenues of influence for wealthy Americans of all political stripes, including Daniel Loeb and Steven Cohen, who give heavily to Republicans, and the liberal billionaire George Soros, who has called for higher levies on the rich while at the same time using tax loopholes to bolster his own fortune.”
That’s right folks, America’s upper crust gets all kinds of cool tax breaks and loopholes thrown their way that us “peons” down here on Main Street can only dream about.
That rat bastard Trump!
Only a man as slimy and greedy and nasty and egotistical and mean as Trump could ever be responsible for such hideous rules.
Actually, when it comes to presidential candidates, Trump has less responsibility for the U.S. tax code and all the hideous and indefensible BS hidden within it than Hillary Clinton, Bernie Sanders, Barack Obama, Joe Biden or any of the elected Republicans he beat in the primary.
The complexities and virtually indecipherable language and philosophies in play are beyond the comprehension of the average taxpayer, much less the far less sharp mind (comparatively speaking) of the average taxpayer. That is an undeniable fact that those attacking Trump for his lack of taxable income for the last 18 years hope and pray that most won’t understand. It is much better for their political agenda that blind bigotry and jealousy be allowed to overshadow the truth.
American elected officials are the sole authors and enablers of the ridiculous morass known as the U.S. tax code, and if anyone tells you different, they are lying to you. Here’s to hoping Trump’s tax returns inspire the politicians and the people who elect them to look inward for solutions and question why it has taken the “exposure” of a very poorly kept secret to start a national dialogue about serious tax reform.
I have long been an advocate of a national consumption tax, also known as The Fair Tax, which is clearly superior to the nightmare we have in place now. A flat tax would also be far better to stomach.
But get rid of this silly notion that Donald Trump is doing anything other than following the same rules that are available to anyone who qualifies. Those are not Trump rules, those are millionaire rules, and they were in place long before Trump needed to use them, being utilized by very rich families named Kennedy, Bush, Rockefeller and Roosevelt.