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SWBTATTReg

(22,730 posts)
Mon Sep 28, 2020, 01:16 PM Sep 2020

trump's federal taxes were $750, I wonder just how much he paid too in state taxes?

In Missouri, where I live and pay taxes, we have a itemized (if you itemize on your federal return) limit on the state return of I think $10,000, thus a lot of the massive tax credits / deductions are rendered mute in doing state returns.

I wonder just how many state tax returns trump has committed fraud on or fudged the numbers on? I know that he has properties in NY, New Jersey, Florida, etc.

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SWBTATTReg

(22,730 posts)
3. Thanks. Some states don't have a income tax structure, get their revenues from other sources, I
Mon Sep 28, 2020, 01:27 PM
Sep 2020

can imagine how trump screws around his numbers in such locations, i.e., undervalue his property values grossly, or understate his revenues to pay less sales taxes, etc.?

SWBTATTReg

(22,730 posts)
7. I laugh when you said this, you're right. There are so many ways that people cheat on taxes...
Mon Sep 28, 2020, 01:31 PM
Sep 2020

that I'm constantly amazed when I hear of the schemes they come up with (I was an auditor, tax accounting in my former work life).

SWBTATTReg

(22,730 posts)
5. Good indicator to use indeed. Number of employees vs. actual payroll taxes paid. This is a good...
Mon Sep 28, 2020, 01:30 PM
Sep 2020

catch as I have a friend who works at a local bar, and the owners never filed any of the state required paperwork to indicate the number of hours he worked, pay, etc., thus he was unable to get the $1200 stimulus payment. He's pissed and is still trying to get them to file the paperwork. God, when is enough, enough for these people?

empedocles

(15,751 posts)
8. Was thinking payroll taxes paid v. all taxes paid, all taxes by given categories paid.
Mon Sep 28, 2020, 02:35 PM
Sep 2020

The 'concept' being, those were taxes due that trump actually had to, and did pay.

[Don't trust traitortrump with a dime].

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