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Trump’s Five Worst Tax Secrets, Revealed


#1

Trump’s Five Worst Tax Secrets, Revealed

Richard Eskow

Thousands of demonstrators marched on Saturday to demand that Donald Trump release his tax returns. But, barring an unexpected surprise – a W2 form issued by Vladimir Putin, or a 1099 from mafia boss Anthony ‘Fat Tony’ Salerno – we already know Trump’s ugliest tax secrets. We will reveal those secrets…

… right after this break.


#2

Recall how many times Obama reminded us that one of his highest second term priorities was "tax reform in the spirit of bipartisan 1986 tax reform", the most regressive tax reform in history and first opportunity for the recently formed Democratic Leadership Council (DLC) to prove to their corporate donors that they were serious corporatists.

Although our non-stop efforts to thwart TPP, TTIP and TISA distracted Obama and Congress from moving tax reform forward, we must continue to push back against tax reform irrespective of who is in the White House and Congress.


#3

ray, you seem to forget that Obama raised taxes on the wealthy by nearly 10%.


#4

"before learning that Trump paid an effective federal tax rate of 24 percent that year"

Might e wrong here but his total income was $49 million and he paid $38 million in taxes. That's a little more than 24%. Remember the $100 mill he claimed in losses that year? My guess is that will be applied in future years?