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RSS FeedsTrump went even further than other uber-rich to shrink taxes
(WorldNews Business)

 
 

29 september 2020 00:10:44

 
Trump went even further than other uber-rich to shrink taxes
(WorldNews Business)
 


WASHINGTON (AP) — The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans. Yet Trump characteristically pushed those strategies to the limit, perhaps to the breaking point. So say tax experts in the wake of a New York Times report Sunday that found that Trump paid only $750 in taxes in both 2016 and 2017 — and none at all in 11 of the 18 years that the newspaper examined. “The things that Trump did are typical of wealthy businesspeople and particularly wealthy real estate developers,`` said Steve Wamhoff, director of federal tax policy at the...


 
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