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One of the biggest questions in American politics since the election of the US president in 2016, and even the campaign that preceded it, is exactly where you stand financially. Donald trump.
The current president broke with the previous tradition and did not release his tax returns, in fact, he tried to hide them at almost any cost. Although several courts have decided to extradite them, so far this has not happened.
More precisely, it happened today, as the New York Times has acquired the confessions of the past two decades, making it bigger than anyone in the American press lately. The statements reveal several interesting things:
Trump didn’t pay a lot of taxes
In a total of 11 of the 18 years of tax returns, the president did not pay any federal income taxes. In 2017, after being president, he paid approximately HUF 250,000 in taxes in one year. In comparison, previous presidents, Barack Obama Y George W. Bush each year approximately HUF 30 million were paid in taxes.
Long audit
Trump has not released his statements for a long time, claiming they are being audited. It turns out that this is absolutely true. Trump claimed and received a tax refund of approximately HUF 22 billion after confessing serious losses to his companies. In 2011, the tax authority began to investigate whether the refund was legal. The case is still pending and Trump may have to pay the money back in the end
Lose a lot of money
Trump practically became president when referring to his extraordinary success as a businessman. However, his statements revealed that his most important stores, such as golf courses or hotels, are constantly losing money each year, up to tens of millions of dollars. His hotel, which opened in the United States capital alone, has seen a loss of $ 55 million so far.
He is roughly in debt
Donald Trump has taken out many loans from which he has run his businesses, and many of them will mature in the next four years. He is also personally responsible for some of the loans, which is concerning because he will have to repay some 130 billion guilders in his next presidential term if he wins the election. And your creditors are in a very special situation because they have to collect money from a president in power.
Win a lot from the presidency
The big question of the last four years has been whether Trump is using his presidency to make money. According to the Times, yes, because during his presidential term, a large amount of money flowed into his business from foreign lobbyists, politicians and businessmen. The article looks at these in detail, especially in relation to Trump’s Mar-a-Lago resort.
In any case, it is certain that the next debates on presidential candidates will be dominated by this topic.
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