Trump paid ZERO in taxes in 2020
- Thread starter stinkynuts
- Start date
Of course.
Taxes are for losers.
(though he's a loser now so maybe its time to pay up for all those years)
Taxes are for losers.
(though he's a loser now so maybe its time to pay up for all those years)
From what I understand, they borrow against their assests. These loans are not counted as income, and therefore not taxed.
Against their assets or stock options (like Musk does). Banks gives them very low interest rates that common peasants never gets. Works well unless you overvalued your assets and/or stock goes down...
That is not unusual and there is nothing illegal or improper about it.
Of more concern is that he oy submitted to 1 of the 4 mandatory audits while in office and there was apparently a very large undisclosed loan from a foreign bank.
