>'Biden Crime Family Received at Least $27 Million Since 2014 From
>Foreign Individuals and Entities'
>
><https://rumble.com/v5bj7a5-biden-crime-family-received-at-least-27-
millio
>n-since-2014-from-foreign-ind.html>

Rightists eat all the shit they're fed.

More outright lies from another aMERICA HATER.

tRUMP PAID MORE INCOME TAX TO CHINA THAN TO THE USA.

Trump's tax returns reveal president's foreign bank accounts
30 December 2022
Bernd Debusmann Jr. and Robin Levinson-King
BBC News
Getty Images Donald TrumpGetty Images
Former President Donald Trump had long sought to keep his tax returns
private

Newly released tax returns for former President Donald Trump have shed
light on his business losses, complicated tax set-ups and tax payments
during his White House years.

However, they are unlikely to have a major political impact as he eyes
another presidential run, experts say.

The documents confirmed that Mr Trump paid no federal taxes in 2020 and
only $750 (�622) in 2016 and 2017.

He paid close to $1m in 2018, however.

A long legal battle led to the release of the records, and Mr Trump
criticised the disclosure, warning that it will deepen the US political
divide.

He added that the returns "show how proudly successful I have been and
how
I have been able to use depreciation and various other tax deductions as
an incentive for creating thousands of jobs and magnificent structures
and
enterprises."

Although there's no law requiring it, it is tradition for presidents to
publish their tax returns.

US presidents are paid a salary like any worker, but many also earn
income
from their personal businesses and investments.

The newly released documents include tax returns and related documents
for
Donald Trump, the Donald J Trump Revocable Trust and seven corporate
entities.

They represent only a fraction of the former president's over 400
separate
business interests.

How Trump business losses sharply reduced his tax bill
Trump's tax returns released after years-long effort

Previously released figures show that Mr Trump paid a total of $1.1m
(�906,587) in federal income taxes from 2016 to 2019, all but $1,500 of
which was paid in one year. He paid no taxes in 2020, the final year of
his presidency.

The documents also show that Mr Trump, who had international business
dealings, held bank accounts in Ireland, the United Kingdom and China for
a period that ran from 2015-17.

The overseas accounts were notable, as Mr Trump held the White House in
2017, giving him significant power over US foreign policy.

From 2018 onward, Mr Trump only reported having an account in the UK.
What Donald Trump reported on his taxes

The records also show that the Internal Revenue Service - the US federal
entity responsible for collecting taxes - did not audit Mr Trump during
the first years of his presidency, only beginning in 2019 after Democrats
sought to gain access to his tax records.

The finding led to criticism from Democrats. Don Beyer, a member of the
committee that oversaw the record release, said that the IRS' auditing
system was broken and that "Congress has so much work to do to make tax
enforcement in this country fairer."

In a memo cited in an earlier report, the IRS noted that "it is not
possible to obtain the resources available to examine all potential
issues" associated with Mr Trump's hundreds of business interests.

Maryanne Monforte, a professor of accounting practices at Syracuse
University, said the tax returns represent a quagmire even for
professionals.

"He's the quintessential businessman and he's got his hands in
everything," she said. "He started out in real estate, and that creates a
level of complexity between valuations, revenues, losses and
depreciation.
That all means his return has an added layer of complexity that you might
not see with other billionaires." Does releasing the tax records matter?

However, experts from both sides of the US political spectrum believe
that
the returns will have little impact on Mr Trump's popularity among his
core supporters.

"It won't matter what was in there at all, short of anything that would
be
a clear legal violation," said Doug Heye, a former Republican National
Committee spokesman.

"There's no Trump supporter who's going to say 'oh, I can't vote for him
now'," he said. "Even though we haven't seen Trump's taxes, we've been
through this before. This isn't changing anyone's minds."

"Trump voters aren't going to be moved by anything," said Democratic
strategist Ameshia Cross.

For them, "Quite frankly, I don't think this matters," she said, though
undecided voters - or Republicans seeking an alternative to Mr Trump -
may
perceive the documents as showing that his business acumen "wasn't
actually what he was making it out to be".

"That would mean that the entire campaign that he ran on was basically a
lie," she said. "This showcases something that he had been trying to hide
for years." How much taxes have other presidents paid - and how does
Trump
compare?

In some years, Mr Trump paid a far smaller proportion of his income than
other recent presidents. In 2018, he and his wife earned $24.3m in
adjusted gross income. But he paid just under $1m, giving him a tax rate
of just 4.1%. In America, spouses file together.

In other years, because he reported huge business losses, Mr Trump's tax
burden was actually greater than what he earned on paper. For example, in
2017, he lost money but still paid taxes.

In comparison, Barack Obama and his wife Michelle Obama's taxable income
peaked in 2009, when they took home $5.5m, and paid about 30% in taxes.
Most of their income came from the sales of Mr Obama's two books, Dreams
from My Father and Audacity of Hope.

As his book sales dwindled, Mr Obama's taxable income declined
considerably - in 2015, the couple earned just $447,880, almost all from
his presidential salary, and paid about 18% of their income to the IRS.