Donald Trump Barely Pays Any Taxes: Will Anyone Care? | The New Yorker
Will Anyone Care? | The New Yorker
Three enterprising reporters for the New York Times published a bombshell report Sunday evening on Donald Trump’s financial life, making it clear that the President of the United States is a desperate, cash-hungry grifter who paid no federal income taxes at all in ten of the fifteen years leading up to his run for office and has, in his frenzied quest to stay afloat, “propped up his sagging bottom line” by exploiting his office.
Readers learn that Trump, who inherited an immense fortune from his father, found countless ways to squander his capital. And, like his old man, he also found countless ways to short the government, including, according to the Times, paying his daughter Ivanka legally dubious consulting fees. At the same time, Trump has accumulated hundreds of millions of dollars in debt that he must soon repay. He is an almost comically inept businessman; he is the sum of his debt and bankruptcies. Nearly everything he touches turns to lead. Were it not for his investments in Trump Tower, “The Apprentice,” and little else—and were it not for the tireless ministrations of his accountants—he would likely be on his back. The question is: Will anyone care?