Tuesday, September 29, 2020

Biden paid nearly $300,000 in federal income taxes in 2019 - CNNPolitics

Publisher: CNN
Date: 2020-09-29T19:23:22Z
Author: Kate Sullivan Sarah Mucha and Eric Bradner CNN
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Michael Cohen on Trump's taxes: The facts really do matter here - CNN Video
Publisher: CNN
Date: 2020-09-29T12:47:03Z
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Trump tax returns: DA agrees to pause subpoena pending appeal

The Manhattan District Attorney's Office said Tuesday it will not seek to enforce a subpoena for President Donald Trump 's income tax returns until the president's appeal of the subpoena is resolved.

The grand jury subpoena would compel accounting firm Mazars USA to turn over eight years of returns and other financial documents related to Trump and the Trump Organization.

Manhattan DA Cyrus Vance Jr.'s office, in a letter Tuesday to the clerk of the U.S. Court of Appeals for the 2nd Circuit, said the office understood that the appeals court's order from early September staying proceedings in the case to be an effective block on the subpoena for now, despite not explicitly saying so.

Publisher: CNBC
Date: 2020-09-29T16:53:07 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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How Donald Trump's taxes compare to those of other U.S. presidents - The Washington Post

In 1977, President Jimmy Carter had a problem, according to presidential tax historian Joseph Thorndike . Carter's federal tax burden for 1976 had been zeroed out by a massive investment tax credit he earned for purchasing equipment and buildings related to his peanut farm.

Carter was upset, as he told The Washington Post at the time, because he had a "strong feeling" that wealthy people like him should pay at least some taxes. So he voluntarily paid the Treasury Department $6,000, the equivalent to 15 percent of his adjusted gross income and slightly more than the 14 percent paid by average taxpayers that year.

Publisher: Washington Post
Date: 2020-09-28T19:21:55.959Z
Twitter: @WashingtonPost
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Ann Coulter's take on Trump's taxes has her critics agreeing with her - MarketWatch

Ann Coulter has a knack for tweeting things that get a rise out of people — but this post is raising eyebrows for a different reason.

But she tweeted something on Monday night that even liberals could get behind: expressing outrage at the New York Times report alleging President Trump paid just $750 in income taxes in 2016 and in 2017, and shelled out no income tax in 10 of the 15 years before that. She also slammed Trump supporters like Rick Santorum for saying it's natural for rich people to "game the system."

Publisher: MarketWatch
Date: 2020-09-29T13:10:00-04:00
Author: Nicole Lyn Pesce
Twitter: @marketwatch
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Trump Taxes: Don't Deduct That Haircut Yet; Tax Court Has Rejected Such Claims : NPR

President Trump has reportedly claimed tens of thousands of dollars in tax deductions over expenses such as haircuts. Trump is seen here during a briefing at the White House in March. Mandel Ngan/AFP via Getty Images hide caption

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Tax documents obtained by The New York Times show that during the making of The Apprentice , he deducted $70,000 for the cost of his haircuts and hairstyling. Trump's businesses also wrote off "at least $95,464 paid to a favorite hair and makeup artist of Ivanka Trump," the Times reported.

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Publisher: NPR.org
Date: 2020-09-28
Twitter: @NPR
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Trump's Taxes, Coronavirus, China's Economy: Your Tuesday Briefing - The New York Times

We're covering the second part of The Times's investigation into President Trump's federal tax returns , the growing numbers of virus conspiracy theorists in Europe and the stirring signs of China's economic rebound .

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New York City is on the precipice of a financial abyss , after the pandemic crippled tourism, retail and the culture sector. The economic damage could last years.

His growing celebrity earned him gigs promoting ring tones, hamburgers, even laundry detergent. Mr. Trump also began to lend his name to buildings he didn't own, collecting big fees as his investors lost millions, and to put his wealth toward luxurious golf courses that would eventually fall deep into the red.

Date: 2020-09-29T03:03:25.000Z
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Yes, A Tax Scandal Can Take Down a Politician - POLITICO

There are thousands of words in the New York Times account of Donald Trump's taxes, and tens of thousands more will be published in the coming weeks.

But it's the first 27 words of the piece that have the potential to inflict a serious wound on the president: "Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750."

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Publisher: POLITICO
Twitter: @politico
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