But the story also left some big questions unanswered. How exactly has a self-declared billionaire avoided federal taxation for the better part of this century? Do these records prove that he's poor, or astonishingly good at hiding how rich he is? And what's the deal with all the money he's losing on golf courses?
When I talked with several tax experts recently, including some with direct knowledge of Trump's past tax records, three somewhat overlapping interpretations emerged: incompetence , malfeasance , and criminality . I wrote most of this before the president fell ill. It feels awkward to focus on this now, but on the eve of an election, the American people need to understand the questions swirling around the president's finances.
This may worth something:
Readers respond: Taxes reveal true Trump - oregonlive.com
While confirming long-held suspicions, the reveal about his income taxes was still jaw-dropping in its enormity. And there's truly not much wiggle room out of this – one cannot be a self-proclaimed billionaire success and report hundreds of millions of dollars of losses year after year and not be incompetent, a cheat or both.
The great irony: I cannot count how many times I've heard people speak of "the taxpayers" and "hard-working Americans," tired of supporting "the libs" in our unemployable laziness, freeloading and desire to take and give away "their" money.
IRS Investigating NRA's Wayne LaPierre for Possible Tax Fraud - WSJ
The Internal Revenue Service is investigating longtime National Rifle Association CEO Wayne LaPierre for possible criminal tax fraud related to his personal taxes, according to people familiar with the matter.
Mr. LaPierre was paid $2.2 million by the NRA in 2018, the most recent year available, the nonprofit group's public filings show. His total reported pay from 2014 to 2018 was $11.2 million.
Delafield referendum would increase taxes, save jobs: Officials
City of Delafield residents will vote on a tax levy limit referendum Nov. 3 that will decide whether some city positions are eliminated.
At stake are one police officer position, one public works position and one administrative position.
The city is currently providing more services to more people than 10 years ago, with essentially the same staffing levels, according to an information sheet from the city.
The referendum will ask city voters whether to allow the city to exceed its tax levy limit by a fixed amount of $257,608 each year for the next five years, for a total of nearly $1.3 million.
While you're here, how about this:
Who counts as a dependent on your taxes, and why that matters for a second stimulus check - CNET
If you claimed dependents on your 2019 tax return, you should've received at least $500 in the first round of stimulus checks.
In terms of tax law, a dependent can fall into two categories: a qualifying child or a qualifying relative. They don't need to be children, or to be directly related to you, but they do have to meet certain requirements from the IRS.
Even if a dependent was claimed on your tax return, they may not have been eligible to receive money from the first round of stimulus checks due to the requirements of the CARES Act. However, it's likely that some requirements will change if another bill is passed.
If I didn't file taxes, can I still get state stimulus check? | WLOS
Making These 2 Moves Now Could Ensure an Almost Tax-Free Retirement | Business | kenoshanews.com
For far too many Americans, retirement is filled with financial worries. But with the right moves, you can eliminate one big concern: paying income taxes on most (or even all) of your retirement income.
This doesn't involve fleeing to an offshore tax haven. If you take just two steps now, you could potentially ensure an income-tax-free retirement -- or at least keep your taxes to the minimum.
Illinois retirees file lawsuit over biased ballot language on progressive tax
The lawsuit challenges the language that will appear on the Nov. 3 ballot asking whether voters want to scrap Illinois' constitutional flat tax guarantee – opening the door to a retirement tax.
Chicagoan Don Wojtowicz worked for nearly 50 years in public service in hopes of a decent retirement. But for Don and more than 2 million retirement-age Illinoisans like him, a progressive income tax constitutional amendment up for a vote Nov. 3 threatens that retirement security.
Happening on Twitter
Trump has now made three videos on his own illness, one each the last three days. He has never once mentioned any o… https://t.co/yB667TtCuQ dicktofel (from New York City) Mon Oct 05 01:09:43 +0000 2020
Three North Carolina establishments close to deep clean after Ivanka Trump visit https://t.co/TqFCBm3S6V thedailybeast (from New York, NY) Sun Oct 04 12:20:02 +0000 2020
Trump's insane — INSANE — twitter storm this morning is make the case for his cabinet to invoke the 25th Amendment.… https://t.co/muaOxycfWC waltshaub Mon Oct 05 11:19:19 +0000 2020
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