With the term “personal taxes,” however, Garten appears to be conflating income taxes with other federal taxes Trump has paid — Social Security, Medicare and taxes for his household employees. A Map of the EmpireThe contents of thousands of personal and business tax records fill in financial details that have been withheld for years. Trump’s avoidance of income taxes is one of the most striking discoveries in his tax returns, especially given the vast wash of income itemised elsewhere in those filings. Throughout his career, Trump’s business losses have often accumulated in sums larger than could be used to reduce taxes on other income in a single year. When they got to line 56, the one for income taxes due, the amount was the same each year: $750.

Source: bd News24 September 28, 2020 04:07 UTC