Trump Didn’t Avoid Taxes, He Prepaid Them

I was wondering about the taxes thing… so glad this clarification showed up.

Contrary to the false impression in The New York Times story, Donald Trump did not avoid taxes.

He pre-paid them.

In 2016 and 2017, he requested and got an extension to file his returns.

As required, he made an estimated tax payment of $1 million in 2016 and $4.2 million in 2017. Then, it turned out that he did not owe that much in taxes, but, rather than demand the money back, he let the IRS keep it and apply it to any future tax he owed.

So — when he only paid $750 in taxes for the first two years of his presidency it was because he had already overpaid during the two previous years and just reduced his payment by that amount.

Over the longer term, Trump overpaid his taxes by $72 million…

Read more at https://www.newsmax.com/morris/refund-withheld-paychecks/2020/09/28/id/989227/

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