Employed Personal Tax Records Showing: Fill & Download for Free

Hello!President One-Man Enron On Steroids is gonna be bigly mad today! The NY Times has his taxes and it’s…juicy and exactly what biographers and experts have been claiming for years.As someone who is a self-described billionaire, it’s unknown why Trump only paid $750 in federal income taxes in 2016, but that’s exactly what the documents show.After spending a year in the White House, he also only turned over $750 to the taxman. To make matters worse, Trump hasn’t paid any income tax in 10 of the past 15 years because he claims that he’s losing far more money than he actually makes. I sure hope he at least got his $1200 stimulus check?Just let this sink in. He paid $750 in 2016 and 2017 but we, the taxpayers have so far paid more than $64 million for his trips to Coron-a-Lago! https://www.washingtonpost.com/politics/2019/02/05/trumps-travel-mar-a-lago-alone-likely-cost-taxpayers-more-than-million/For someone who ran as a “successful businessman” who wanted to run the government like a business, it doesn’t seem like the best message. We all know that by now of course. Just look at the national deficit…“The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.”But there’s more, way more…Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.Trump made $427.’ million off “The Apprentice,” according to the records. But he squandered most of that money on…wait for it…golf courses!“Consider the results at his largest golf resort, Trump National Doral, near Miami. Mr. Trump bought the resort for $150 million in 2012; through 2018, his losses have totaled $162.3 million. He has pumped $213 million of fresh cash into Doral, tax records show, and has a $125 million mortgage balance coming due in three years.”“His three courses in Europe — two in Scotland and one in Ireland — have reported a combined $63.6 million in losses. Over all, since 2000, Mr. Trump has reported losses of $315. 6 million at the golf courses that are his prized possessions.His coveted D.C. Trump International Hotel he opened in 2016 is in the hole for $55.5 million through 2018. And Trump Corporation, a real estate services company, has reported losing $134 million since 2000.If you’re waiting for corruption, I can share some with you:Coincidence? I don’t think so… Those lap dances don’t come for free you know…Trump also spent more than $70,000 to style his hair when he was on 'The Apprentice' and wrote it off as a business expense.Sounds reasonable. The shipping and handling alone to fix that dead tabby has got to be $30k!Fun fact: Within the next four years, more than $421 million in loans — obligations for which he is personally responsible and other debts— will come due.Just think of it, $750. While the Tax-Cheat-in-Chief steals from you and kills you. MAGA Nation, you are the dumbest cult in history. If Neanderthals had cults, they were smarter cults than you, since everyone of you red hats from sea to shining sea got conned.The lesson from the NYT Trump tax piece is apparently paying US taxes is just for losers and suckers… And it’s Obama’s fault!@BarackObama who wants to raise all our taxes, only pays 20.5% on $790k salary. http://t.co/bqF26mQf Do as I say not as I do.— Donald J. Trump (@realDonaldTrump) April 13, 2012There’s always a tweet.Now If you’d like to excuse me, I’m going to indulge myself with an easily and absolute finest example of pure, unrefined, most delectable schadenfreude bonbon right now.Toodles!Everything in blockquotes and the screenshot are attributed to: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

The whole question is a red herring. That is, it’s something dreamed up to distract attention from the real issue.It’s true that most rich people employ other people, because generally speaking, you don’t get rich working, you get rich getting other people to,work for you. Or in any case rich people are often those who own their own companies and therefore employ people.But calling the rich “job creators” is usually part of a call for lower tax rates on the rich, and that’s where the distraction comes in. The reason people use this phrase is that they want you to think that if you cut taxes on the rich, they’ll create more jobs and everyone will be better off — or if you raise taxes, they won’t have the money to hire anyone and the poor will suffer too. This is garbage. It may apply to a few jobs, such as nannies or personal drivers, but not to people employed at companies. The number of people a company will employ has absolutely nothing to do with the marginal tax rate of the company’s owner. A company will hire an additional employee if their marginal contribution to the firm is greater than their marginal cost. The owner’s personal tax rate doesn’t enter the equation at all.I remember once when the Republicans were making this ridiculous argument, an AP reporter asked them to find three examples of people who would go on the record and say that they had cut back their hiring because of higher tax rates. They couldn’t find three examples in the entire United States. However, the reporter did find several businessmen who pointed out that the two issues — personal tax rates and corporate hiring — were utterly unrelated.The fact that the Republicans can get away spouting such obvious nonsense just shows how economically ignorant the US press and the US public are. Anyone who has taken an introductory microeconomics course knows this is bullshit.

Before we even consider proving that a startup can pay, it’s important that the startup fall under the definition of a “United States Employer.”Person, firm, corporation, contractor, or other association, or organization in the United States which:- Engages a person to work within the United States.- [Will have] an employer-employee relationship [with the H-1B employee] as indicated by the fact that it may hire, pay, fire, supervise, or otherwise control the work of any such employee; and- Has an IRS tax identification number.So, first and foremost, make sure that the startup meets those qualifications from the USCIS.Yes, the startup would need to prove that it has the financial ability to pay salary during the period of the position. Startups may also use a realistic promise that they’ll be able to access resources in the future that makes them able to do so. Some things that a startup may use include:- Supporting statements and documentation that shows the liquid resources and cash flow of the startup- Supporting statements and documentation that shows the cash flow and income that it anticipates it will have during the period listed in the petitionSome of the supporting documentation may include:- Financial statements- Bank statements- Deeds for real property- Payroll records that show the startup’s current ability to pay- Tax returns- Documentation or terms sheets of angel investing or VC- Projected financial statements- Copies of contracts that show where the business will grow because of the future use of the startup’s goods or servicesWhether you’re the owner or co-owner of the startup or an immigrant looking to work for the startup, it wouldn’t hurt to talk with an experienced immigration attorney. LawTrades is a legal marketplace and we provide a service called Micro that will enable you to ask an experienced immigration attorney about your specific situation for a low flat-rate (usually around $25). You get an answer within 48 hours.