Donald Trump: President’s Real Tax Returns Exposed
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Photo credit: Getty/Files
MSNBC host Rachel Maddow suffered national humiliation after an attempt to showcase Donald Trump's tax returns — bombing big-time in a disaster compared to Geraldo Rivera's embarrassment when opening Al Capone's empty vault! The hapless pundit has been blasted from both the Left and the Right after a preening disaster where she dug up Trump's tax returns from 2005, only to reveal that the billionaire businessman had paid out higher tax rates than plenty of Democrats! Rachel also left Hillary Clinton looking like a liar after the candidate's claims in the 2016 campaign that Trump didn't pay taxes. But The National ENQUIRER has even more hidden documents that reveal President Trump's real IRS secrets!
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Photo credit: Getty/Files
Investigators for The ENQUIRER scoured business filings, disclosure forms and other detailed financial documents for a shocking look into the financial history of the wealthiest man to run for president in American history. The documents included Trump's federal income tax forms from the 1970s, when the future mogul was just beginning his reign as New York's City's biggest name in real estate. That includes the revelation that the future billionaire had an average annual income of $140,314 from 1975 to 1977 — translating into an annual $557,674 in 2016 dollars.
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Photo credit: Getty Images
The ENQUIRER investigation found Trump paying an average of $23,977 in federal taxes each year during this period. That average rate of roughly 17% translates into $95,296 in 2016 dollars — and, even then, had Trump paying a higher tax rate than Democratic darling Bernie Sanders in 2014. Subsequent years revealed Trump making a reported tax contribution of zero. According to renowned celebrity accountant Paul Bolan, however, that’s well within his rights as a real estate tycoon.
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Photo credit: Getty/Files
Trump isn't getting off scot-free, though. The ENQUIRER reviewed Trump’s New York City property tax bills for 2016, showing he shells out tens of thousands per year in property taxes on his penthouse condo at Trump Tower. According to one bill issued in June, the 2016 assessment on the Manhattan penthouse, which is worth a whopping $5.2 million, was $193,222. Trump’s reach also extends far beyond the Big Apple, with multimillion-dollar business dealings in Turkey, Panama, Dubai, Scotland, India, Azerbaijan and more.
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Photo credit: Getty/Files
In Scotland, corporate filings obtained by The ENQUIRER offer a glimpse into his global empire. The famed Turnberry golf course, for example, was bleeding cash before Trump came on board. In 2013, the course reported an $8.3 million loss for the year. Trump assumed ownership in mid-2014, and — despite an investment of $1.4 million to renovate the property — the reported loss for the year was only $1.3 million. The total amount of annual debt also nosedived from a whopping $42.8 million in 2013 to $649,000 under Trump’s leadership.
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Photo credit: Getty/Files
In the financial disclosure form that Trump released earlier this year, the Turnberry course is now valued at over $50 million. That same form revealed Trump’s golf courses brought in a staggering total of $382 million from January 2015 through mid-May 2016. And while his total income during that period was reported to be nearly double that at $611 million, he also submitted a list of assets worth more than $1.4 billion.
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Photo credit: Getty/Files
Several of his crown jewels — the Turnberry links, Trump International Hotels Management LLC, and his commercial real estate firm, Fifty-Seventh Street Associates — are valued at over $50 million each. In total, that's left Trump reporting a net worth soaring past $10 billion! CPA Bolan told The ENQUIRER that Trump’s financial documents reflect a thorough understanding of tax law and the ability to make savvy decisions for business growth. Said Bolan: “He’s doing a great job. I’m sure he can pay for the best accountants in New York, and they are right on the mark!”
MSNBC host Rachel Maddow suffered national humiliation after an attempt to showcase Donald Trump's tax returns — bombing big-time in a disaster compared to Geraldo Rivera's embarrassment when opening Al Capone's empty vault! The hapless pundit has been blasted from both the Left and the Right after a preening disaster where she dug up Trump's tax returns from 2005, only to reveal that the billionaire businessman had paid out higher tax rates than plenty of Democrats! Rachel also left Hillary Clinton looking like a liar after the candidate's claims in the 2016 campaign that Trump didn't pay taxes. But The National ENQUIRER has even more hidden documents that reveal President Trump's real IRS secrets!
Photo credit: Getty/Files
Investigators for The ENQUIRER scoured business filings, disclosure forms and other detailed financial documents for a shocking look into the financial history of the wealthiest man to run for president in American history. The documents included Trump's federal income tax forms from the 1970s, when the future mogul was just beginning his reign as New York's City's biggest name in real estate. That includes the revelation that the future billionaire had an average annual income of $140,314 from 1975 to 1977 — translating into an annual $557,674 in 2016 dollars.
Photo credit: Getty/Files
The ENQUIRER investigation found Trump paying an average of $23,977 in federal taxes each year during this period. That average rate of roughly 17% translates into $95,296 in 2016 dollars — and, even then, had Trump paying a higher tax rate than Democratic darling Bernie Sanders in 2014. Subsequent years revealed Trump making a reported tax contribution of zero. According to renowned celebrity accountant Paul Bolan, however, that’s well within his rights as a real estate tycoon.
Photo credit: Getty Images
Trump isn't getting off scot-free, though. The ENQUIRER reviewed Trump’s New York City property tax bills for 2016, showing he shells out tens of thousands per year in property taxes on his penthouse condo at Trump Tower. According to one bill issued in June, the 2016 assessment on the Manhattan penthouse, which is worth a whopping $5.2 million, was $193,222. Trump’s reach also extends far beyond the Big Apple, with multimillion-dollar business dealings in Turkey, Panama, Dubai, Scotland, India, Azerbaijan and more.
Photo credit: Getty/Files
In Scotland, corporate filings obtained by The ENQUIRER offer a glimpse into his global empire. The famed Turnberry golf course, for example, was bleeding cash before Trump came on board. In 2013, the course reported an $8.3 million loss for the year. Trump assumed ownership in mid-2014, and — despite an investment of $1.4 million to renovate the property — the reported loss for the year was only $1.3 million. The total amount of annual debt also nosedived from a whopping $42.8 million in 2013 to $649,000 under Trump’s leadership.
Photo credit: Getty/Files
In the financial disclosure form that Trump released earlier this year, the Turnberry course is now valued at over $50 million. That same form revealed Trump’s golf courses brought in a staggering total of $382 million from January 2015 through mid-May 2016. And while his total income during that period was reported to be nearly double that at $611 million, he also submitted a list of assets worth more than $1.4 billion.
Photo credit: Getty/Files
Several of his crown jewels — the Turnberry links, Trump International Hotels Management LLC, and his commercial real estate firm, Fifty-Seventh Street Associates — are valued at over $50 million each. In total, that's left Trump reporting a net worth soaring past $10 billion! CPA Bolan told The ENQUIRER that Trump’s financial documents reflect a thorough understanding of tax law and the ability to make savvy decisions for business growth. Said Bolan: “He’s doing a great job. I’m sure he can pay for the best accountants in New York, and they are right on the mark!”
Photo credit: Getty/Files
