annual income tax rate: Until Donald Trump releases his tax returns -- which he has steadfastly refused to do after first promising he would -- any statements about his net worth, annual income and tax rate are speculative, according to CNN. Still, if we combine what we know about tax loopholes for real estate investors with Trump limited financial disclosures and other publicly available information, it is reasonable to surmise, as does expert and Pulitzer Prize-winner David Cay Johnston, that the presumptive Republican presidential contender is paying very little in federal income taxes. The opinions expressed in this commentary are his. Robert McIntyre We know that Trump has repeatedly received a New York state tax break intended only for families earning less than $500,000 per year. But his attorney has filed appeals claiming the property is only worth $1.4 million. And a CNN investigative piece about Trump and his golf courses demonstrates further that the reality TV star is adept at using legal maneuvers to get unreasonably low real estate valuations, ensuring he pays minimal property tax For example, according to the investigation, he owns a golf course in Westchester, New York , that he claims in FEC statements is worth $50 million.
(news.financializer.com). As
reported in the news.
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