The Mariachi's Hat Blog
Thursday, June 30, 2022
  • Home
  • Top News
  • World
  • Entertainment
No Result
View All Result
  • Home
  • Top News
  • World
  • Entertainment
No Result
View All Result
The Mariachi's Hat Blog
No Result
View All Result
Home Top News

Prior To Elections Donald Trump Involved In Tax Controversy

Aishwarya Murlidhar by Aishwarya Murlidhar
September 29, 2020
in Top News
0
Prior To Elections Donald Trump Involved In Tax Controversy

President Trump has been accused of not paying taxes since the past two decades.

Recently, a report from the New York Times went on to reveal that President Donald Trump has been avoiding paying taxes. He has not paid taxes for the past two decades and has been very secretive regarding his income and tax statements. Trump has always reported that his losses have been more than his gains. This report will surely affect the results of the upcoming election. On Sunday, the report stated that the president has paid only $750 in 2016 and 2017. Prior to that, he has never paid any taxes.

Statistics state that half of America’s population does not pay tax as they have low incomes. Internal Revenue Services has started its investigation and has stated that an average citizen pays around 16 times more than what the president pays. Many consultancies are saying that Trump might lose all his finances and will be losing more than hundreds of millions. He is also having an ongoing battle with the Internal Revenue Service where he has claimed a refund of $72.9 million.

RELATED POSTS

Netflix’s upcoming Action Movie “The Gray Man” Officially Commence Filming.

John Cena Talks About F9; Says The Upcoming Film Is Worth Returning To Cinema House.

Prior To Elections Donald Trump Involved In Tax Controversy
Alan Garten, President Donald Trump’s lawyer.

How has President Donald Trump justified the hiding of taxes?

Trump has always tried his best to keep his finances private. He has always shown his business not doing well and going in loss. He has also told the citizens that he employs more people which is why he pays a lesser amount. His data shows all his strategies and decisions as a president were to get his business blooming. Now, this is a direct conflict of interest as a Businessman and President. No reports state the actual amount of wealth owned by the president. Also, his connections with Russia have not been justified. Alan Garten, Trump’s lawyer has come out publicly to say that most of the facts mentioned in the report are not accurate. Times have rejected to protect their source not giving out the documents. Garten said that Trump has paid more than millions of dollars to the Federal government calling it as personal taxes.

Prior To Elections Donald Trump Involved In Tax Controversy
Nancy Pelosi said that the tax controversy around Trump is of national concern.

What did Nancy Pelosi say about the tax controversy?

Nancy Pelosi, the top-ranked Democratic and the Speaker of the House of Representatives called Trump’s action a national security concern. She is questioning the $400 million debt that Trump owns is to whom. She has been saying that other countries might have leverage over the US which is the reason for such a huge debt. No information regarding the lenders to whom the president of the country owes debt is quite terrifying. Questions have also been raised that Vladimir Putin, the President of Russia has some kind of personal or financial leverage against Trump. To this, Trump replied saying that the media house has been spreading fake accusations by obtaining all kinds of information illegally. This is done only to bring down his campaign. Since the 1990s, this is the first time a president has not made his tax returns public which surely is dishonest and something to be questioned.

Aishwarya Murlidhar

Aishwarya Murlidhar

Aishwarya has a major in marketing and engineering and is the lead editor for the site. She covers all day-to-day news along with in-depth coverage of the entertainment industry. You can reach out to her at [email protected]

Next Post
Netflix Released The Trailer For Dream Home Makeover

Netflix Released The Trailer For Dream Home Makeover

Will The Haunting Of Bly Manor Be Similar To The Haunting Of Hill House?

Will The Haunting Of Bly Manor Be Similar To The Haunting Of Hill House?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Featured Posts

  • Netflix’s upcoming Action Movie “The Gray Man” Officially Commence Filming.
  • John Cena Talks About F9; Says The Upcoming Film Is Worth Returning To Cinema House.
  • Google Has Bought FitBit For $2.1 Billion But The Department Of Justice Continues With The Antitrust Investigation
  • The Witcher: Blood Origin Might Set Up A Pre-Conjuction World
  • Following Rich Asian-Americans Is The Reality Show ‘Bling Empire’ Similar To ‘Crazy Rich Asians’
  • About Us
  • Contact Form
  • DMCA
  • Privacy Policy

© 2020 Copyright Serenata Mariachi Blog - All Rights Reserved

No Result
View All Result
  • Home
  • Top News
  • World
  • Entertainment

© 2020 Copyright Serenata Mariachi Blog - All Rights Reserved