The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Official White House Photo by Tia Dufour

Reprinted with permission from Alternet

Donald Trump paid just $750 in federal income taxes in 2016, the same year he told his Democratic opponent, Hillary Clinton, during a presidential debate not paying taxes "makes me smart."


The New York Times reported the bombshell news Sunday evening, adding that in 2017 Trump against paid just $750.

"He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made," the Times adds, noting it has obtained the president's tax returns for the past two decades.

Today, Trump's "finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. 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."

The Times suggests Trump appears to be a con man.

"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."

Read the entire report at The New York Times.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Cassidy Hutchinson

YouTube Screenshot

Secret Service agents are coming forward to say that for months after the January 6 insurrection, they heard stories very similar to the account former White House aide Cassidy Hutchinson said she was told by a Trump loyalist and White House aide. The right-wing pro-Trump propaganda machine latched on to parts of her story in which she said she was told the outgoing president lunged at an agent, and “grabbed at” the steering wheel of the presidential limo, which on January 6 was an SUV.

Trump “angrily demanded to go to the US Capitol on January 6, 2021, and berated his protective detail when he didn’t get his way,” CNN reports, citing “two Secret Service sources who say they heard about the incident from multiple agents, including the driver of the presidential SUV where it occurred.”

Keep reading... Show less

Speaker Nancy Pelosi

This week, Speaker of the House Nancy Pelosi just flouted an order of the Catholic Church by receiving communion from a priest in Vatican City. Last month, the archbishop of the San Francisco Archdiocese put Pelosi on the “do not serve” list when he informed her that “should [she] not publicly repudiate [her] advocacy for abortion ‘rights’” he would declare that she cannot partake in the sacrament of Holy Communion.

Since then, other bishops have voiced their support for that decision. "The church clearly teaches that abortion is a grave evil, and that public advocacy for — and support of — abortion is, objectively speaking, such a manifest grave sin," Portland, Oregon Archbishop Alexander Sample posted on Facebook.

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}