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September 29, 2020 "Why Do Some Rich People Pay No Income Taxes? And How Much Does the Average American Actually Pay?"
by Julia Glum The explosive New York Times report that President Donald Trump didn’t pay income taxes in 10 of the 15 years before winning the election has left Americans scratching their heads. How could a self-proclaimed billionaire with such a wide-ranging empire pay only $750 in taxes his first year in the White House? How did he write off $70,000 for his hair? The confusion is understandable.
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By MONEYby Julia Glum The explosive New York Times report that President Donald Trump didn’t pay income taxes in 10 of the 15 years before winning the election has left Americans scratching their heads. How could a self-proclaimed billionaire with such a wide-ranging empire pay only $750 in taxes his first year in the White House? How did he write off $70,000 for his hair? The confusion is understandable.