Posted on September 28, 2020 by iwano@_84
President Donald Trump’s taxes are being reported by the New York Times revealing ways in which his daughter Ivanka has been getting millions from her father and avoiding paying the proper amount of tax on it.
The report detailed that Trump has tried to write-off things like family vacations while claiming to be a billionaire with nearly half a billion dollars in debt.
Gift taxes are when a living person gives over $15,000 to a person, and Trump has given Ivanka much more than that. But to get around it, he calls his money to her “contractor fees,” which she declares as “income.” She’s also had nearly $100,000 in fees for her hair and makeup paid by the president for years.
“Mr. Trump has written off as business expenses costs — including fuel and meals — associated with his aircraft, used to shuttle him among his various homes and properties,”