The New York Times recently shared a blockbuster story in which it revealed that President Trump paid only $750 in taxes in 2016 and 2017 and he didn’t pay any for 10 of the 15 years before he entered the White House.
According to Forbes, though, Trump is worth more than $2.5 billion, so these low figures are rather shocking.
The article says that his portfolio, which includes golf properties, commercial buildings, and branding businesses, is worth an estimated $3.66 billion before debt, which comes to around $2.5 billion.
The $750 he paid in taxes is what a single adult with no children would pay if they earned $17.900 in 2017.
The tax payments the President made provide even further evidence of his duplicitous business dealings, and proves that the system treats billionaires differently than working people. To him, though, this is an indicator of his intelligence.
— Maya Harris (@mayaharris_) September 28, 2020
How much more did you pay in taxes than President Trump?
— Joe Biden (@JoeBiden) September 28, 2020
Rep. Alexandria Ocasio-Cortez tweeted on Sunday that Trump contributed less to funding our communities than waitresses and undocumented immigrants, and that it proves that Trump has never cared for our country more than he cares for himself.
The news about Trump’s taxes inspired thousands of Americans to follow her example and shared the amount they pay in taxes and how hard they earn their money.
As an undocumented immigrant, I can now say that I’ve paid more in taxes than the President. According to NYT, @realDonaldTrump paid only “$750 in federal income taxes the year he won the presidency.”
— Rodrigo P. Pimentel (@rdrigopimentel) September 27, 2020
I am a 16-year-old part-time minimum wage worker and I pay more income taxes than the billionaire President of the United States
— Calla (@CallaWalsh) September 27, 2020
How many folks out there have paid more taxes than the President of the United States of America?
— BrooklynDad_Defiant! (@mmpadellan) September 28, 2020
I paid more income taxes bussing fucking tables at TGIF’s in Harrisburg PA than the president of the United States who claims to be a billionaire.
— steven pasquale (@StevePasquale) September 28, 2020
I am 9 years old.
I have paid more taxes than Donald Trump. pic.twitter.com/EwlsCz3oXs
— Havana Chapman-Edwards (@TheTinyDiplomat) September 28, 2020