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Trump tax revelations spark outrage among some, but supporters defend president

Published 09/28/2020, 03:59 PM
Updated 09/28/2020, 05:00 PM
© Reuters. U.S. President Trump speaks about coronavirus testing plan in the Rose Garden at the White House in Washington

By Michelle Price and Tim Reid

WASHINGTON (Reuters) - A report that Donald Trump paid little or no federal income tax in recent years sparked broad outrage on Monday, from rich Democrats to teachers and coffee shop workers taking to social media to claim they had paid more taxes than the U.S. president.

The #IPaidMoreTaxesThanDonaldTrump hashtag began trending on Monday, while Democratic rival Joe Biden's election campaign seized on the backlash, launching merchandise with the words: 'I Paid More In Taxes Than Donald Trump.'

"It's not fair. If I had to pay taxes, why shouldn't everybody else?" said Reginald Tyson, a retired army veteran, speaking outside the Lincoln Memorial in Washington.

Tom Steyer, a billionaire environmentalist and a fierce critic of the president, took to Twitter to castigate Trump over his taxes and called for voters to kick him out office on Nov. 3. "In 2017, I paid $32 million more in federal taxes than Donald Trump," he added.

Trump defended his record on Monday after the New York Times reported he had paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises.

In a series of Twitter posts, the Republican president said he had paid "many millions of dollars in taxes" and that he had many more assets than debt. He did not provide evidence or promise to release any financial statements before the Nov. 3 presidential election.

It is unclear whether the events will affect how Americans vote. Trump's Twitter posts received tens of thousands of 'likes', as his supporters spoke out in his defense.

George Callas, managing director at law firm Steptoe LLP and former Republican tax counsel in the U.S. House of Representatives, criticized in a tweet the leaking of confidential tax information and defended the tax system, while acknowledging some wealthy people avoid paying much, if any, tax.

"There is nothing inherently 'unfair' about using losses to offset income. In fact, it's a critical piece of measuring someone's actual income over time," he wrote in a follow-up email to Reuters. "The question is whether those losses are real economic losses or just paper losses generated for tax purposes. And that can be very difficult to tease out."

Polly Hartsook, 68, who runs a farm with her husband in Ringgold County, Iowa, said the tax system was written to help "job creators."

"My guess is Donald Trump didn't prepare his tax returns, his tax preparers did it," said Hartsook, who said she voted for Trump in 2016 and will do so again. "Rather than give his money to the Treasury, Trump reinvests his money in things that provide jobs."

For others, the idea that the real estate mogul had paid so little in taxes touched a nerve.

Amy Grandinetti, 48, a nurse from Columbus, Ohio, who said she was backing Biden in November, described Trump's tax avoidance as "insane."

"This should give serious pause to the average American," she said.

© Reuters. U.S. President Trump speaks about coronavirus testing plan in the Rose Garden at the White House in Washington

Connor Madan, 23, from Washington, likewise balked at Trump's reported taxes, adding: "I feel like I pay more taxes than the president has. He's supposed to be setting the example for everyone."

Latest comments

Why would everyone interested in a Businessman's tax returns, as with every Businessman, Donald Trump would have used Tax Code to his advantage. Ask him for Tax returns after he became Politician.And ask all Politicians to reveal their tax returns after they become politicians. Sure, you will get to know how they minted their riches.
They need to remove the loop holes from the tax code. Bloomberg, Pelosi, and every other millionare and billionare are doing the same thing. This is not a Republican or Democrat issue. Just another article by Reuters to help Biden!
this article didnt report the precise fact that for 10 out of 15 years trump did not pay any federal income tax at all ... nothing! absolutely zero!
Trump and his supporters lash out at Bezo for not paying taxes
one sided Reuters..... fake news as usual... move on...
Who in their right mind pay more taxes than they have to? Seriously. Who?
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