I want everyone to get this in their head. Trump has a personal income from the US for being president at $400,000 a year. Trump repeatedly talks about donating this every single year.
The MAXIMUM tax deduction allowed by the IRS for charitable is 60% of your income. Even using this to reduce his taxable income to $160,000 comes to $35,200 a year in taxes due. With probably a few more minor breaks available.
Can anyone who knows their shit show me how someone can wipe a full $400,000 a year income into $750?
This exercise is completely ignoring everything else of trumps businesses. This is about his personal income alone.
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