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$70,000 on hairstyling – Donald Trump’s taxes in numbers

The shocking claim that Donald Trump paid only $750 in federal taxes has dominated headlines after a New York Times report into his financial affairs, but it is far from the only surprising sum exposed by the documents. Here are some of the key figures:

  • $750 – federal tax Trump paid in 2016, when he won the presidency.
  • $750 – federal tax Trump paid the following year.
  • Zero – federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.
  • $100,000 a year – by comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush
  • $70,000 – paid to style Trump’s hair for television, claimed as expenses.
  • $95,464 – the total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.
  • $210,000 – the amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club.
  • $26m – “consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump.
  • $434m – what Trump declared his earnings to be in the 2018 presidential public annual financial disclosure.
  • $47.4m in losses – what he had declared to the Inland Revenue Service (IRS) for tax purposes over the same period.
  • $421m – outstanding loans that Trump owes, most of which becomes due within the next four years.
  • $73m – revenue generated from outside the US, presenting a potential conflict of interest with US foreign policy.
  • $13m – earned in one licensing deal for Trump Towers in Istanbul, including $1m since he became president.
  • $72.9m – the tax refund Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal tax he had paid between 2005 and 2008.
  • $1.4m – the annual average amount of federal tax paid by Trump between 2000 and 2017. It compares with the $25m in federal income taxes the average American with similar declared earnings could expect to pay.
  • $100m – the amount Trump could now have to pay back to the IRS, including penalties, if it finds against him in the audit.
  • $315m – the sum reported “lost” by Trump’s golf courses since 2000.
  • “Tens of millions of dollars” – what Alan Garten, a lawyer for the Trump Organization, claims the president has paid in personal taxes since 2015.
  • More than 500 – the number of individual companies, many bearing the Trump name, that make up the nebulous corporate network generally referred to as the Trump Organization.

Source|The Guardian

70K for styling his hair??? That’s how much most middle-class Americans earn in a year !

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