https://u-s-history.com/pages/h1871.html I wonder how the Supreme Court would rule on this current issue in a few months. Were the Pentagon Papers about someone's, private, personal information?
The Trump spokespeople keep using the term "personal taxes" -- which means the employer's share of Social Security, Medicare, etc. of people who work for him. For the most part he has not paid income taxes according to the New York Times From the NYT article: “Over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015,” Mr. Garten said in a statement. With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Mr. Garten also asserted that some of what the president owed was “paid with tax credits,” a misleading characterization of credits, which reduce a business owner’s income-tax bill as a reward for various activities, like historic preservation.
Minimum Wage Workers Paid More In Payroll Taxes Than Trump Paid In Income Tax in 201 https://www.politicususa.com/2020/09/27/minimum-wage-workers-trump-payroll-tax.html
What a man. It looks like Trump did not feel any shame to pay only $750 in 2017 , the year AFTER he became the President. Wonder if he would call us who paid more tax "losers"
This is untrue for federal income tax. $7.25 per hour for 40 hours each of 52 weeks == $15,080. And this would result in a $468 federal income tax if single (and $422 credit if married and filing jointly like Trump). Of course, the source of the claim, Matthew Ryan Best, is a Democrat, not a mathematician. https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm https://www.mortgagecalculator.org/calcs/2017-1040-ez-calculator.php
Emperor Has No Clothes, Fuck All Money In The Bank A BOMBSHELL report from the New York Times on US president Donald Trump’s tax returns and financial affairs has sent shockwaves throughout the country in which he paid just $750 in federal income tax in 2016 and 2017, WWN can reveal. “Oh what? Not our Honest Don? We’re shocked,” said the American people upon learning Trump is now financially bankrupt as well as morally bankrupt, before fainting like a Victorian woman tightly knotted into a corset from mock shock. Trump, last seen desperately pleading with a homeless man for spare change, has denied the reports which also state he is personally liable for $421 million in loans that will be due in the next few years and whose source could be the Russia mob but it’s not like that is something foreign governments could use as leverage. Among the revelations was the discovery that nine Trump entities paid nearly $100,000 to Ivanka Trump’s hair and make up artist, an expense written off as ‘business costs’, which helped contribute to a reduction of Trump’s tax bill. “Haha, entitties,” responded the small portion of undecided American voters that could sway the election in favour of Biden after reading yet more reports of Trump’s flagrant disregard for decency. The $70,000 spent on Trump’s own hair was written off as a ‘robbing an idiot blind’ expense. While die hard Trump supporters have no idea how Trump paying absolutely no income tax in 10 of the last 15 years makes America great again, they remain sure he can explain it all. “Sure his charitable foundation, university and Vietnam deferments were all frauds but I’m sure this is different,” confirmed one deeply Christian supporter of a man who paid a porn star over $120,000 more than he paid in federal income tax. Elsewhere, people are bracing themselves for whatever bit of racism, incitement to violence or light treason Trump will invoke to take the focus off his tax returns.
Payroll taxes consist of Social Security and Medicare taxes. Social Security tax funds benefits for retirement, dependents of retired workers, and the disabled and their dependents. Medicare tax funds medical benefits for people once they reach age 65. Together, these taxes are called FICA (Federal Insurance Contributions Act) tax. https://www.patriotsoftware.com/blog/payroll/what-are-payroll-taxes/ Social Security tax is a flat rate of 12.4% and only applies to the first $137,700 an employee earns in 2020. The 2019 wage base was $132,900. The tax is equally divided between you and the employee. You will pay 6.2% of Social Security tax. You will also withhold 6.2% of the employee’s wages. Medicare tax is 2.9%. Once again, Medicare tax is equally paid by you and your employee. You will pay 1.45% and withhold 1.45% from your employee’s wages. There is not a cap on wages subject to Medicare tax. An employee will owe an additional Medicare tax of 0.9% on wages more than $250,000 if married filing jointly, $125,000 if married filing separate, or $200,000 for everyone else. On a yearly pay of $15,080 an employee would pay 7.65% in payroll taxes for a total of $1,153.62 It pays to know the difference between income taxes and payroll taxes.