If indeed it’s true that Donald Trump declared a $916 million business loss in 1995 and has carried that loss forward over the past two decades as a way to avoid paying any income taxes, then American voters have now been shown the ultimate example of corporate welfare. Based on what the GOP loves to say, those who are on food stamps are moochers, but billionaire predatory capitalists are good businessmen when they don’t pay their fair share. Good luck trying to decipher the logic in that.
But Trump and the Republican Party’s hypocrisy reaches new heights when you consider that while the Orange Menace and his Congressional allies whine about undocumented workers in the United States and the need for a wall on the border with Mexico, it just so turns out that those same undocumented immigrants are paying more in taxes than the GOP nominee.
A 2016 study conducted by the Institute on Taxation & Economic Policy says that those who are in the U.S. illegally pay around $1.1 billion in personal income taxes each and every year. As the study notes:
“Various studies have estimated between 50 and 75 percent of undocumented immigrants currently pay personal income taxes using either false social security (SSN) or individual tax identification (ITIN) numbers … Undocumented immigrants are currently ineligible to receive the federal Earned Income Tax Credit (EITC) and state versions of the credit because they lack the legal authority to work in the U.S. Accordingly, the impact of state EITCs has been removed from the current personal income tax estimates. This has the effect of increasing the effective income tax rates paid by these undocumented taxpayers under current law.”
So here we have a man who says all undocumented people must be deported and a wall constructed, yet they pay more in taxes than he ever has or ever will. But we’re all supposed to think this proves what a great businessman Trump is? Clearly, he’s a freeloader who is doing everything he can to avoid contributing anything to society except hatred and lies.