He lives in government housing, has five children from three different women, has refuted several sexual assault allegations and doesn’t pay taxes.
Moreover, the individual noted above isn’t your ordinary deadbeat. He’s the president of the United States of America and, by all accounts, history will show Donald J. Trump among the most unhinged leaders of the free world.
“This president appears to have over $400 million in debt,” House Speaker Nancy Pelosi (D-Calif.) said during a nationally televised interview on NBC.
Pelosi questioned whether Trump’s debt included sums of money owed to foreign governments and if it meant that those regimes were leveraging America’s commander in chief.
“So for me, this is a national security question,” Pelosi said. “The fact that you could have a sitting president who owes hundreds of millions of dollars that he’s personally guaranteed to lenders and we don’t know who these lenders are … what does [Russian President Vladimir] Putin have on the president politically? Personally? Financially?”
Some Americans assert that Trump sits in office, in part, because of Russian interference with the 2016 election and Democrats and others have sought to prevent a recurrence this year.
On Sunday, Sept. 27, the New York Times released a bombshell report in which the newspaper noted it had obtained Trump and his companies’ tax records for the past two decades.
Trump had repeatedly declined to release those records and, since 2016, has claimed that he’d been under audit by the IRS.
The Times’ story highlighted that Trump paid no income taxes at all in 10 of the previous 15 years, with a paltry $750 paid in 2016 and 2017 – sums tax analysts say are usually attached to someone making about $18,000 per year.
The report revealed that Trump is personally responsible for more than $300 million in loans, all of which must be paid over the next four years. The filings show the president’s businesses including his golf courses and hotels losing millions of dollars every year.
Perhaps more significant, the returns revealed that some of Trump’s businesses had received money from unspecified foreign officials and lobbyists who sought access to or favor from the president.
The tax documents suggest Trump earned $73 million from overseas parties or ventures during his first two years as president. It also showed tax write-offs that included nearly $750,000 in 2017 paid to his daughter, Ivanka Trump, for consulting fees and another $70,000 for Trump’s hair-styling expenses.
“Fake news,” Trump deadpanned when confronted with the information by reporters.
“It’s other nonsense with illegally obtained information and only bad intent,” he tweeted, adding that he “paid many millions of dollars in taxes.”
The federal Bureau of Labor Statistics noted that the average American household that earned the median income of $78,635 in 2018 paid about $9,300 in income taxes.
The U.S. pays its president $400,000 annually but Trump’s financial statements claim that in 2018, he raked in about $435 million. However, the Times report disputed that figure, noting that tax records show he lost $47.4 million.
“Donald Trump is a liar, a cheater and a crooked businessman, yes,” tweeted Sen. Elizabeth Warren (D-Mass.). “But he’s also taking advantage of a broken, corrupt and unequal system that’s built for people like him to do what he did.”
“Unhinged” serves as a continuing series developed by The Washington Informer which seeks to chronicle the unpredictable and sometimes questionable behavior of Donald Trump, including potential instances of race-baiting, while providing closer scrutiny of multiple examples of the president’s statements or positions, proven to be false or unfounded, that have marked his presidency.