His being the ultra-successful businessman Funny Chillin With My Cat Snowmies Christmas Shirt has been the con that he’s made his name on for decades now and now it’s revealed as the lie that it is. Lives in got housing. Takes money from the government for doing nothing. Doesn’t pay taxes. Decorates everything he has with gold foil and tacky bullshit while having awful taste in… Everything. Has multiple children from multiple partners, which he doesn’t take care of. This goes far beyond the whole “wealthy people don’t pay their taxes” angle. I’m an accountant and I have a few very wealthy clients.
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They all pay a ton in taxes. Why? Well, they make a ton of money. Does being super-wealthy help reduce tax liability? Absolutely. But that only reduces how much Funny Chillin With My Cat Snowmies Christmas Shirts they pay, it doesn’t get them anywhere near $750 in taxes. Regardless of how this story is spun, this is a bombshell. There are only two ways that someone that’s wealthy paid that little in taxes. They either came up with a ridiculous amount of illegitimate deductions and losses, which would likely be tax fraud, or they lost so much money that they legitimately reduced the tax liability to $750, which would make them a horrible business person. Neither of those scenarios looks good. The other side of this is what Trump was showing the banks in order to get loans.