Trump's Tax Revelations - Hardly a Surprise

Monday 28 September, 2020 Written by 
Trump's Tax Revelations - Hardly a Surprise

TAXES - Donald Trump paid just $750 (£580) in federal income tax both in 2016, the year he ran for the US presidency, and in his first year in the White House, the New York Times says.

The newspaper - which says it obtained tax records for Mr Trump and his companies over two decades - also says that he paid no income taxes at all in 10 of the previous 15 years.

The records reveal "chronic losses and years of tax avoidance", it says.

Mr Trump called the report "fake news". 

Mandy Rice Davies

Image: Mandy Rice-Davies.

ABC Note: "Well he would say that, wouldn't he' is the often misquoted line from Mandy Rice Davis. Mandy Rice-Davies, was a Welsh-born model and showgirl best known for her association with Christine Keeler and her role in the Profumo affair, which discredited the Conservative government of British Prime Minister Harold Macmillan in 1963.

So how much does the average UK worker pay in tax? 

An average worker pays £11,000 a year in tax to the Government - around £30 a day. Indirect taxes, which include VAT, council tax and other duties, account for nearly £5,000 of this, equating to 56p an hour.

You can use this excellent salary calculator. PLEASE click on the link below:

Salary Calculator

 

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