Jun 29 2016

My Vanity Fair article on Donald Trump

Posted by: Nicholas Shaxson in: Thoughts

It’s called The Great Trump Tax Mysteries: Is He Hiding Loopholes, Errors, or Something More Serious?

It’s been fascinating. I had two interviews with him: each time, he politely ended the interview when I asked him what, precisely, he would do to tackle tax havens.

Not completely sure about the Medusa image, but one can see why they put it there

2 comments so far

Lynn Petrovich 7th July, 2016 10.43 pm

OK I am confused. Read the article. It was my understanding candidates reveal their INDIVIDUAL income tax returns for scrutiny by the public. What this article does is move between form 1040 (individual) and form 1065 (corporate) without identifying each as such. On Donald’s personal income tax return, he would have salary, royalties, gains, losses, etc. Income from the corporate returns would NOT flow to his personal return unless by salary, dividend, bonus, unless they are subchapter S or partnership (which would flow to individual return), but that is totally not made clear in this article. It seems to be apples, oranges, and peaches. Trump’s individual return could have taxable income of less than $500K (reference to the City refund) but from this article it is hard to tell. Did all the gain/loss from the Scottish Limited company (corp? Partnership? What type of fbusines structure?) flow to Trumps PERSONAL return? Hard to tell. I am no Trump fan. But fair is fair.

Ron Thompson 8nd August, 2016 5.52 pm

Great article – more in those 10 pages or so than in D.C. Johnston’s whole (just- published) volume about Trump.
I look forward to reading your book,
Treasure Islands.
ps Would you be interested in something I wrote, The Second American Constitution, in which I suggest America moved from being primarily a Democracy to primarily (unadmittedly) a Plutocracy in the 30 years after the Civil war?

Leave a comment