A New York Times exposé has revealed President Donald Trump’s almost two decades of tax returns and paints a damning picture of corruption, fraud, and tax dodging. But one detail has the internet buzzing for obvious reason.
Trump wrote off over $70,000 in expenses for hair styling.
In the 10,000 word piece, Trump used every trick in the book to avoid paying his fair share of taxes. In both 2016 and 2017, he only paid $750. In 10 of the previous 15 years, he paid no taxes at all. While he reported millions of dollars in income, he claimed massive losses at his businesses to lower his tax burden.
Trump reported losing over $300 million on golf courses alone. The documents do not include 2018 or 2019’s returns.
He also used questionable business expenses to aggressively lower his reported profits, including listing a New York property used as a family retreat as an investment property to avoid millions in taxes.
Trump’s hairstyling costs were listed as an expense related to The Apprentice reality show.
Trump’s famous feud with the IRS and financial audit revolves around a nearly $73 million tax refund he claimed. He would be on the hook for over $100 million to the government if he loses the audit.
Trump’s Massive Hairstyling Bill Revealed In NYT Bombshell Tax Report
— Jon Cooper 🇺🇸 (@joncoopertweets) September 28, 2020
That's $191.78 per day for his hair – the COVID19 Relief Aid was less than the cost of a week of 45 getting his hair done.
— Jenn Burrill (@JennBurrill) September 28, 2020
— The Olson Brothers Band (@OlsonBand) September 28, 2020