News Article Assignment
It has been a decades-long tradition for presidential nominees to release their tax information to the public. Donald Trump, the Republican presidential nominee, has refused to release his tax returns, claiming that he cannot do so until the IRS audit is complete and that voters would not get much information from it anyways. Trump acknowledged in a debate on October 9, 2016 that he had used a $916 million loss in 1995 to avoid federal income taxes. He claimed that Warren Buffett, the chairman of Berkshire Hathaway Inc., used similar tax avoidance strategies.
In response, Buffett released his own personal tax information, citing figures such as $1.85 million paid in federal income taxes in 2015. Most of Buffett’s wealth
The mournful CNN anchor apparently did what the sitting President of the United States hasn't or -- as some critics predict -- won't.
If any common ground exists between Hillary Clinton and Donald Trump, it is on the subject of carried interest taxation. Both regard the favorable tax treatment received by private and hedge fund general partners on carried interest to be grossly unfair.
The Controversial news topic I have chosen is the speech in which Donald Trump made horrible remarks about the Mexican people and how he disrespected every Mexican person in America. Donald Trump first launched his campaign in Spanish in which he tried to gain Spanish supporters but in a following speech he blatantly changed course and insulted Mexicans when he said that Mexico has many problems and they are bringing it to the United States. He later went on to say that they are bringing drugs ,crime and rapists , This statement put the famous business man in hot water and made many people angry including the Latino Community , average Americans and even his fellow republican candidates. Many had claimed that trumps need for attention went
On August 6, 2015, SeaWorld in Orlando, Florida attendance has fallen by 2 percent the last quarter. The attendance keeps falling because animal activists are protesting against the way SeaWorld treats their whales. However, soon it will increase due to the creation of new rides (Associated Press, 2015). In July, 2015 the (FEC) released Donald Trump’s financial disclosure form and still who really knows what his net worth is. FEC forms were not made to handle the amount of wealth Trump has (Moneytips.com, 2015).
Donald Trump is the chairman of The Trump Organization and a Presidential Candidate for the Republican Party. His ways of expressing himself and his goals have caused a big uproar amongst citizens. Trump’s remark about Mexicans made him one of the most hated presidential candidate amongst Hispanic communities. Apart from wanting to strengthen our immigration laws, Trump also wants to implement a new tax reform. According to Trump, this reform will provide tax relief for American families, grow our economy and make preparing taxes easier. One of his plans is to eliminate the marriage penalty, the Alternative Minimum Tax and the death tax. He, however, wants to keep the charitable giving deductions. His tax plan will not make single individuals, who earn less than $25,000 or married and together earn less than $50,000, owe any income tax. His reform will also decrease tax brackets from the current seven to four. These brackets will be divided into 0%, 10%, 20% and 25%, the biggest change coming from lowering the current 39.6% bracket to 25%. His tax reform would also cut the corporate tax rates for business from 35% to 15%.
Presidential elect, Donald Trump, has been under fire for manipulating and utilizing his foundation for his own private benefit. Trump was accused of using over $250,000 worth of charitable donations to settle his “personal” business disputes (Steve Eder, New York Times). The money from the Donald J. Trump foundation assisted in paying for unpaid fines and law suits. He received money from close colleagues’ and friends. He decided to use that money for his own personal benefit, instead of using it for the cause it was created for.
Many large corporations are not paying their fair share of taxes, including what is legally required of them. They use tax breaks, loop holes, and so on. Many corporations pay no federal income taxes at all, stashing their cash in off shore tax havens around the world… causing us to lose over $100 billion a year in revenue.
Donald Trump has not shied away from voicing his opinions on politics. Many of his ideas and actions have led people to wonder if he truly is a conservative or not. Over the years, it seems that Donald Trump’s political ideology has shifted with time. During the late 1990’s, he left behind the Republican Party to join the Reform Party. However, within the next couple of years, Donald Trump has once again shifted his views back to one of a conservative. In addition to jumping back and forth between parties, Trump has also said things that go against both of these parties’ ideologies, but are similar to the ideas of a liberal. These shifts in views have led people to wonder if Donald Trump is even a true conservative. The man claims to be a Republican, but his previous actions do not help support his claims. Is Donald Trump a true conservative?
Donald trump took out directly more than ¼ of one million dollars from their charity just because he had to settle some illegal disputes. At first, Donald Trump started off by using the money to put puts a 80-foot-tall flagpole in front of Mar-a-Lago, this oceanfront club in Palm Beach. I believe that he just wasted extra money because he didn't need one that is 80-foot-tall, it's just too tall for the town code.
The newly elected president's speech presented ideas that have not been heard from a Republican candidate in a long day time. Donald Trump's focuses throughout his speech were nationalism, allegiance, and giving the Government back to the people. Achieving all these ideas would complete his plans for his presidency.
In CBC’s podcast, Johnston exclaims that “[if] Trump ran the U.S. economy like he does his business, the U.S. would have terrible, terrible problems.” Investigator and expert in US economics, David Johnson meant to study the spread of casino gambling when he went to Atlantic City. There, he met Donald Trump and began to investigate his taxes instead. Over the years he was able to collect "tens of thousands" of Trump’s papers. All of those records are strong evidence that Trump pays very little taxes, or none at all. Johnston’s CBC podcast was live on Thursday, September 29, 2016, when the idea of Trump becoming president was seemingly inconceivable. Unfortunately for many, as of November 8th, 2016, Trump became
Since the presidential campaign in 2016, President Donald Trump has proposed a series of tax reforms, including personal tax changes. As individual taxpayers, these changes will significantly affect us.
The times of asking friends to participate in a software program are over. Whenever problems is met, it is owned by the conscientious leader who discovered it. The i – Phone is prime example that is simply a cellular phone. Now many of us lack usage of Donald Trump Announcement Today On Fox News Trump or his contacts, but perform have entry to other powerful people directly in our personal communities.
Throughout this year’s elections, Donald Trump has begun burning more bridges then building. Donald Trump has been questioned about his tax returns more than once during the election period as well as during the debates. Still to the day, he still denies releasing them because he said it’s not in his interest. Is he not showing his tax returns because he believes it will cause even more harm. During the campaign, Donald Trump has also brought us issues regarding deporting illegal immigrants. Donald Trump is an empowered man who should be applauded for taking advantage of tax breaks that he has the right to and because of that Illegal Immigrants should be given special treatment.
Recently, The White House released President Obama's tax returns, showing that he and the First Lady reported joint income of $477,383 last year, which ranked their lowest income compared with former years since Obama was elected to the U.S. Senate due to royalty reduction of Obama’s autobiographies. According to the report, Obama’s major income las year is $400,00 salary as president. The first couple paid $93,000 in taxes with 19.6% tax rate. They donated $ 70,000 to 33 charities, which possessed nearly 15% of the income. Besides Obama’s salary, President Obama earned money from his royalties from his autobiographies, and interests rate from his deposit in banks. The first couple earned $500,000 in 2013 and $660,000 in 2012, while Obama received