the Guardian

Donald Trump paid nearly $200,000 in taxes to China, report claims

New York Times says records reveal company bank account in China, and documents show he paid more tax there than at home

Read more from the Guardian

“No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive,” he said.

Any international businessman would have financial accounts in other countries.

That's not the problem.

1. He paid more tax in China in one year than he did over a decade in the US.
2. He has spent an inordinate amount of time criticising China, the Americans who do business there and how the US needs to sever their reliability on them.  It's just hypocrisy, is all.

Jenifer (Zarknorph) said:

Any international businessman would have financial accounts in other countries.

Jenifer (Zarknorph) said:

He has spent an inordinate amount of time criticising China, the Americans who do business there and how the US needs to sever their reliability on them.  It's just hypocrisy, is all

So, following that line of reasoning, any international businessman that detests the Chinese government, but still does business in China, is hypocritical?  What about any person using Chinese-made products?  Look around your house, is there anything there made in China?  Have you ever said anything critical of the Chinese government.  Doesn't that make you hypocritical too?

As for his taxes, any smart businessman writes off as much of his tax burden as is allowed under our current tax laws.  If, as is purported, he actually only wrote a check for $750, that's just smart business.  If Americans don't like it, they need to change the tax code.

I'm not the President, Katie.

Here, in Australia, if you run for parliament you have to sever all ties to any business holdings in order to ensure no conflict of interest.

katiek2 said:

If Americans don't like it, they need to change the tax code.

Isn't that one of the things Trump promised to do?

Jenifer (Zarknorph) said:

Isn't that one of the things Trump promised to do?

I honestly don't remember.  If he did promise to change the tax code I doubt it would have passed in the Senate or House.  Those people all have too much to lose.  

Here is what he said his plan would do:  The 1st 7 I know have been done.  The repeal of the Obamacare tax on investment income is supported by the Trump administration but as of September 2020, it hasn't happened.  That may be part of what is being litigated right now.  The death tax has been under fire for decades, but not seriously, mostly because Treasury officials were able to convince administration that the tax mostly benefited the very wealthy.  

www.politifact.com

Trump-O-Meter: Campaign Promises that are about Taxes | PolitiFact

PolitiFact is a fact-checking website that rates the accuracy of claims by elected officials and others on its Truth-O-Meter.

Read more from www.politifact.com

Thanks for the link.

Of the 11 promises:

Kept:

Create a 10-percent repatriation tax

Raise tariffs on goods imported into the U.S.

Compromised:

Eliminate the estate tax

Eliminate the marriage penalty

Lower the business tax rate

Cut taxes for everyone

Broken:

Repeal the alternative minimum tax

Eliminate the carried interest loophole

Release his tax returns after an audit is completed

Create targeted child care tax credits

Cut the number of tax brackets

You need to watch this

www.cbsnews.com

Moments from 60 Minutes' interview with President Trump

60 Minutes correspondent Lesley Stahl interviewed President Donald Trump ahead of the 2020 election.

It's both sides.

U.S.

Four in ten supporters of Biden, Trump would not accept election defeat

More than four in ten supporters of both President Donald Trump and his Democratic challenger, Joe Biden, said they would not accept the result of the November election if their preferred candidate loses, Reuters/Ipsos poll found.

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