Saturday, December 31, 2022

Trump's Tax Shenanigans Show Need for Real Reforms

Despite bragging that he's "very rich," former President Donald Trump paid little or nothing in federal income taxes, year after year after year. The IRS never audited Trump as president, in contrast to its own rules, though it audited every other president from Jimmy Carter to Joe Biden.

Trump's low tax payments illustrate his willingness to break the law. But there's a bigger problem. The law itself is rigged in favor of the wealthy and against the rest of us. While Trump likely acted illegally at times, much of his tax avoidance was perfectly legal.

Congress should unite around a basic principle that Republican, Democratic, and independent voters support: the wealthiest, whether they are presidents, CEOs, or just rich heirs, should pay their fair share. Using Trump's tax maneuvering as a guidebook could make the tax code much fairer for all of us.

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