MAGA Leads Nation Of Deadbeats?!?

To be fair . . .

More than a few Americans don't pay taxes because they're too broke.

Here's more context to a story we found far more interesting than most online content given that the odds are that you're arguing with another broke-ass person with a lot of unproductive opinions . . . Or just a very clever bot. 

Check-it . . .

That year, as the COVID pandemic hit, the Trumps reported a loss of $4.8 million. For 2018 and 2019, the then-president’s reported income increased and they paid approximately $1.1 million in federal taxes each year.

This year, some 72.5 million U.S. households, or 40%, will pay no federal income tax, down from the pandemic high of 100 million households, or 60%, two years ago, according to estimates from the Tax Policy Center. In 2021, nearly 56% of households, or 99 million, paid no federal income tax, the nonpartisan think tank said in a report released earlier this year.

But the reason that the Trumps paid nothing in taxes — that is, their reported loss of almost $5 million — is vastly different from the reason that most of that other 60% of Americans paid nothing in 2020.

People who earn less than the standard deduction — which for 2022 is $12,950 for individuals and $25,900 for married couples filing jointly — do not owe federal income taxes (although tax experts say it is still a good idea to file a return in order to access tax credits such as the earned-income tax credit and the child tax credit).

Read more via link . . .

Donald Trump paid $0 in taxes in 2020. He's not alone: 60% of households paid no federal income tax that year, but for very different reasons.

It's not that unusual. Former President Donald Trump and his wife, Melania, paid $0 in income taxes for 2020, according to a report released late Tuesday by the congressional Joint Committee on Taxation. That year, as the COVID pandemic hit, the Trumps reported a loss of $4.8 million.