Latest Liberal Media Hit Piece: Donald Trump Paid No Income Taxes… Two Years… BACK IN THE 1970s

Here we go- like clockwork – last weekend the liberal media tried to hit Donald Trump with a fabricated hit piece on his womanizing.

It blew up in their faces.

trump reagan
Donald Trump and Ronald Reagan in the 1980s.

Now ABC news is reporting on Donald Trump not paying taxes two years… Back in the 1970s… Almost 40 years ago.

Is this supposed to sway any voters? Seriously?
ABC News reported:

Donald Trump paid no federal income taxes for at least two years in the late 1970s, according to a New Jersey government report.

Trump, who has declined to release his tax returns during the campaign season, incurred no tax liability in 1978 and 1979, New Jersey gambling regulators found, when they looked into his tax returns and personal finances in connection with the Trump Plaza Corporation’s 1981 application for a casino license.

Trump claimed negative income in both those years: losses of $406,379 in 1978 and $3,443,560 in 1979. In 1975, 1976, and 1977, he claimed $76,210, $24,594, and $118,530 in income, respectively, paying $18,714, $10,832, and $42,386 in federal taxes, according to the document, the Report to the Casino Control Commission.

The regulators “did not ascertain any inconsistent or questionable matters” in Trump’s returns, they wrote.

The findings were included in a report obtained by ABC News and verified by the New Jersey Casino Control Commission. Although the regulators viewed Trump’s tax returns from 1975 to 1979, they did not include the actual returns in their report to the commission.

Photo of author
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

Thanks for sharing!