When looking at a single year for people who have losses and expenses it can paint quite a misleading picture. Over 10 years how much did they pay, is a much better question.
Honestly I get it, and I can argue both sides of this debate. However, for the regular working person who pays taxes year in and year out to hear that people who live in stratospheric luxury aren't paying taxes: it looks like a duck, walks like a duck, quacks like a duck, and by duck I mean rigged system.
Trump is a notoriously bad business man who loses money. If you're living if savings which is what happens when you lose money, then there is no tax bill. I'm not discounting fraud, but there is active disinformation on this - propublica mixing wealth totals and income tax just one of many intentional misleading arguments.
Again, I understand the argument you're making, but it still on its face looks like a rigged system. Trump isn't living in poverty and his generational tax fraud scheme was pretty well documented a few years ago[1].
Honestly I get it, and I can argue both sides of this debate. However, for the regular working person who pays taxes year in and year out to hear that people who live in stratospheric luxury aren't paying taxes: it looks like a duck, walks like a duck, quacks like a duck, and by duck I mean rigged system.
[1] https://www.cnn.com/2020/09/27/politics/trump-income-taxes-n...