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New From Seth Meyers: The Trump Tax Bombshell Reveals How the System Is Rigged

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Wendell Zurkowitz ((slave to the waffle light))9/29/2020 4:29:56 am PDT

The other spin at newsmax according to Dick Morris is that Trump overpaid taxes in previous years and that is why he only paid $750 in that particular year.

Trump Didn’t Avoid Taxes, He Prepaid Them

“In 2016 and 2017, he requested and got an extension to file his returns.

As required, he made an estimated tax payment of $1 million in 2016 and $4.2 million in 2017. Then, it turned out that he did not owe that much in taxes, but, rather than demand the money back, he let the IRS keep it and apply it to any future tax he owed.

So — when he only paid $750 in taxes for the first two years of his presidency it was because he had already overpaid during the two previous years and just reduced his payment by that amount.

Over the longer term, Trump overpaid his taxes by $72 million.”

I wonder how Dickie Morris knows this and why Trump just does not release his taxes to make it clear…

Oh, I know why.