Ron Paul: Trump’s Tax Returns Show Evil of the Income Tax
10th January 2023
The final act of the Democrat majority on the House Ways and Means Committee was to make public several years of Donald Trump’s tax returns, which the Committee obtained after a prolonged legal battle. The tax returns confirmed that, despite being one of the richest people in America, Donald Trump paid very little in federal income tax. In fact, in at least one year he paid under a thousand dollars.
The tax code is so complex, and so stuffed with special favors for special interests, that anyone who can afford expert help can play it like a guitar–and avoid most tax liability.
When I was in law school, my tax professor would come in the first day of class with a stack of paper about two feet high and place it on his desk. “This is the Internal Revenue Code”, he would say. Picking up the top sheet, he would say “This tells you what tax you need to pay.” Then he would put his hand on the rest of the stack and say, “This tells you how you can avoid paying that tax.” Leaving his hand on the taller stack, he would say “This is what we teach here.”