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The Breakdown with Shaun King

Ep. 327 - The IRS itself has protected Donald Trump for generations

The Breakdown with Shaun King

The North Star

News, Society & Culture

4.812.6K Ratings

🗓️ 28 September 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

We have to be real here. Donald Trump didn't sneak anything past the IRS by only paying $750 in taxes. They've known EXACTLY what he's been doing for 50+ years. They just don't care. Because the IRS - much like America's justice system - was designed to protect the rich and privileged. It's not a bug. It's a feature of capitalism itself. ---- If you listen to The Breakdown and want to help support the work we do, consider becoming a member of our Patreon at www.patreon.com/thebreakdown for exclusive members perks and early access to content. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Let's talk about Trump's taxes and how rich people get away with so much injustice.

0:08.0

This is Sean King and you are listening to the breakdown. As you know, no doubt saw yesterday, late last night the New York Times revealed that they somehow obtained copies of Trumps 2016 and 2017 taxes.

0:42.1

And both years years Trump paid a flat 750 dollars in spite of claiming that he made

0:51.7

hundreds of millions of dollars each year he paid 750 dollars in taxes.

0:58.0

And all over the internet we see all of us myself included we see people saying hold

1:06.8

on hold a hold a hold you pay 750 dollars total because all of us if you are an everyday person in this country I currently I pay that

1:20.4

a week and I don't you know I'm still you know having to work two and three jobs

1:29.3

just to be able to pay the bills here in New York.

1:32.9

And this man made hundreds of millions of dollars.

1:37.7

Even hell if the man had just made a million dollars.

1:41.2

But this man made hundreds of millions of dollars. This man made hundreds of millions of dollars in the year he was elected

1:46.8

president, the year after he was elected president, and only paid 750

1:52.1

dollars in taxes.

1:54.2

And one, the reporting from the New York Times was excellent.

2:01.7

And I encourage you to go to their front page now. You can see their

2:04.9

bombshell story. It's not just that they got those tax returns and those tax documents.

2:12.1

It's how they broke it down that was incredibly

2:16.8

masterful and I think they'll likely win awards just for the quality of

2:22.3

reporting in that piece, just amazing. awards just

2:24.6

amazing and we have no idea how many days or weeks they've had it but it I mean they really

2:31.4

broke down and explained how Trump currently has, if I understand the

2:39.9

reporting correctly, 1.1 billion dollars in outstanding loans. And his hustle is this.

...

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