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Market-Based Solutions to Vital Economic Issues
Research
Oct 10, 2020

Donald Trump is a (tax) loser, just like a lot of other people

Summary

What do Barack Obama, Elizabeth Warren, Hillary Clinton, Kamala Harris, Jimmy Carter and Franklin Roosevelt all have in common? They are all losers. So are Dick Cheney, Newt Gingrich, Jeb Bush and George W. Bush. At least, according to their tax returns.

All of these politicians have attempted to generate income through trading stock, renting real estate or conducting a trade or business but, in at least one year, have failed to post a profit associated with these undertakings, and instead generated a loss. And, just like more than one million U.S. taxpayers in 2018 have done, all have claimed some type of loss as a deduction on their tax return.


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