Tuesday, September 29, 2020

David Cay Johnston: Trump Deserves to Be Jailed, But System Is Set Up to Let Rich Avoid Paying Taxes

Ahead of the first of three presidential debates between President Trump and Joe Biden, we speak with David Cay Johnston, founder and editor-in-chief of DCReport.org, who says the bombshell New York Times report on Trump's taxes highlights the existence of "two income tax systems, separate and unequal." The Times reports that Trump paid no federal income tax in 10 of the past 15 years and just $750 in 2016 and 2017. In a follow-up report, the Times reveals Trump made $427 million in connection to the hit reality TV show "The Apprentice," providing him a financial lifeline as other investments lost money. "People who own their own businesses, like Donald Trump, are under a different system," says Johnston.