Did Trump only pay $750 in taxes, or he owed $750 at the end of the year?

Asked by JLeslie (65411) September 27th, 2020 from iPhone

I heard on TV that Trump’s income taxes are out there (not sure where) and he paid zero taxes some years and $750 one of the years while in office. Obviously, my information is sketchy at best.

Is the $750 the balance he owed at the end of the year? Or, is it the total he had due for that entire tax year?

I don’t think Trump supporters will care at all how much taxes he pays, I’m not sure I care. I care that the tax laws need to be changed. I do care if he broke the law.

I also care if Democrats are saying he only paid $750 if he had already paid quarterly hundreds of thousands, because then Democrats look like idiots. Hopefully, that is not the case.

I’m sure he gets away with paying very very low taxes, I have no doubt. Real estate sales get taxed at low rates or not at all. I’m sure he times his losses to reduce income. No surprise.