In an interview with CBS yesterday, Donald Trump’s comment that “I fight like hell to pay as little as possible” when it comes to taxes has apparently stunned the internet.
I’d have been alarmed and suspicious if he said he loved writing million dollar checks to the IRS, or that he paid more than he had to, or that he thought Government was a bastion of effective and efficient financial management. Am I supposed to hate a guy who says he doesn’t like paying taxes and uses the avenues available to him to decrease his yearly tax liability?
While the scope and scale is decidedly different, I do the same thing. I’d have to be a certified lunatic to hand back the savings from mortgage deductions, property depreciation, charitable donations, and tax deferral mechanisms… and because I’m not a tax or accounting expert, I pay a guy to find those savings for me and make sure I’m within the bounds of the law. If you’re filing anything more complicated than the 1040EZ, you’d be a fool not to at least consider some expert advice. Bashing a guy, especially one in business, because he employees lawyers and accountants just makes you sound like a moron.
But, but “Taxes are the price we pay for civilization” and everyone needs to pay their fair share. Sure. That’s fine. I like civilization and I’m absolutely open to a discussion of what it means for everyone to pay a “fair share.” But that dialog needs to start by accepting that having half the population whose cut of the fair share is $0.00 is patently ridiculous.
The internet, HuffPo, WaPo, and a host of other outlets may find his statement outrageous, but damned if his stock didn’t go up a few points in my book.