SC residents paid $10K in 2017 income taxes on average while Trump paid $750, per ‘Times’


White House photo

South Carolina taxpayers paid, on average, more than 10 times the income taxes reportedly paid by President Donald Trump in 2017, according to reporting by The New York Times.

Trump reportedly paid $750 in 2017, and paid no income taxes at all in 10 of the previous 15 years, according to the Times.

To put that in a local perspective, South Carolina taxpayers paid, on average, $10,258 in federal income taxes on 2017 earnings, according to the National Priorities Project, a Massachusetts-based think tank. South Carolina’s median household income was $51,015 in 2018, according to the Census Bureau.

The Times obtained the Trump tax returns after a years-long legal fight by the president to keep them under wraps. The disclosures show some Trump-run businesses generate large profits, but also sustain substantial losses.

In one of a series of articles about the disclosures published Sunday, Times reporters wrote:

“The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the IRS portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.”

As the news broke, South Carolina politicians reacted on social media:

Support the Charleston City Paper

We’ve been covering Charleston since 1997 and plan to be here with the latest and Best of Charleston for many years to come. In a time where local journalism is struggling, the City Paper is investing in the future of Charleston as a place where diverse, engaging views can flourish. We can't do it without our readers. If you'd like to support local, independent journalism:

UP NEXT FROM

FEATURE

Before You Go: One more Graham-Harrison debate on tap Friday

Heath Ellison

South Carolina health officials reported 755 new cases of coronavirus on Tuesday, with 19 additional confirmed deaths.


IN CASE YOU MISSED IT

Charleston County residents also voting on sales tax, housing trust fund

Charleston County residents will decide whether to extend a local sales tax to fund school construction projects and to approve a property tax increase to fund an affordable housing trust. First, voters weigh in on the aptly named “Education Capital Improvements Sales and Use Tax Act Referendum for Charleston County.” A vote “Yes” extends a […]

Before You Go: One more Graham-Harrison debate on tap Friday

South Carolina health officials reported 755 new cases of coronavirus on Tuesday, with 19 additional confirmed deaths.

SC reform groups raise questions about Charleston report on May protests

Two S.C. justice reform advocacy groups delivered a letter Oct. 22 to Charleston Mayor John Tecklenburg, Police Chief Luther Reynolds and members of Charleston City Council objecting to the city’s assessment of police response to the May 30-31 protests. “This report is a masterclass in the use of hollow rhetoric and passing the buck” American […]

Pickin’ in the Park puts drive-in bluegrass show on Johns Island

Charleston County Parks will host Pickin’ in the Park, a drive-in bluegrass concert at Johns Island County Park Nov. 7.