New: Over a period of several years, @realDonaldTrump took at least $70,000 of federal tax deductions for his "Apprentice" haircare expenses.
It was probably illegal. @JamesStewartNYT
President Trump deducted $70,000 worth of hairstyling expenses from his taxable income. But courts have ruled that hairstyling, even for someone on a TV program, is a personal expense that cannot be deducted.
Trump spent more than $70,000 on hairstyling during his run on “The Apprentice."
His production company deducted his hairstyling expenses from its taxable income, reducing its tax bill.
Experts say that's illegal.
Per @JamesStewartNYT
Trump took $70,000 in tax deductions for hair care. Experts say that's illegal.
"Such a deduction could potentially constitute criminal tax fraud if the cost of the hairstyling was reimbursed by someone else."
The President's deduction of $70,000 for hair care as a business expense on his tax returns is just the most, um, colorful example of potential fraud the returns show. Congress must turn up oversight to make sure the IRS is really examining the President.
More than $70,000 is quite a lot for any one person to spend on having his hair cut, blow-dried or colored. But what is remarkable about the revelation is that President Trump’s production company deducted his hairstyling expenses from its taxable income.
If you too saw the $70,000 tax deduction for his hair and thought to yourself, 'I thought celebs couldn't deduct their stylists and personal trainers,' this article is for you