New: Over a period of several years, took at least $70,000 of federal tax deductions for his "Apprentice" haircare expenses. It was probably illegal.
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
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."
"Courts have ruled that hairstyling, even for someone on a TV program, is a personal expense that cannot be deducted."
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.
Trump Took $70,000 in Tax Deductions for Hair Care. Experts Say That’s Illegal.
Courts have ruled that hairstyling, even for someone on a TV program, is a personal expense that cannot be deducted.
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
This is my favorite line of the piece: “Mr. Trump has always been secretive about the swirling, straw-colored confection that rests atop his scalp.”
Vile and laughable at once. Imagine committing tax fraud for such bad-looking hair!
#Trump Took $70,000 in Tax Deductions for #HairCare. Experts Say That’s #Illegal.
That $70,000 Trump deducted for hair styling? Illegal, possibly in multiple ways.
Trump Took $70,000 in Tax Deductions for Hair Care. Experts Say That’s Illegal.
Remember this story from a week ago?