KEY POINTS

  • The New York Times reported Trump paid just $750 in income taxes in 2016 and 2017, and no taxes in 11 of the last 18 years
  • Coulter says developers should not be able to depreciate property that sells for much more
  • She tweeted Democrats don't have the guts to overhaul the tax system because they get major donations from billionaires

Conservative pundit Ann Coulter, incensed by reports President Donald Trump paid just $750 in income taxes in 2016 and 2017 and no taxes in 11 of the past 18 years, is calling for an overhaul of tax laws to keep the ultra-rich from paying little to no taxes.

Coulter, who has slammed Trump in the past, took issue last month with a Trump tax speech in Missouri in which he called for more tax cuts. She said the 2020 election was about immigration and the border wall, and not taxes.

On Monday, she turned her attention to a weekend report from the New York Times, revealing the self-described billionaire real estate developer lost hundreds of millions of dollars and is personally responsible for $400 million in loans. He also allegedly claimed $70,000 in hairstyling expenses as host of “The Apprentice.”

Coulter lashed out at conservatives who gave Trump credit for reducing his tax liability so drastically.

“I don’t think the conservative take on @realDonaldTrump paying no taxes should be: because he’s smart!” Coulter wrote, calling for rewriting tax laws that allow for depreciation on real estate projects that then sell for much more.

Her tweets garnered thousands of responses and by early Tuesday, her responses became more vitriolic.

Coulter said, however, she doesn’t think Democrats have the guts to change tax law, given that “most of the billionaires donate to them.” She said Biden’s biggest donor is real estate billionaire George Marcus, chairman of Marcus & Millichap and the Essex Property Trust.

Trump, who has refused to make his tax returns public, boasted during the 2016 campaign that he knew how to work the tax laws to pay as little as possible – and he was the only one who could fix the situation.

Democratic nominee Joe Biden released his 2019 tax returns Tuesday, ahead of his evening debate with Trump. The Bidens paid nearly $300,000 in income taxes.