American real-estate investor and author Robert Kiyosaki has faulted the US Democratic Party presidential candidate Hillary Clinton for attacking the Republican candidate Donald Trump for allegedly not paying taxes. On August 16th Kiyosaki posted an article on rich dad.com reacting to an August 12th tweet by Hillary Clinton which claimed, “there is a non-zero chance that Donald Trump isn’t paying *any* taxes.”
Before the tweet, Hillary and her husband - former US President Bill Clinton, had just made public their tax return for the year 2015. According to a New York Times report, Hillary and Bill paid “3.6 million in federal taxes for an effective tax rate of about 35 percent.”
Tax declaration not a legal requirement
Donald Trump continues to keep the world guessing on whether or not he will stick to a tradition that has been set by a majority of presidential candidates who made public their tax return ahead of elections. If he sustains his amid the apparent provocation from the Democrats camp, the Republican Party nominee for president “would be the first major candidate since 1976 to avoid making his full returns public.” NT
Robert Kiyosaki was quick to clarify that his reaction is not an endorsement of either candidate as he observed that the attack on Trump was an indication of how the Democratic Party presidential nominee “is a career politician, while Donald is a career entrepreneur” adding, “…Donald is doing what the tax code was intended for…”
Hillary Clinton’s criticism wrong
He explained why he thought Hillary Clinton was wrong in her criticism, stating that the only way Trump would not pay taxes would have been by investing in ventures that create job opportunities to receive tax benefits from the government.
Kiyosaki says the most patriotic thing that one can do is to limit tax liability by taking advantage of the government’s tax code. He would prefer a leader who is knowledgeable about money and taxes, “Personally, I’d rather have someone who understands how money and taxes work, how to create jobs and invest in ways our own tax code incentivizes, than who doesn’t.”
Remittance mainly from speeches and Hillary’s memoir
According to Kiyosaki, the fact that Hillary Clinton and her husband paid 35% tax rate and $3.6 million in federal taxes show they have not invested in providing jobs, starting businesses, or invested meaningfully. The income whose tax remittance is in the spotlight is said to have mainly originated from speeches and Hillary’s memoir.
Robert Kiyosaki who is famed for his ‘Rich Dad Poor Dad’ publications on wealth creation termed Hillary Clinton’s tweet “a lie and a form of fear mongering” which capitalized on the general ignorance around money and taxes, adding that the tweet failed to appeal to logic and intellect.
Election to determine Obama’s successor
The 58th quadrennial election to determine the 45th President of the U.S.A and successor of President Barack #Obama is scheduled for November 8, 2016. The political showdown temperature between the Democratic Party Nominee for President Hillary Clinton and her rival Republican Party’s Donald Trump is expected to heat up as the campaign season enters the home stretch. #Election 2016 #Democrats vs Republicans