In a long-ago post I wrote about how huge debts don’t make you poor, and illustrated this with the story of real-estate mogul Donald Trump. Negative large fortunes are closer to positive large fortunes than either is to zero. (I later had to correct my interpretation later, on discovering that the counterintuitive behaviour of Trump’s creditors was largely a reflection of their involvement in money laundering.)
Now we learn from the N Y Times that Trump has been paying $750 in federal income tax each year as president. Presumably that’s just an arbitrary number that he made up so that he could say it wasn’t zero. (Apparently even Trump has some limits to his his explicit lying.)
But here’s the thing: $750 is probably worse than $0. People have been assuming he wasn’t paying taxes. It sounds like a general insult. $750 is too specific (as well as being too small). The number becomes a shorthand for his tax-dodging, as well as inviting people to compare their own tax bills to Trump’s.
This demonstrates again how absurdly miserly Donald Trump, above and beyond his criminality. He had to choose an amount to pay purely for the symbolism of possibly needing to tell average Americans how much he had paid. He could certainly have afforded not to choose an amount large enough that even Americans of modest means would find risible. At least four figures…