Trump's Taxes found by NY Times...
Was it legal, and did he do it? Let me answer for you, yes it legal, and we don't know. Yes could have avoided paying taxes for 10 years if his income did not offset that large loss in those 10 years. In other words Art he could have earned enough in the following year to offset the loss. Crappy coulda woulda internet rags never telling what really happened, simply because they do not know.
Keenan
Loc: Central Coast California
It is quite amazing how blind Trump cultists are either privy to information the rest of us don't have or perhaps have powers of a 5th sense to know for certain that all of his tax avoidence and non profit shenanigans were completely legal without having to do any investigation.
ArtzDarkroom wrote:
The Headline: Trump Tax Records Obtained by The Ti... (
show quote)
I suppose it cold be argued, that someone who's made use of all the legal loopholes, would be in a better position to close them.
That is a lovely picture.
Wellhiem wrote:
I suppose it cold be argued, that someone who's made use of all the legal loopholes, would be in a better position to close them.
Keenan wrote:
It is quite amazing how blind Trump cultists are either privy to information the rest of us don't have or perhaps have powers of a 5th sense to know for certain that all of his tax avoidence and non profit shenanigans were completely legal without having to do any investigation.
Don't give a s**t if Trump paid taxes or not.... Government does not respect our taxes, most people really could care less if he paid or did not pay, hell, Michelle Obama has no problem spending millions of dollars to start her vacation a day ahead of her husband rather than waiting one more day.... DC is wasteful with that they did not earn. Either way he will make a better president that "Hold me up Hillary".
boberic
Loc: Quiet Corner, Connecticut. Ex long Islander
When you actually read the piece well after the "deceitful" title you find that the article says that Trump did nothing illegal. So a question arises--would you pay taxes that you were not legally obligated to pay? I wouldn't. I take full advantage of every way that my accountant finds to reduce my tax burden. Any one who says that he does otherwise, is either a fool, or a liar.
boberic wrote:
When you actually read the piece well after the "deceitful" title you find that the article says that Trump did nothing illegal. So a question arises--would you pay taxes that you were not legally obligated to pay? I wouldn't. I take full advantage of every way that my accountant finds to reduce my tax burden. Any one who says that he does otherwise, is either a fool, or a liar.
And that pretty much sums up the t***h.
If the tax laws provide the deductions and the loss carry forwards, who would not take advantage of it? To do otherwise would be making a charitable contribution to the government...
Had to laugh when NPR had a quote from him that essentially said that Hillary did worse things. As usual,a good offense is better than a lame defense.
I wouldn't pay taxes that I didn't have to either,keeping in mind that this whole thing is probably BS,like most of the baloney thrown around!
Are the "loopholes" you think he may have used fair?
Were they put in place to provide the 1% a legal way to avoid paying?
Is our tax system equitable?
boberic wrote:
When you actually read the piece well after the "deceitful" title you find that the article says that Trump did nothing illegal. So a question arises--would you pay taxes that you were not legally obligated to pay? I wouldn't. I take full advantage of every way that my accountant finds to reduce my tax burden. Any one who says that he does otherwise, is either a fool, or a liar.
ArtzDarkroom wrote:
Are the "loopholes" you think he may have used fair?
Were they put in place to provide the 1% a legal way to avoid paying?
Is our tax system equitable?
Another question is whether or not his "tax plan" includes closing some of these loopholes?
Yeah,right! Good one!
ArtzDarkroom wrote:
Are the "loopholes" you think he may have used fair?
Were they put in place to provide the 1% a legal way to avoid paying?
Is our tax system equitable?
I think you know the answer Artz. The real estate lobby was very active in the 90's and the tax laws were favorable to real estate investors. Trump took advantage of them just like the rest of us 99% do our best the squeeze out that last deduction on our tax returns.
FrumCA wrote:
I think you know the answer Artz. The real estate lobby was very active in the 90's and the tax laws were favorable to real estate investors. Trump took advantage of them just like the rest of us 99% do our best the squeeze out that last deduction on our tax returns.
His was obviously on a large scale,so the numbers are correspondingly larger.
If he has mismanaged his businesses to the tune of a $916 million loss in just a single year, how well do you really think that he'll manage the country?
That mismanagement in 1995 is carried out over an 18 year period, 3 years back, and 15 years forward. For just that one error in judgment, the consequences run from the 1992 to 2010 tax years.
Yeah, he has been audited for 15 years, because of the dumb, stupid, mistakes he makes in his business decisions. And if they hadn't found something in his taxes during that period, those audits would have ended with the 2010 tax year, but they've continued since then.
Based solely on his comment earlier this year, it appears obvious that he DOES have something to hide in his tax returns.
So, tell me again, why you think that he would be the better candidate?
Because he sure can't run his businesses without losing money!
He's asset rich, and just a little more than cash poor.
He doesn't have the operating capital to pay his day to day business expenses.
Nearly every large bank in the country has loaned money to trump over the years, and several of them had to write off those loans.
How much financing has come from money lenders outside of the United States?
He has sole proprietorships (in his name only), that are registered off-shore as tax shelters, so he's not paying taxes on them either!
The trump foundation isn't a legally registered charity according to NY law, so he's broken laws there by accepting donations in excess of $20,000.
He's also violated laws against “self-dealing” by paying personal and legal debts out of foundation funds, and has done so repeatedly!
His trump university is under investigation in several state, with at least one case going forward through the courts.
Why else would he have everyone working for him sign NDA's if he didn't have something to hide?
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