House Dems about to ask for Trump tax returns

[1972 Grad]

fyp

Don't talk that way about McDad. He is a good guy.

 

[luthervol]

Your talk doesn't match your walk; typical of marxist/socialists.

Your assumptions don't match reality, typical of flatlanders.
When have I ever said people shouldn't use available deductions? I'll help you out.....never.

 

[volinbham]

Don't talk that way about McDad. He is a good guy.

I was referring to the grammar nazi...

 

[McDad]

120
120
120
120

Wrong
Not necessarily.
Possibly.
Absolutely wrong.

 

[1972 Grad]

I was referring to the grammar nazi...

Lighten up. It's a joke.

 

[McDad]

Lose

Grammer Naughtzee.

 

[volinbham]

Lighten up. It's a joke.

Mine wasn't.

You see my reply about the FIAT? If you didn't the TLDR; version is "buy one".

 

[McDad]

Your assumptions don't match reality, typical of flatlanders.
When have I ever said people shouldn't use available deductions? I'll help you out.....never.

Shhh.

Adults are conversing.

 

[1972 Grad]

Mine wasn't.

You see my reply about the FIAT? If you didn't the TLDR; version is "buy one".

You're entirely too serious for me tonight. Good night.

 

[luthervol]

Then all he had to do is say .. I’ve changed my mind since you are going to make such a big deal out of it . Then what ?

I would say, that's the closest thing to honesty we've seen out of Trump, but it would still be a lie because he obviously never intended to release the returns from the beginning.

 

[volinbham]

I offer a compromise on the tax returns.

They should be released only to Luther and LG and they alone should analyze them and document the crimes.

 

[DC_Vol]

yep

Interesting. Consolidation of government power is the opposite of personal liberty.

Bham nailed it.

 

[0nelilreb]

I would say, that's the closest thing to honesty we've seen out of Trump, but it would still be a lie because he obviously never intended to release the returns from the beginning.

That’s an assumption on your part . Again I’ll ask .. if he does that , then what ?

 

[Sin City Vol]

Where is net worth going to show up on a tax return?

It’s goong to show his net income that year. It’s going to show he doesn’t make as much as he says

 

[luthervol]

Shhh.

Adults are conversing.

That's your response when you're wrong? That is truly adult conversing.

 

[luthervol]

That’s an assumption on your part . Again I’ll ask .. if he does that , then what ?

Go after them anyway. He waited to long.

 

[GAVol]

It’s goong to show his net income that year. It’s going to show he doesn’t make as much as he says

...which isn't really a reflection of net worth. Half the fun of owning a business is non-income business expenses.

 

[Velo Vol]

Maybe the President's finances should be scrutinized.

That's crazy talk.

 

[McDad]

That's your response when you're wrong? That is truly adult conversing.

Tee hee.
Your walk = grabbing every deduction, does not line up with your talk = g'ment needs more revenue (more taxes).

No biggie...i applaud everyone deducting all they can.

 

[Burger]

Correct again. Now here's where it gets fun.

I can loose 50k in one year on a property sold (prop A) and make 50k the next year on the sale of a different property (prop B). Because the loss carries forward, i offset my cap gains.

So, did i make 50k on the sale of prop B or did i make zero?

Depends if you carried the loss in the first year.

 

[Weezer]

That's crazy talk.

Don't forget the every member of Congress as well part. Republican, Democrat, Independent...it doesn't matter. Every member of Congress.

 

[McDad]

It’s goong to show his net income that year. It’s going to show he doesn’t make as much as he says

Well, at least you are rational in this discussion. Net income =/= net worth.
If he doesn't make as mjch as claimed, is that fraudulent?

 

[McDad]

Depends if you carried the loss in the first year.

It wasn't applied the first year. It was carried to the 2nd year.

 

[volinbham]

Don't forget the every member of Congress as well part. Republican, Democrat, Independent...it doesn't matter. Every member of Congress.

why stop there? Power resides in the massive reach of government agencies - every single key decision maker in each agency. Every key advisor, chief of staff for every elected official.

 

[Burger]

It wasn't applied the first year. It was carried to the 2nd year.

Your taxable capital gains would be zero according to Tax Law.