Trump's Taxes

[lawgator1]

Tonight's installment of "There's Always a Tweet"

Ouch. That one is going to leave a mark.

 

[evillawyer]

 

[lawgator1]

Fun night on Twitter.

He's such a cheap conman he probably got one.

 

[lawgator1]

Under audit may be a euphemism for the IRS threatening to seize his assets for the fake 70 million refund he took.

 

[evillawyer]

This is such BS. We know Trump would never act of self-interest and sell US secrets to the highest bidder to avoid personal financial catastrophe. Right? Right?

 

[Rasputin_Vol]

Don’t need to read another post from Herron out

Give me the name of the right wing poster and I’ll tell you how they will 1. justify this N.Y. Times reporting is bull$!t 2. Trumps deductions are legitimate 3. Michael Cohen is not to be believed

Why does any of this matter? OK, so he is broke... or maybe not a billionaire. So?

 

[DEFENDTHISHOUSE]

This.

 

[Rasputin_Vol]

I have no grounds to speak about legality. Personally, though, I don’t want a president who is potentially morally corrupt in a tremendous amount of debt and with holdings all over the globe dealing with our foreign policy and in the position of safeguarding America. Nobody should want that.

Two words: Clinton Foundation

 

[evillawyer]

I love this line from the NY Times article:

"This article offers an overview of The Times’s findings; additional articles will be published in the coming weeks."

MAGA B*tches!

 

[clarksvol00]

If Trump is legally using the tax code to his advantage to avoid tax liability despite making the billions he says he has, that's fine. If that is case, its an indictment of our tax system.

 

[C-south]

Its funny. Everyone in here does what he can to pay less taxes, yet you hypocrites blast a guy for doing what obama, clinton, biden all have done.

They’re like luther, they’ll happily pay more but will only do it if everyone else does. They won’t voluntarily send the IRS anything extra.

 

[C-south]

Ouch. That one is going to leave a mark.

But yet a previously illegally stolen copy of his returns showed he payed about $120 million.

 

[volbeast33]

If Trump is legally using the tax code to his advantage to avoid tax liability despite making the billions he says he has, that's fine. If that is case, its an indictment of our tax system.

I have been reading a lot of books based on financial freedom and all of them talking about reporting liabilities on taxes and keeping finances in assets instead of cash or savings.... that way you don’t have to pay taxes( double taxes with a savings) but you are able to liquidate money any time you need it.

 

[BowlBrother85]

I have no grounds to speak about legality. Personally, though, I don’t want a president who is potentially morally corrupt in a tremendous amount of debt and with holdings all over the globe dealing with our foreign policy and in the position of safeguarding America. Nobody should want that.

Trump's properties are mortgaged to the eyeballs. Trump has 14 loans on 12 properties, with six of those loans accounting for $479 million in debt due over the next four years. Trump is running a paper empire. This should be considered a national security threat.

 

[luthervol]

They’re like luther, they’ll happily pay more but will only do it if everyone else does. They won’t voluntarily send the IRS anything extra.

You know me. That whole equitable sharing of the burden thing.

 

[ajvol01]

 

[Rockytoptalker]

It was a mostly peaceful tax evasion

 

[BowlBrother85]

"China will own the United States if Joe Biden is elected." - Donald Trump has said this a lot during the campaign.

$211 million of Trump's debt is through the Bank of China and is scheduled to mature in 2022.

 

[volfanhill]

Let’s be clear. Some of you think he sought an $80 million dollar tax refund from the IRS but was cheating on his taxes? Talk about stupid. Yea the IRS doesn’t declare war over that. And he and his lawyers wouldn’t know it. Every time you under estimate him you lose. I advise you to score board watch. Because as much as I dislike him he is whooping ass in a lot of ways. To include 4 years as POTUS and 3 SC additions.

 

[titansvolsfaninga]

Why does any of this matter? OK, so he is broke... or maybe not a billionaire. So?

400 MM in debt is definitely a security issue. The debt, the tax evasion, are all red flags.

 

[BigOrangeMojo]

Why does any of this matter? OK, so he is broke... or maybe not a billionaire. So?

Should we know what his interests are?

I brought up whether Trump shifted his IP abroad earlier. One of the lesser known business deductions in the 2017 Tax Reform Act provides a benefit for companies that derive foreign intangible income (FDII) and that fits into the fact pattern I was inquiring about earlier with Trump. Should we have transparency to his records so we know that some relatively obscure provision that got into his Tax Reform Bill isnt impacting him extremely favorably?

 

[BigOrangeMojo]

400 MM in debt is definitely a security issue. The debt, the tax evasion, are all red flags.

One thing. Tax Evasion is illegal. Tax Planning is legal. This article has not suggested that Trump did anything illegal.

He's pushing the envelope with some gray areas for sure and the optics arent good but I dont see tax evasion based on the NYT article so far

 

[BowlBrother85]

400 MM in debt is definitely a security issue. The debt, the tax evasion, are all red flags.

This is the most disturbing revelation from The New York Times: Some of these loans are guaranteed by Trump himself. Meaning that a creditor could come after his personal - not corporate - assets if he defaults.

 

[vol66]

It’s really pretty simple. The dog ate my homework. Sorry, I can’t, my doctor says I have a bone spur. I know the modern day Presidents have shown their taxes, but I can’t, the IRS is auditing them. Everything is fake, rigged, everyone is out to get me, I don’t understand, look at the stock market, no one has ever done this, done that...nobody but meeee! I am the hash browns, scattered, smothered and covered, I Cohen-ed the phrase, made a lot of money on it...Covid will disappear, climate change is fake news, hell, even Fox News treats me badly, the IRS treats me badly, my own golf course treats me badly like all the illegal aliens that work for me do. There’s good people on both sides, I will never meet them, but they love me, they really, really, love me,...because they know, I alone, can make America 1950 Again!!! Call Lindsey, ask him if I left my Tic-Tacs over there?

 

[titansvolsfaninga]

This is the most disturbing revelation from The New York Times: Some of these loans are guaranteed by Trump himself. Meaning that a creditor could come after his personal - not corporate - assets if he defaults.

Also leverage. For security clearances, they look at credit.....how could he pass any security clearance with 400 MM in debt, that is personally guaranteed? I mean this guy claims losses every year of doing business.