Trump's Taxes

[vol66]

Isn't it interesting that we are circling back around to Trump's taxes again after the "troops are losers" thing didn't fly, and the Russian collusion thing failed, and the Ukrainian phone call failed, and the upside down Bible, and the John McCain stuff, and the tear gassing the peaceful protestors for the photo op, and the "good people on both sides" thing, and stationing federal storm troops in cities with rioting, looting, and burning, and putting kids in cages, and the Hitler comparisons, and Stormy Daniels, and grab 'em by the p***y, and so on and so forth all have failed?

Serious question. What do you mean by failed?

 

[McDad]

From what I can tell, he does the same things that most of us do, just on a much, much larger scale. Oh, and in case anyone missed it, every wealthy celeb, athlete, politician, etc with a decent CPA does them too.

I pay a guy a total of about $4,000 per year to help me pay as little tax as legally possible. I feel it is my civic duty to keep all I can away from the government.

 

[1972 Grad]

Serious question. What do you mean by failed?

He is still in office appointing SC Justices every time you turn around.

 

[1972 Grad]

I pay a guy a total of about $4,000 per year to help me pay as little tax as legally possible. I feel it is my civic duty to keep all I can away from the government.

It is a civic duty. If you give them $100 more dollars in taxes, they will spend $150 of it. You are doing your job to keep us from going even further in the hole.

 

[AM64]

Trump losing $915.7 million in a year explains how his campaign blew through $1 billion in a 6 months.

Looks like a business can carry forward a loss for 20 years. Any idea what an individual can do? There are any number of reasons for a loss if you've got enough invested - the stock market crash or 2007-2008 - 2020 - need I say more

 

[DynaLo]

I pay a guy a total of about $4,000 per year to help me pay as little tax as legally possible. I feel it is my civic duty to keep all I can away from the government.

And you get to legally deduct part of the $4,000 you spent

 

[BigOrangeMojo]

How do you view Amazon?

They are following the rules that are in place. They also arent exaggerating their net worth or revenue by 300-500% to stroke their ego either...

 

[volfanhill]

It is a civic duty. If you give them $100 more dollars in taxes, they will spend $150 of it. You are doing your job to keep us from going even further in the hole.

Well to be fair Trump takes in $100 bucks and spends $200.

 

[McDad]

Looks like a business can carry forward a loss for 20 years. Any idea what an individual can do? There are any number of reasons for a loss if you've got enough invested - the stock market crash or 2007-2008 - 2020 - need I say more

I had a business loss carry foward which saved me 22k in cap gains for 2018.

 

[1972 Grad]

Well to be fair Trump takes in $100 bucks and spends $200.

That is unusual in D.C.

 

[1972 Grad]

I had a business loss carry foward which saved me 22k in cap gains for 2018.

Depreciation can be your friend.

 

[BowlBrother85]

Absolutely, because how they got the information for their story directly determines the validity of the story.
Is it crap they pulled out of their rear ends to influence the election or legitimate information from real tax returns.

No, it doesn't. That is ridiculous. Edward Snowden was guilty of espionage. That didn't discredit his allegations. Ditto for Daniel Ellsberg and the Pentagon Papers.

 

[DynaLo]

Looks like a business can carry forward a loss for 20 years. Any idea what an individual can do? There are any number of reasons for a loss if you've got enough invested - the stock market crash or 2007-2008 - 2020 - need I say more

For a normal Sole Proprietor business claimed on personal taxes the IRS wants to see a profit in three out of five years or they can choose to hit you with the Hobby Rule.

 

[vol66]

He is still in office appointing SC Justices every time you turn around.

Gotcha. That has something to do with your daily routine and excuses all his, ahem...exaggerations?

 

[AM64]

was it in Atlantic City and if so how did most of the other ones there fare?

You know deep down that if Trump had hired the mob to make sure the casino was run right, they would bitch about that, too. Libs are just miserable creatures, and there's no fix for it.

 

[McDad]

No, it doesn't. That is ridiculous. Edward Snowden was guilty of espionage. That didn't discredit his allegations. Ditto for Daniel Ellsberg and the Pentagon Papers.

Did Snowden expose public or private entities?

Were they breaking law or operating within the law?

 

[AM64]

I guess the inability to run an airline was the second clue.

Lot of airlines have had a bad year. It happens.

 

[volfanhill]

That is unusual in D.C.

He is running record deficits. And he can prevent them but isn’t. So I don’t want to hear how it’s congress problem

 

[titansvolsfaninga]

Absolutely, because how they got the information for their story directly determines the validity of the story.
Is it crap they pulled out of their rear ends to influence the election or legitimate information from real tax returns.

You know what, I agree. If the story is false, donald can release his actual returns and clear all of this up. They are literally painting him as a broke, debt ridden con man. He should want to clear his name. I mean how can you be broke and self fund a presidential campaign

 

[DynaLo]

No, it doesn't. That is ridiculous. Edward Snowden was guilty of espionage. That didn't discredit his allegations. Ditto for Daniel Ellsberg and the Pentagon Papers.

Yes, it does. If the Times fabricated everything it’s a bullcrap lie of a story for political influence. They need the actual tax returns for it to be truthful as anything less is purely speculative on their part.

Did Snowden, Ellsberg and Assange have legitimate factual information or was it all make believe info?

 

[volfanhill]

They are following the rules that are in place. They also arent exaggerating their net worth or revenue by 300-500% to stroke their ego either...

So how is Trump breaking the rules?

 

[1972 Grad]

Gotcha. That has something to do with your daily routine and excuses all his, ahem...exaggerations?

If you think that your side is pristine, vote for them. If you want one party rule, and like what it has done to California, Oregon, Washington, and even Venezuela, vote for your guys. I think that you liberals will eventually win and take over, but some time down the road, when you get older, you will realize what you have done. I'll be laughing at you stupid f***s from the grave.

 

[AM64]

You won't get to the penny obviously but you can get close. If you had access to business returns, K1s, etc, you can figure out ownership percentages, you can see the assets generating the income, you can figure out if there's any personal debt. I bet you wont see a net worth in excess of $10BB like he claims but something less than a quarter of that.

I could make do very nicely with $.25B. That would fund a lot of the toys that I lust over and still leave a lot left.

 

[AM64]

But you support globalism which was code name for offshoring profits for tax purposes because your fellow dems couldn't get enough of business taxes and corporations finally revolted ... and bolted.

 

[BigOrangeMojo]

So how is Trump breaking the rules?

I never said he was. He's obviously not 100% truthful when it comes to his net worth but that's not a crime. It just hurts the brand.