Trump's Taxes

[Septic]

Why must WE?


The IRS does.

That must be why he's attacking them.

 

[Rasputin_Vol]

Bottom line is that if you paid more than $750 in taxes, you paid more to support the military than did the Freeloader in Chief.

Just to be clear, are you suggesting that all Americans should be able to pay $750 in taxes just like Donald Trump?

I would vote for Biden if that is what you are suggesting.

 

[NEO]

Let's say Joe gets elected and he has some unknown business interest in Ukraine that pays him $5MM a year (For purposes of this example, Joe has never disclosed his tax returns). Let's say Joe passes tax reform and one of the provisions of that tax reform is certain types of income from Ukraine can be excluded from US tax. Would have you wanted to know about Joe's interest in this Ukraine business? Do you think our Senators who vote on this bill should know about it?

He has to declare this already on a separate filing form.

 

[hog88]

I'm sorry that theory didn't save his casinos.

His casinos were over leveraged. Just look at how many Atlantic City casinos went bankrupt in the 90s and early 2000s. Several casino ownership groups were sold a bill of goods by Atlantic City and the state of NJ.

 

[1972 Grad]

I disagree and though I may be splitting hairs - he's not savvy, his accountants are. I'd wager the intern at his accounting firm has a better grasp of economics, tax strategy and shortcuts than all of the trumps combined. I'm not saying he's clinically retarded, but I'm damn sure not prepared to apply the term 'savvy' to his financial acumen.

Savvy people hire other savvy people who specialize in tax avoidance to do their taxes.

 

[utvolpj]

No. It's the government's money.

If it were our money then we would have check writing authority.

And the government knows.

No it's money taken from us under the guise of being used for our benefit. We elect reps to oversee that

The govt knows and will police itself? Sounds like a solid plan since none of them are crooked either

 

[DynaLo]

What on gods green earth makes you think there are other banks out there willing to do business with him?

Ummm...it’s what banks do...interest on loans is their bread and butter. The piper ultimately gets paid. Either the loan gets repaid with interest, the collateral is seized and resold or the loss offsets profits on the books and lowers the bank’s taxable income.

 

[NEO]

He has to declare this already on a separate filing form.

I could make 150k this year and buy a 150k MB sprinter van for my business on loans and at the end of the year would get a tax return for thousands.

This is the law.

Are we debating the law here or Trump legally abiding by tax laws?

Dont like the laws fight to change them but stop crucifying a businessman who simply paid an accountant to do their jobs and they then went and filed using the current laws on the books.

 

[NEO]

No it's money taken from us under the guise of being used for our benefit. We elect reps to oversee that

The govt knows and will police itself? Sounds like a solid plan since none of them are crooked either

I'm not gonna debate you here.

But maybe the whole progressive tax thing is a scam for people who dont get they are being duped.

 

[1972 Grad]

I could make 150k this year and buy a 150k MB sprinter van for my business on loans and at the end of the year would get a tax return for thousands.

This is the law.

Are we debating the law here or Trump legally abiding by tax laws?

Dont like the laws fight to change them but stop crucifying a businessman who simply paid an accountant to do their jobs and they then went and filed using the current laws on the books.

A Sprinter goes for $150K?

 

[Septic]

Savvy people hire other savvy people who specialize in tax avoidance to do their taxes.

You have a low bar of appreciation for someone who does what should be obvious to most folks.

Savvy?

 

[hog88]

Ummm...it’s what banks do...interest on loans is their bread and butter. The piper ultimately gets paid. Either the loan gets repaid with interest, the collateral is seized and resold or the loss offsets profits on the books and lowers the bank’s taxable income.

Actually packaging and selling the loans as securities is their bread an butter these days.

 

[1972 Grad]

You have a low bar of appreciation for someone who does what should be obvious to most folks.

Savvy?

If he wasn't savvy, he would do his own taxes on a 1040 EZ.

 

[McDad]

Dont like the laws fight to change them

There is no motivation to change the laws except for a few. We'll have a few day of back and forth in this thread. Next week it will be something else. But in the end, nothing will change.

 

[RockyTop85]

Why does Trump's former campaign manager want to kill himself?

Brad Parscale, Trump's former campaign manager, hospitalized after reported suicide attempt - CNNPolitics

Non-Partisan Watchdog Accuses Trump Campaign Of ‘Laundering’ $170 Million

 

[Mick]

I could make 150k this year and buy a 150k MB sprinter van for my business on loans and at the end of the year would get a tax return for thousands.

This is the law.

Are we debating the law here or Trump legally abiding by tax laws?

Dont like the laws fight to change them but stop crucifying a businessman who simply paid an accountant to do their jobs and they then went and filed using the current laws on the books.

Are you saying your business could make that much money and get the return or you. Aren't we supposed to keep the business from the personal?

 

[Septic]

If he wasn't savvy, he would do his own taxes on a 1040 EZ.

I'd wager he stumble in trying to spell 1040 EZ.

 

[McDad]

Non-Partisan Watchdog Accuses Trump Campaign Of ‘Laundering’ $170 Million

Hey @BowlBrother85 and @Mick, here's the laundering angle mentioned earlier.

Does the Epstein connection for paying off accusers come later today? Anybody wanna guess?

 

[DynaLo]

Actually packaging and selling the loans as securities is their bread an butter these days.

This is very true. I was going with the more traditional version in my response, my bad.

 

[Septic]

Actually packaging and selling the loans as securities is their bread an butter these days.

We'll never learn.

 

[Hunerwadel]

His casinos were over leveraged. Just look at how many Atlantic City casinos went bankrupt in the 90s and early 2000s. Several casino ownership groups were sold a bill of goods by Atlantic City and the state of NJ.

Yes, Trump is easily fooled. They probably flattered him and appealed to his ego.

 

[Mick]

We'll never learn.

You know regulating that is bad. Bad Obama. Bad.

 

[NEO]

A Sprinter goes for $150K?

You can get them loaded and customized to that. Personally I wouldn't as they are ugly and I am not a fan of MB.

 

[BowlBrother85]

Hey @BowlBrother85 and @Mick, here's the laundering angle mentioned earlier.

Does the Epstein connection for paying off accusers come later today? Anybody wanna guess?

Parscale trying to kill himself makes me wonder if something else is about to drop.

 

[1972 Grad]

You can get them loaded and customized to that. Personally I wouldn't as they are ugly and I am not a fan of MB.

Sounds like a motorhome for that much.