Trump's Taxes

#1,578
#1,578
Y9 Vol said:
I would think you guys would rather see the tax returns of the ladies and gentlemen that came to DC with nothing and are now millionaires off of being a "public servant".
Click to expand...

That would require the use of common sense or street smarts. They're just book smart.
 
  • Like
Reactions: Y9 Vol
#1,579
#1,579
BigOrangeD said:
Carney: NY Times’ Attack on Trump’s ‘Financial Acumen’ Is Nonsense
Sez Trump Bad at Business Because He Invests Lots of Money
No Allegations of Wrong Doing

The Times swings and misses with a contradictory, odd-ball attack on the president based on decades of tax data. |
Click to expand...
The New York Times report detailed pretty well that Trump is bad at business and why. He is bad because he borrows a lot of money, invests it, loses it and then defaults on what he has borrowed. He then sues the lender into a settlement. Everyone is aware of his past high profile failures in Atlantic City and his airline. I don't think most people were aware of how much in the red that Doral is. His name and the politicization of the brand is running that place into the ground.
 
#1,593
#1,593
BigOrangeMojo said:
All that means is that Trump gave the IRS an interest free loan of $1M and $4.2M. He could have requested a refund of this overpayment at any time after filing the 2016 or 2017 return but he decided to apply the overpayment to future years.

Trump's income tax was $750 for each year. Paying in $1MM too much and $4.2MM too much doesn't change the fact that his TAX was $750.
Click to expand...
@BigOrangeD :

This was a response to your post from "BigOrangeMojo". He responded to you in post #1,559. He probably said it better than I could have.
 
#1,596
#1,596
BigOrangeD said:
I saw but he's just wrong.
Click to expand...

No I'm not. If my 2020 tax calculation showed I have 50,000 in income tax and I paid 500,000 in estimated taxes, I could get 450,000 either refunded or applied to the next year. While it's technically correct that I paid 500,000, its disingenuous since I could get 450,000 refunded back to me when I file my return. In this example, my 2020 tax was 50K, not 500K.

I'll gladly put my tax credentials against you or alexthechick.
 
#1,598
#1,598
BigOrangeD said:
Carney: NY Times’ Attack on Trump’s ‘Financial Acumen’ Is Nonsense
Sez Trump Bad at Business Because He Invests Lots of Money
No Allegations of Wrong Doing

The Times swings and misses with a contradictory, odd-ball attack on the president based on decades of tax data. |
Click to expand...
He payee the money as required when he asked for an extension. His liability at actually filing time was the $750 and the millions he did put up he put toward future tax liabilities
 
  • Like
Reactions: hog88 and AM64
New posts
You must log in or register to reply here.

VN Store



Back
Top