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How Trump avoids paying taxes

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  • How Trump avoids paying taxes

    Nothing nefarious here. As this article shows he is such a rotten business man he consistently loses so much money he hardly ever has any tax liability.https://www.motherjones.com/kevin-dr...siness-career/

  • #2
    We've been through this before. I know you're trying to forget how humiliated you were last time, but surely you remember.

    https://www.aol.com/article/news/201...urns/21891592/

    מה מכילות החדשות?


    • #3
      Our "I hate Trump" puppet, spamming the place again.

      As I said here; https://www.uspoliticsonline.com/for...773#post562773

      We have to dream up something more effective to take out Trump.

      We being rover and the rest of the "I hate Trump" puppets.

      מה מכילות החדשות?


      • #4
        Originally posted by Captain Trips View Post
        Our "I hate Trump" puppet, spamming the place again.

        As I said here; https://www.uspoliticsonline.com/for...773#post562773

        We have to dream up something more effective to take out Trump.

        We being rover and the rest of the "I hate Trump" puppets.
        Rachel is talking about this right now. In one of the years Trump actually paid taxes he declared that much of his income came from interest. Sounds okay, but no one can figure he got the assets to generate that much income. This might be why his so determined to keep his financials secret. He wants to live off of the myth that he's some kind of master businessman. Yeah right just look at the way he's exploaded the national debt

        מה מכילות החדשות?


        • #5
          Originally posted by redrover View Post
          Rachel is talking about this right now. In one of the years Trump actually paid taxes he declared that much of his income came from interest. Sounds okay, but no one can figure he got the assets to generate that much income. This might be why his so determined to keep his financials secret. He wants to live off of the myth that he's some kind of master businessman. Yeah right just look at the way he's exploaded the national debt
          If Mr. Trump was a tax scammer/evader it would have been big news long ago.

          Do you honestly think the IRS doesn't chase around every red cent people as well off as Mr. Trump is makes ?

          The IRS LOVES to spend time harassing people that make this kind of money... it's where most of Americas taxes are paid .. from these rich people LOL

          Maybe we can impeach him for exploding the national debt ? -shrugs- Just a thought.

          Since the collusion/obstruction thing is going nowhere ever.

          מה מכילות החדשות?


          • #6
            Originally posted by Captain Trips View Post

            If Mr. Trump was a tax scammer/evader it would have been big news long ago.

            Do you honestly think the IRS doesn't chase around every red cent people as well off as Mr. Trump is makes ?

            The IRS LOVES to spend time harassing people that make this kind of money... it's where most of Americas taxes are paid .. from these rich people LOL

            Maybe we can impeach him for exploding the national debt ? -shrugs- Just a thought.

            Since the collusion/obstruction thing is going nowhere ever.
            Other than the obvious conclusion that Trump is a terrible businessman One must wonder how during this period of massive financial losses Mr. Trump was able to maintain his lavish playboy lifestyle. I wonder if it's possible that Mr. Trump overstated his losses to avoid paying taxes. We know being a tax cheat is more palatable to Republicans than being a terrible businessman..

            מה מכילות החדשות?


            • #7
              Originally posted by redrover View Post

              Other than the obvious conclusion that Trump is a terrible businessman One must wonder how during this period of massive financial losses Mr. Trump was able to maintain his lavish playboy lifestyle. I wonder if it's possible that Mr. Trump overstated his losses to avoid paying taxes. We know being a tax cheat is more palatable to Republicans than being a terrible businessman..
              You think a guy that gets audited regularly is a tax cheat? My, what little faith you have in the IRS. Maybe a lot of other billionaires aren't really billionaires. Maybe Elon Musk is a fraud, we know Tesla would have been bankrupt long ago (if it ever would have been formed) if it weren't for government subsidies.

              מה מכילות החדשות?


              • #8
                Originally posted by CYDdharta View Post

                You think a guy that gets audited regularly is a tax cheat? My, what little faith you have in the IRS. Maybe a lot of other billionaires aren't really billionaires. Maybe Elon Musk is a fraud, we know Tesla would have been bankrupt long ago (if it ever would have been formed) if it weren't for government subsidies.
                Back in 2004 David Cay Johnston wrote a excellent book about how the super rich game the tax system . It's called Perfectly Legal. https://www.amazon.com/Perfectly-Leg...r=8-1-fkmrnull

                מה מכילות החדשות?


                • #9
                  Originally posted by redrover View Post
                  Back in 2004 David Cay Johnston wrote a excellent book about how the super rich game the tax system . It's called Perfectly Legal. https://www.amazon.com/Perfectly-Leg...r=8-1-fkmrnull
                  If it's legal, it's legal what do you want ?

                  Go complain to the IRS and the clowns in D.C.

                  You're just another envious person pissing and moaning about others having more than you, otherwise.

                  מה מכילות החדשות?


                  • #10
                    Just so much re-tread because the TDS media doesn't have anything else to whine, piss and moan about today.

                    מה מכילות החדשות?


                    • #11
                      Originally posted by Captain Trips View Post

                      If it's legal, it's legal what do you want ?

                      Go complain to the IRS and the clowns in D.C.

                      You're just another envious person pissing and moaning about others having more than you, otherwise.
                      To take a page from one of your arguments. Abortion is perfectly legal so what's your problem? Just because there is a lot of wiggle room in the tax laws doesn't mean that some of the questionable things some people are ethical or right. For example Trump keeps eight goats at his NJ golf course so he can take advantage of a tax break intended for people who own farm land. Perfectly legal as the book says. The book was written to create outrage in those who pay our taxes without looking for every slimy slippery way possible for transferring the tax burden onto others.

                      מה מכילות החדשות?


                      • #12
                        Originally posted by redrover View Post
                        To take a page from one of your arguments. Abortion is perfectly legal so what's your problem? Just because there is a lot of wiggle room in the tax laws doesn't mean that some of the questionable things some people are ethical or right. For example Trump keeps eight goats at his NJ golf course so he can take advantage of a tax break intended for people who own farm land. Perfectly legal as the book says. The book was written to create outrage in those who pay our taxes without looking for every slimy slippery way possible for transferring the tax burden onto others.
                        So complain to the bright folks who write the tax code. Which I think is ridiculous too, by the way.

                        And, as much as I envy and am jealous of the rich ( yes, I'm guilty of it too ), I think it should be pointed out that it is they who pay the biggest amount in taxes. They, that most of the revenue the IRS collects, comes from.

                        So, they're highly motivated to find every bit of bureaucratic nitwittery ie "loopholes" in the tax code to use to their advantage.

                        Seems like a good argument for a flat tax for all ? I don't know ? It might help put an end to the kinds of things you describe ?

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                        • #13

                          Demanding & demented Demorats ... won't get to see the presidents tax returns.

                          ... and the world keeps on going forward just fine

                          ----------------------------------------------------------------------------------------------------------------------

                          Democrats Will Never See Trump Tax Returns

                          Democrats will "never" see President Donald Trump's tax returns, said White House chief of staff Mick Mulvaney on Sunday, as a new front opened in the confrontation between the administration and Congress.

                          Mulvaney accused Democrats of engaging in a "political stunt" and wanting "attention" after the chairman of the House Ways and Means Committee, Rep. Richard Neal, asked the IRS to provide six years of Trump's personal tax returns and the returns for some of his businesses.

                          "That is not going to happen and they know it," Mulvaney told "Fox News Sunday." Asked whether he believe Democrats would ever view the president's returns, Mulvaney replied: "Oh no, never. Nor should they."


                          .......


                          https://www.newsmax.com/headline/mul.../07/id/910537/

                          מה מכילות החדשות?


                          • #14
                            I have never thought much of Trump's business acumen in terms of being particularly competent in running businesses. Where Trump does seem to have talent is in branding/marketing (much of the money he has made has come through licensing the Trump brand to businesses he gets a stake in as part of the licensing arrangement, but doesn't actively manage himself. He also does do real estate development fairly well. Trumps branding/marketing acumen is what has generated most of his current wealth (and political success quite frankly).

                            He has had plenty of bad businesses (quite frankly, I never got the appeal of his ties, and why would I want Trump steaks or wine), but two very large sets of losses which I do not think it is fair to pile on over is some of his late-80's development projects (which were slammed along with many others by the Bush 41 tax policy changes, which for one of the first times in history, did not have features grandfathering in many deals which were entered into prior to the tax changes, which fundamentally altered the financial aspects of the development), this was part of what led to the general recession that cost Bush 41 reelection. The other was his Atlantic City Casino/Hotels which suffered due to the general decline of that city which was (again) more the fault of public policy decisions than the businesses subsequently impacted by those decisions.

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                            • #15
                              Originally posted by Marcus1124 View Post
                              I have never thought much of Trump's business acumen in terms of being particularly competent in running businesses. Where Trump does seem to have talent is in branding/marketing (much of the money he has made has come through licensing the Trump brand to businesses he gets a stake in as part of the licensing arrangement, but doesn't actively manage himself. He also does do real estate development fairly well. Trumps branding/marketing acumen is what has generated most of his current wealth (and political success quite frankly).

                              He has had plenty of bad businesses (quite frankly, I never got the appeal of his ties, and why would I want Trump steaks or wine), but two very large sets of losses which I do not think it is fair to pile on over is some of his late-80's development projects (which were slammed along with many others by the Bush 41 tax policy changes, which for one of the first times in history, did not have features grandfathering in many deals which were entered into prior to the tax changes, which fundamentally altered the financial aspects of the development), this was part of what led to the general recession that cost Bush 41 reelection. The other was his Atlantic City Casino/Hotels which suffered due to the general decline of that city which was (again) more the fault of public policy decisions than the businesses subsequently impacted by those decisions.
                              During the debates Clinton made reference to the fact that Trump rarely pays taxes and Trump said that's because he's smart. Only in America is it considered smart to lose a billion dollars to dodge paying taxes.I must be doing something wrong because I paid 34 thousand more in taxes than the year before.

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