trump is serious!!!!!

[Jarlaxle]

Spot on...and that is why I am voting Trump.

[Econoline]

Spot on...and that is why I am voting Trump eating a platter of shit with broken glass...

FTFY

[Econoline]

[Lord Jim]

Deadbeat Don (Many people are calling him Deadbeat Don, not me, but many people are) is a hypocrite...

Donald Trump Has Long Blasted Others for Not Paying Taxes

Republican presidential nominee Donald Trump has long been critical of the American tax code and, as he often does, the businessman has repeated taken to airing his grievances on Twitter. But a recent report from the New York Times that showed a $916 million income loss in 1995 could have kept Trump from having to pay federal income taxes for nearly two decades is calling renewed attention to Trump’s old tax tweets.

For example, in 2012, Trump was critical of half of Americans who he said do not pay income tax “despite crippling [government] debt.

Donald J. Trump
✔
@realDonaldTrump

HALF of Americans don't pay income tax despite crippling govt debt...http://plu.gd/qLa
11:59 AM - 23 Feb 2012

Later that year, he criticized a “Facebook billionaire” for giving up his U.S. citizenship in order to “save taxes.”

Donald J. Trump
✔
@realDonaldTrump

Facebook billionaire gives up his U.S. citizenship in order to save taxes. I guess 3.8 billion isn't enough for (cont) http://tl.gd/hdnk92
12:12 PM - 14 May 2012

Here are a few more.

Donald J. Trump
✔
@realDonaldTrump

If @amazon ever had to pay fair taxes, its stock would crash and it would crumble like a paper bag. The @washingtonpost scam is saving it!
7:22 AM - 7 Dec 2015

Donald J. Trump
✔
@realDonaldTrump

Mitt Romney,who totally blew an election that should have been won and whose tax returns made him look like a fool, is now playing tough guy
3:13 PM - 24 Feb 2016

The Trump campaign threatened legal action against the Times, but did not deny the substance of the report. The candidate himself suggested in last week’s first presidential debate that avoiding a massive tax bill would make him “smart.”

http://time.com/4516001/donald-trump-taxes-twitter/

[Lord Jim]

Illegal aliens pay more in federal income tax than Deadbeat Don does:

How much do undocumented immigrants pay in taxes?

Donald Trump may not have paid federal income taxes for 20 years, but the undocumented immigrants he rails against certainly have, according to the head of a Latino civic engagement organization.

Maria Teresa Kumar, CEO and president of Voto Latino, said on NBC’s Meet the Press that "no one is surprised" by the New York Times report on Trump’s personal finances and pointed out Trump’s "hypocrisy."

"He keeps talking about undocumented immigrants. Undocumented immigrants pay $12 billion of taxes every single year. They pay their taxes. They have skin in the game. He is not contributing to a system that he says he's going to go in and fix," Kumar said.

Kumar referred us to an Atlantic piece about undocumented immigrants paying Social Security taxes. It cites a note issued by the Social Security Administration in 2013 that contains the $12 billion figure. But the calculation is based on contributions from immigrants and their employers, not just the immigrants themselves.

According to the Social Security Administration, there were nearly 11 million undocumented immigrants in the United States in January 2009. Factoring out kids, nonworking immigrants and those working in the underground economy and not paying taxes, the Social Security Administration estimated about 3.1 million unauthorized immigrants who worked and paid Social Security taxes in 2010.

This group and their employers generated about $13 billion in payroll taxes in 2010. The administration then subtracted about $1 billion in benefits that could’ve been received in 2010 from earnings in years when workers were unauthorized. Workers and employers contribute roughly the same amount.

In a 2014 Vice News piece, the Social Security Administration’s chief actuary Stephen C. Goss affirmed the $12 billion contribution.

Social Security Administration analysts said "a relatively small portion" of those who could draw benefits do so.

Laws enacted in 1996 and 2004 block Social Security benefits paid to unauthorized immigrants or to any noncitizen without a work-authorized Social Security number at some point in time, the administration said.

http://www.politifact.com/punditfact/st ... pay-taxes/

[oldr_n_wsr]

Remember, in order to take this deduction, one had to risk real money and lose it. We can argue over how good a businessman Trump is to have lost this kind of money, but this tax law is written to attempt to keep businesses, large and small, in business. This allows business owners to deduct the loses so they can climb out of the hole and keep their doors open. and when you are talking of almost a billion dollars, the business owner (aka trump) is not the only one on the hook. If he goes under, other businesses (probably a bank or banks) may go under too.

I believe Warren Buffet also has lost billions and took similar deductions allowed by law. Didn't it come out that he pays less in taxes than a secratary in his firm?

The problem is not that someone took advantage of the tax code as written, it's the tax code itself. Who here doesn't take all deductions allowed by law? If you had lost money on a failed business, wouldn't you take the same deductions in subsequent years as allowed?

The only difference we are talking about is the scale of the loss/deductions. Trump and his ilk deal in a money scale that is many times greater than any of us. Their potential losses (and gains) are much greater than I/we could ever be involved with.

And on a side note, isn't it illegal to publish someone eleses tax returns (even part of a tax return)?

[Crackpot]

In short no.

[oldr_n_wsr]

"No" to what?
Publishing someone elses tax returns?

[Lord Jim]

And on a side note, isn't it illegal to publish someone eleses tax returns

No, it is not...

Any more than it is illegal to publish classified material...(this has been established in a series of court cases)

On the other hand, whoever sent Trump's tax return to the NYT, unless it was Trump or someone authorized by him, (that's not as crazy as it sounds; it could be an effort by him to change the media focus away from his debate performance and subsequent week of blunders) or Marla Maples (This was also her tax return; they were married at the time and she's a co-signer on the return) has committed a crime...

[wesw]

that s two.....

bravo.

[Sue U]

Remember, in order to take this deduction, one had to risk real money and lose it. We can argue over how good a businessman Trump is to have lost this kind of money, but this tax law is written to attempt to keep businesses, large and small, in business. This allows business owners to deduct the loses so they can climb out of the hole and keep their doors open. and when you are talking of almost a billion dollars, the business owner (aka trump) is not the only one on the hook. If he goes under, other businesses (probably a bank or banks) may go under too.

The fact is that Trump had very little of his own money invested in his failed casino-hotel-airline businesses, beyond a "personal guarantee" of a portion of the debt. When those businesses collapsed, yes, the investors and bondholders took serious losses on the real money they had actually put up, and thousands of employees, vendors and contractors -- regular working folks just trying to earn a living doing their jobs -- got stiffed.

Without seeing the rest of his tax returns it's hard to know for sure, but it is almost certain that Trump's "losses" were only on paper and entirely a legal fiction. (He has even bragged that he has gotten rich off his companies' bankruptcies.) One theory is that Trump may have "parked" the debt from his bankruptcies with a dummy party offshore, where it was never collected but never officially forgiven (since not subject to U.S. jurisdiction). This would allow him to declare $916 million in losses even though he never truly lost anything.

[Big RR]

And before we hear him crow again about how well he knows the tax laws, I am certain Trump had hordes of accountants handling this for him. Listen to him talk about taxes, or look at what little is published re his tax overhaul plan, and you'll see this comes from a guy who read the Dummy's Guide to Tax Accounting (or maybe took the course at Trump U) and now thinks he is an expert.

If he wants to take the deductions he's allowed under the law and does so, I won't criticize him for it. But I won't sing his praises either.

[wesw]

[Lord Jim]

And before we hear him crow again about how well he knows the tax laws, I am certain Trump had hordes of accountants handling this for him. Listen to him talk about taxes, or look at what little is published re his tax overhaul plan, and you'll see this comes from a guy who read the Dummy's Guide to Tax Accounting (or maybe took the course at Trump U) and now thinks he is an expert.

Come on now, be fair...

I'm sure Trump knows every bit as much about tax law as he does about The Nuclear Triad...

[Big RR]

Perhaps.

[Bicycle Bill]

If this is what Trump means by "Making America Great Again", I'll settle for whatever it is we've got now.



-"BB"-

[Econoline]

[Bicycle Bill]

-"BB"-

[BoSoxGal]

Seriously predatory, that is.

BREAKING NEWS - 'His hands where everywhere... he was like an octopus': FOUR women come forward to claim Donald Trump 'touched them inappropriately

http://www.dailymail.co.uk/news/article ... ately.html

The numbers are rising by the hour. He walked in on naked TEENAGERS at the Miss Teen USA pageant!

Sick fuck.

[RayThom]

Hey, kids, be the first person on your block to own the Trump Black No Visa Debit Card®. NO annual fee, NO Annual Percentage Rate (APR), NO credit limit. Load it with any amount indicated and get nothing in return. Just like the issuer it is absolutely good for nothing. Act now while they last. Offer expires 11/08/16.

What's in your toilet?


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