This is the one thing MC doesn't understand about Trumps taxes

[jtssrx]

Everything Trump did with regard to his taxes was 100% legal. It doesn't matter that he gave his Daughter X number of dollars and wrote them off. The people you should be pissed at are the people who wrote the tax laws. IE people like Joe Biden and Kamala Harris. One was a Senator and the other currently is one. 

 

Do you care that Biden used a Scorp to shelter money to escape payroll taxes of 1.5 million? No you only care what Trump does becuase you're a fucking hypocrite.

 

At the end of the day, there should be a flat tax that everyone pays that's the only fair tax. the Current code is there to protect the super-rich and play to the poor 

[Angry ginger]

Just now, jtssrx said:

Everything Trump did with regard to his taxes was 100% legal. It doesn't matter that he gave his Daughter X number of dollars and wrote them off. The people you should be pissed at are the people who wrote the tax laws. IE people like Joe Biden and Kamala Harris. One was a Senator and the other currently is one. 

 

Do you care that Biden used a Scorp to shelter money to escape payroll taxes of 1.5 million? No you only care what Trump does becuase you're a fucking hypocrite.

 

At the end of the day, there should be a flat tax that everyone pays that's the only fair tax. the Current code is there to protect the super-rich and play to the poor 

you have no facts to support that position.  The IRS will be the arbiter of that,   or the state of NY.  There is a reason years later the audit is still ongoing.  

 

As far as the bold great soundbite but the flat tax percentage needed would raise the effective tax rate on a vast majority of Americans while benefitting many at the top as the rate needs to be set high enough to bring in the same revenue numbers.   people can easily make 6 figures in this country with a 10% effective tax rate,  make that rate say a flat 17% and they are seeing a 70% tax increase.  Meanwhile the high income earner whose paying in the 20's is going to see a 15%+ cut. 

 

 

 

[jtssrx]

4 minutes ago, Angry ginger said:

you have no facts to support that position.  The IRS will be the arbiter of that,   or the state of NY.  There is a reason years later the audit is still ongoing.  

 

As far as the bold great soundbite but the flat tax percentage needed would raise the effective tax rate on a vast majority of Americans while benefitting many at the top as the rate needs to be set high enough to bring in the same revenue numbers.   people can easily make 6 figures in this country with a 10% effective tax rate,  make that rate say a flat 17% and they are seeing a 70% tax increase.  Meanwhile the high income earner whose paying in the 20's is going to see a 15%+ cut. 

 

 

 

No laws were broken if he had he would've been indicted. The Dipshit in new york that's chasing this is a political hack that never cared about Trumps taxes until he ran as a republican. 

 

 

[Highmark]

Trump was actually asked about a $900+ million loss by Anderson Cooper in the 2016 debate and he said "of course he wrote it off going forward."

Who in their right mind wouldn't?   Now if they want to try and prove that the loss was stated greater than it was then the IRS should have taken it up then. 

Edited September 29, 2020 by Highmark

[Angry ginger]

5 minutes ago, jtssrx said:

No laws were broken if he had he would've been indicted. The Dipshit in new york that's chasing this is a political hack that never cared about Trumps taxes until he ran as a republican. 

 

 

ah so now your the judge and jury.    NY is investigating him for tax fraud and he's impeded this to avoid any charges.   

[Mainecat]

1 hour ago, jtssrx said:

Everything Trump did with regard to his taxes was 100% legal. It doesn't matter that he gave his Daughter X number of dollars and wrote them off. The people you should be pissed at are the people who wrote the tax laws. IE people like Joe Biden and Kamala Harris. One was a Senator and the other currently is one. 

 

Do you care that Biden used a Scorp to shelter money to escape payroll taxes of 1.5 million? No you only care what Trump does becuase you're a fucking hypocrite.

 

At the end of the day, there should be a flat tax that everyone pays that's the only fair tax. the Current code is there to protect the super-rich and play to the poor 

Your failure to understand is that his tax returns made public that he’s a HUGE business failure.

[Angry ginger]

8 minutes ago, Mainecat said:

Your failure to understand is that his tax returns made public that he’s a HUGE business failure.

actually what's rumored to be in his tax returns don't actually prove that.   You do realize that to use NOL's you have to have income to offset.  Anyone whose had hundreds of millions in NOL and has gotten back to where they pay taxes i like it or not a sucess.  Esp when in RE often paper losses occur.  

trump is full of shit a lot but you can't say he is just a failure.   He's had more than his share for sure because of his ego but end of the day he's got more than anyone on here and more than anyone we know.  

 

 

[Jimmy Snacks]

17 minutes ago, Angry ginger said:

actually what's rumored to be in his tax returns don't actually prove that.   You do realize that to use NOL's you have to have income to offset.  Anyone whose had hundreds of millions in NOL and has gotten back to where they pay taxes i like it or not a sucess.  Esp when in RE often paper losses occur.  

trump is full of shit a lot but you can't say he is just a failure.   He's had more than his share for sure because of his ego but end of the day he's got more than anyone on here and more than anyone we know.  

 

 

That’s fine but he also has 300-400 million in personally guaranteed loans. Also none of us here were handed tens and hundreds of millions of dollars nor have any of us ran for President on them premise of being an amazing billionaire businessman. 

[J. Jackson]

24 minutes ago, Jimmy Snacks said:

That’s fine but he also has 300-400 million in personally guaranteed loans. Also none of us here were handed tens and hundreds of millions of dollars nor have any of us ran for President on them premise of being an amazing billionaire businessman. 

He was handed millions of dollars...skip-He was handed millions of dollars...skip-He was handed millions of dollars...skip-He was handed millions of dollars...skip-He was handed millions of dollars...skip so on-so on-so on

[snoughnut]

26 minutes ago, Jimmy Snacks said:

That’s fine but he also has 300-400 million in personally guaranteed loans. Also none of us here were handed tens and hundreds of millions of dollars nor have any of us ran for President on them premise of being an amazing billionaire businessman. 

Good lord you whiny little bitch, what are you going to do with yourself if Biden is elected?

[frenchy]

holy fuck can someone take snoputz off auto-repeat?

 

[ArcticCrusher]

51 minutes ago, Jimmy Snacks said:

That’s fine but he also has 300-400 million in personally guaranteed loans. Also none of us here were handed tens and hundreds of millions of dollars nor have any of us ran for President on them premise of being an amazing billionaire businessman. 

Above your pay grade, way above.

[Angry ginger]

1 hour ago, Jimmy Snacks said:

That’s fine but he also has 300-400 million in personally guaranteed loans. Also none of us here were handed tens and hundreds of millions of dollars nor have any of us ran for President on them premise of being an amazing billionaire businessman. 

Yes personal guarantees are a common thing in business.    400 million on property worth 300 million is an issue.  On property worth 700 million non issue.   70% leverage would be relatively normal meaning north of 600 million in assets backing that up is nothing but a sound bite.  

[snoughnut]

1 hour ago, frenchy said:

holy fuck can someone take snoputz off auto-repeat?

 

Settle down bald fucky from canucky. 

[ArcticCrusher]

1 hour ago, Angry ginger said:

Yes personal guarantees are a common thing in business.    400 million on property worth 300 million is an issue.  On property worth 700 million non issue.   70% leverage would be relatively normal meaning north of 600 million in assets backing that up is nothing but a sound bite.  

You don't know that unless you look at the overall cash flow.  Sounds about right and well within the norm of others.  But Trump.

[DriftBusta]

2 hours ago, snoughnut said:

Good lord you whiny little bitch, what are you going to do with yourself if Biden is elected?

 

Exactly as predicted.  Unsourced, anonymous opinion, no actual copies of the returns.......a day before the debate,a month before the election....a week after he called dead veterans losers and suckers.....this weeks fake news du jour, and we still have the usual dipshits going on like they're forensic accountants. If he broke laws, the IRS would let us know. 

[jtssrx]

3 hours ago, Mainecat said:

Your failure to understand is that his tax returns made public that he’s a HUGE business failure.

So you’re expert Analysis of the returns gives you proof of a huge business failure?! Please detail from the tax returns what gave you this opinion