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Breaking: Trump Tax Records Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades

9-10ths_Penguin

1/10 Subway Stalinist
Premium Member
This is not only speculative, it presumes that businesses shouldn't minimize tax liability when playing by the rules government has laid down.
It's entirely possible that Hillary eats live puppies while writing scripts for the Kardashians.
Show me some fact based accusations, & then we'll see what matters.
Going by the link that Sunstone posted earlier (https://thinkprogress.org/7-tweets-...-are-very-awkward-now-75b500ea4f45#.8smi3xx9g), here are a few examples of quotes from Trump's tweets that have now been exposed as either lies or hypocritical:

@BarackObama who wants to raise all our taxes, only pays 20.5% on $790k salary. http://1.usa.gov/HFZJKH Do as I say not as I do.

Trump is an American that will pay more taxes in one year than you pay in your entire life.

You know what is the worst part of @BarackObama's Tuesday speech playing class warfare--we paid for it with our tax dollars.

I do agree with Trump that one who games the tax code is the most qualified to change it.
His experience is in resisting taxation, while Hillary's is in imposing it upon others.
In this regard, he's the stronger candidate.
Was it Trump who gained the tax code, or his accountants?

Regardless of whether he has the technical knowledge of the tax code to fix it, I don't trust someone who has benefitted by tax loopholes to the tune of (as a conservative guess) tens of millions of dollars to be the one to close those loopholes. It would go against his self-interest.

In any case, he's made announcements about his tax plan, so we don't need to speculate about whether he's willing or able to fix the problems. He's said what he plans to do; does it fix them?

http://www.diffen.com/difference/Trump-vs-Clinton-Tax-Plan (tip of the hat to @idav for the link)
 

columbus

yawn <ignore> yawn
I don't trust someone who has benefitted by tax loopholes to the tune of (as a conservative guess) tens of millions of dollars to be the one to close those loopholes. It would go against his self-interest.
Exactly!
Can anyone show a substantial event where Trump chose something against his own best interests?
I cannot. Anybody who has gotten elected to high office has had to balance competing interests. Trump has never done that to the best of my knowledge. Why does anyone think he will advocate for tax policies that would negatively impact his ability to avoid paying his share?
Tom
 

suncowiam

Well-Known Member
Yes. He's choosing to take advantage of tax loopholes for his own benefit. His rants about Mexicans and other immigrants being the woes of America's economy, that they pay no tax and just leech off the system are undiluted hypocrisy coming from a man who does business in America yet pays the country nothing back for using its labour hours & man power as well as presumably taking advantage of numerous loopholes, grants etc.




Sorry to be so blunt (and this isn't aimed at you so much as the dire obviousness of the situation), but a dyslexic chimp could have told us that America's tax laws are broken. That's not an adequate excuse for Trump to deliberately avoid paying any.

Everyone uses tax deductions. The amount one can deduct is arbitrary. If one can, then one should.

This is just a double standard.

BTW, I vote consistently on taxes that affect the rich because I do believe that the rich should pay more. I try to fix this by legally changing the processes instead of forcing and shaming individuals for "they should do this or should do that."
 

fantome profane

Anti-Woke = Anti-Justice
Premium Member
My guesstimation is that it is another one of those last minute bids in the election game playing on the idea that big business is greedy and evil which seems a popular idea with those less well off who need someone or something to point the finger at instead of spending that energy working towards improving their situation.
How dare these lowlife scum point a finger at big business! If they are going to point fingers they should point them in the right direction. At the Mexicans.
 

Parchment

Active Member
How dare these lowlife scum point a finger at big business! If they are going to point fingers they should point them in the right direction. At the Mexicans.
Just because some people aren't in as good of a financial position as they want or could be doesn't make them lowlife scum fp, it just makes them people that haven't gotten to where they want to be yet if they are trying and not blaming others for their situation. What did Mexicans ever do to you? there are many people of Hispanic descent in the U.S. who are hardworking, productive members of society. I don't get you
 

fantome profane

Anti-Woke = Anti-Justice
Premium Member
Just because some people aren't in as good of a financial position as they want or could be doesn't make them lowlife scum fp, it just makes them people that haven't gotten to where they want to be yet if they are trying and not blaming others for their situation. What did Mexicans ever do to you? there are many people of Hispanic descent in the U.S. who are hardworking, productive members of society. I don't get you
I am not being serious, I thought it would be apparent that my post was dripping with irony.

The point is that Trump has based his entire campaign on pointing fingers and blaming others. Started the campaign by telling people that all their problems were caused by to nasty Mexicans.
 

Revoltingest

Pragmatic Libertarian
Premium Member
Going by the link that Sunstone posted earlier (https://thinkprogress.org/7-tweets-...-are-very-awkward-now-75b500ea4f45#.8smi3xx9g), here are a few examples of quotes from Trump's tweets that have now been exposed as either lies or hypocritical:
I don't dispute his being dishonest or hypocritical at times.
I'm just addressing the tax situation.
Was it Trump who gained the tax code, or his accountants?
Both.
In business, one teams up with one's accountants, lawyers & tax advisers.
We plan strategies both before (to plan ahead)& after (when things turn out differently from plans) events.
Regardless of whether he has the technical knowledge of the tax code to fix it, I don't trust someone who has benefitted by tax loopholes to the tune of (as a conservative guess) tens of millions of dollars to be the one to close those loopholes. It would go against his self-interest.
I don't trust any of them.
But Trump would have the keenest knowledge of dysfunction in the tax code.
I know that when I discuss such things with people not in business, I discover
that they've no clue how things work. Worse yet, they get their understanding
from media talking heads who also don't understand.....or even movies.
In any case, he's made announcements about his tax plan, so we don't need to speculate about whether he's willing or able to fix the problems. He's said what he plans to do; does it fix them?
http://www.diffen.com/difference/Trump-vs-Clinton-Tax-Plan (tip of the hat to @idav for the link)
I read his tax proposals a month or so ago.
I'd prefer a different approach.
 

ShivaFan

Satyameva Jayate
Premium Member
Do you know how lame this is?

Do you know THE NEW YORK TIMES ITSELF PAID NO TAXES IN 2014 because of such huge losses because no one wants to read their stupid newspaper anymore?

http://www.breitbart.com/big-journalism/2016/10/02/new-york-times-paid-no-taxes-2014/

This is the same newspaper running a Hillary Clinton hit piece that "Trump" (due to business losses) "may" not have paid taxes in 1995 - they actually do not have any proof that he didn't, in 1995 due to the horrible home prices which continued to slide in many regions, and new residential construction failed to recover as expected and Atlantic City casinos were in trouble economically and Trump had some business losses that can be written off as losses and is of course legal - this isn't Trump personally, there is no evidence that Trump personally paid no taxes and of course business losses should be written off, I write off things in my taxes every year legally and to the letter of the law including my IRA contributions and I say "good job" to everyone who does as I want to give as little money to these crooks in government as possible who squander my money without any accountability at all and who are selfish corrupt crony capitalists like Jerry Brown, Democratic governor of California.

This is laughable, a comedy, such piggish hypocrits with this "might have not" b.s. from the New York Times about 1995 when these sob's paid NO TAXES THEMSELVES IN 2014 BECAUSE THEIR CIRCULATION SUCKS AND THEIR PAPER SUCKS AND BECAUSE THEY GOT TAX BONUS BECAUSE THEY ARE LOSERS AND ABOUT TO GO BANKRUPT AND FIRING EMPLOYEES and who is the tax "cheaters" here?
 

Shadow Wolf

Certified People sTabber & Business Owner
Much of the article is not noting the loss as problem for Trump and more of an issue with tax code
Couldn't it be possible that it is a problem with both? The tax code for allowing it, and Trump for taking advantage of such a situation?
 

columbus

yawn <ignore> yawn
Do you know THE NEW YORK TIMES ITSELF PAID NO TAXES IN 2014 because of such huge losses because no one wants to read their stupid newspaper anymore?
Here's why that is irrelevant to the Trump situation.
The NYT isn't claiming that their business acumen is a reason to read their paper or website.
Trump is claiming that his ability to make money is a reason (the only reason really) to vote for him to be POTUS. Now he's claiming that it is smart to lose money, because then you don't have to pay taxes.
Tom
 
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