Do you really believe this is what he meant?
It seems brilliantly clear to me that losing money is not the goal.
But if one does have a loss, then it's smart to use it to reduce tax liability.
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Breaking: Trump Tax Records Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades
- Thread starter Sunstone
- Start date
It seems brilliantly clear to me that losing money is not the goal.
But if one does have a loss, then it's smart to use it to reduce tax liability.
I am not a mind reader. All I have to go on is what he says and the facts now coming to light.
If he lost so much money in 1995 that he hasn't had to pay as much income tax since as I have, then he is not a better business man than I am.
He is a bigger leech.
Tom
If he is such a brilliant business man, then why does he keep lying about his tax returns? He says he can't release them due to an audit and the IRS says that isn't true.
Tom
Parchment
Active Member
Do you voluntarily pay more taxes to the IRS than you legally have to?
If the answer is no then you are just complaining and maybe a little bit jealous
If the answer is yes please explain why you pay more taxes than you legally have to
I don't claim to be a billionaire and I am not running for president on the strength of my ability to make money.
If Trump's ability to make money doesn't rise to the level of taxpaying citizen, then electing him based on his ability to work the system and leech off it is pretty stupid.
Tom
But do you believe that he intended to say losing money is smart?
I don't see the connection between being brilliant at business & lying about tax returns.....whatever that lie might be.
The IRS might be referring to legal requirements.
Trump might have some other reason.
Example:
The various results of an audit could paint a different picture to the public.
Perhaps he expects that once the dust settles, he'll look better.
I don't know.
Whether this is true or not doesn't matter to me.
To choose between Trump & Hillary is not about voting for the honest one.
That would be the empty set.
Hillary's corrupt relationship with Bill, Comey & Lynch is far more disturbing,
but even that isn't the reason I'm voting against her. She's a crook....meh.
I'm more concerned with her being an authoritarian socialistic hawk.
No, I believe he meant to say that being a leech on society who owns a jet and a trophy wife is smart.
Tom
That is why he lies and says "I can't release my returns because I am being audited", when the truth is closer to "I can't release my returns because then people will know what I am lying about ".
Tom
Shadow Wolf
Certified People sTabber & Business Owner
Wonder how much I'll have to loose repairing/selling electronics to not ever have to worry about it?
I hear some, Giuliani and Christie, calling it "genius" since he didn't have to pay taxes, cause somehow losing almost a billion dollars is genius. I'm dumbfounded.
Let me clarify.
To many (both pro & anti Trump), it's about saying unreasonably positive things or unreasonably negative things.
To me it's more......zzzzzZZZZzzzZZZZZzzzzzzz............
The extremes can be quite daunting to me. Either they are saints or evil incarnates, never just normal people. I try and not call these candidates names but genius is a bit extreme.
This is Hillaryous.
Just one day after Hillary tweeted that Trump "apparently" (notice the word, there is no actual proof) "got to avoid paying taxes" as if legally listing capital losses offset is a crime, it actually is part of disclosure, "while tens of millions of working families paid theirs" - we find out Hillary did the exact same thing in her 2015 tax return, she avoided paying taxes using a capital loss carryover in the 2015 tax return, listing a capital loss carryover of $699,540 dollars in 2015.
She needs to explain this to Bernie Sanders and the American people. And personally, I think this likely is misuse and a misfile of loss considering this involves the Clintons, their Foundation corruptions, the hedgefund scams, the possible emails that indicate a Swiss bank account in Chelsea's name was used to bribe government officials, et all. I demand that the public see all of the Capital Loss Carryover Worksheet in the 2015 Schedule D and all associated forms that detail exactly what this loss was in itemized manner as part of full transparency.
http://www.zerohedge.com/news/2016-...-hillary-used-same-tax-avoidance-scheme-trump
Just one day after Hillary tweeted that Trump "apparently" (notice the word, there is no actual proof) "got to avoid paying taxes" as if legally listing capital losses offset is a crime, it actually is part of disclosure, "while tens of millions of working families paid theirs" - we find out Hillary did the exact same thing in her 2015 tax return, she avoided paying taxes using a capital loss carryover in the 2015 tax return, listing a capital loss carryover of $699,540 dollars in 2015.
She needs to explain this to Bernie Sanders and the American people. And personally, I think this likely is misuse and a misfile of loss considering this involves the Clintons, their Foundation corruptions, the hedgefund scams, the possible emails that indicate a Swiss bank account in Chelsea's name was used to bribe government officials, et all. I demand that the public see all of the Capital Loss Carryover Worksheet in the 2015 Schedule D and all associated forms that detail exactly what this loss was in itemized manner as part of full transparency.
http://www.zerohedge.com/news/2016-...-hillary-used-same-tax-avoidance-scheme-trump
Last edited:
Underhill
Well-Known Member
This is Hillaryous.
Just one day after Hillary tweeted that Trump "apparently" (notice the word, there is no actual proof) "got to avoid paying taxes" as if legally listing capital losses offset is a crime, it actually is part of disclosure, "while tens of millions of working families paid theirs" - we find out Hillary did the exact same thing in her 2015 tax return, she avoided paying taxes using a capital loss carryover in the 2015 tax return, listing a capital loss carryover of $699,540 dollars in 2015.
She needs to explain this to Bernie Sanders and the American people. And personally, I think this likely is misuse and a misfile of loss considering this involves the Clintons, their Foundation corruptions, the hedgefund scams, the possible emails that indicate a Swiss bank account in Chelsea's name was used to bribe government officials, et all. I demand that the public see all of the Capital Loss Carryover Worksheet in the 2015 Schedule D and all associated forms that detail exactly what this loss was in itemized manner as part of full transparency.
http://www.zerohedge.com/news/2016-...-hillary-used-same-tax-avoidance-scheme-trump
Here again, she isn't the one running with her only qualification being her business prowess.
But given her criticism of Trump for tax avoidance,
her use of the very same tax strategy is awkward.
But it does show good judgement on her part.
Why pay more tax than necessary?
30% of what....income adjusted downward because of a carried forward loss?
That's what Trump allegedly did.
Underhill
Well-Known Member
I don't care about Trump paying no taxes except that it underlines the problems with our tax codes for the wealthy. A problem Trump would be about as likely to fix as my dog is to win the national spelling bee.
Clinton is pointing this out because Trump wants to further cut taxes on the wealthy.