Trump seven fitty

Trump broke. I got more bread dem him.

I can't believe the NY Times got hold of Trump's taxes. Amazing! Kudos!

We elected the greatest tax cheat in the country's history!

@Wavey-

It's too bad this story is behind a paywall for most people.

Wavey has more shoes than most females too, like a girl.

This is def VH faggot tho.

Among the key findings of The Times’s investigation:

Mr. Trump paid no federal income taxes in 11 of 18 years that The Times examined. In 2017, after he became president, his tax bill was only $750.

He has reduced his tax bill with questionable measures, including a $72.9 million tax refund that is the subject of an audit by the Internal Revenue Service.

Many of his signature businesses, including his golf courses, report losing large amounts of money — losses that have helped him to lower his taxes.

The financial pressure on him is increasing as hundreds of millions of dollars in loans he personally guaranteed are soon coming due.

Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television.

Ivanka Trump, while working as an employee of the Trump Organization, appears to have received “consulting fees” that also helped reduce the family’s tax bill.

As president, he has received more money from foreign sources and U.S. interest groups than previously known. The records do not reveal any previously unreported connections to Russia.

"As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.


The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president."

$750?
Not bad.
Most who pay 750 for a SC night with extras only get to screw 1, maybe 2.
What a man.

lmao that's pretty sad. Juice is gonna end up paying more than Trump even after his stock option losses this year.

The average Walmart clerk pays more taxes.

I know that ChickenShit is thinking that $750 a year is a lot to pay in taxes - gay male prostitutes and low level drug dealers tend not to pay any taxes.

But everyone else is probably thinking "Why is he paying so little?"

While I haven't seen his tax returns (and the source reporting this information - the New York Times - is definitely not a credible source), there is a perfectly logical explanation that comes to mind.

And it's also perfectly legal.

It's well known that Donald Trum suffered very large losses in the casino business in Atlantic City in the 90's. When you lose money, it creates a situation called a carry forward deduction. His losses were large enough to carry forward for quite a while.

In addition to that, there are certain tax advantages to real estate investments. One of those advantages is being able to deduct depreciation as an expense even though it is a non-cash expense, and even though the real estate market is appreciating.

How common are situations like this?

Amazon paid $162 million in taxes last year on $11 billion in income. This was the first time they have had to pay federal taxes since 2016.

https://www.cnbc.com/2020/02/04/amazon-h…

Netflix paid nothing in US taxes in 2018

https://www.cbsnews.com/news/2018-taxes-…


This list is from the following link https://publicintegrity.org/inequality-p…

All numbers are in millions of dollars as a unit of measure

Company U.S. Income Federal Tax Effective Tax Rate
Amazon.com $10,835 –129 –1%
Delta Air Lines $5,073 –187 –4%
Chevron $4,547 –181 –4%
General Motors $4,320 –104 –2%
EOG Resources $4,067 –304 –7%
Occidental Petroleum $3,379 –23 –1%
Honeywell International $2,830 –21 –1%
Deere $2,152 –268 –12%
American Electric Power $1,943 –32 –2%
Principal Financial $1,641 –49 –3%
FirstEnergy $1,495 –16 –1%
Prudential Financial $1,440 –346 –24%
Xcel Energy $1,434 –34 –2%
Devon Energy $1,297 –14 –1%
DTE Energy $1,215 –17 –1%
Halliburton $1,082 –19 –2%
Netflix $856 –22 –3%
Whirlpool $717 –70 –10%
Eli Lilly $598 –54 –9%
IBM $500 –342 –68%
Goodyear Tire & Rubber $440 –15 –3%
Penske Automotive Group $393 –16 –4%
Aramark $315 –48 –15%
AECOM Technology $238 –122 –51%
Tech Data $203 –10 –5%
Performance Food Group $192 –9 –4%
Arrow Electronics $167 –12 –7%

The fact that Donald Trump is a fraud doesn't surprise anyone who can think and read. What *is* a surprise is that the NY Times was able to get hold of his taxes. A complete surprise to me. The price of subscriptions to NY Times, WSJ, WaPo combined is less expensive than a cable subscription all three kick ass. If we can preserve our democracy it will be because of our media.

ummm, this is not a democracy. It is a republic.

Perhaps it would be a good idea spending more time reading. Though it is commendable that you don’t subscribe to cable TV.

Huh. Wonder why he didn’t want to disclose his tax returns. He said it was because of the audit. So, if he won his case, he’d be proud to tell the country he was entitled to a $73mm refund. Or if he lost his case he’d have to admit improperly taking $73mm from the country. Seems fairly ordinary.

Trump belongs in prison for this

This is why Icey is a fucking looney moron. Rational persons, which he is not, would say first, let’s get some more details before we pass final judgment. For all his bloviating he does purportedly patting himself on his own back wrt his law acuity, he sure doesn’t have an innocent until proven guilty mentality with Trump. Has TDS like a bad case of gonnorea. If he cheated, fine - hold him accountable under the law. If he didn’t and his taxes are based on clever accounting under the current tax law, don’t blame Trump, fix the fucking system. Same thing with ICE and immigration. A bunch of social SJW rejects like Icey Asshole complain about it, but where the hell are the democrats putting forth legislation to modify the system? Oh that’s right they’re too busy following that phallic head Schiff and Skeletor on pointless Russiagate probes, GTFO with LAME ass comments like shit4brainz Icey just made. Ps - I’ve been in favor of a flat tax for years, the current system is shit.

Someone most definitely leaked his taxes and does not give a fuck about consequences. Probably some low level useful idiot gov worker looking for their 15 mins of fame. They’ll do their 12 months or whatever and life will go on

Tax avoidance is illegal when one lies to the irs or misleads it.

U trump boys are incredible lol y’all have an excuse for everything with trump even him raping kids and girls. Y’all some 🤡

I’m surprised auditors would allow Trump to claim certain items as losses and investments - as that puts them in a bad spot now.

I know Trump isn’t the most honest guy, and there are several sketchy folks he retains as close advisors. So I guess his accountant is going to feel the pain now.

This should hurt his re-election chances. But I could be very wrong.

Trump is one of the worst human beings on earth; nevertheless, that still makes him better than the lazy, useless, criminal punks on the left. You can support Trump once you look at the useless vermin that oppose him. Of course I won't be voting since I will be on vacation.

What everyone has failed to mention yet is paying absurdly low income taxes is a biproduct of an insanely complex set of laws defining our Federal income tax system.

The last time I checked, the Federal tax code was something like 72,000 pages long.

No one - not even the best tax lawers and tax accounts understands the entire thing.

Perverse incentives are created in those 72,000 pages of our tax code. People spend time and resources on things that don't benefit society (this is the inverse of capitalism) for no other reason than the fact that insane legislation creates an economic incentive for them to do so.

If you don't like reading about how little Trump or Amazon or IBM pay in taxes, then you should not just support, but demand either the Fair Tax or a flat tax.

If they are so sure why dont they release the documents.

NY Times Sources: Dude Trust Me

@IME: "If they are so sure why dont they release the documents."
_____________________
Because the NYT is protecting their sources from losing their jobs or perhaps their life (from death threats). Duh.

If Trump claims the information if fake, then he should release his tax returns. You can bet the information is accurate.

No dipshit its because they don't have anything real and gave up actual journalism long ago.

Why isn’t Trump denying it?

Didn't he?

“I paid millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits,” he continued. “Also, if you look at the extraordinary assets owned by me, which the Fake News hasn’t, I am extremely under leveraged—I have very little debt compared to the value of assets.”

I trust the NYT as much as I did the National Enquirer.

For the record I don't care about his taxes, but if you are going to print it show the records you have. If anything it makes me like him more for not paying taxes.

No one cars about Biden using loopholes and tax avoidance to avoid paying taxes.
https://www.breitbart.com/politics/2020/…

Democrats expected this, Republicans don't care.
Non-issue, friends on both sides agree.

Yoooo jimmymcnulty I love your name. 😂 wire, bmore shit 😂💪

lawyers. tax specialists. shit. i need to learn.

Everyone that says they don’t care about Trump or major corporations that don’t pay taxes should have absolutely no problem with the national debt. That’s a lot of revenue that is shorting the government.

Minimized his taxes, wouldn't have expected anything else. But, $70k write-off for hair styling? For that hair style? Wonder how much of that is for hair spray?

I think Trump still paid more in income taxes than Bezos. Both of these guys pay a shit ton in corporate and property and other tax revenues. It is almost to the stupidity of the liberal progressives that they have no idea what categories of taxation there are, meaning to focus on income tax and leave out those other taxable events just shows how the left is so hypocritical in its spin by leaving out the rest of the story. Fake news!

Tbh it won't impact anything unless hes charged.

The problem is his supporters are too stupid and he knows it. All he has to do is call it fake news and pretend hes a martyr and they'll eat it up like they do tge rest of his shit.

@Meat “Both of these guys pay a shit ton in corporate and property and other tax revenues.“

Just noting that all of Trump’s businesses roll up to his personal tax return. So he paid little or no “corporate” income tax in many of the years as noted by The Times. He did (if this is what you meant) pay property tax, sales tax, the employer’s share of FICA for his employees.

I don’t care for Trump as President and I didn’t care for his business practices before he entered politics as they once adversely affected me and my wallet.

That said everyone has a legal and moral obligation to pay whatever taxes they owe. NO ONE has any obligation to pay one penny more!

As long as Trump structured his affairs in such a way to “legally” minimize what he paid, GOOD FOR HIM.

If anyone is upset that he paid so little then Trump is the wrong target. He didn’t write the laws. Congress writes the tax laws and Biden should be the target of peoples’ ire with him having dwelt in the political swamp for so many decades. He was not only responsible for writing the tax code but not so long ago with Obama as President, him as VP and the Senate and House held by Democrats he/they had the opportunity to write the whole damn thing from scratch if they wanted to. So there is no excuse!

Be honest and place blame where blame belongs.

"but not so long ago with Obama as President, him as VP and the Senate and House held by Democrats he/they had the opportunity to write the whole damn thing from scratch if they wanted to. "
Likewise, the republicans controlled both for the first two years of Trump. Neither party is willing to undertake a major rewrite.

@JustinTolook “Likewise, the republicans controlled both for the first two years of Trump. Neither party is willing to undertake a major rewrite.”

I don’t disagree. As I said, place blame where blame is due. Like him or not Trump has a point about draining the swamp and from what I’ve seen much of the anti-Trump attacks are from those elites who benefit from and owe their elite status to the corrupt system and are threatened with anything that would change it.

It’s just too bad that Trump is Trump. The country needs a savior. The cause is noble, the knight is …well you can fill in the blank.

People severely misunderstand business "profits". For instance Amazon actually paid $2.4 Billion in Income taxes as they pay foreign taxes as well. If you want to only show what they paid in US taxes then you should only show profits that were made US revenue only.

Even then Amazon's US Income taxes were $438M. However the IRS allows companies deductions for Foreign Income Taxes. No, it's not a loophole any more than you use sales taxes and mortgage payments as deductions.

Finally, those "Profits" that you see don't account for debt and shareholder investments which total in trillions. Without those you're a universe away from any "profits".

You might think $750 is nothing, but it will buy a few Ukrainian whores for the night.

Message me for more details...

Hello, TUSCL people. TB3345 here with automated forum messaging to identify general douchebaggery to those (and especially newcomers or lurkers) that may be reading these forums.

#SYSTEM WARNING#

Yabba-Jabba

Yabba-Jabba is a troll that has had numerous accounts over the years including Trucidos & VH_Kicks, both of which were removed and banned from this anything-goes forum due to an inordinate abundance of name calling and harassment. As this is an uncensored, free-speech forum, banning only occurs in the most extreme of cases and has only occured to less than 1% of members. It takes a ‘special’ kind of stupid to get banned from an anything-goes site.

He (or she) appears mentally unstable and posts mainly political diatribe with a twinge of homosexuality; these posts are not rational, coherent viewpoints, but merely inflammatory posts attempting to trigger others for his own self-amusement. This person is also notorious for upvoting his own posts through his aliases. TB3345 suggests not responding to this individual and using the IGNORE feature. This individual may be currently using the dems_rule alias.

Fun fact: Yabba’s favorite thing in life, besides being pegged by a coprophiliac, transvestite midget he calls Gussy-Poo, is 15 minutes alone with a young billy goat and non-scented, oil-based lube (he claims water-based lube washes away the smell too easily.) Unfortunately, while TUSCL is all out of goats, what we do have is an IGNORE button.

For those unaware of this IGNORE feature, to IGNORE all one has to do is click (a) the little circle with the slash through it and/or (b) the volume icon with the slash. The former IGNORES the post, the latter IGNORES and mutes the ALL nonsensical ramblings of the entire user.

Feed the trolls at your own risk.

An IGNORE a day keeps the douchebags away.

Thank you in advance for using TUSCL.

#END SYSTEM WARNING#

TB3345 Out

Go away, Trucidos.