BREAKING: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades

[sinkspur]

These folks better be careful. There's that "law of unintended consequences", i.e. if the media goes so over the top on being anti-Trump, there could be a boomerang effect.

Nah.  They beat up Romney unmercifully and never let up.  And it worked.

[Night Hides Not]

Nah.  They beat up Romney unmercifully and never let up.  And it worked.

True, but Romney only attacked Republicans, not Obama. That's why it worked on him. It was that way with the Bushes: if you aren't going to stand up and fight for yourself, then why should I be out there fighting your battles?

[Sanguine]

Yep. And the news coverage of Trump has become very one sided.

Hillary has her own set of serious issues also and she is also a candidate in this race in case the news media has forgotten

Oh, they haven't forgotten.  That's why they're working so hard on pumping out the Trump stories.  That and they sell.

[ABX]

[Suppressed]

Just found this....

In December 1990, a lawyer for Fred Trump walked into Trump Castle in Atlantic City and, according to reports at the time, deposited a check with the casino for $3.36 million in exchange for chips. Instead of using the chips to play in the casino, the lawyer left

https://www.buzzfeed.com/andrewkaczynski/you-can-rely-on-the-old-mans-money?utm_term=.xhKE8Bgg31#.krOzoJqqP2

@XenaLee @sneakypete

Yes, it was laundered through poker chips and was an illegal loan.  Yes, illegal, and he got caught...the fine was $30,000.

[XenaLee]

@XenaLee @sneakypete

Yes, it was laundered through poker chips and was an illegal loan.  Yes, illegal, and he got caught...the fine was $30,000.

It demonstrates a pattern of either breaking the law or skirting the line re: illegal business practices.  Bottom line, Trump has been proven (many times over) to be unethical as hell.  Just as unethical as Hillary Clinton, in fact, when it comes to $$$.

[corbe]

@XenaLee @sneakypete

Yes, it was laundered through poker chips and was an illegal loan.  Yes, illegal, and he got caught...the fine was $30,000.

    And we're suppose to Believe the orange one is LESS of a Sleaze than the rotten one.

[Suppressed]

I think the term is 'Hoist on his own petard'.

Close.

"For tis the sport to haue the enginer / Hoist with his owne petar[d]."  --Shakespeare, Hamlet, III.iv.207.

...the petard being a breaching bomb, used to blow a hole in a wall or door.

And like the poor military engineer, he suffers from premature detonation and is hoist high upon his own misplaced insults.

[Suppressed]

It demonstrates a pattern of either breaking the law or skirting the line re: illegal business practices.  Bottom line, Trump has been proven (many times over) to be unethical as hell.  Just as unethical as Hillary Clinton, in fact, when it comes to $$$.

@XenaLee @corbe

I believe that is a correct assessment.

[sneakypete]

    And we're suppose to Believe the orange one is LESS of a Sleaze than the rotten one.

@corbe

Well,it would be impossible for him to be a BIGGER sleeze.

[Sanguine]

    And we're suppose to Believe the orange one is LESS of a Sleaze than the rotten one.

Believe it or not, it's true.   :hard crying:

And, that is the situation we find ourselves in.

[catfish1957]

Capital losses are carried forward year after year until they are fully credited.

Nothing Trump did on his business return was different or illegal. 

He certainly didn't write the tax code and has a fiduciary obligation to his company to minimize tax payment, as did the firm he hired to prepare his taxes.

Still waiting to hear how you were able to avoid paying any taxes  like Trump, even though schedule D only allows an ongoing $3K deduction per year. (per your lame defense of him) Defending the undefendable , seems pretty easy around here for the orange hoard.

[Smokin Joe]

A mole, or a purposeful leak by a candidate who doesn't actually want to win.

...Or someone else wants to tie up the Trump organization with criss-crossing accusations, a mole hunt, and a circular firing squad. 

[Norm Lenhart]

Close.

"For tis the sport to haue the enginer / Hoist with his owne petar[d]."  --Shakespeare, Hamlet, III.iv.207.

...the petard being a breaching bomb, used to blow a hole in a wall or door.

And like the poor military engineer, he suffers from premature detonation and is hoist high upon his own misplaced insults.

Meh...what does he know...Old guy couldn't write for crap anyway ;)

[Longmire]

Still waiting to hear how you were able to avoid paying any taxes  like Trump, even though schedule D only allows an ongoing $3K deduction per year.

Hang in there little buddy...

[XenaLee]

Well....I'll say one thing for Trump.  He's got ballz.  Yuge ones, in fact. 

Consider:  First.. he claims to be an awesome businessman who only hires 'the best'....even though it's obvious that he has hired some real losers and sleazebags. 

Then.. it is revealed that he claimed nearly a billion dollar loss on a tax return. 

And then..when called or questioned on that gigantic loss, (which to most logical, sane and normal folks would indicate that he sucks as a businessman)....he claims to be "working for us".  He will "fix" the very same tax code that allowed him to game the system....legally, but not ethically.

L M A O!   And as usual, his loyal sycophants lap it up.

It just keeps getting more and more unreal.....and we still have 34 days to go before "D Day".

[chae]

I just think that anyone defending this should not be able to criticize anyone for taking advantage of welfare, ever again.

[Cyber Liberty]

I just think that anyone defending this should not be able to criticize anyone for taking advantage of welfare, ever again.

I saw that meme on Facebook this morning and spit my coffee.  That assumes all money belongs to the government!  Trump was dealing with his money, welfare recipients are dealing with taxpayer money. 

This is the same reasoning that calls tax cuts "expenditures."  No, it's "letting people keep their hard-earned money."

[ABX]

I saw that meme on Facebook this morning and spit my coffee.  That assumes all money belongs to the government!  Trump was dealing with his money, welfare recipients are dealing with taxpayer money. 

This is the same reasoning that calls tax cuts "expenditures."  No, it's "letting people keep their hard-earned money."

Except no, he wasn't dealing with his money. He was dealing with debt and bonds mostly. He was borrowing it from banks or financing it from the taxpayers with bond issuance and clever arrangements with state and local governments.  The Atlantic City casino was a perfect example of this. The city helped Trump finance it through a bond offering because they thought it would boost tax revenue. When all of this almost collapsed in the early 90s, the city had to cover almost 1.8 Billion dollars in bonds that almost became worthless.

[Cyber Liberty]

Except no, he wasn't dealing with his money. He was dealing with debt and bonds mostly. He was borrowing it from banks or financing it from the taxpayers with bond issuance and clever arrangements with state and local governments.  The Atlantic City casino was a perfect example of this. The city helped Trump finance it through a bond offering because they thought it would boost tax revenue. When all of this almost collapsed in the early 90s, the city had to cover almost 1.8 Billion dollars in bonds that almost became worthless.

Was it taxpayer's money?

[XenaLee]

Except no, he wasn't dealing with his money. He was dealing with debt and bonds mostly. He was borrowing it from banks or financing it from the taxpayers with bond issuance and clever arrangements with state and local governments.  The Atlantic City casino was a perfect example of this. The city helped Trump finance it through a bond offering because they thought it would boost tax revenue. When all of this almost collapsed in the early 90s, the city had to cover almost 1.8 Billion dollars in bonds that almost became worthless.

I find it ironic.....that Sean Hannity and Rush Limbaugh both seem to be fully onboard the Trump Train (to Hell?) now....and yet both have bitched, moaned and whined about the high taxes in New York.  Where the hell do they think all of those taxes go?  Why the hell do they think those taxes keep going up?  It's due to idiots like Trump losing millions of dollars that investors are left "on the hook" for.  It ain't rocket science.

[Cyber Liberty]

I find it ironic.....that Sean Hannity and Rush Limbaugh both seem to be fully onboard the Trump Train (to Hell?) now....and yet both have bitched, moaned and whined about the high taxes in New York.  Where the hell do they think all of those taxes go?  Why the hell do they think those taxes keep going up?  It's due to idiots like Trump losing millions of dollars that investors are left "on the hook" for.  It ain't rocket science.

Every time a meme from Occupy Democrats is posted on TBR, God kills a kitten.

[ABX]

Was it taxpayer's money?

On the Atlantic City bond issue yes.

Also, when the banks had to bail him out, in some ways, that was also taxpayer money indirectly as banks are so highly leveraged in bonds and treasury notes, it was indirect taxpayer financing. (more so when he declared bankruptcy)

[Cyber Liberty]

On the Atlantic City bond issue yes.

Also, when the banks had to bail him out, in some ways, that was also taxpayer money indirectly as banks are so highly leveraged in bonds and treasury notes, it was indirect taxpayer financing. (more so when he declared bankruptcy)

Comparing welfare with Trump's shenanigans blurs the line in the "Who's money is it?" argument.  Welfare is 100% taxpayer's money.  Tax money (the original topic of this thread) belongs to the people until it's confiscated by the government. 

Liberals think all money belongs to the government, minus what private citizens are allowed to keep.  Conservatives think the money belongs to the people who earned it, minus what is taxed away to keep "society" running.  This is why anybody who says "tax cuts must be paid for" is automatically a liberal in my book, because they are confused about who's money it is in the first place.

It's sad that some private individuals like Trump and Soros have found ways to rip the money off the government after it has performed the confiscation.  It doesn't mean that can be used as an argument to silence opposition to welfare.  Ever.

[DB]

Comparing welfare with Trump's shenanigans blurs the line in the "Who's money is it?" argument.  Welfare is 100% taxpayer's money.  Tax money (the original topic of this thread) belongs to the people until it's confiscated by the government. 

Liberals think all money belongs to the government, minus what private citizens are allowed to keep.  Conservatives think the money belongs to the people who earned it, minus what is taxed away to keep "society" running.  This is why anybody who says "tax cuts must be paid for" is automatically a liberal in my book, because they are confused about who's money it is in the first place.

It's sad that some private individuals like Trump and Soros have found ways to rip the money off the government after it has performed the confiscation.  It doesn't mean that can be used as an argument to silence opposition to welfare.  Ever.

Trump was doing one better. He was very active in petitioning the government to increase the tax rate on the "wealthy" with the only significant deduction being real estate investments - i.e. tax shelters. He wanted to force people to invest in real estate to avoid paying outrageous tax rates. That was his primary complaint about Reagans tax cuts back in the 80's that he testified before congress to reverse. He's a crony capitalist all the way using government to seek advantage over others.