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Forums - Politics Discussion - Trump's Taxes and the media

Writing losses against profits is not a "loophole", but a fair, integral and necessary part of any tax code worldwide. Taxes are not designed to punish and destroy business.

 

Just some side-fact: Clinton used the same law (writing losses against profits) to pay less income tax in 2015:

https://m.hrc.onl/secretary/10-documents/01-health-financial-records/Clinton_2015_Form_1040_with_Signature_Page.pdf

(page 17, last line is a deduction of 700K in fomer losses)



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Lrdfancypants said:
Zkuq said:

It's still shady. It just means a lot of people are willing to do something shady if it doesn't mean trouble for them. But you'd expect a leader to lead with example, and Trump doesn't exactly set a good example here.

That's where we differ as I don't think it's shady to reduce my tax burden and if I do it yearly I see no way I can then claim others are shady for doing the same.  

Well, I guess we'll just have to agree to disagree then. No point in debating any further.



Are people actually suggesting that he should have done his taxes in a way where he had to pay more tax then he needed to?



CaptainExplosion said:
And I thought Trump was just morally bankrupt.

4x bankruptcy champion. Nobody does bankruptcy like Trump, it's yhhhuge, the best, the best. 



Anyone believe that he's going to "fix" this if he's elected President?



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bowserthedog said:

Are people actually suggesting that he should have done his taxes in a way where he had to pay more tax then he needed to?

This is what I found interesting because I don't know anyone that doesn't utilize legal deductions to lower the tax burden for either personal or business. 



l <---- Do you mean this glitch Gribble?  If not, I'll keep looking.  

 

 

 

 

I am on the other side of my sig....am I warm or cold?  

Marco....

Zkuq said:
Lrdfancypants said:

That's where we differ as I don't think it's shady to reduce my tax burden and if I do it yearly I see no way I can then claim others are shady for doing the same.  

Well, I guess we'll just have to agree to disagree then. No point in debating any further.

No problem. :). I wasn't really debating it it's just my stance and I'm not going to criticize someone for trying to reduce their tax burden especially when many people do this including his opponent. 



l <---- Do you mean this glitch Gribble?  If not, I'll keep looking.  

 

 

 

 

I am on the other side of my sig....am I warm or cold?  

Marco....

Locknuts said:

So.....apparently Trump taking a loss during the same 90's recession that adversly affected my family does not mean that he should get tax breaks to an equivalent amount in the following years....

At first I though the journalists pedalling this garbage simply didn't understand how the tax system works. However the New York Times (who helped instigate this whole thing) didn't pay any tax in 2014 - so obviously management there are using the same accountant trickery that Trump and other wealthy people have access to, while at the same time approving these hypocritical articles regarding Trump.

Everything Trump and the NY Times have done tax-wise is perfectly legal. They both have a responsibility to shareholders to pay as little tax as possible. (For the record, I think buying shares is tantamount to gambling and will never do it. Particularly as speculation is the achilles heel of free market capitalism).

The fact that the mainstream media would risk time in jail (by releasing Trump's tax returns without his authority, I presume....) and at the same time show such obvious hypocrisy, reeks of desperation. It shows that they have become so detached from reality that the public no longer trust them and they are resorting to extreme measures to ensure that this man does not get in.

Reading all these articles at first I thought Trump was a complete lunatic. But so much has been taken out of context. He is inconsistent on many issues, but he is far from the raging white supremacist monster that he is made out to be. I'm Australian so it took me a while to even bother fact checking all these stories, but now that I have compared what has been said by Trump to what the lying mainstream media say about him, I honestly believe that he may be able to fix the broken American system that is dragging the rest of the world down with it.

TRUMP 2016

 

America is fucked along with the rest of the world if Trump ends up in office.

Hillary is no great catch at all but next to this major lying 6 time filing bankruptcy hot headed tempermental waste, please.

Hillary 2016-2020 (Cuz there is no other sane choice)

As an independent who's voted both D&R this guy is bad news for the world.



6 times actually



Wesley Snipes went to jail for tax evasion, and Trump gets a free pass.



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