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

Machiavellian said:
Lrdfancypants said:

I own 43.6 shares of the Donald. Speak for yourself.  I bought him during the crash when he was at his lowest. 

Thats the Trump Organization which is different from how he does his real estate.

No I bought stock in the Donald personally.  I own 53 strands of his toupee. 



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....

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teamsilent13 said:

Trump never really denied that accusation anyway. He said what he did was legal and smart. He literally said it in the debate. "It makes me smart"


I am still voting for Trump because he did nothing illegal. The funny thing is that every election we get candidates from both sides claiming that these "loopholes" will be fixed. Both sides every election during primaries at least... I know McCain, Romney, Gore, Bush, and Obama all claimed to close the loopholes. Yet Bush and Obama did not and both had two terms. So Hillary is saying she is going to do it, but we know that isn't true. Her husband had two terms and didn't. I don't really understand these loopholes that well and I doubt the average American does either, but I have read enough to know what Trump doing isn't illegal.

When you look at how Trump did his taxes it’s not about legal or not, it’s about how he has used his bankruptcy as a tax shelter.  Basically as CEO of those properties like the Casino in Atlantic City, he ran those properties to the ground with bad business.  Next he files bankruptcy stiffing hundreds of contractors, employees and banks of their money all the while he was drawing a fat paycheck as CEO.  He killed pension plans and other employee benefits to keep getting paid.  While he is doing this he used those failed business he ran to the ground as a tax shelter for his other income thus preserving his own money and self-interest.  

So no, Trump did not do anything illegal, but if you think on a moral point then there are definitely questions.  Also, I have to ask, is this the type of businessman you want running the country.

Obama actually tried to get rid of the carried loophole but of course it has to get through congress.  The difference between Obama and Hillary is that Hillary has actually come out and said that she will institute an executive order to get rid of the loophole.  Not sure how that will go down but she is stating that she will put her presidency on actually going against congress on this issue.

For me the key here is not that Trump did not pay any taxes.  This is not a point I have ever argued in the past and before this leak, I stated that I believe Trump tax returns would show he pays no tax.  Instead, what we do see is that there is something he is still hiding.  Since the leaked tax returns was only 3 pages, we really do not know if that 1 billion loss was just the casino.  It could also be other tax sheltering type of enterprises that goes on that allow people like Trump to pay no taxes.  



I don't really see how this makes him 'smart' or a 'genius'. That's bull that they're trying to feed the public.

My business accountant did something very similar, though it wasn't from me going bankrupt. I lost about $18k when the person I was doing business with turned out to be incompetent. Inside two years, then ran two different businesses into the ground and defaulted on the property itself. They'd liquidated the assets that would have gone to me in order to keep the other two failures afloat. I think I've got a write-off for the next eleven years from that. Technically a loss but it really doesn't feel like it. I'm sure Trump thinks the same.



Trump lost a billion dollars from his casinos. Everybody knows "the house always loses" ,right?



The intellectually honest Trump supporter hates the federal government and wants it destroyed so they're sending a buffoon to do just that. The willfully ignorant Trump supporter believes Trump is going to do something good for America.



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Machiavellian said:
Locknuts said:

He would have violated his feduciary responsibility to his shareholders and would have had to explain himself to them.

Save money and make shareholders happy or give more money to the government to push their aggressive foreign policy? Hmmmm....

There are no shareholders but Trump and his family.  His real estate business is run under subchapter S corporation which do not have any shareholders.  Instead all of his business run under his name and their profit and losses goes under his personal taxes.

Oh.....I did not know that. But I'd still prefer keep the money if I could do it legally rather than give it to an aggressive government. 



JustcallmeRiff said:

The intellectually honest Trump supporter hates the federal government and wants it destroyed so they're sending a buffoon to do just that. The willfully ignorant Trump supporter believes Trump is going to do something good for America.

I'm the former. How could you support such a bloated, aggressive entity?

Plus I'm not American so I don't really care as much.



It is unfair 'middle class' Americans pay the majority of taxes. The rich and businesses should be forced to pay their fair share in taxes and the taxes redistributed fairly by the American government to adequately fund education, health, pensions, national security and public infrastructure. Trump is nothing more than a tax evading parasite who became super rich by not paying taxes.



The fact remains that Trump did NOTHING illegal. He simply capitalized on tax deductions. Anybody who wants to act saintly and pretend they've never done that is either lying through they're teeth or just really really dumb.



0331 Happiness is a belt-fed weapon

The problem isn't whether or not what Trump did was legal (although we can't really definitively say one way or the other without seeing his full tax returns), its an issue of civic responsibility. As a citizen in a position of wealth, and as a citizen who is interested in a career helping the country, it is his civic responsibility to pay taxes to help this country and the people of this country. I believe that him not paying taxes alongside his paltry charitable donations (thats charitable donations out of his pocket, not someone else's) speak to his character as a "me first" kind of guy and that is not a trait that is comforting in a politician, especially one with a business which creates a myriad of conflicts of interest.