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Forums - Politics - Trump's Taxes and the media

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?

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....



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

I'm hopeful. But nobody has ever reversed a complicated tax system in any developed nation that I know of. So I'm not really expecting it.



Locknuts said:
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?

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....

Aren't these his personal taxes?  I don't think that Donald Trump is himself owned by shareholders.  



...

Torillian 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....

Aren't these his personal taxes?  I don't think that Donald Trump is himself owned by shareholders.  

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



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....

Trump is a corporate welfare Queen



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Locknuts said:
bunchanumbers said:
I guess he was also spending money exploring financial opportunities in Cuba, has dealings with an Iranian bank with terrorist ties, and using money that other people donated from his foundation to pay for legal settlements. I don't know how a guy with so many skeletons in the closet managed to get past the primaries.

Link?

Holy shit if true.

http://www.nbcnews.com/news/us-news/trump-group-did-business-iranian-bank-later-linked-terror-n657636

http://www.newsweek.com/2016/10/14/donald-trump-cuban-embargo-castro-violated-florida-504059.html

http://nymag.com/daily/intelligencer/2016/09/trump-paid-legal-settlements-with-his-charitys-money.html

here you go.



"Flat tax" and "get rid of loopholes" are really two separate issues/arguments. It's perfectly possible, and in fact seems more reasonable to me, to have a graduated income tax without loopholes than a flat tax without one (because that would be kinder to low income people, and be less of a societal shock from our current system).



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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.



Locknuts said:
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?

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.



Lrdfancypants said:
Torillian said:

Aren't these his personal taxes?  I don't think that Donald Trump is himself owned by shareholders.  

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.