Trump tax return "bombshell"

[vraiblonde]

What am I looking at? There are no allegations that Trump did anything illegal or even unethical.

Is it that our leftwing news people know that their viewers don't understand who makes tax law? (Hint: it's not the President) (PS: the law they're jumping up and down about was signed by Barack Obama.)

However, I am being assured all over the internet that this is a "bombshell" and means "the beginning of the end for Trump".

These people have an endless appetite for hate and discontent.

 

[Crabcatcher79]

What am I looking at? There are no allegations that Trump did anything illegal or even unethical.

Is it that our leftwing news people know that their viewers don't understand who makes tax law? (Hint: it's not the President) (PS: the law they're jumping up and down about was signed by Barack Obama.)

However, I am being assured all over the internet that this is a "bombshell" and means "the beginning of the end for Trump".

These people have an endless appetite for hate and discontent.

You do understand people are regularly denied security clearances for debts as small as $10-$20 thousand right because it could open them up to extortion.

Trump is in personal debt to the tune of at least $300 million and his loan to Deutsche bank comes due in 2022. Making him and extremely easy to target for blackmail and extortion.

Secondly do you think it might be a bit odd a “billionaire “ owes zero taxes for 10 out of 15 years and writes off over $150,000 a year for his and Melania hair treatments?

Most illegal immigrants pay more in taxes than Trump.

Trump is reporting losses to the iRs while inflating his assets to his creditors to get loans.

He is committing tax fraud and will certainly end up in jail. If he is not committing tax fraud then he is a spectacular failure of a businessman which you claim is the reason you voted for him.

 

[Crabcatcher79]

 

[Louise]

What a bunch of crap. Have you bothered to look into how elite Dems have made money? Nevermind. It doesn’t fit your agenda. And, if you think that you will be ok if our Country falls apart because of this crap, you are delusional. God bless the USA.

 

[Louise]

What am I looking at? There are no allegations that Trump did anything illegal or even unethical.

Is it that our leftwing news people know that their viewers don't understand who makes tax law? (Hint: it's not the President) (PS: the law they're jumping up and down about was signed by Barack Obama.)

However, I am being assured all over the internet that this is a "bombshell" and means "the beginning of the end for Trump".

These people have an endless appetite for hate and discontent.

https://noqreport.com/

 

[pontificator]

Ruh roh.

Over a quarter billion in loans coming due over the next four years.

No wonder he wants to win so badly. He needs to retain secret service protection when he’s not able to pay.

Bad news Little Man. Bad news.

Butter e-mails!!!!!!!!!!!

 

[pontificator]

What a bunch of crap. Have you bothered to look into how elite Dems have made money? Nevermind. It doesn’t fit your agenda. And, if you think that you will be ok if our Country falls apart because of this crap, you are delusional. God bless the USA.

Classic tu quoque.

Insert another quarter and try again.

 

[GURPS]

well look what slithered out from under his rock .....

You do understand people are regularly denied security clearances for debts as small as $10-$20 thousand right because it could open them up to extortion.

yeah so what, offer ANY FACTS / PROOF Trump is susceptible to black mail as President just because he has a huge amount of debt

Trump is in personal debt to the tune of at least $300 million and his loan to Deutsche bank comes due in 2022. Making him and extremely easy to target for blackmail and extortion.

Liar ..... all Fantasy Conjecture, hyperbole and mental masturbation

Secondly do you think it might be a bit odd a “billionaire “ owes zero taxes for 10 out of 15 years and writes off over $150,000 a year for his and Melania hair treatments?

I'm sure you can point out the illegalities of the LEGAL Tax Deductions Trump has claimed other wise

Most illegal immigrants pay more in taxes than Trump.

irrelevant

Trump is reporting losses to the iRs while inflating his assets to his creditors to get loans.

You can of course point to the relevant USC which laws were broken,

He is committing tax fraud and will certainly end up in jail.

Liar .... Fantasy Conjecture

If he is not committing tax fraud then he is a spectacular failure of a businessman which you claim is the reason you voted for him.

Fantasy, Supposition, Innuendo and Conjecture

 

[GURPS]

Instead, the Times published more than twenty years of Donald Trump’s tax returns. They did so even though someone acted illegally when she or he gave the Times the returns. One can argue, too, that the Times itself acted illegally when it published the returns.

Still, while it’s lovely to imagine the reporters and their editors slinging hash at a federal prison, what’s relevant now is determining the effect of the tax return release on the upcoming election. As a first pass, based upon perusing Twitter and Facebook feeds, Trump haters still hate Trump and Trump supporters still support him.

Drill down a little, though, and a few interesting details emerge. For years, Trump rebuffed demands that he produce his tax returns by saying that the IRS is auditing him, and he will not produce the returns while the audit is ongoing. The article confirms that:

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 article also confirms that Trump’s accountants made the best of every law and loophole available to keep their clients’ money from going to the government. In that regard, they got a lot of help from Obama. It used to be that you could only use two years’ worth of dollars lost in one business to reduce taxes on another profitable business. Obama changed that:

But that November [2009], the window was more than doubled by a little-noticed provision in a bill Mr. Obama signed as part of the Great Recession recovery effort. Now business owners could request full refunds of taxes paid in the prior four years, and 50 percent of those from the year before that.

Trump’s accountants, therefore, applied several years of losses in one entity against his profits from The Apprentice. That’s how Trump could get the $72.9 million refund that the IRS is now trying to recover.



Read more: https://www.americanthinker.com/blo...returns_but_it_shouldnt_be.html#ixzz6ZKVwmhS3
Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook

 

[GURPS]

New York Times Debunks Several Conspiracy Theories with Trump’s Tax Returns


But the Times has also succeeded, albeit inadvertently, in debunking several common anti-Trump conspiracy theories.

Russia. The Times found no evidence of any links to Russia that were previously unreported. The tax returns, it says, do not “reveal any previously unreported connections to Russia.” All they show is that the 201 Miss Universe pageant in Moscow was “was the most profitable Miss Universe during Mr. Trump’s time as co-owner, and that it generated a personal payday of $2.3 million.” That’s all there is to the vast Russian business interests Democrats hinted (and hoped) the returns would show.

Michael Cohen. Prosecutors in New York have subpoenaed the tax returns for a criminal investigation — most likely, having to do with payments via Trump’s former lawyer, Michael Cohen (now a convicted felon), to alleged lovers (including Stormy Daniels). The Times noted: “The materials obtained by The Times did not include any itemized payments to Mr. Cohen.” It added: “The amount, however, could have been improperly included in legal fees written off as a business expense.” That’s it.

The Audit. Democrats and journalists have mocked Trump’s long-standing claim that he could not release his tax returns because he faced an Internal Revenue Service audit. The Times confirmed the audit: “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.” It is real, just as Trump has claimed.

 

[GURPS]

Huh? Obama’s stimulus policies led to the Obama IRS writing a check to Trump for $73 million. The Times explains that a business loss can be used as a coupon that can be redeemed against a gain in another business.

Until 2009, those coupons could be used to wipe away taxes going back only two years. But that November, the window was more than doubled by a little-noticed provision in a bill Mr. Obama signed as part of the Great Recession recovery effort. Now business owners could request full refunds of taxes paid in the prior four years, and 50 percent of those from the year before that.

Mr. Trump had paid no income taxes in 2008. But the change meant that when he filed his taxes for 2009, he could seek a refund of not just the $13.3 million he had paid in 2007, but also the combined $56.9 million paid in 2005 and 2006, when “The Apprentice” created what was likely the biggest income tax bite of his life.

The records reviewed by The Times indicate that Mr. Trump filed for the first of several tranches of his refund several weeks later, in January 2010. That set off what tax professionals refer to as a “quickie refund,” a check processed in 90 days on a tentative basis, pending an audit by the I.R.S.

His total federal income tax refund would eventually grow to $70.1 million, plus $2,733,184 in interest. He also received $21.2 million in state and local refunds, which often piggyback on federal filings.

Trump took advantage of an Obama policy | National Review

Obama’s stimulus policies led to the Obama IRS writing a check to Trump for $73 million.

www.nationalreview.com

 

[GURPS]

What am I looking at? There are no allegations that Trump did anything illegal or even unethical.

Simultaneously Trump is a lousy business man and a fraud all the while only paying $ 1500 in taxes in the past 15 yrs

 

[pontificator]

^^ The orange man’s most loyal supporter ^^

Does it pay well?

 

[Kyle]

:desparation:

:crying:

 

[GURPS]

In a “bombshell” (note: I hate how overused that term is) report, the New York Times explores the tax returns of President Donald Trump, exposing how much he’s made and lost, how much he’s paid in taxes, and how much he was able to write off.

Within the report itself, we see no evidence of many of the accusations Democrats have leveled against Trump for the past five years (ties to Russia, the mob, or whatever). We don’t see that he defrauded anyone. We don’t even see that he’s actually a broke conman (though his business doesn’t seem all that healthy for how big it’s supposed to be).

You know what we do see, though? The pressing, urgent need for a reformation of the tax code that is both comprehensive and simplifying.

That Trump was able to use the tax code so effectively that he only had to pay $750 in taxes in 2017 doesn’t mean he committed a crime. It means he had a damn good team of accountants and that the tax code allowed him to do that. It’s probably why he’s under audit, as he’s claimed from the get-go, but if those audits had found anything in the years before his presidency, there’s no way we wouldn’t know about it by now. But we haven’t seen it yet. That means something.

What we see in the Times report is that the rich and powerful have the means to not only make more than your average American citizen, but also have the means to avoid giving huge chunks of it to the IRS. That is a privilege I’d love to have, and a privilege all of you reading this would, too. Wouldn’t it be great to only give $750 a year to the IRS? Think of how much of your income you could be stockpiling in order to actually do some good for yourselves and your families. Think of the economic boom we could have if everyone were in that position.

But we don’t have the means to hire lobbyists and buddy up with policymakers to make changes to the tax code that would benefit us. We don’t have the right people in our corner looking out for us and making sure the tax code is as simple and as unrestrictive on the middle and lower class as it is on the upper class.

The system is built to benefit rich businessmen like Trump. I don’t hold it against him. He’s doing nothing that the tax code wasn’t sculpted by the rich and powerful businessmen, corporations, and their lobbyists to allow.

If Anything, the New York Times Makes the Case for Comprehensive Tax Reform

www.redstate.com

 

[Crabcatcher79]

In a “bombshell” (note: I hate how overused that term is) report, the New York Times explores the tax returns of President Donald Trump, exposing how much he’s made and lost, how much he’s paid in taxes, and how much he was able to write off.

Within the report itself, we see no evidence of many of the accusations Democrats have leveled against Trump for the past five years (ties to Russia, the mob, or whatever). We don’t see that he defrauded anyone. We don’t even see that he’s actually a broke conman (though his business doesn’t seem all that healthy for how big it’s supposed to be).

You know what we do see, though? The pressing, urgent need for a reformation of the tax code that is both comprehensive and simplifying.

That Trump was able to use the tax code so effectively that he only had to pay $750 in taxes in 2017 doesn’t mean he committed a crime. It means he had a damn good team of accountants and that the tax code allowed him to do that. It’s probably why he’s under audit, as he’s claimed from the get-go, but if those audits had found anything in the years before his presidency, there’s no way we wouldn’t know about it by now. But we haven’t seen it yet. That means something.

What we see in the Times report is that the rich and powerful have the means to not only make more than your average American citizen, but also have the means to avoid giving huge chunks of it to the IRS. That is a privilege I’d love to have, and a privilege all of you reading this would, too. Wouldn’t it be great to only give $750 a year to the IRS? Think of how much of your income you could be stockpiling in order to actually do some good for yourselves and your families. Think of the economic boom we could have if everyone were in that position.

But we don’t have the means to hire lobbyists and buddy up with policymakers to make changes to the tax code that would benefit us. We don’t have the right people in our corner looking out for us and making sure the tax code is as simple and as unrestrictive on the middle and lower class as it is on the upper class.

The system is built to benefit rich businessmen like Trump. I don’t hold it against him. He’s doing nothing that the tax code wasn’t sculpted by the rich and powerful businessmen, corporations, and their lobbyists to allow.

If Anything, the New York Times Makes the Case for Comprehensive Tax Reform

www.redstate.com

You and Melania are both waking up the realization that Trumps fortune is nothing but a house of cards and neither of you will see a dime of it.

At least she got a child and some clothes out of it.

You continue to schill for him for free to live with your mom.

What a pathetic excuse for a human being

 

[Kyle]

ORANGMANBAD!!! ORANGMANBAD!!! ORANGMANBAD!!!

 

[PsyOps]

New York Times article on Trump taxes Sept 27, 2020:

"Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance"

New York Times article on Trump's taxes Oct 1, 2016

"Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found"

How do you spell it? R-E-G-U-R-G-I-T-A-T-E

 

[Gilligan]

The liberal hysteria on display here is hilarious

 

[gunsmoke]

What am I looking at? There are no allegations that Trump did anything illegal or even unethical.

Is it that our leftwing news people know that their viewers don't understand who makes tax law? (Hint: it's not the President) (PS: the law they're jumping up and down about was signed by Barack Obama.)

However, I am being assured all over the internet that this is a "bombshell" and means "the beginning of the end for Trump".

These people have an endless appetite for hate and discontent.

You are looking at and ignoring the more information that confirms the same basic fact set that has been put before you and the rest of the cult for 5 years.

You are looking at and ignoring the more information that confirms the same basic fact set that you and the rest of the cult have ignored for 5 years.

GURPS can post all the bullshit he wants from his propaganda sources. It can make all the idiotic commentary he wants. He didn't read the Times article. His comments show that. Why is Trump under constant audit? To determine the legality of a $72.9 million refund he claimed. Why is Trump under in investigation in NY state and in the NY Federal District? For illegally inflating asset prices to get loans and illegally under reporting the value of his properties for tax purposes.

The report divulges how much foreign income Trump is receiving and how much debt he personally guaranteed is sitting over his head and due in the near term.

The report delineates what a lousy businessman Trump really is.

The report even compares Trumps tax payment to the effective rate of those Trump claims to be equal to in wealth.

There are no independent reports that offer any proof that Donald Trump is anything he says he is. There are mountains of data showing is not what he says he is. But, being the true believer you are, you ignore the facts and believe the lies.