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So who do you have besides an ex lawyer named Kimberly, maybe another Fox Commenter named Napolitano. I know you can't tell me why Trump was quiet on his tax return that was released in October so please make my day and report me.
I will anxiously await his lawsuit this time around.
You said, "a few lawyers" who are they?
"I know" I don't think you know near as much as you think you do.
"I know you can't tell me why Trump was quiet on his tax return that was released in October so please make my day and report me.'
He is quiet BECAUSE he is ALLOWED TO BE UNDER THE LAW.
There is NO law, rule, requirement or ANYTHING that SAYS A CANDIDATE has TO PROVIDE HIS TAX RETURNS.
Just because you want him to doesn't mean shnick to him or most people who voted for him.
Get used to it. Quit whining like little baby, you are NOT going to get your way.
Depreciation, losses, and certain expenses are already factored into the supporting schedules that feed into the 1040. He could have theoretically claimed depreciation costs on a million ballpoint pens in one of them.
That's the joy of a summary. It's just a total.
The left has claimed that he used a loophole in the tax code to carryforward $916 million in losses to reduce his taxable income for future years. A loophole that was actually closed the year after he did it. These are facts.
The NYT article even says that if his future profits/income stayed under a certain amount, that carryforward could have reduced his taxable income to $0 for subsequent years. We can see on this very return that his accountants used $100 million to offset $150 million. He reduced his standard taxable income by 2/3rd. These are facts.
Trump himself has made claims to doing what he can to reduce his tax bill. It's a fact and nobody can really blame him for it. Pretty much every American does what they can to reduce their tax bill and/or get back as much as possible.
Seriously, who doesn't try to lower their tax bill as much as possible?
Different tax brackets on a progressive tax system. That's literally how it works.
If Sanders or Obama was claiming $150+million in income, they'd be paying 25% as well.
I only remember my 2016 amounts off the top of my head, but it rounds out to 16%
You?
I don't doubt it. Doesn't put him above scrutiny.
"The left has claimed that he used a loophole"
There is NO such ting as "loophole".
They are ALL Legitimate laws and regulations within the tax code.
It is NO different then taking a mortgage deduction or a child deduction.
MOST of the tax laws were written by the dems anyway when they held the House for 40 STRAIGHT YEARS.
"if" "If a frog had wings he wouldn't but his but"
You paid 16% Trump paid 25%, so where is the beef?
How many people complaining about Trump's numbers pay 25%?
Not Obama, not Sanders.
libs are all talk and no action.
With the tax lawyers he can afford, I'd bet he could have reduces his 5 a great deal if he wanted to.
He has said that he has been audited by the IRS just about every year.
I'd like to hear the tax outrage about corporations that "don't pay taxes" be as loud as they are against Trump. What many seem to miss or ignore is that's what we're talking about, CORPORATIONS. The difference is the Trump Corporation is privately held and other big ones are publicly held.
Let's take IBM for example. They're famous for NOT paying their taxes by disputing them, sometimes for years and years. Teams of tax lawyers that do nothing but argue with the IRS to chip away what they owe by any (legal) means available. I'm sure Apple,GE, and all the automakers do the same thing.
Where's the outrage?
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