Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The New York Times article is disconcerting in a multitude of ways.
There are suspicious consulting fees paid to family where there’s contradicting information that there were no consulting services even provided (possible payroll tax avoidance, gift tax avoidance, and transferring of tax liability). There are conservation deductions that are suspect (in value). There are deductions of “investment property expenses” that may be used personally.
The biggest issue appears to be the audit issue about whether he abandoned his partnership interest in the casinos without receiving anything of value.
There’s also critiques of businesses that are truly losing money hand over fist (not just through depreciation), recourse debt concerns, and the change in revenues in certain businesses since taking office.
Oh, and deduction of legal fees for criminal defense which is NOT a valid business expense. Somewhat speculative, since it’s hard to tell, but at least some of the cited legal expenses seem to be tied to firms that were hired just for criminal cases.
And that's just the stuff we know from the Times article.
Unfotunately for the desperate liberal fanatics, 17 years of meticulous IRS audits have turned up nothing. Apparently Trump obeyed every law the IRS and Congress have imposed.
Think how heartbroken the TDS Liberals must be. How many years have they been screaming Trump is hiding something awful... and when somebody finally steals his tax returns and publishes them, they find NOTHING???
I always assumed that he didn’t do anything overtly illegal, or the IRS would have caught it. But what an embarrassment, that the mighty businessman actually lost millions of dollars. And the man of the people is actually a parasite that freeloads off the American public.
How DARE people like Trump obey the law and do everything the IRS tells them to? The liberal fanatics find that OUTRAGEOUS!!!
Trump didn't obey the law....he most definitely did what the IRS -- by laws created by rich politicians --- allowed him to do it.
And as he has been challenged to make the rich pay a share -- not even their share -- just some tax...you are going to say it is the liberals that are 'fanatical
.
Fanatical is some who is a fan of something crazy --continuing to allow Trump and his kind to get away with no taxes is ridiculous.
It isn't illegal what he did.....it is wrong for him to not fight for a more fair and equitable tax system.
The New York Times article is disconcerting in a multitude of ways.
There are suspicious consulting fees paid to family where there’s contradicting information that there were no consulting services even provided (possible payroll tax avoidance, gift tax avoidance, and transferring of tax liability). There are conservation deductions that are suspect (in value). There are deductions of “investment property expenses” that may be used personally.
The biggest issue appears to be the audit issue about whether he abandoned his partnership interest in the casinos without receiving anything of value.
There’s also critiques of businesses that are truly losing money hand over fist (not just through depreciation), recourse debt concerns, and the change in revenues in certain businesses since taking office.
Oh, and deduction of legal fees for criminal defense which is NOT a valid business expense. Somewhat speculative, since it’s hard to tell, but at least some of the cited legal expenses seem to be tied to firms that were hired just for criminal cases.
And that's just the stuff we know from the Times article.
Here's Trump - the guy who paid a total of $750 (no 'k' - just $750!] over two years (2016 and 2017) - attacking President Obama for paying 'only' 20.5% [ie, $161+k] on his $790k salary.
I always assumed that he didn’t do anything overtly illegal, or the IRS would have caught it. But what an embarrassment, that the mighty businessman actually lost millions of dollars. And the man of the people is actually a parasite that freeloads off the American public.
AND it highlights the criticism that he supports the wealthy dodging their share of taxes.
Location: Free State of Florida, Support our police
5,860 posts, read 3,297,839 times
Reputation: 9146
Trump has an army of lawyers and accountants that look for every possible advantage of the tax laws. I honestly do not see what the big deal is. If I was a billionaire I would be doing the same thing. The bottom line is this is a smear piece on Trump. This will not affect anything!
How much take home pay would you have if you only paid $750 in income taxes per year? Would you like that, or would you rather pay more to cover what Donald doesn't pay?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
