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Forum » Trump tax returns..pays nothing in 10 of 15 years rotflmao..
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Thread: Trump tax returns..pays nothing in 10 of 15 years rotflmao..

post 1617796891 09-28-2020, 04:14 AM
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Originally Posted By 4Mum69⏩
It just shows you how utterly retarded most libs are.

1) Do they actually think Trump is drawing a salary and paying income tax like a fukin pleb
2) Do they not understand that reporting losses does not mean you are technically losing money
3) Do they understand how this guy built an asset base as large as his in the first place?

No they dont, and even if they did they would pretend they did not because they think it makes Trump look bad. So desperate for any bad news they need to manufacture it constantly, all while over the weekend we caught elected Dem officials harvesting ballots and there is nothing on the MSM.

If you are voting blue, you are either mentally handicapped or you are evil to the core.
How large is his asset base, srs question. Roughly? As in Assets - liabilities.
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post 1617796991 09-28-2020, 04:18 AM
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Unhinged liberals living on welfare never paid a tax in their life crying about Trump only paying taxes sometimes.
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post 1617797061 09-28-2020, 04:20 AM
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Originally Posted By FeralBeast⏩
He doesn't pay INCOME taxes retard. Noone that is wealthy or runs a company does because they make their money through assets.
You realize businesses don't pay income tax right? Ever heard of capitol gains tax? property taxes?

He literally bragged about not paying income tax in 2016, remember?
How the fuk is this even a "breaking" story? NY Times literally reposting a story they reported on in 2016.
But this was about trump not his businesses

Also corporations do pay income taxes, but only if they earn a profit
post 1617797111 09-28-2020, 04:21 AM
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Any entrepreneur or business owner just lols hard at the hysteria over a billionaire structuring his businesses to minimisepersonaltax
Originally Posted By samsbolton⏩
He’s not paying in because he’s smart.. he’s not paying in because he’s a loser. He’s a serial bankrupt who would be on the street without daddy.

Don’t you think if he was actually successful he’d release his tax returns to prove it?
You think someone that hates trump would do their homowork
Never been personally bankrupt
5 out of 500+ businesses have filed chapter 11s
post 1617797151 09-28-2020, 04:23 AM
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Originally Posted By 4Mum69⏩
Utterly stupid comment to make.

You carry forward your losses and depreciation to reduce tax exposure, and then you deploy capital as projects are coming to an end or starting to turn a profit. If capital works are substantial we are talking about years and years of this, which is why the losses reported are significant at times. The fact that everything is owned in private family trust structures means that the Trump family has built an eye watering asset base over the years.

Nothing illegal, its just run of the mill property development for anyone who is not an idiot or a REIT. This is simple, simple stuff.
Yes it’s implied and obvious the vast majority of his net worth is in properties he’s developed since the 90s. But it’s also pretty clear the guy just doesn’t view debt as a negative. I’m almost under the belief he declared bankruptcy several times early in his property development venture in order to claim those losses on his income tax while knowing he would make a guaranteed profit regardless (again, leveraging debt). There are likely other loopholes only the mega rich are privy to and exercised by
post 1617797171 09-28-2020, 04:24 AM
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Originally Posted By Jessejame5⏩
Any entrepreneur or business owner just lols hard at the hysteria over a billionaire structuring his businesses to minimisepersonaltax


You think someone that hates trump would do their homowork
Never been personally bankrupt
5 out of 500+ businesses have filed chapter 11s
If I was a fraction as successful as Trump claims I'd

RELEASE MY TAX RETURNS

you know, like every president/world leader, ever.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1617797191 09-28-2020, 04:24 AM
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OP seems surprised that the privileged elite know how to avoid taxes.
In Hoots We Trust.
post 1617797241 09-28-2020, 04:25 AM
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Originally Posted By Porridgemonster⏩
Corrupt system that he is at the helm of? Fascinating.
Yes trump is responsible for every ill in America you got me. I am now a leftist, call dr rosenblatt tomorrow for my gender reassignment surgery
Plant the trees in whose shade your grandchildren will play
post 1617797251 09-28-2020, 04:25 AM
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Originally Posted By sg1976⏩
Remember when your entire continent was to weak and we saved your asses...twice. Lol. Unfortunately we have had a bad couple of years, but don’t judge our character based on that of politicians and the urban liberal garbage you see on TV. Outside of our liberal Mecca’s we still have big balls.
Twice?

Sitting on the side lines until the last year of the war isnt "winning twice"

You literally sold weapons to both sides then at the last year picked a side
post 1617797291 09-28-2020, 04:26 AM
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Originally Posted By Hammersia⏩
How large is his asset base, srs question. Roughly? As in Assets - liabilities.
No idea and they would never declare it but its got to be pushing the $14B-$15B mark given what they do declare. The big thing here when it comes to property in general is the way they structure the ownership of the assets, which is specifically for tax reasons. Its not unique to the US either its just common law. A lot of it is also done to raise capital for projects, so they can manage their risk more appropriately when for whatever debt security they would be providing, but also to limit liability when litigation hits.

Mark my words, nothing that is going to be reported is going to show any illegal activity at all. They would have pulled this cord already if they had it, he gets audited almost every year.

What is going to happen though is that you will see them try and spin basic accounting practices, which is typical of the industry he is in, and try to use that as an opportunity to attack his abilities as a businessman because average people dont understand these things. Its beyond fake news, its completely manufactured propaganda.

It does not matter where you sit with Trump the politician or Trump the personality, that guy is a beast and anyone who talks about "Daddys money" or "would have made more if they put it into an S&P ETF" is a colossal ****in idiot.
post 1617797301 09-28-2020, 04:27 AM
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Originally Posted By Jessejame5⏩
Any entrepreneur or business owner just lols hard at the hysteria over a billionaire structuring his businesses to minimisepersonaltax
I was going to vote for Trump again but...you say he rolls losses forward to offset future income? Not sure I can get behind a man like this.
post 1617797661 09-28-2020, 04:35 AM
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Wait til retarded libs realize that bezos pays no taxes.

Low IQ journalists trying to tell people what to think again lmao. It's just a bunch of sub-100 IQ liberal arts majors trying to control the public opinion
post 1617797691 09-28-2020, 04:36 AM
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It’s funny watching libtards who make 7.50$ an hour flipping burgers at McDonald’s try to understand how company tax and income tax work.

I guess you also hate Steve jobs, Starbucks CEOs etc who all take share options or assets instead of income to reduce income tax...

The amount of tax loopholes for upper management and business owners is huge. Blame the corrupt system not trump.

Also anyone else get the feeling this is to cover for the fact Democrat’s got caught paying for ballots and Biden’s son was caught taking bribes
Plant the trees in whose shade your grandchildren will play
post 1617797741 09-28-2020, 04:38 AM
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#44
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Originally Posted By quadfecta⏩
Yes it’s implied and obvious the vast majority of his net worth is in properties he’s developed since the 90s. But it’s also pretty clear the guy just doesn’t view debt as a negative. I’m almost under the belief he declared bankruptcy several times early in his property development venture in order to claim those losses on his income tax while knowing he would make a guaranteed profit regardless (again, leveraging debt). There are likely other loopholes only the mega rich are privy to and exercised by
Because debt is not a negative with projects the size of his or the length of time they take to construct, not to mention the tax benefits at your disposal when you deploy capital the way he does and the speed with which he does it. Trump has never declared personal bankruptcy, and using bankruptcy for large projects has strategic benefits for multiple reasons. Again, we are talking about proper structuring of assets and projects to limit taxes, liability and provide maximum access to debt.

FFS he is not running a factory.

These are not "loopholes" either, the tax system is built upon the foundations of common law to the point where these approaches are used pretty much all over the western world. They are also not only available to the mega rich, FFS I am not mega rich and I use these "loopholes" to minimize my taxes and ensure I am constantly reinvesting in building my own asset base.

Retards, I tell you. Such strong opinions on what a bad businessman he is, and something as simple as losses being carried forward is beyond understanding.

Cant take you *******s seriously.
post 1617797781 09-28-2020, 04:39 AM
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ITT

cognitive dissonance off the fuggin charts. Unbelievable





**this is nothing to do with libs or Biden. I'm a British conservative. You have elected a serial bankrupt who cheats at golf, but that's the cards you were dealt, I understand that..
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1617797821 09-28-2020, 04:42 AM
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This is the person who wrote the article.

post 1617797831 09-28-2020, 04:42 AM
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#47
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Originally Posted By 4Mum69⏩
Because debt is not a negative with projects the size of his or the length of time they take to construct, not to mention the tax benefits at your disposal when you deploy capital the way he does and the speed with which he does it. Trump has never declared personal bankruptcy, and using bankruptcy for large projects has strategic benefits for multiple reasons. Again, we are talking about proper structuring of assets and projects to limit taxes, liability and provide maximum access to debt.

FFS he is not running a factory.

These are not "loopholes" either, the tax system is built upon the foundations of common law to the point where these approaches are used pretty much all over the western world. They are also not only available to the mega rich, FFS I am not mega rich and I use these "loopholes" to minimize my taxes and ensure I am constantly reinvesting in building my own asset base.

Retards, I tell you. Such strong opinions on what a bad businessman he is, and something as simple as losses being carried forward is beyond understanding.

Cant take you *******s seriously.
There are libel laws both sides of the Atlantic you know, and they're pretty tough.
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1617797871 09-28-2020, 04:43 AM
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Originally Posted By 4Mum69⏩
Because debt is not a negative with projects the size of his or the length of time they take to construct, not to mention the tax benefits at your disposal when you deploy capital the way he does and the speed with which he does it. Trump has never declared personal bankruptcy, and using bankruptcy for large projects has strategic benefits for multiple reasons. Again, we are talking about proper structuring of assets and projects to limit taxes, liability and provide maximum access to debt.

FFS he is not running a factory.

These are not "loopholes" either, the tax system is built upon the foundations of common law to the point where these approaches are used pretty much all over the western world. They are also not only available to the mega rich, FFS I am not mega rich and I use these "loopholes" to minimize my taxes and ensure I am constantly reinvesting in building my own asset base.

Retards, I tell you. Such strong opinions on what a bad businessman he is, and something as simple as losses being carried forward is beyond understanding.

Cant take you *******s seriously.
Lol I never said he was a bad business man. In fact I’ve only pointed out how he uses the system to his advantage and stated that I assume he’s doing exactly that to deduct losses to minimize his income taxes.

Seems like you are a CPA or business owner yourself and have an inflated ego that makes you think you play by the same rules as the billionaire elite
post 1617798011 09-28-2020, 04:49 AM
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Originally Posted By Ragnerlothbrok⏩
Twice?

Sitting on the side lines until the last year of the war isnt "winning twice"

You literally sold weapons to both sides then at the last year picked a side
a thank you would be appropriate
post 1617798061 09-28-2020, 04:50 AM
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Originally Posted By samsbolton⏩
ITT

cognitive dissonance off the fuggin charts. Unbelievable

**this is nothing to do with libs or Biden. I'm a British conservative. You have elected a serial bankrupt who cheats at golf, but that's the cards you were dealt, I understand that..
He never claimed bankruptcy, it was a handful of his businesses that did.

Policy > personality
post 1617798121 09-28-2020, 04:53 AM
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Originally Posted By samsbolton⏩
you might be the most deluded person on the misc

At the time, three individuals with direct knowledge of Trump's finances told reporter Timothy L. O'Brien that Trump's actual net worth was between $150 and $250 million, though Trump then publicly claimed a net worth of $5 to $6 billion.[7] Claiming libel, Trump sued the reporter (and his book publisher) for $5 billion, lost the case, and then lost again on appeal; Trump refused to turn over his unredacted tax returns despite his assertion they supported his case.[16]
- British
- expert on US tax code

Choose one.

BTW, rich people use all sorts of tricks to avoid taxes. For example, S corporations can be used skirt self employment taxes.

Even Joe Biden -gasp- has been caught doing this sort of thing!

https://taxprof.typepad.com/taxprof_...-in-taxes.html

If you really want to go down the rabbithole, you should look at how Hollywood is setup sometime. They use very well-paid accountants and tax attorneys to create and funnel money through every conceivable combination of corporations so that every last tax dollar that can be avoided, is avoided. The next time some actress lectures you on how YOU should pay more taxes because it's only fair, just remember that she is legally set up as a corporation, her home is "owned" by a corporation, and every penny she spends is written off as a corporate tax deduction of one sort or another.
"Buy a man eat fish, the day, teach man, to lifetime." - Joe Biden

2022 New Year's Resolution: Randomly neg TheScapeGOAT for lulz.
post 1617798151 09-28-2020, 04:54 AM
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Originally Posted By 4Mum69⏩
This is the person who wrote the article.

Karen K. Karenstein
"Buy a man eat fish, the day, teach man, to lifetime." - Joe Biden

2022 New Year's Resolution: Randomly neg TheScapeGOAT for lulz.
post 1617798351 09-28-2020, 05:04 AM
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Lol at americucks getting rustled by a coloniser
post 1617798511 09-28-2020, 05:10 AM
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lol at trying this nothingburger. Some of this was covered in leak reporting years ago.

Hilarious they target 2016 and 2017. He was running/being president, placing everything in trust, etc. He donates his entire salary. Why would he be paying tons of taxes?

Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.
https://www.forbes.com/sites/janetno.../#74ed6d8b741b

Trump Paid About $38 Million In Federal Taxes In 2005, Leaked Returns Say
https://www.npr.org/sections/thetwo-...ed-returns-say

Extremely few people make more than a couple million over their entire life, let alone pay it in taxes.
post 1617798971 09-28-2020, 05:24 AM
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Your initial reaction to this article directly correlates with whether you're going to make it or not.


a) "He paid almost nothing in taxes! Wagies paid more, ergo Trump must be corrupt or (somehow) a hypocrite!"

You're not going to make it.

b) "Show's that he's smart."

You're going to make it.



The libs already tried this line of attack on Trump in 2016 and it backfired. The next 34 days will see more nonsense articles and "surprises", of which none will actually impact the election. By this point, the libs have already thrown everything even remotely legitimate at the teflon president, and nothing sticks. Now they're scraping the bottom of the barrel.
-------------------------------------------------------------------------------------------------------------------------------------
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post 1617799081 09-28-2020, 05:27 AM
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Absolutely amazing seeing people defend billionaire welfare queens.
post 1617800001 09-28-2020, 05:57 AM
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Originally Posted By SwagMorris⏩
Reported by NY times. No sources for documents released. No copies of documents. First debate on Tuesday.

Fuk off
all the geniuses missed this big part. Another anonymous source. How many times will people fall for this?
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post 1617800231 09-28-2020, 06:04 AM
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#58
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Originally Posted By samsbolton⏩
If I was a fraction as successful as Trump claims I'd

RELEASE MY TAX RETURNS

you know, like every president/world leader, ever.
Yeah at this point he could shut the whole country up, provided that he hasn't been breaking the law .

The accusations here are monumental so if you didn't do it then defending yourself is the only option. It would be like somebody being accused of murder. The accused claims to have tape of somebody else committing the murder but decides to hold on to it because you know...reasons lol
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post 1617800871 09-28-2020, 06:15 AM
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Originally Posted By Trapstar4.4⏩
Yeah at this point he could shut the whole country up, provided that he hasn't been breaking the law .

The accusations here are monumental so if you didn't do it then defending yourself is the only option. It would be like somebody being accused of murder. The accused claims to have tape of somebody else committing the murder but decides to hold on to it because you know...reasons lol
? There's no accusation of doing something illegal. There's really nothing even new.
post 1617801481 09-28-2020, 06:27 AM
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Originally Posted By 4Mum69⏩
This is the person who wrote the article.

For people that claim they're unique, they always look the same.
*PUREBLOOD CREW*
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