Mikeoxenormous
Diamond Member
Damn , you sound like you have wealth envy? Cant you get off your parents couch and work 80 hours a fucking day, to grind in that $250,000 a year salary? Probably not, it is easier for you to smoke dope and use that EBT card that Uncle Sugar provides. There are 2 types of people in the US today. Those that have ambition and those that are a victim, which one are you?So what you are saying is that it isn't enough to pay on money EARNED, even though the liberals here don't EARN money they get it from welfare. Then you should be taxed when you spend it, but some programs like EBT, no taxes on food items, so the liberals here don't pay on that either. Then you also want money handed down from the workers, should be taxed because their kids don't deserve that money, while a liberal here who has nothing, earns nothing, leaves their child(if not aborted) with nothing? Gee, see what I mean about liberalism and FAIRNESS. Everyone will be poor and miserable, then everyone is equal.That is because he had a loss from a bad investment. OF course you being a welfare recipient who never has any money to invest in, cant make that mistake, you just sit in your parents basement and smoke dope and bitch and moan because you don't have any money. Also notice, that the dope head, didn't say anything about the bi racial homosexual president how paid even less than Trump. Ah yep, liberals are the stupidest people in the universe.
You got no clue wtf you are saying, so take your little fantasies and shove up your ass...mmk?
1. He wrote off bank loss, not his personal loss
Loophole fixed in 2002, with Clinton vote no less:
Subchapter S corporation goes bankrupt, forcing the banks to write off $1 million in debt. The banks are out the $1 million, not you. Yet you get to claim an extra $1 million of losses on your individual return, which you can use to offset income from other sources for up to 20 years.
Windfall: The Best Explanation Of Donald Trump's $916 Million Tax Loss
2. I'm you worst nightmare - well paid liberal that pays a lot of taxes, so you can fuck off.
3. Here is Obama's taxes (in full) for that very same year, 2005, where he made just ONE-HUNDREDTH of Trump's income at 1.65M and paid out 545k in taxes, or 30%
http://taxprof.typepad.com/taxprof_blog/files/obama_2005_tax_return.pdf
so you don't like the way the tax laws treat rich people. Tell me how that is Trump's fault. Who wrote the tax laws? The dem members of congress in order to help their rich croinies who fund their campaigns
your problem is not with Trump, its with your own party. Wake up.
Where did I fault Trump for taking advantage of tax laws?
What I fault him and some other rich guys is self-dealing (see him looking to get rid of inheritance and Minimum Alternate tax) and refusing to put in place laws (see Buffet Rule) that will ensure they pay what they ought to in taxes.
Take your "workers" bullshit elsewhere. Very few states collect estate taxes and Federal estate tax exemption is currently at 5 million for single filer and 10 million for joint.
I personally think it's too generous of an allowance, but the point is there is a way to tax inheritance without affecting those that are just passing their small middle class savings.
And PLEASE, spare me the stories of struggle of people who are pocketing their dady's millions.