Trump Floored By MASSIVE Sales Tax Avoidance Scandal, Campaign Goes Silent

[LoneLaugher]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

hers my question to you help me understand ... you make 20,000 a year each and every time you get paid money is taken out ... you do your taxes you find out of that money you paid in for your federal taxes you're getting back 350.dollars ... how is that you didn't pay any taxes ... even welfare people are taxed and yet they are said to be not paying any taxes ... how do they come to this conclusion they don't pay any taxes ...I don't understand how they come to this conclusion ... can you explain to me so I can understand ...I'm serious here, not trying to bull shit here

The bottom line is the net Effective Tax Rate - this is the percentage of your AGI (Adjusted Gross Income) that you paid to the government in federal taxes for that calendar year, after deductions and credits. Once you have done your taxes.

So yes, at $20,000 you're probably paying a few dollars during the course of the year through your paychecks, but the question is how much you paid after receiving your refund, once all the dust has cleared, including low income credits.
.

Exactly. You have hit on it exactly.

 

[LoneLaugher]

Don't worry Richies, we got your backs .

And, judging by the percentage of the tax burden they pay, they have yours, too.

Do you know that?
.

Would you like to discuss percentage of earnings taxed? Probably not. But....maybe you think guys like Trump shouldn't pay a 39% rate. What rate should they pay?

And....don't bring this back to the carried loss. I'm not specifically speaking of Trump.

 

[Iceweasel]

If going back to 1986 is what the Crooked Hillary folks want to do, let's talk about Crooked Hillary making $100,000 playing the cattle futures market with a little help from insiders. CPAs get graduate degrees in taxation so they get hired by folks who to minimizing taxes. It is totally legal. Insider trading like Crooked Hillary did is not legal.

the fact that Clinton never took how you said, a little helpp from their friends ... here's the real question you should be asking yourself ... when it deals with taxes being paid why does trump try and cheat the system

If the system is run by greedy leftists it will be very costly to make them happy. That's why.

you are spouting bull shit here ...the question here is why do you think trump not paying his state taxes is ok... I'm not concerned on what you say hillary siad ... I'm asking you a serious question ... if eveyrbody doesn't pay their state takes how well do you think that state will run...

I answered your question with the truth. You can't handle the truth. The governments need to lower taxes and spending, that's how. Why do liberals assume all spending dreamed up is mandated from the heavens and must be done?

 

[xband]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

hers my question to you help me understand ... you make 20,000 a year each and every time you get paid money is taken out ... you do your taxes you find out of that money you paid in for your federal taxes you're getting back 350.dollars ... how is that you didn't pay any taxes ... even welfare people are taxed and yet they are said to be not paying any taxes ... how do they come to this conclusion they don't pay any taxes ...I don't understand how they come to this conclusion ... can you explain to me so I can understand ...I'm serious here, not trying to bull shit here

It would help you to have some basic working knowledge. Ever heard of Earned Income Tax Credit?

I have heard of Earned Income Tax Credit but I can't qualify because I have not had any income for four years and don't even have to file.

 

[bullwinkle]

If going back to 1986 is what the Crooked Hillary folks want to do, let's talk about Crooked Hillary making $100,000 playing the cattle futures market with a little help from insiders. CPAs get graduate degrees in taxation so they get hired by folks who to minimizing taxes. It is totally legal. Insider trading like Crooked Hillary did is not legal.

the fact that Clinton never took how you said, a little helpp from their friends ... here's the real question you should be asking yourself ... when it deals with taxes being paid why does trump try and cheat the system

Trump is under constant IRS audit and has been for many years. Trump lost almost a billion last year and obeys US Tax Law or he would be locked up.

So if Trump lives personally very 'high on the hog' while losing yuuge amounts yearly, what does this bode for America if he becomes CIC? Since he clearly is an egoist that needs to be surrounded by sycophants, as evidenced by this threat of purges of the military and journalistic sort, will Republicans stop caterwauling about the national debt? Will America stiff it's creditors? And if all the 'smart' people tiptoe thru a loophole, who will pick up the tabs?

 

[Iceweasel]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

hers my question to you help me understand ... you make 20,000 a year each and every time you get paid money is taken out ... you do your taxes you find out of that money you paid in for your federal taxes you're getting back 350.dollars ... how is that you didn't pay any taxes ... even welfare people are taxed and yet they are said to be not paying any taxes ... how do they come to this conclusion they don't pay any taxes ...I don't understand how they come to this conclusion ... can you explain to me so I can understand ...I'm serious here, not trying to bull shit here

It would help you to have some basic working knowledge. Ever heard of Earned Income Tax Credit?

I have heard of Earned Income Tax Credit but I can't qualify because I have not had any income for four years and don't even have to file.

So you pay no federal taxes.

 

[xband]

If going back to 1986 is what the Crooked Hillary folks want to do, let's talk about Crooked Hillary making $100,000 playing the cattle futures market with a little help from insiders. CPAs get graduate degrees in taxation so they get hired by folks who to minimizing taxes. It is totally legal. Insider trading like Crooked Hillary did is not legal.

the fact that Clinton never took how you said, a little helpp from their friends ... here's the real question you should be asking yourself ... when it deals with taxes being paid why does trump try and cheat the system

Trump is under constant IRS audit and has been for many years. Trump lost almost a billion last year and obeys US Tax Law or he would be locked up.

So if Trump lives personally very 'high on the hog' while losing yuuge amounts yearly, what does this bode for America if he becomes CIC? Since he clearly is an egoist that needs to be surrounded by sycophants, as evidenced by this threat of purges of the military and journalistic sort, will Republicans stop caterwauling about the national debt? Will America stiff it's creditors? And if all the 'smart' people tiptoe thru a loophole, who will pick up the tabs?

Trump likes to live high on the hog and have high maintenance women. Trump is weird but Clinton is weirder.

 

[Iceweasel]

If going back to 1986 is what the Crooked Hillary folks want to do, let's talk about Crooked Hillary making $100,000 playing the cattle futures market with a little help from insiders. CPAs get graduate degrees in taxation so they get hired by folks who to minimizing taxes. It is totally legal. Insider trading like Crooked Hillary did is not legal.

the fact that Clinton never took how you said, a little helpp from their friends ... here's the real question you should be asking yourself ... when it deals with taxes being paid why does trump try and cheat the system

Trump is under constant IRS audit and has been for many years. Trump lost almost a billion last year and obeys US Tax Law or he would be locked up.

So if Trump lives personally very 'high on the hog' while losing yuuge amounts yearly, what does this bode for America if he becomes CIC? Since he clearly is an egoist that needs to be surrounded by sycophants, as evidenced by this threat of purges of the military and journalistic sort, will Republicans stop caterwauling about the national debt? Will America stiff it's creditors? And if all the 'smart' people tiptoe thru a loophole, who will pick up the tabs?

Who says he loses money yearly? He bounced back after being 900m in the hole. We are 20 trillion in the hole so we need someone with that kind of working knowledge and determination.

What normal people consider a huge success, liberals see failure. To them, government is a fat hog we nurse off of and must be fed with other people's money. That's the extent of their business acumen.

 

[Mac1958]

Don't worry Richies, we got your backs .

And, judging by the percentage of the tax burden they pay, they have yours, too.

Do you know that?
.

Would you like to discuss percentage of earnings taxed? Probably not. But....maybe you think guys like Trump shouldn't pay a 39% rate. What rate should they pay?

And....don't bring this back to the carried loss. I'm not specifically speaking of Trump.

I'll answer your question not for your benefit - I already know that trying to communicate with you is pointless - but for the benefit and as a thought exercise for anyone who may be interested.

I think there should be what I call a METR - A Minimum Effective Tax Rate, so that a taxpayer can only reduce their exposure to personal income taxes so much via credits, deductions and other methods. Also, since the spectrum of income is now so wide, I would add four (4) new income tax brackets. Perhaps something like this, give or take, and we'll assume Married Filing Jointly, and also assumes that tax policy remains roughly the same:

Individual Marginal Tax Rates
$0 to $20,000 - 10.0%, METR 5.0%
To $75,000 - 15.0%, METR 7.5%
To $160,000 - 25.0%, METR 15.0%
To $250,000 - 28.0%, METR 17.0%
To $450,000 - 33.0%, METR 22.0%
To $600,000 - 35.0%, METR 25.0%
To $1,000,000 - 39.9%, METR 28.0%
To $3,000,000 - 44.9%, METR 30.0%
To $5,000,000 - 49.9%, METR 32.0%
To $7,500,000 - 54.4%, METR 35.0%
$10,000,000 and above - 59.9%, METR 37.5%

Corporate Tax Rates
15.0% - METR 5.0%
Two-year tax amnesty on repatriated dollars

You're welcome. No one here offers more original ideas and specifics than ol' Mac. And by the way, I require neither your agreement nor your approval for any of the above, thanks.
.

 

[xband]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

hers my question to you help me understand ... you make 20,000 a year each and every time you get paid money is taken out ... you do your taxes you find out of that money you paid in for your federal taxes you're getting back 350.dollars ... how is that you didn't pay any taxes ... even welfare people are taxed and yet they are said to be not paying any taxes ... how do they come to this conclusion they don't pay any taxes ...I don't understand how they come to this conclusion ... can you explain to me so I can understand ...I'm serious here, not trying to bull shit here

It would help you to have some basic working knowledge. Ever heard of Earned Income Tax Credit?

I have heard of Earned Income Tax Credit but I can't qualify because I have not had any income for four years and don't even have to file.

So you pay no federal taxes.

I pay no federal or state income tax because I am retired and living on my savings made during my salad years that I have already paid income tax on.

 

[Penelope]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

They should.

 

[Mac1958]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

They should.

They do!
.

 

[billyerock1991]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

hers my question to you help me understand ... you make 20,000 a year each and every time you get paid money is taken out ... you do your taxes you find out of that money you paid in for your federal taxes you're getting back 350.dollars ... how is that you didn't pay any taxes ... even welfare people are taxed and yet they are said to be not paying any taxes ... how do they come to this conclusion they don't pay any taxes ...I don't understand how they come to this conclusion ... can you explain to me so I can understand ...I'm serious here, not trying to bull shit here

The bottom line is the net Effective Tax Rate - this is the percentage of your AGI (Adjusted Gross Income) that you paid to the government in federal taxes for that calendar year, after deductions and credits. Once you have done your taxes.

So yes, at $20,000 you're probably paying a few dollars during the course of the year through your paychecks, but the question is how much you paid after receiving your refund, once all the dust has cleared, including low income credits.
.

but still after the Adjusted income ... still you paid in say a 1000 dollars in, just for conversation, you don't get back that 1000 dollars you get back a certain amount of that money back ...I don't think I every got a 1000 dollars back that I paid in ... I pay myself 20,000 dollars a year from my investments and and social security ... I pay a certain amount in taxes every 3 months ...at the end of the year I don't pay any taxes ... I don't get that money back that I paid in ... this is why I'm having trouble with this... I serious now, this is all done by my money mgr. and my tax accountant ... I not smart enough to do taxes and manage my money properly ... all my money comes from social security and my Ira now... I personally don't need any more money then 20,000 a year ... everything I own is paid for ... so if I want to go some where, I go ... if I want to buy something that's cost a lot, I contact my money mgr and he gets the money for me with out affecting the principle ... but Ive never ever got the entire money that I paid in ... now this is my personal experience ... I have a few friend who make very little money and they get back money but never all of their money they paid in ... I don't seem to get how they say they don't pay taxes ... every body I know has never got the entire amount they paid in back

 

[Penelope]

As Trump showed and also said, most of the elites use tax loopholes. The middle class pay more taxes.

 

[billyerock1991]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

They should.

the rate is 43.6 % ... they don't pay that 43.6% at least thats what I have read...

 

[Mac1958]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

They should.

the rate is 43.6 % ... they don't pay that 43.6% at least thats what I have read...

They do, that's the actual tax receipts.
.

 

[Mac1958]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

hers my question to you help me understand ... you make 20,000 a year each and every time you get paid money is taken out ... you do your taxes you find out of that money you paid in for your federal taxes you're getting back 350.dollars ... how is that you didn't pay any taxes ... even welfare people are taxed and yet they are said to be not paying any taxes ... how do they come to this conclusion they don't pay any taxes ...I don't understand how they come to this conclusion ... can you explain to me so I can understand ...I'm serious here, not trying to bull shit here

The bottom line is the net Effective Tax Rate - this is the percentage of your AGI (Adjusted Gross Income) that you paid to the government in federal taxes for that calendar year, after deductions and credits. Once you have done your taxes.

So yes, at $20,000 you're probably paying a few dollars during the course of the year through your paychecks, but the question is how much you paid after receiving your refund, once all the dust has cleared, including low income credits.
.

but still after the Adjusted income ... still you paid in say a 1000 dollars in, just for conversation, you don't get back that 1000 dollars you get back a certain amount of that money back ...I don't think I every got a 1000 dollars back that I paid in ... I pay myself 20,000 dollars a year from my investments and and social security ... I pay a certain amount in taxes every 3 months ...at the end of the year I don't pay any taxes ... I don't get that money back that I paid in ... this is why I'm having trouble with this... I serious now, this is all done by my money mgr. and my tax accountant ... I not smart enough to do taxes and manage my money properly ... all my money comes from social security and my Ira now... I personally don't need any more money then 20,000 a year ... everything I own is paid for ... so if I want to go some where, I go ... if I want to buy something that's cost a lot, I contact my money mgr and he gets the money for me with out affecting the principle ... but Ive never ever got the entire money that I paid in ... now this is my personal experience ... I have a few friend who make very little money and they get back money but never all of their money they paid in ... I don't seem to get how they say they don't pay taxes ... every body I know has never got the entire amount they paid in back

It's impossible to say without seeing the details. And it's good that you're out of the loop at this point on taxes, one less freakin' headache.
.

 

[Claudette]

Well when 1 percent of the population controls such a big part of all the wealth .....imagine the utter cruelty of having them pay some taxes. The big picture is big money in this country controls the tax code. The laws are written to their advantage. Don't worry Richies, we got your backs .

They already pay for almost half of all taxes...you're some kind of greedy.

Nah. He's just a fucking nut.

Oh and just think who would be paying what the rich pay if there were no rich??

Wonder if the nut would care to make a guess??

 

[billyerock1991]

Don't worry the people who actually do the work will pay the taxes. The rich are safe. We got your back Richies.

45% of Americans pay no federal income tax

"The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S.; the top 0.1% — just 115,000 households, whose average income is more than $9.4 million — pay more than 20% of it."
.

hers my question to you help me understand ... you make 20,000 a year each and every time you get paid money is taken out ... you do your taxes you find out of that money you paid in for your federal taxes you're getting back 350.dollars ... how is that you didn't pay any taxes ... even welfare people are taxed and yet they are said to be not paying any taxes ... how do they come to this conclusion they don't pay any taxes ...I don't understand how they come to this conclusion ... can you explain to me so I can understand ...I'm serious here, not trying to bull shit here

The bottom line is the net Effective Tax Rate - this is the percentage of your AGI (Adjusted Gross Income) that you paid to the government in federal taxes for that calendar year, after deductions and credits. Once you have done your taxes.

So yes, at $20,000 you're probably paying a few dollars during the course of the year through your paychecks, but the question is how much you paid after receiving your refund, once all the dust has cleared, including low income credits.
.

ok say you paid 1000 dollars and you get back 999 back .. still you paid 1 dollar how is that the don't pay taxes ... even though its a very small amount its still money paid in ... like i said I don't know of anyone who has ever got there entire taxes paid back ... have you ever know anyone who got their entire money back ???

 

[mudwhistle]

Trump Floored By MASSIVE Sales Tax Avoidance Scandal, Campaign Goes Silent

Along with the New York Times discovery that Trump lost nearly $1 billion in 1995, it was also discovered that Donald Trump is known for evading taxes — even sales taxes. Forbes dug up a criminal case from 1986 wherein Donald Trump was evading New York state sales tax in collusion with a Bulgari jewelry store. The high-end jewelry store and Donald Trump seemed to have worked out a deal where Trump could avoid paying sales tax to the state and the city.

Trump would enter the store at the Fifth Avenue location in Manhattan to purchase a piece for a wife or girlfriend such as an expensive watch or necklace. Under normal circumstances, Bulgari would charge the customer sales tax, which would then be later paid to state coffers.

But Trump and Bulgari had a deal. As a way to illegally avoid paying the sales tax, normally a pretty large sum on expensive jewelry, Trump would “ask” the store to ship the jewelry to an out-of-state address so that sales tax would not be collected.

Many online vendors sell out-of-state and are not required to collect or pay state sales tax unless they have a store or business location in the state where the item is delivered. But this was in 1986 before internet commerce and even today, state budgets are suffering from the practice.

What Forbes discovered is that the store would ship an empty box to the out-of-state address, and Trump and his current arm candy would walk out of the store with the jewelry.

New York tax collectors caught up to Bulgari and Trump and a number of others using this scam to cheat the State of New York out of rightful revenue, and Trump was called to testify against the store to protect himself against charges. According to The Los Angeles Times, Trump purchased over $65,000 worth of jewelry using this method, which is approximately $142,000 in 2016 dollars.

And the New York Sales tax scam isn’t the only tax evasion in Donald Trump’s past. Trump also stiffed the state of Florida for property taxes on his Mar-a-Lago estate. According to POLITICO reporter Frank Cerabino, Trump purchased the Palm Beach, Florida, estate from cereal empire heiress Marjorie Merriweather Post for the low, low price of $7.5 million. County appraisers, however, assessed the value of the property at $11.5 million when he bought it. This is a common practice, and new property owners are expected to pay property tax on the assessed value after the time of sale. But Donald Trump decided to cheat the county, and pay property taxes at the sales price instead of the actual value. Trump eventually wheedled out of paying the higher property taxes by giving up his development rights on some of the land to the National Trust for Historic Preservation, saving him from paying for the “highest and best use” standard normally used by tax assessors.

BREAKING: Trump Floored By MASSIVE Sales Tax Avoidance Scandal, Campaign Goes Silent

Every shitty thing is coming to the surface on this son of a bitch! He made a mistake running for the presidency! Dumbass.