Trump hits bottom over tax issues. Devalues property in order to get out of paying tax

[dannyboys]

As far as the expensive yacht, most every yacht owner on the east coast registers their vessel in the Bahamas to avoid the punitive, democrat tax system and other costs that stifles free enterprise. It is kind of like registering a corporation. Do you do it in your home state and pay all kinds of fees, or do you do it in Delaware like every other intelligent, responsible executive. As far as the real estate, if the town tax assessors office lets owners value their properties themselves more power to him. Only a stupid douchebag would want to pay the maximum taxes and fees imposed by a corrupt government like the fed, state, and local in the USA.

Yacht?
Owner avoiding paying taxes?
The 'Pickle Lady's Lap Poodle' John The Traitor Kerry knows something about how the game is played.
John Kerry Saves $500,000 By Docking 76-Foot Luxury Yacht Out Of State

 

[SassyIrishLass]

 

[Mikeoxenormous]

That's bullshit........Trump hasn't released any tax returns.

His refusal, at least so far, to release his tax returns.
Here’s Why Delaying His Taxes Could Be Disastrous for Trump

Liar. I found it..
"

Stephen B. Morton/AP

Donald Trump, the tycoon now leading the GOP presidential pack, made more money selling mattresses last year than twice the total net worth of Marco Rubio.

Last week Trump announced he had filed the details of his personal finances, as all presidential candidates must, and was worth "in excess of TEN BILLION DOLLARS" (his emphasis). On Wednesday, his financial disclosure form was released by the Federal Election Commission, and it backs up his bluster. It also tells the complicated—and entertaining—story of Trump's financial life.
Donald Trump just released his personal finances—and, oh boy

He released them two months ago.
Donald Trump Still A Miser, Tax Return Shows

Trump has not released any tax returns.

Already posted the links where he did. Reagan never released his and I think Trump should refuse as well. Because its none of your G-d damn concern.

No, dumbass....he didn't release tax returns...he released his personal finances report....not the same. And, yes, it is our business....some of us do not want a crook for a President....maybe you do.

The public won't let him get away with not releasing them.....only his gullible supporters.

You don't want a "crook" to be President?
' Clinton Foundation' Hillary's amazing genius at playing the stock market ONCE and making over 100K in a single day!. Mena airport cocaine operation, Whitewater, stealing the fucking furniture from the White house which she had to return.
Trump played by the rules. Hillary has never played by any rules except her own all her life.

But it is okay for a liberal to make UBER amounts of money because they "SAY" they are for the little guy. Look at Warren Buffet who pays a lower tax rate than his secretary. Of course if Warrant really cared about paying his taxes, he could VOLUNTEER to pay more, but typical of a liberal, everyone else must sacrifice while he lives an exuberant(that means RICH) lifestyle.

Buffett says he's still paying lower tax rate than his secretary

Buffett says he's still paying lower tax rate than his secretary

 

[Silhouette]

Don't be too hard on Trump. What he did is done everyday by large companies, and Trump is a large company.

That's like saying "Don't be too hard on that big burly bank robber. What he did is done every day by other big burly bank robbers, and he is a big, burly bank robber."

Two wrongs don't make a right.

 

[jon_berzerk]

This was all over ABC news tonight so here it is. Donald Trump the first in 40 years to refuse to release his income tax returns as a Presidential nominee, really does have something to hide. He has been valuing his owned properties much lower than what they''re worth to get out of paying his fair share of taxes. Apparently he has done this on golf courses, casinos and even his yacht.

"The Trump National Golf Club in Westchester County, New York, with its lovingly manicured golf course, gently winding streams, stone bridges, 101-foot waterfall and an expansive clubhouse is, according to Donald Trump, reflective of “a true luxury lifestyle.”

Creating such a “memorable club” is not cheap: Trump wrote on a candidate disclosure form that the sprawling 147-acre private club bearing his name is worth “more than $50 million.”

But when it came time to value the property for tax purposes, his lawyers have argued that Trump National is really worth only $1.35 million. The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else."
Officials Question Donald Trump’s Use of Tax Loopholes

on properties the county appraiser not the owner determines property value for tax purposes

as a real-estate marketing value that is set by an usually a private appraiser

so if they are bewildered they need to look at their own government

another gotcha non story

--LOL

 

[dannyboys]

Don't be too hard on Trump. What he did is done everyday by large companies, and Trump is a large company.

That's like saying "Don't be too hard on that big burly bank robber. What he did is done every day by other big burly bank robbers, and he is a big, burly bank robber."

Two wrongs don't make a right.

So it's wrong to want to keep as much of your own money as the laws allow you to?

 

[edthecynic]

As far as the expensive yacht, most every yacht owner on the east coast registers their vessel in the Bahamas to avoid the punitive, democrat tax system and other costs that stifles free enterprise. It is kind of like registering a corporation. Do you do it in your home state and pay all kinds of fees, or do you do it in Delaware like every other intelligent, responsible executive. As far as the real estate, if the town tax assessors office lets owners value their properties themselves more power to him. Only a stupid douchebag would want to pay the maximum taxes and fees imposed by a corrupt government like the fed, state, and local in the USA.

And only a hypocrite would praise Trump for what they in the past condemned Kerry for doing!!!!

Sen. Kerry Snaps Over Yacht Tax Scandal

On Friday, the Boston Herald reported that the Massachusetts Democrat had berthed his yacht Isabel in Rhode Island and suggested he was seeking to avoid paying about $437,000 in sales tax and an annual excise tax of around $70,000 that would be levied if he berthed the vessel in Massachusetts.

Rhode Island has no sales tax on yachts.

Following his first public appearance since the story broke, Kerry tried to dash off to his SUV but was intercepted by reporters who asked about the yacht controversy.

 

[jon_berzerk]

if you are talking federal taxes

the owner does not pay taxes on the value of property

but rather on any profits after expenses made by the property

 

[jon_berzerk]

Don't be too hard on Trump. What he did is done everyday by large companies, and Trump is a large company.

That's like saying "Don't be too hard on that big burly bank robber. What he did is done every day by other big burly bank robbers, and he is a big, burly bank robber."

Two wrongs don't make a right.

So it's wrong to want to keep as much of your own money as the laws allow you to?

only if you are anything but a democrat

then yes it is wrong

--LOL

 

[eddiew]

The guys a cheater...A crook.

And those are his good points .... a bigot a racist too etc etc

 

[HereWeGoAgain]

And I contest the value of my house every year come tax time.
Do all you liberals live in a cardboard box or something?

 

[eddiew]

This was all over ABC news tonight so here it is. Donald Trump the first in 40 years to refuse to release his income tax returns as a Presidential nominee, really does have something to hide. He has been valuing his owned properties much lower than what they''re worth to get out of paying his fair share of taxes. Apparently he has done this on golf courses, casinos and even his yacht.

"The Trump National Golf Club in Westchester County, New York, with its lovingly manicured golf course, gently winding streams, stone bridges, 101-foot waterfall and an expansive clubhouse is, according to Donald Trump, reflective of “a true luxury lifestyle.”

Creating such a “memorable club” is not cheap: Trump wrote on a candidate disclosure form that the sprawling 147-acre private club bearing his name is worth “more than $50 million.”

But when it came time to value the property for tax purposes, his lawyers have argued that Trump National is really worth only $1.35 million. The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else."
Officials Question Donald Trump’s Use of Tax Loopholes

Bwahahaha....Trump is so scared that we're going to find out that he's not really worth as much as he brags that he is.......I'm not surprised that he would cheat on his taxes....and that's the kind of person the Republicans want as a leader......a role model. So much for Christian values......

LOL Bet he's lying about big ,,,,,,,,,,"hands"" too

 

[edthecynic]

You love how the left/dems are all of sudden worried over people's taxes? We should list how many in that Democrat party are tax cheats, still owes back taxes, etc. but when we do they just yawn.

Lets start with this one:
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Sen. Kerry docks yacht in R.I., saves on taxes
Lawmaker saves $500k in taxes on $7 million yacht

Stew Milne / AP
"Isabel," the 76-foot yacht owned by Democratic Sen. John Kerry of Massachusetts, is undergoing repairs at the Hinckley shipyard in Portsmouth, R.I., Friday, July 23, 2010.

updated 7/23/2010 4:34:00 PM ET 2010-07-23T20:34:00

• -

BOSTON — Massachusetts Sen. John Kerry is docking his family's new $7 million yacht in neighboring Rhode Island, allowing him to avoid paying roughly $500,000 in taxes to his cash-strapped home state.


all of it here:
Sen. Kerry docks yacht in R.I., saves on taxes

Yeah, the Right condemns Kerry, who actually paid the Mass taxes on the yacht, and praise Donald for not paying taxes.

Kerry Agrees to Pay Massachusetts Tax on Yacht Docked in Rhode Island | Fox News

The Massachusetts senator, after an uproar in his home state over the decision to dock his new $7 million yacht in tax-free Rhode Island, told his state's tax collector Tuesday that he would "promptly" pay all Massachusetts taxes on the yacht.

"As we've said from the beginning, we have always complied with tax laws and we always will," the senator said in a written statement. "The payment is being made promptly."

The 2004 Democratic presidential nominee has been dogged by charges of tax evasion since last week, when the Boston Herald first reported about his decision to dock the 76-foot sloop Isabel in Newport, R.I.

Doing so spared Kerry a $437,500 one-time sales tax charge in Massachusetts, as well as about $70,000 in annual excise taxes. Rhode Island repealed those taxes in 1993, making the state something of a nautical tax haven.

Massachusetts officials said Kerry was within his rights to base the vessel in Rhode Island, despite owning homes in Nantucket and Boston, but they also said he would be liable for taxes if he brought the yacht to Massachusetts within six months of taking ownership.

Subsequent news accounts placed the Isabel in Nantucket over the Fourth of July weekend and on Martha's Vineyard more recently. It is now in a shipyard in Portsmouth, R.I., undergoing warranty repairs. A Kerry spokesman said he chose to base the vessel in Rhode Island not for tax purposes, but charter opportunities and long-term service.

 

[jon_berzerk]

As far as the expensive yacht, most every yacht owner on the east coast registers their vessel in the Bahamas to avoid the punitive, democrat tax system and other costs that stifles free enterprise. It is kind of like registering a corporation. Do you do it in your home state and pay all kinds of fees, or do you do it in Delaware like every other intelligent, responsible executive. As far as the real estate, if the town tax assessors office lets owners value their properties themselves more power to him. Only a stupid douchebag would want to pay the maximum taxes and fees imposed by a corrupt government like the fed, state, and local in the USA.

And only a hypocrite would praise Trump for what they in the past condemned Kerry for doing!!!!

Sen. Kerry Snaps Over Yacht Tax Scandal

On Friday, the Boston Herald reported that the Massachusetts Democrat had berthed his yacht Isabel in Rhode Island and suggested he was seeking to avoid paying about $437,000 in sales tax and an annual excise tax of around $70,000 that would be levied if he berthed the vessel in Massachusetts.

Rhode Island has no sales tax on yachts.

Following his first public appearance since the story broke, Kerry tried to dash off to his SUV but was intercepted by reporters who asked about the yacht controversy.

are you saying that Trump followed suit

and moved his golf course to another state

to hide his asset from the state assessor

as Kerry did with his boat

 

[jon_berzerk]

And I contest the value of my house every year come tax time.
Do all you liberals live in a cardboard box or something?

it is weird none of them ever seem to know how property taxes work

--LOL

 

[SwimExpert]

This was all over ABC news tonight so here it is. Donald Trump the first in 40 years to refuse to release his income tax returns as a Presidential nominee, really does have something to hide. He has been valuing his owned properties much lower than what they''re worth to get out of paying his fair share of taxes. Apparently he has done this on golf courses, casinos and even his yacht.

"The Trump National Golf Club in Westchester County, New York, with its lovingly manicured golf course, gently winding streams, stone bridges, 101-foot waterfall and an expansive clubhouse is, according to Donald Trump, reflective of “a true luxury lifestyle.”

Creating such a “memorable club” is not cheap: Trump wrote on a candidate disclosure form that the sprawling 147-acre private club bearing his name is worth “more than $50 million.”

But when it came time to value the property for tax purposes, his lawyers have argued that Trump National is really worth only $1.35 million. The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else."
Officials Question Donald Trump’s Use of Tax Loopholes

This turns out to be true it wouldn't surprise me one bit. Overinflating assets to create the lie of being worth more than he is, then undervaluing them to avoid paying taxes on them. Not even Quentin Tarantino could make this shit more awesome!

 

[jon_berzerk]

This was all over ABC news tonight so here it is. Donald Trump the first in 40 years to refuse to release his income tax returns as a Presidential nominee, really does have something to hide. He has been valuing his owned properties much lower than what they''re worth to get out of paying his fair share of taxes. Apparently he has done this on golf courses, casinos and even his yacht.

"The Trump National Golf Club in Westchester County, New York, with its lovingly manicured golf course, gently winding streams, stone bridges, 101-foot waterfall and an expansive clubhouse is, according to Donald Trump, reflective of “a true luxury lifestyle.”

Creating such a “memorable club” is not cheap: Trump wrote on a candidate disclosure form that the sprawling 147-acre private club bearing his name is worth “more than $50 million.”

But when it came time to value the property for tax purposes, his lawyers have argued that Trump National is really worth only $1.35 million. The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else."
Officials Question Donald Trump’s Use of Tax Loopholes

This turns out to be true it wouldn't surprise me one bit. Overinflating assets to create the lie of being worth more than he is, then undervaluing them to avoid paying taxes on them. Not even Quentin Tarantino could make this shit more awesome!

yeah too bad it is another non story

--LOL

 

[bripat9643]

This was all over ABC news tonight so here it is. Donald Trump the first in 40 years to refuse to release his income tax returns as a Presidential nominee, really does have something to hide. He has been valuing his owned properties much lower than what they''re worth to get out of paying his fair share of taxes. Apparently he has done this on golf courses, casinos and even his yacht.

"The Trump National Golf Club in Westchester County, New York, with its lovingly manicured golf course, gently winding streams, stone bridges, 101-foot waterfall and an expansive clubhouse is, according to Donald Trump, reflective of “a true luxury lifestyle.”

Creating such a “memorable club” is not cheap: Trump wrote on a candidate disclosure form that the sprawling 147-acre private club bearing his name is worth “more than $50 million.”

But when it came time to value the property for tax purposes, his lawyers have argued that Trump National is really worth only $1.35 million. The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else."
Officials Question Donald Trump’s Use of Tax Loopholes

Trump doesn't determine the value of his property for tax purposes. The taxing district does that, so this so-called scandal is just another red hearing. Of course Trump and his lawyers ask for as low an evaluation as possible. Every commercial property owner does likewise. It's standard business practice.

 

[edthecynic]

As far as the expensive yacht, most every yacht owner on the east coast registers their vessel in the Bahamas to avoid the punitive, democrat tax system and other costs that stifles free enterprise. It is kind of like registering a corporation. Do you do it in your home state and pay all kinds of fees, or do you do it in Delaware like every other intelligent, responsible executive. As far as the real estate, if the town tax assessors office lets owners value their properties themselves more power to him. Only a stupid douchebag would want to pay the maximum taxes and fees imposed by a corrupt government like the fed, state, and local in the USA.

And only a hypocrite would praise Trump for what they in the past condemned Kerry for doing!!!!

Sen. Kerry Snaps Over Yacht Tax Scandal

On Friday, the Boston Herald reported that the Massachusetts Democrat had berthed his yacht Isabel in Rhode Island and suggested he was seeking to avoid paying about $437,000 in sales tax and an annual excise tax of around $70,000 that would be levied if he berthed the vessel in Massachusetts.

Rhode Island has no sales tax on yachts.

Following his first public appearance since the story broke, Kerry tried to dash off to his SUV but was intercepted by reporters who asked about the yacht controversy.

are you saying that Trump followed suit

and moved his golf course to another state

to hide his asset from the state assessor

as Kerry did with his boat

Typical dishonest Right-wing deflection, my reply was to the post about Trump's YACHT, but you knew that already.

 

[eddiew]

This was all over ABC news tonight so here it is. Donald Trump the first in 40 years to refuse to release his income tax returns as a Presidential nominee, really does have something to hide. He has been valuing his owned properties much lower than what they''re worth to get out of paying his fair share of taxes. Apparently he has done this on golf courses, casinos and even his yacht.

"The Trump National Golf Club in Westchester County, New York, with its lovingly manicured golf course, gently winding streams, stone bridges, 101-foot waterfall and an expansive clubhouse is, according to Donald Trump, reflective of “a true luxury lifestyle.”

Creating such a “memorable club” is not cheap: Trump wrote on a candidate disclosure form that the sprawling 147-acre private club bearing his name is worth “more than $50 million.”

But when it came time to value the property for tax purposes, his lawyers have argued that Trump National is really worth only $1.35 million. The proposed valuation has bewildered officials in the small town of Ossining, who said the new figure would cut Trump’s tax burden by 90 percent and dump that burden on everyone else."
Officials Question Donald Trump’s Use of Tax Loopholes

This turns out to be true it wouldn't surprise me one bit. Overinflating assets to create the lie of being worth more than he is, then undervaluing them to avoid paying taxes on them. Not even Quentin Tarantino could make this shit more awesome!

Instead of Pulp Fiction we can have Trump fiction