Trump May Have Avoided Paying Taxes for Nearly Two Decades

[Jackson]

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.

The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.

Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.

Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years. ...

Mr. Trump declined to comment on the documents. Instead, the campaign released a statement that neither challenged nor confirmed the $916 million loss. ...​

The tax experts consulted by The Times said nothing in the 1995 documents suggested any wrongdoing by Mr. Trump, even if the extraordinary size of the loss he declared would have probably attracted extra scrutiny from I.R.S. examiners. “The I.R.S., when they see a negative $916 million, that has to pop out,” Mr. Rosenfeld said.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur

Of course, there is nothing illegal about this. And it's rational for anyone to take that deduction. But it would certainly explain why he hasn't released his taxes, and it could be a reason why he has been under audit so much.

Should anyone be allowed to take such a huge write-off? Maximum personal deduction from capital loss on income taxes is $3000.

Only dummies would believe anything reported by a hard left DNC controlled newspaper.

The story is accurate, verified by the accountant at that time whose signature is on the documents.

But keep crying that it isn't true because you don't like it, you pathetic, partisan hack.

The USMB RW crowd has unanimously agreed that their standard response to a fact they don't like is to simply declare it untrue.

Then it's up to you to prove it.

 

[james bond]

Sorry, this is long.

The tax law is the tax law. It works for the USG and the taxpayer. Instead of focusing just on DT, the law or the situation should be applied to all. If DT was wrong and an audit (already done) is evidence that he underpaid, then he owes back taxes and penalties. The IRS is good at that and collecting it.

Now, let's look at Clinton and her Servergate. The breach of national security law states it is illegal for all federal legislatures, so she should be held accountable and face sanctions and possibly prison time. She also had a huge lapse in judgment with Obama on Benghazi where the US Ambassador Andrew Stevens was murdered.

"Diplomatic Security special agent David Ubben waits silently, his M-4 assault rifle at the ready as he hides deep in the dark inside the villa that serves as the United States Consulate in Benghazi, Libya. Ubben’s assignment is close protection for U.S. Ambassador J. Christopher Stevens, which isn’t always easy. Stevens, a former Peace Corps volunteer, likes to get out among the people in the countries where he serves, especially Libya, which he helped to liberate from Muammar Gaddafi during the war last year. But even he has started to believe that al Qaeda is gunning for him, and on this day, the 11th anniversary of the Sept. 11 attacks on the United States, Stevens has let himself be persuaded to hold all his meetings behind the nine-foot walls and the coils of concertina wire that surround the Benghazi consulate.

That hasn’t been enough. Now groups of armed men swarm through the compound, firing their AK-47s in staccato bursts, and every so often the air shakes with the concussion of a grenade. Behind Ubben, in a specially fortified suite called a safe haven, the ambassador and another diplomat, Sean Smith, should be well protected. There is a large closet, similar to a “panic room,” with supplies of water and food to withstand a siege of hours or even days, and Ubben has radioed the four other American security men holed up in other consulate buildings that he and the ambassador and Smith are OK. This is what the safe haven and the safe room have been built for. And he is there with his M-4 at the ready. He will make sure nobody gets through the steel grilles that protect them.

But now, watching from the dark, Ubben sees some of the attackers coming into the other, open side of the villa. They are carrying jerrycans full of diesel used to fuel the embassy’s electrical generators. They peer through the locked grate of the safe haven. They rattle it. They don’t seem to see him. Ubben watches. He waits. They are spreading diesel over the floor, pouring it onto the overstuffed Arab-style furniture. The fire begins. The flames start to spread. The fumes—the fumes are everywhere. And there is nothing Ubben can do to stop them."

http://www.newsweek.com/truth-behind-benghazi-attack-65289

"Like snowflakes on a frozen sidewalk, the latest damaging revelations about Hillary Clinton are starting to stick. More than that, Servergate raises the question: Why, precisely, should she become president anyway? This week brought news that then–secretary of state Clinton never had a State Department e-mail address. Instead, she exclusively used a private account to e-mail others in the Obama administration, including some of her staffers who communicated via their own private accounts. Clinton did not simply keep using an old account. She launched [email protected] as her Senate confirmation hearings opened. Rather than have her e-mails automatically available on government computers for permanent scrutiny, Team Clinton gave State 55,000 pages of handpicked e-mails. What they may have withheld is anyone’s guess. Clinton already has angered the Washington Post. As it editorialized Wednesday: “If people aspire to public service, they should behave as stewards of a public trust, and that includes the records — all of them.” Even worse, Clinton’s e-mails were not stored on a computer at State or in a secure facility deep inside a Utah salt dome. Instead, The Associated Press reports, they resided on a private server at her Chappaqua, N.Y., mansion. This story swiftly has mushroomed from yet another example of Clinton’s obsession with secrecy into fears of a possible breach of national security."

Servergate
http://www.nationalreview.com/article/414972/servergate-revelations-stick-hillary-deroy-murdock

There are lies by politicos and then there are damned lies. These two damned lies are against Hillary Clinton. Her nickname should be OJ for orange jumpsuit.

 

[owebo]

If it was legal of course it should be allowed

Yes. As far as we know, he broke no laws with that tax return and with claiming the loss.

Many things are "allowed" and "legal".....but are not things to be proud of.

Pride has nothing to do with the law.

Tell me do you take every "allowed" deduction or do you pay more than you have to?

Are you retarded? I never said pride has anything to do with the law. What I said is....that Trump is rightfully embarrassed by this tax return. It is legal.....he broke no laws....but he is very unhappy that it is now public.

Duh.

And....I take every allowable deduction. I still paid about 18% in 1995. Therefore, I'm not embarrassed by my return. Get it?

Then why should he be embarrassed? He did the same as you. He takes every allowable tax deduction...

Oh look! It's the forum genius weighing in with a real brain teaser!

Don't you need a brain in order to be teased?

If there were anything bad in Trumps taxes, your Obama would have ended the audit.....

 

[Jackson]

If it was legal of course it should be allowed

Yes. As far as we know, he broke no laws with that tax return and with claiming the loss.

Many things are "allowed" and "legal".....but are not things to be proud of.

Pride has nothing to do with the law.

Tell me do you take every "allowed" deduction or do you pay more than you have to?

Are you retarded? I never said pride has anything to do with the law. What I said is....that Trump is rightfully embarrassed by this tax return. It is legal.....he broke no laws....but he is very unhappy that it is now public.

Duh.

And....I take every allowable deduction. I still paid about 18% in 1995. Therefore, I'm not embarrassed by my return. Get it?

Then why should he be embarrassed? He did the same as you. He takes every allowable tax deduction...

Oh look! It's the forum genius weighing in with a real brain teaser!

Well, now you realize who I am...lol!

 

[gipper]

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.

The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.

Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.

Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years. ...

Mr. Trump declined to comment on the documents. Instead, the campaign released a statement that neither challenged nor confirmed the $916 million loss. ...​

The tax experts consulted by The Times said nothing in the 1995 documents suggested any wrongdoing by Mr. Trump, even if the extraordinary size of the loss he declared would have probably attracted extra scrutiny from I.R.S. examiners. “The I.R.S., when they see a negative $916 million, that has to pop out,” Mr. Rosenfeld said.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur

Of course, there is nothing illegal about this. And it's rational for anyone to take that deduction. But it would certainly explain why he hasn't released his taxes, and it could be a reason why he has been under audit so much.

Should anyone be allowed to take such a huge write-off? Maximum personal deduction from capital loss on income taxes is $3000.

Only dummies would believe anything reported by a hard left DNC controlled newspaper.

The story is accurate, verified by the accountant at that time whose signature is on the documents.

But keep crying that it isn't true because you don't like it, you pathetic, partisan hack.

The USMB RW crowd has unanimously agreed that their standard response to a fact they don't like is to simply declare it untrue.

Hillary is a proven crook and the establishment's pick for POTUS. Trump says a lot of stupid shit, but is not a proven crook or the establishment's pick for POTUS.

Naturally....leftists vote with the establishment and for the proven crook.

 

[Mac1958]

Should anyone be allowed to take such a huge write-off? Maximum personal deduction from capital loss on income taxes is $3000.

Yeah, that's the first thing I wondered.

Something doesn't fit. I wouldn't be at all surprised if he leveraged tax law, or even did something shady, but I need a little more detail here.
.

 

[NYcarbineer]

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.

The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.

Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.

Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years. ...

Mr. Trump declined to comment on the documents. Instead, the campaign released a statement that neither challenged nor confirmed the $916 million loss. ...​

The tax experts consulted by The Times said nothing in the 1995 documents suggested any wrongdoing by Mr. Trump, even if the extraordinary size of the loss he declared would have probably attracted extra scrutiny from I.R.S. examiners. “The I.R.S., when they see a negative $916 million, that has to pop out,” Mr. Rosenfeld said.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur

Of course, there is nothing illegal about this. And it's rational for anyone to take that deduction. But it would certainly explain why he hasn't released his taxes, and it could be a reason why he has been under audit so much.

Should anyone be allowed to take such a huge write-off? Maximum personal deduction from capital loss on income taxes is $3000.

If it was legal of course it should be allowed

Yes. As far as we know, he broke no laws with that tax return and with claiming the loss.

Many things are "allowed" and "legal".....but are not things to be proud of.

Pride has nothing to do with the law.

Tell me do you take every "allowed" deduction or do you pay more than you have to?

Are you retarded? I never said pride has anything to do with the law. What I said is....that Trump is rightfully embarrassed by this tax return. It is legal.....he broke no laws....but he is very unhappy that it is now public.

Duh.

And....I take every allowable deduction. I still paid about 18% in 1995. Therefore, I'm not embarrassed by my return. Get it?

And do you have to publish your return ever?

No

And no political candidate has to publish theirs

No one's saying they have to. Trump has every right to conceal his tax returns and accept the political consequences.

 

[gipper]

Should anyone be allowed to take such a huge write-off? Maximum personal deduction from capital loss on income taxes is $3000.

Yeah, that's the first thing I wondered.

Something doesn't fit. I wouldn't be at all surprised if he leveraged tax law, or even did something shady, but I need a little more detail here.
.

The Clintons are proven crooks, but let's use distortion tactics to make Trump look like the crook.

It works on millions of dumb Americans.

 

[NYcarbineer]

Only dummies would believe anything reported by a hard left DNC controlled newspaper.

The story is accurate, verified by the accountant at that time whose signature is on the documents.

But keep crying that it isn't true because you don't like it, you pathetic, partisan hack.

The USMB RW crowd has unanimously agreed that their standard response to a fact they don't like is to simply declare it untrue.

Hillary is a proven crook and the establishment's pick for POTUS. Trump says a lot of stupid shit, but is not a proven crook or the establishment's pick for POTUS.

Naturally....leftists vote with the establishment and for the proven crook.

What was Hillary Clinton convicted of, again?

 

[Ray From Cleveland]

He's getting away with what is legal here. Fine, so be it. So is a producer of Hot Teen Porno. Legal but are they running for president? No.

Trump paints himself as a patriot and then does everything possible not to pay up for the county he supposedly loves? That doesn't play.

It works like this, for example. A man says he loves his children but every year he goes to court to pay as little as possible in child support. Does he really love his children or is he just saying that because it sounds good? It might be legal but it sure ain't love.

So the Clintons paid taxes and Hil-Liar exposed our confidential and classified information to our enemies. Then she looked right into the eyes of the American people and lied to us repeatedly. She did the same with Congress under oath.

So who loves their country more, Trump or Hillary?

 

[Mac1958]

Should anyone be allowed to take such a huge write-off? Maximum personal deduction from capital loss on income taxes is $3000.

Yeah, that's the first thing I wondered.

Something doesn't fit. I wouldn't be at all surprised if he leveraged tax law, or even did something shady, but I need a little more detail here.
.

The Clintons are proven crooks, but let's use distortion tactics to make Trump look like the crook.

It works on millions of dumb Americans.

The Clinton's behaviors and Trump's behaviors are two different things, existing separately but in the same space.
.

 

[NYcarbineer]

Either way it does not look good for Trump

He is running as such a great businessman who managed to lose close to a billion dollars in one year

He has not paid taxes in decades making him one of the 47%...a serial moocher

You don't know if he lost a billion in a year. Although, with our crazy economy, it could be right. The serial moochers are those who get welfare checks, apartment subsidies and other welfare appropriations from the government and never pay a dime in taxes!

Apparently billionaire Trump can't claim he had to pay for that welfare.

Are we saying he never paid taxes?

Does your caregiver have to chew your food for you? Read the thread.

 

[owebo]

The story is accurate, verified by the accountant at that time whose signature is on the documents.

But keep crying that it isn't true because you don't like it, you pathetic, partisan hack.

The USMB RW crowd has unanimously agreed that their standard response to a fact they don't like is to simply declare it untrue.

Hillary is a proven crook and the establishment's pick for POTUS. Trump says a lot of stupid shit, but is not a proven crook or the establishment's pick for POTUS.

Naturally....leftists vote with the establishment and for the proven crook.

What was Hillary Clinton convicted of, again?

According to whose law?

 

[owebo]

Should anyone be allowed to take such a huge write-off? Maximum personal deduction from capital loss on income taxes is $3000.

Yeah, that's the first thing I wondered.

Something doesn't fit. I wouldn't be at all surprised if he leveraged tax law, or even did something shady, but I need a little more detail here.
.

The Clintons are proven crooks, but let's use distortion tactics to make Trump look like the crook.

It works on millions of dumb Americans.

The Clinton's behaviors and Trump's behaviors are two different things, existing separately but in the same space.
.

Trump walked onto, then off the plantation, while never being a part of it however.....

 

[Ray From Cleveland]

Trump gets away with others cannot afford to. He's no patriot, just another rich guy taking advantage of the system. For most American voters that is not a winning slogan.

I pay as little as possible because I so love America? Yeah, that dog doesn't hunt.

So who in their right mind pays more than they have to?

 

[NYcarbineer]

The story is accurate, verified by the accountant at that time whose signature is on the documents.

But keep crying that it isn't true because you don't like it, you pathetic, partisan hack.

The USMB RW crowd has unanimously agreed that their standard response to a fact they don't like is to simply declare it untrue.

Hillary is a proven crook and the establishment's pick for POTUS. Trump says a lot of stupid shit, but is not a proven crook or the establishment's pick for POTUS.

Naturally....leftists vote with the establishment and for the proven crook.

What was Hillary Clinton convicted of, again?

According to whose law?

Were you up all night coming up with that? Take a nap.

 

[EvilCat Breath]

Oh the horror. Donald Trump doesn't break the law.

 

[Correll]

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.

The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.

Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.

Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years. ...

Mr. Trump declined to comment on the documents. Instead, the campaign released a statement that neither challenged nor confirmed the $916 million loss. ...​

The tax experts consulted by The Times said nothing in the 1995 documents suggested any wrongdoing by Mr. Trump, even if the extraordinary size of the loss he declared would have probably attracted extra scrutiny from I.R.S. examiners. “The I.R.S., when they see a negative $916 million, that has to pop out,” Mr. Rosenfeld said.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur

Of course, there is nothing illegal about this. And it's rational for anyone to take that deduction. But it would certainly explain why he hasn't released his taxes, and it could be a reason why he has been under audit so much.

Should anyone be allowed to take such a huge write-off? Maximum personal deduction from capital loss on income taxes is $3000.

The more complex a tax system is, any system really, the more those who can devote time or resources to working the system can benefit from the system.



Which is why I support vastly simpler tax systems, like the National Sales tax, or a Flat Tax.

 

[Ray From Cleveland]

Yep. Rich guys don't get richer by obey the spirit of the law. They use the letter of the law to cheat.

Trump doesn't write us checks we write him checks. That's why he can never release his tax returns like any normal person. If that got out, that would end Trump's chances being elected.

No, because the only people that give a crap about his taxes are the left, and they're not voting for Trump anyway. The rest of us will stick to issues that actually deal with the next person to become President.

 

[Skull Pilot]

If it was legal of course it should be allowed

Yes. As far as we know, he broke no laws with that tax return and with claiming the loss.

Many things are "allowed" and "legal".....but are not things to be proud of.

Pride has nothing to do with the law.

Tell me do you take every "allowed" deduction or do you pay more than you have to?

Are you retarded? I never said pride has anything to do with the law. What I said is....that Trump is rightfully embarrassed by this tax return. It is legal.....he broke no laws....but he is very unhappy that it is now public.

Duh.

And....I take every allowable deduction. I still paid about 18% in 1995. Therefore, I'm not embarrassed by my return. Get it?

And do you have to publish your return ever?

No

And no political candidate has to publish theirs

No one's saying they have to. Trump has every right to conceal his tax returns and accept the political consequences.

yeah his not publishing them hasn't seem to hurt him very much