Trump May Have Avoided Paying Taxes for Nearly Two Decades

[SwimExpert]

Anyone that could defend Trump isn't worth having a discussion with. You're a supporter of a criminal and a cheat.

You think nothing of this man being a criminal...The double standard this man enjoys is fucking sickening.

More evidence that you're a lunatic wing-nut. I don't support Trump, moron.

 

[Toddsterpatriot]

This is approaching Bernie Madoff level fraud

Hey, fucktard, if you have losses one year, you don't owe taxes until that loss is "used up" by future earnings.

Did your parents have any kids who weren't complete morons?

 

[FA_Q2]

This is approaching Bernie Madoff level fraud

Aaaaaand, you ruin it. It's amazing how often you can start of with a generally valid point of discussion, and then waste no time converting it into full wing-nut mode.

Anyone that could defend Trump isn't worth having a discussion with. You're a supporter of a criminal and a cheat.

You think nothing of this man being a criminal...The double standard this man enjoys is fucking sickening.

Just a hint - he didn't defend Trump at all. He pointed out that you have an enormous propensity to fly off into insane land.

 

[Toddsterpatriot]

Tax Records Obtained by The Times Reveal Trump May Have Avoided Paying Taxes for Nearly Two Decades

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.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur&_r=0
Goddamn, that means he didn't pay all those police, our military, our veterans or the infrastructure that his goods moves across. This man is a crook.

$916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying

I mean, seriously, could you be any dumber?

 

[SwimExpert]

This is approaching Bernie Madoff level fraud

Hey, fucktard, if you have losses one year, you don't owe taxes until that loss is "used up" by future earnings.

Did your parents have any kids who weren't complete morons?

So, you think it took him 18 years to make enough income to balance out that loss?

 

[DarkFury]

"May Have", do we convict for that kind of stuff?

 

[2aguy]

Tax Records Obtained by The Times Reveal Trump May Have Avoided Paying Taxes for Nearly Two Decades

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.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=tw-nytimes&smtyp=cur&_r=0
Goddamn, that means he didn't pay all those police, our military, our veterans or the infrastructure that his goods moves across. This man is a crook.

Sorry....didn't happen....he paid taxes on every aspect of his businesses....every year....year after year...on top of creating thousands of jobs all across the country...creating new taxpayers.....

hilary made 2 billion dollars selling her office as Secretary of State, hiding the money in her fake charity......

 

[bripat9643]

You seem to have a problem with the tax laws Congress has passed.

Don't you?

Yep, but for the exact opposite reason Mathew objects to them.

 

[Lakhota]

I hear that Trump's negatives are hurting the family businesses. I hope they go broke. Not all of Trump's skeletons are even out of the closet yet.

 

[OnePercenter]

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 tax rules that are 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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

Is this not what I told you?

 

[Toddsterpatriot]

This is approaching Bernie Madoff level fraud

Hey, fucktard, if you have losses one year, you don't owe taxes until that loss is "used up" by future earnings.

Did your parents have any kids who weren't complete morons?

So, you think it took him 18 years to make enough income to balance out that loss?

He could have trillions in unrealized gains, while only making $50 million a year in realized income.
Rich guys have more ways to structure their income than you or I do.

 

[FA_Q2]

You seem to have a problem with the tax laws Congress has passed.

Don't you?

The better question would be do you have a problem with those that take advantage of existing tax law?

I know I do not have one single problem with anyone that has or continues to take advantage of every tax law on the books. I also want to see the tax code completely redone because those tax codes are corrupt. That does not mean that people should not take advantage of laws that we are required to follow no matter how much they need to be changed.

 

[edthecynic]

This is approaching Bernie Madoff level fraud

Hey, fucktard, if you have losses one year, you don't owe taxes until that loss is "used up" by future earnings.

So much for that crap that the rich are entitled to lower tax rates because of the "RISK" they take!!!!

 

[Toddsterpatriot]

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 tax rules that are 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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years,

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

DERP!

 

[OnePercenter]

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 tax rules that are 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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years,

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

DERP!

It's not illegal. Republicans made it so!

 

[yiostheoy]

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 tax rules that are 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.

Now, thanks to Mr. Trump’s 1995 tax records, the degree to which he spun all those years of red ink into tax write-off gold may be finally apparent.

Mr. Mitnick was the person Mr. Trump leaned on most to do the spinning. The lawyer and accountant worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. Mr. Mitnick had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

In “Art of the Deal,” his 1987 best-selling book, Mr. Trump referred to Mr. Mitnick as “my accountant” — although he misspelled his name. Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.

Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else.

“Here the guy was building incredible net worth and not paying tax on it,” he said.

Much More: Trump Tax Records Obtained by The Times Reveal He Could Have Avoided Paying Taxes for Nearly Two Decades - The New York Times

I hate tax cheats. As patriotic Americans - we should all pay our fair share of taxes.

This however is still not as bad as Romney earning $20 million per year and paying only 14% tax on it.

Trump lost money -- that is the source of his tax return deductions.

Romney was making money hand over fist and paying lower tax on it than the working poor.

The Frontline documentary has made it clear that while Trump Towers was a success for Trump, everything else that he has touched has lost money by the ton. But the bankers in the coalition agreed to keep his brand name alive in order to keep the value of his remaining assets inflated.

That's life on Wall Street.

Trump is bankrupt. Hillary guessed it already.

 

[NYcarbineer]

Why is it that while Trump thinks it's a sign of brilliance of you can figure out how to pay no taxes,

he's ashamed to show his tax returns, which most likely show how 'brilliant' he is?

 

[ScienceRocks]

If he is bankrupt he is irresponsible and incapable of running anything..

 

[rdean]

This is approaching Bernie Madoff level fraud

Aaaaaand, you ruin it. It's amazing how often you can start of with a generally valid point of discussion, and then waste no time converting it into full wing-nut mode.

Anyone that could defend Trump isn't worth having a discussion with. You're a supporter of a criminal and a cheat.

You think nothing of this man being a criminal...The double standard this man enjoys is fucking sickening.

He wasn't defending Trump. Don't get too energetic.

 

[yiostheoy]

This is approaching Bernie Madoff level fraud

Legal is not fraud.

And these douche bags don't understand why Trump doesn't want to release his tax returns.

I actually think douche bag matt has me on ignore, he never responds to me any more, he also seems to have lost any grasp on reality or has become a paid poster, if he thinks doing things legally is Madoff level fraud, Madoff went to jail.

Trump screws all his investors.

But he is not a criminal.

He is inept.

But he is not a criminal.

He is a liar. But not a criminal.