Trump May Have Avoided Paying Taxes for Nearly Two Decades

[Ame®icano]

One tax return leaked, and leftist talking about not paying taxes for two decades.

And leaked tax return reveals Trump did everything by the law.

However, Hillary emails leak and you see she broke number of Federal laws, she lied to Congress about it, she lied to FBI about it, and still lying to all of America about it.

 

[LoneLaugher]

You might be a retard. I have many write offs. Not related to the subject of this thread.

It's directly related because according to you, you are doing nothing different than Trump, it's just that Trump has more write-offs than you.

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

 

[kaz]

Again you're proving you know ZERO about business.

Every tax loss in a business was from one of two things:

1) Money the owners put into the company which they paid taxes on when they earned it

2) Money the company made and the owners paid taxes on when they earned it

Money in a company can't come from nowhere. Honestly, your lie that you own two businesses is, wow, incredible given your lack of knowledge of even the basics of business.

The point is, taxes were paid on the money that became losses. The most common losses, particularly early in a business, are from the owner getting money back they put into the company, which is why I assumed that. But either way, the losses are against money that was taxed

You just called me a liar again. What's your problem. We've gone over this before. Why won't you admit your error?

You probably think capital gains taxes are bullshit, right? You are talking yourself into circles. The subject it Net Operating Losses and how owners of complex businesses can take max advantage of the provision.

And....this isn't a business discussion, douchebag....it's a tax discussion. I thought you knew something about taxes....but now I'm not so sure. Your numbers one and two above being the only losses that a business can claim is retarded.

Time for you to say something intelligent.

Yes, capital gains taxes are bullshit. And it's a business tax discussion. I can't believe someone who knows nothing about business taxes runs businesses. I have a CPA prepare my taxes, I don't prepare my own taxes. But I'm all over how they work. How can you not be and run your business effectively? And as I said, I've proposed strategies to him. CPAs fill out forms. Tax strategy is a business issue

I'm as all over them as you are pal. I run very simple businesses. I make money....and I pay taxes. That's the way it works.

Trump finding ways to pay ZERO taxes goes beyond the realm of being a good businessman. That's why this is a tax discussion and not a business discussion.

And I think capital gains taxes are legit. All income should be taxed. I earn money with my business...it's taxed. I invest profits and earn more money...it's taxed. No problem. It's how it's done.

He only pays zero taxes on money that he invested and already paid taxes on and invested in his business, and he'll pay taxes if/when he makes the money back. If you were an actual business owner, you'd know that

You are talking out of your ass now. You've said that same line of bull a dozen times now. It's pure BS.

You don't know what he paid on what. All,you know is that he paid ZERO in 1995.

Do you seriously not grasp as a "business owner," in fact a business owner who has two businesses, that if Trump has a billion dollar tax loss, somewhere he lost a billion dollars? Why should he not be able to write that off?

And again, the question you repeatedly evade. Name Democrats who pay more taxes than they need to pay?

 

[beagle9]

You say you understand business but you still don't understand the difference between losses and tax losses.

And again, you said a billion is too high a tax loss. I want to know what methodology you're using to determine that

Why do you think I don't know the difference? I've not said anything that would give you that impression.

It isn't a matter of "understanding" business with me, bro...it's a matter of practical experience. I own two successful businesses. I'm happy to pay my fair share.

I say you don't know the difference because you don't realize that Trump had to pay the money he's writing off as losses now. You also think it's operating losses and don't grasp the difference between that and tax losses.

As I asked Care4AllLiberals, if I pay $50 for a share of stock, then I sell it for $50, why do I need to pay taxes on the $50? I just got my money back?

If Trump spent billions on his business, why does he have to pay taxes to get the money back he put in that aren't even profits?

Let me ask you a question. Do you know that clause which allows Trump to carry over that incredible loss is called the NET OPERATING LOSS provision. Do you know why that is different from the losses that regular businesses are permitted to carry over?

Do you even look at the released pages?

You likely know more about tax law than I do. Congratulations. But you need to grasp what TRUMP did here. It is not what you seem or think it is. It's shit that can only be taken advantage of by people who work the system in ways that exceed the normal businessman trying to reduce his tax burden.

Do you realize that his message is that.... taking such advantage of the system should not be possible? I doubt he even does his own taxes, at that level it would make no sense at all. His accounting firm most likely does his taxes and as they always do... minimizes them.

My accountant does my taxes. That's not unusual. What is unusual is the complex array of holdings that this fucker has which allow him to play the game on a different field than the rest of us. That's all done intentionally to avoid paying what is considered a fair share of taxes.

Some people.....retards mostly...think taxes are unconstitutional and they think this shit is awesome. I'm not one of those people.

. Nah your just one that ignores what the government does with those taxes, and ignores when the government taxes us way to much out here. Like Trump said, he doesn't like what the government does with the money, and I agree with him 1000%. I have working class friends who can't afford family healthcare to be taken out of their paychecks, and when they tried Obama care they ended up with a policy that totally sucked. So then they quit the healthcare altogether except for single coverage offered by their jobs, and then paying the penalty on their wives for not being covered. The evilness in this stuff is unreal these days, and there is no dam politician out there for whom is doing a dam thing about it. Yeah I'm with Trump for not paying no more than he legally had to. Gooooooo Trump.

 

[kaz]

You might be a retard. I have many write offs. Not related to the subject of this thread.

It's directly related because according to you, you are doing nothing different than Trump, it's just that Trump has more write-offs than you.

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

These are tax loses, not operating losses. Ask your accountant about the difference since apparently you don't know. But you can't conclude that tax losses = operating losses

 

[Vandalshandle]

Trump is, indeed, a smart business man. he uses financial tools that allow him to profit at the expense of others. That is what bankruptcy is for. It is a "heads I win, Tails you lose" form of doing business. if I profit using your services or money, that is fine. If I lose, using your services of money, then I declare bankruptcy, and work out a deal where you let me off the hook. Trump has done it four times.

However, I think of myself as a smart businessman, too, so I would never do business with Trump.

 

[pwjohn]

He is cheating the American people! He is a real crook.

Trump is a deadbeat.

 

[Wyatt earp]

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!

Trump is worse than all the welfare mooches combined

They may scam the taxpayer for $20,000 while Trump scams the taxpayer for a billion dollars

Bad at math are you?


100 million x 20,000 is like what 2 trillion dollars?



1

 

[LoneLaugher]

You just called me a liar again. What's your problem. We've gone over this before. Why won't you admit your error?

You probably think capital gains taxes are bullshit, right? You are talking yourself into circles. The subject it Net Operating Losses and how owners of complex businesses can take max advantage of the provision.

And....this isn't a business discussion, douchebag....it's a tax discussion. I thought you knew something about taxes....but now I'm not so sure. Your numbers one and two above being the only losses that a business can claim is retarded.

Time for you to say something intelligent.

Yes, capital gains taxes are bullshit. And it's a business tax discussion. I can't believe someone who knows nothing about business taxes runs businesses. I have a CPA prepare my taxes, I don't prepare my own taxes. But I'm all over how they work. How can you not be and run your business effectively? And as I said, I've proposed strategies to him. CPAs fill out forms. Tax strategy is a business issue

I'm as all over them as you are pal. I run very simple businesses. I make money....and I pay taxes. That's the way it works.

Trump finding ways to pay ZERO taxes goes beyond the realm of being a good businessman. That's why this is a tax discussion and not a business discussion.

And I think capital gains taxes are legit. All income should be taxed. I earn money with my business...it's taxed. I invest profits and earn more money...it's taxed. No problem. It's how it's done.

He only pays zero taxes on money that he invested and already paid taxes on and invested in his business, and he'll pay taxes if/when he makes the money back. If you were an actual business owner, you'd know that

You are talking out of your ass now. You've said that same line of bull a dozen times now. It's pure BS.

You don't know what he paid on what. All,you know is that he paid ZERO in 1995.

Do you seriously not grasp as a "business owner," in fact a business owner who has two businesses, that if Trump has a billion dollar tax loss, somewhere he lost a billion dollars? Why should he not be able to write that off?

And again, the question you repeatedly evade. Name Democrats who pay more taxes than they need to pay?

I never said he should not be allowed to write off losses. You are putting words in my mouth.

 

[LoneLaugher]

You might be a retard. I have many write offs. Not related to the subject of this thread.

It's directly related because according to you, you are doing nothing different than Trump, it's just that Trump has more write-offs than you.

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

These are tax loses, not operating losses. Ask your accountant about the difference since apparently you don't know. But you can't conclude that tax losses = operating losses

You are talking out of your ass. Trump claimed a Net Operating Loss. Go learn something.

 

[Jackson]

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.

A crook??? Who wrote the laws he followed??? Did he break the law??? When did you pay more than what you owed?

 

[Ray From Cleveland]

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

Okay, so you had no carry over. Good for you. But I've had carry overs and there is nothing wrong with them. I paid taxes when I made money, but when I lost that money, I was able to write it off for the next couple of years even though I did make money in those years.

 

[kaz]

Yes, capital gains taxes are bullshit. And it's a business tax discussion. I can't believe someone who knows nothing about business taxes runs businesses. I have a CPA prepare my taxes, I don't prepare my own taxes. But I'm all over how they work. How can you not be and run your business effectively? And as I said, I've proposed strategies to him. CPAs fill out forms. Tax strategy is a business issue

I'm as all over them as you are pal. I run very simple businesses. I make money....and I pay taxes. That's the way it works.

Trump finding ways to pay ZERO taxes goes beyond the realm of being a good businessman. That's why this is a tax discussion and not a business discussion.

And I think capital gains taxes are legit. All income should be taxed. I earn money with my business...it's taxed. I invest profits and earn more money...it's taxed. No problem. It's how it's done.

He only pays zero taxes on money that he invested and already paid taxes on and invested in his business, and he'll pay taxes if/when he makes the money back. If you were an actual business owner, you'd know that

You are talking out of your ass now. You've said that same line of bull a dozen times now. It's pure BS.

You don't know what he paid on what. All,you know is that he paid ZERO in 1995.

Do you seriously not grasp as a "business owner," in fact a business owner who has two businesses, that if Trump has a billion dollar tax loss, somewhere he lost a billion dollars? Why should he not be able to write that off?

And again, the question you repeatedly evade. Name Democrats who pay more taxes than they need to pay?

I never said he should not be allowed to write off losses. You are putting words in my mouth.

Then what's the issue? Is it still that you don't know the difference between tax losses and operating losses?

 

[beagle9]

Trump is, indeed, a smart business man. he uses financial tools that allow him to profit at the expense of others. That is what bankruptcy is for. It is a "heads I win, Tails you lose" form of doing business. if I profit using your services or money, that is fine. If I lose, using your services of money, then I declare bankruptcy, and work out a deal where you let me off the hook. Trump has done it four times.

However, I think of myself as a smart businessman, too, so I would never do business with Trump.

. Your man Obama had 8 years of so called transparency to fundamentally change the system, but what did he do ?????? He Obama lied and played the game just like everyone else does.

 

[kaz]

You might be a retard. I have many write offs. Not related to the subject of this thread.

It's directly related because according to you, you are doing nothing different than Trump, it's just that Trump has more write-offs than you.

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

These are tax loses, not operating losses. Ask your accountant about the difference since apparently you don't know. But you can't conclude that tax losses = operating losses

You are talking out of your ass. Trump claimed a Net Operating Loss. Go learn something.

Exactly my point. He claimed a tax loss, which you keep saying makes him a bad business man. You think a tax loss means he had an operating loss, you're talking out of your ass

 

[LoneLaugher]

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

Okay, so you had no carry over. Good for you. But I've had carry overs and there is nothing wrong with them. I paid taxes when I made money, but when I lost that money, I was able to write it off for the next couple of years even though I did make money in those years.

Yes. Nobody is disputing that.

Did you ever have a year or number of years where you paid no federal income taxes?

 

[LoneLaugher]

You might be a retard. I have many write offs. Not related to the subject of this thread.

It's directly related because according to you, you are doing nothing different than Trump, it's just that Trump has more write-offs than you.

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

These are tax loses, not operating losses. Ask your accountant about the difference since apparently you don't know. But you can't conclude that tax losses = operating losses

You are talking out of your ass. Trump claimed a Net Operating Loss. Go learn something.

Exactly my point. He claimed a tax loss, which you keep saying makes him a bad business man. You think a tax loss means he had an operating loss, you're talking out of your ass

He claimed a net operating loss.

 

[kaz]

It's directly related because according to you, you are doing nothing different than Trump, it's just that Trump has more write-offs than you.

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

These are tax loses, not operating losses. Ask your accountant about the difference since apparently you don't know. But you can't conclude that tax losses = operating losses

You are talking out of your ass. Trump claimed a Net Operating Loss. Go learn something.

Exactly my point. He claimed a tax loss, which you keep saying makes him a bad business man. You think a tax loss means he had an operating loss, you're talking out of your ass

He claimed a net operating loss.

Where did it say he was referring to GAAP and not taxes? You don't know the difference, do you?

 

[LoneLaugher]

Incorrect. What I did differently than Trump in 1995 was pay income taxes on earnings from a business that didn't lose a shit ton of money.

These are tax loses, not operating losses. Ask your accountant about the difference since apparently you don't know. But you can't conclude that tax losses = operating losses

You are talking out of your ass. Trump claimed a Net Operating Loss. Go learn something.

Exactly my point. He claimed a tax loss, which you keep saying makes him a bad business man. You think a tax loss means he had an operating loss, you're talking out of your ass

He claimed a net operating loss.

Where did it say he was referring to GAAP and not taxes? You don't know the difference, do you?

Ooooh! GAAP! You are so cool! I never said he was referring to "Generally Accepted Accounting Principles". I said he claimed a net operating loss.....or.......NOL. You clown.

Read The fucking NYT article. It will explain what he claimed. He claimed a net operating loss.

 

[Ray From Cleveland]

Yes. Nobody is disputing that.

Did you ever have a year or number of years where you paid no federal income taxes?

Yes I did, especially when I was trading commodities. If you take some big losses, you write-off what you legally can that year, and carry the rest over to the following years.