- Thread starter
- #61
Did it ever occur to people that there doesn't need to be so many government employees? Yeah, I think we need less people going to luncheons and eating finger sandwiches on the taxpayer backs, sorry. There's less czars, too!
Trump is a real American and knows what certain things are about. True story.
ambassadorships aren't rank & file fed workers, marion. you do realize trump is the biggest welfare whore when it comes to sucking off taxpayers, don't you?
No ma'am, why don't you go ahead and enlighten me!
If he's a bigger welfare whore than that one girl with 14 kids, I'll be damn surprised.
Personally, I don't think he has that many kids, or collects welfare.
Donald Trump Used Legally Dubious Method to Avoid Paying Taxes
By David Barstow, Mike McIntire, Patricia Cohen, Susanne Craig and Russ Buettne
Oct 31,2016
[...]
But newly obtained documents show that in the early 1990s, as he scrambled to stave off financial ruin, Mr. Trump avoided reporting hundreds of millions of dollars in taxable income by using a tax avoidance maneuver so legally dubious his own lawyers advised him that the Internal Revenue Service would most likely declare it improper if he were audited.
Thanks to this one maneuver, which was later outlawed by Congress, Mr. Trump potentially escaped paying tens of millions of dollars in federal personal income taxes. It is impossible to know for sure because Mr. Trump has declined to release his tax returns, or even a summary of his returns, breaking a practice followed by every Republican and Democratic presidential candidate for more than four decades.
Tax experts who reviewed the newly obtained documents for The New York Times said Mr. Trump’s tax avoidance maneuver, conjured from ambiguous provisions of highly technical tax court rulings, clearly pushed the edge of the envelope of what tax laws permitted at the time. “Whatever loophole existed was not ‘exploited’ here, but stretched beyond any recognition,” said Steven M. Rosenthal, a senior fellow at the nonpartisan Tax Policy Center who helped draft tax legislation in the early 1990s.
Moreover, the tax experts said the maneuver trampled a core tenet of American tax policy by conferring enormous tax benefits on Mr. Trump for losing vast amounts of other people’s money — in this case, money investors and banks had entrusted to him to build a casino empire in Atlantic City.
As that empire floundered in the early 1990s, Mr. Trump pressured his financial backers to forgive hundreds of millions of dollars in debt he could not repay.
[...]
Donald Trump Used Legally Dubious Method to Avoid Paying Taxes
you're welcome a 3rd time, marion...
The bottom line is that the IRS needs to collect all taxes that are due. If there are loopholes the IRS needs to tell Congress so they can fix the Tax Code. Whining about Trump's taxes that used loopholes that "congress later outlawed" shows nothing illegal. But thanks for playing.
uh-huh. so why hasn't he shown them to the public? could there be a problem with some of them taxes getting mixed up that shows nefarious people giving trump some rubles? we shall see. you keep on thinking trump is on the up & up, jr. oh & thank YOU for playing. btw, the trump organization's account - mr weiselberg has been granted immunity to tell any little factoids about donny's taxes. lol....
Did I see the word LEGALLY prominently displayed in your bullshit....perhaps you are the one dopey bastard that wants to pay MORE taxes than legally required.. moron!