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Mon Sep 28, 2020, 11:10 AM

$750 x 2 Yrs. in a row ? Have YOU ever paid exact same amount 2 years in a row? That's fishy.

I've paid taxes for over 45 years. Never the same amount 2 years running. What about you??
Certainly seems impossible when talking about his numbers.
There's always some variation in anyones' income from year to year, it seems to me.

13 replies, 427 views

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Arrow 13 replies Author Time Post
Reply $750 x 2 Yrs. in a row ? Have YOU ever paid exact same amount 2 years in a row? That's fishy. (Original post)
Captain Zero Sep 28 OP
MineralMan Sep 28 #1
rzemanfl Sep 28 #2
smb Sep 28 #4
rzemanfl Sep 28 #5
smb Sep 28 #6
rzemanfl Sep 28 #10
Statistical Sep 28 #7
Demovictory9 Sep 28 #3
Bradshaw3 Sep 28 #8
FakeNoose Sep 28 #13
ihas2stinkyfeet Sep 28 #9
whopis01 Sep 28 #11
quaint Sep 28 #12

Response to Captain Zero (Original post)

Mon Sep 28, 2020, 11:12 AM

1. No, of course not.

If it came out the same, I'd change something to make it come out different.

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Response to Captain Zero (Original post)

Mon Sep 28, 2020, 11:12 AM

2. It's easy if you start with the result and work backwards.

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Response to rzemanfl (Reply #2)

Mon Sep 28, 2020, 11:16 AM

4. Precisely

This suggests that il Doofus (grudgingly, no doubt) agreed to pay some token amount and for whatever reason settled on $750, told his accountants to reverse-engineer his 1040-BS form to get that result, and didn't listen to anybody who tried to tell him that having the same round-number bottom line two years in a row was a red flag.

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Response to smb (Reply #4)

Mon Sep 28, 2020, 11:18 AM

5. Gonna steal 1040-BS unless you PM me your copyright. n/t

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Response to rzemanfl (Reply #5)

Mon Sep 28, 2020, 11:19 AM

6. Go Ahead And Steal It -- I Did nt

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Response to smb (Reply #6)

Mon Sep 28, 2020, 11:43 AM

10. Thanks. n/t

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Response to smb (Reply #4)

Mon Sep 28, 2020, 11:23 AM

7. I wish I could file a 1040-BS. I guess that form is only for orange colored grifters.

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Response to Captain Zero (Original post)

Mon Sep 28, 2020, 11:12 AM

3. no ..never the exact amount

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Response to Captain Zero (Original post)

Mon Sep 28, 2020, 11:28 AM

8. David Cay Johnston said it was a made up number

Just to show in an election year and his first year as *president he could say he paid some taxes. Like someone wrote it was reverse engineered for that purpose.

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Response to Bradshaw3 (Reply #8)

Mon Sep 28, 2020, 01:04 PM

13. Exactly - he's been following this story for over 20 years

The Chump Organization has been overstating their expenses and understating their income in order to pay the lowest taxes. Or in Chump's case - pay no tax at all. They've been taking questionable write-downs (losses) in order to reduce taxes year after year, even though the IRS never agreed with the original write-down. So the error (fraud) has been compounding for the last 20 years.

Meanwhile Chump went to sleazy banks like DeutscheBank who do business with crooks, and the business documents overstate their income and understate their expenses. This is to make it look like Chump is making more money than he actually is, because he needs the loans.

It's a massive shell game and Chump has never been called to question on it. When he did go to court he played dumb and stupid, he just said that's what the accountants told him, stuff like that. It's ridiculous. Lock Him Up Already!

I've learned most of this from reading David Cay Johnston's books and weekly columns - also confirmed by Michael Cohen.





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Response to Captain Zero (Original post)

Mon Sep 28, 2020, 11:37 AM

9. donald the rotten cod.

 

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Response to Captain Zero (Original post)

Mon Sep 28, 2020, 12:46 PM

11. Do you have any idea how much it costs to get an accountant to cook the books?

What type of idiot would pay for that twice?

Once you get it done, you can just turn in the exact same form the next year. Just change the year on it!

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Response to Captain Zero (Original post)

Mon Sep 28, 2020, 12:51 PM

12. I misunderstood the reason for the Alternative Minimum Tax

I thought it was to make the elites pay something, even if no where near their fair share.

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