General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHillary camp nails it on Trump's leaked tax returns
Brian Fallon ?@brianefallon 10h10 hours agoCampaign manager Robby Mook's reaction to tonight's New York Times story on Trump's tax returns:
spanone
(135,950 posts)BootinUp
(47,222 posts)Bernardo de La Paz
(49,075 posts)Gothmog
(145,965 posts)Augiedog
(2,550 posts)lillypaddle
(9,581 posts)Rose Siding
(32,623 posts)But those were The Poors, so different, I guess?
-Steph-
(409 posts)Mc Mike
(9,118 posts)Tax Returns, Coward. Tax Returns, Coward.
Or substitute Loser for Coward.
SunSeeker
(51,811 posts)oberliner
(58,724 posts)Funny how the small things stick out.
oberliner
(58,724 posts)I always thought that was the expression (as opposed to "the gig is up"
SunSeeker
(51,811 posts)It means the trick/deceit has been revealed, the deceitful "dance" is done.
paleotn
(18,015 posts)tclambert
(11,087 posts)Doesn't matter how you keep dancing, Donald, you can't distract us from the truth.
Malbrownluna8708
(76 posts)Is would you invest your retirement or any money you have saved in Trump businesses.
world wide wally
(21,762 posts)Would you buy a used car from Trump?
Akamai
(1,779 posts)etc., in any venture of this marvelous liar?
INdemo
(6,994 posts)but didn't he have a couple bankruptcies between 1995 and now (2016)
Other billionaires of our country have all paid their fair taxes so how does Trump get away with saying "its smart"
to not pay taxes.
George Soros
Mark Cuban
Warren Buffet
Michael Bloomberg
and there are many more but these billionaires have all paid their fair share of taxes.
So why hasn't Donald Trump paid taxes?
I dont believe it takes a rocket scientist to understand the fact that in all probability Donald Trump is not the "Billionaire" he claims to be.
smirkymonkey
(63,221 posts)You cheeto faced shitgibbon.
NastyRiffraff
(12,448 posts)OR you are a good businessman. Both things cannot be true.
dixiegrrrrl
(60,010 posts)Depending on one's definition of "good" businessman.
Example: I rented out my house when I moved away. As the real estate market dropped, so did the house value. I sold it at a loss.
but I was working at a good paying job, so the house sale "loss" offset my higher income taxes for that year. Even tho I had very little equity in the house.
It was legal and good for me.
In Trump's mind, getting to wipe out taxes is good too. He just goes about it in an unethical way.
Under bankruptcy law, corporations and the rich can cancel debts, then reform the same company with a clean slate.
We have been watching them do that for years now.
sadly, one of the victims in this ploy is that they grab all the pension fund money before they declare a company bankrupt.
Equinox Moon
(6,344 posts)He may as well throw in the towel.
napkinz
(17,199 posts)Grammy23
(5,815 posts)It demonstrates that he has a lot of professional accountants with the latest tax software who find every single way for him to avoid paying taxes. He had nothing to do with it except maybe putting his signature on the bottom line. Oh, and running his businesses into the side of a mountain. If this demonstrates his smarts and business acumen, god help us all.
bigtree
(86,021 posts)Genuinely impressive that Trump was able to take a measly $14 million of dad's cash and parlay it into a billion dollar loss.
napi21
(45,806 posts)Nitram
(22,971 posts)Skittles
(153,310 posts)any theories?
mnhtnbb
(31,418 posts)with his approval. http://www.democraticunderground.com/10028202535
That doesn't make any sense to me. I'd be more inclined to think it was Marla (whose name is on the joint return) or Tiffany.
Or even Melania or someone who currently works for them personally and would have access to old tax returns. Heck, it could
even be Baron. He's old enough to go rooting through old files and could know his mom probably isn't thrilled with the whole
concept of being First Lady and moving to the White House. And the shrinks could go wild with the Oedipal dynamics
of Baron using the tax returns to take down his old man.
So, my money is on family--current or previous--not Trump himself.
Skittles
(153,310 posts)and despises his sorry ass
Dawson Leery
(19,348 posts)Elmergantry
(884 posts)For being rational and objective. And maybe because I have a little sideline business...But
so a businessman makes a filing that allows him to take a deduction on a loss. Perfectly legal, what a businessman of any worth should do...In fact if he didn't, that would IMHO show financial incompetence making one less worthy of running the country. And we don't even know yet if he actually TOOK the deduction on his subsequent filings. If he didn't and proves it by releasing subsequent filings, that would make our side and his side look like idiots in their own special way....What a crazy election...
bucolic_frolic
(43,511 posts)and a good accountant is one who stretches the law to suit the client, then
allows the tax authorities to sort it out or rule. The most egregious cases
wind up in tax court ... and the accountant is delighted, there are more
consulting fees for prep and court time.
So it's not like filing a 1040A when you do taxes for large clients
It's complicated, and you know you are paid to push the law and please
the client
Look at the major accounting firms that have failed because they signed off
on Worldcom or Enron
You are being very naive if you think it's all rational and objective
and the right wing talking points are not appreciated by me
Elmergantry
(884 posts)Its all legal until proven otherwise. Innocent until proven guilty and all that. And there are no charges he did anything illegal to start with so i dont know why you are claiming he did something nefarious. Seems to me he is only guilty of having smart tax accountants thus far. How that disqualifies him from being president is lost on me. I. Think there are more legitamate reasons such as his inability to pick his fights; temperment. But i guess that is not working given the mood of the electorate that is fed up with the status quo and would vote for anyone who is perceived to be an outsider. I think sanders fit that bill but i guess we are not to delve into that here. Oh well i guess its "hillarys turn" and we have to go with it like the repubs who had to go with dole because it was" his turn". Lets hope the results are different.
bucolic_frolic
(43,511 posts)innocent until proven guilty, at least in the legal sense. It's all under
review at any time, and the IRS and even states can challenge an
accounting point, which is when it can all wind up in court. Accountants
can be guns for hire in some respects, they can make the numbers do
anything you like if paid enough, and sometimes the revenue authorities
won't challenge, it's not worth their time, too little money, or they are
not aware. Are those accountants smart? Diligent, but only smart if they
don't get caught doing something the IRS doesn't like.
Escaping all taxes, and being proud of it when so wealthy, is probably frowned
upon by most Americans. Presidents should be civic-minded, and aware
of the body politic from the poor to the wealthy. When they are charitable, it
should be with their own money, and not someone else's that they solicit, and
not use that charity money to pay for services from their own companies
that pay no taxes.
So yes, I would say this is a very disconcerning aspect, not
being a financial contributor to the social compact, or only in as much as to
create jobs for working class Americans, exploit them for the profits they create,
and escape all financial liability for that largesse. But hey, you can blame Congress,
they accept the lobbyist money, they write the laws to give tax writeoffs which
encourages economic growth. And they are lobbied by the tax accountants and lawyers too.
It is never as simple as it first appears.
bucolic_frolic
(43,511 posts)Elmergantry
(884 posts)Being what it is, your usually not inclined to fork over your wealth if you dont have to. Thats why communism failed: from my ability to someones elses need? Pound sand! So i cant fault anyone for using the law. Change the law.
LanternWaste
(37,748 posts)"Hopefully I can be forgiven for being rational and objective...."
But not for being self-serving and self-validating at the expense of anyone who disagrees with you or your unsupported premise...
Response to bigtree (Original post)
bucolic_frolic This message was self-deleted by its author.