Trump pays no taxes? Oh, that’s not the half of it, America. In todays Atlanta Journal

[napi21]

http://jaybookman.blog.myajc.com/2016/10/03/trump-pays-no-taxes-oh-thats-not-the-half-of-it-america/?ecmp=newspaper_email##

But that’s not the worst of it. As we’ll see below, the worst of it is how, on the tax issue as in so much else, Trump continues to scam his followers into believing that he’s on their side, when in fact the exact opposite is true. If elected, he fully intends to cheat his supporters just as thoroughly as he has cheated almost everyone that he encounters, both in his personal and business life. Unfortunately, those supporters are too willfully blind to see what’s coming.

Fortunately, we already know what Trump intends to do with the tax code, because it’s the one area in which he’s given us a somewhat detailed plan. And according to every third-party analysis that I’ve seen, the Trump plan does nothing to ensure that he and other wealthy Americans will pay their fair share of the burden; to the contrary, the plan represents a multi-trillion-dollar giveaway to the wealthy that dwarfs the plans offered by other GOP candidates. For every loophole that the Trump plan alleges to close in the tax code, it opens a half-dozen more that will be even more lucrative.

However, I want to draw your attention to one particular part of the Trump tax plan, which deals with tax treatment for highly leveraged real-estate development of the type in which Trump specializes. Those provisions would allow developers to utilize two different tax loopholes, unlimited interest deduction and immediate expensing of investments, to create a massive new subsidy for that industry. Combined, those two loopholes would create what tax experts call a “negative tax rate.” Put another way, instead of Trump paying taxes to the government on his profits, the government would be paying taxes to Trump and his fellow developers. And if you don’t want to take my word for it, fine: It is such an outrageous, unfair proposal that it has alarmed even right-wing economists and supply-siders.

It's a fairly long article, but well written and exposes things I haven't seen anywhere else. and YES, it's in the Atlanta Journal
Constitution newspaper!

[world wide wally]

1. I would expect nothing less from Trump

His followers will love the idea of making him richer at their expense!

[Coyotl]

2. That would explain the Donald running, he'd do this, then golf for 3.9998 years.

[Midnight Writer]

3. Thank you! It seems to me the media has been missing the BIG POINT here.

The Republican Party Platform, the Paul Ryan "mainstream" tax plan, the Donald Trump proposed tax "reform", all stipulate that the uber-wealthy and corporations are paying TOO MUCH in taxes.

So overtaxed are these victimized billionaires and corporations that they have no rational alternative other than wrecking the economy for the rest of us.

But an examination of the facts (and the Trump tax return is but a single example) show the opposite.

It is precisely this tax code of the rich, by the rich and for the rich that is building our deficits, destroying our infrastructure, crippling our social contract, weakening our nation in so many ways.

[Divine Discontent]

4. Exactly on that last point! Trump and other tax dodgers

Are causing the problems...

[Dark n Stormy Knight]

9. Bears repeating:

It is precisely this tax code of the rich, by the rich and for the rich that is building our deficits, destroying our infrastructure, crippling our social contract, weakening our nation in so many ways.

This supremely important point astoundingly ignored/tolerated/encourages by his supporters. I guess it's the old, "I'm gonna get real rich, too, and then I'll be happy rich people don't have to pay their taxes!" Idiots.

[major debacle]

5. Without Congress he could do nothing

... and if a Republican majority Congress bent over for him, we have to believe that the Dems in Congress, and elsewhere, would raise holy hell.

[oasis]

6. Donald Trump is the King of Scam. That's what history will write.

[muriel_volestrangler]

7. with quotes from *conservative* economists saying it would hand money to real estate developers

just like Trump and his spawn. Well worth the read - thanks.

[MyOwnPeace]

8. OMG!!!!

Did you read any of the "comments" from some of the fine folks in Georgia?

[ailsagirl]

10. I started to read the comments

but was immediately put-off by the first one and didn't venture further.

Whoa