NYT: Trump paid no income taxes in 10 of past 15 years

Discussion in 'Current Events' started by Arkanis, Sep 27, 2020.

  1. Denizen

    Denizen Well-Known Member

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    Because your powder is wet?
     
  2. LoneStarGal

    LoneStarGal Well-Known Member Past Donor

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    I doubt you are expecting me to know if there is a receipt.
     
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  3. Arkanis

    Arkanis Well-Known Member

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  4. Denizen

    Denizen Well-Known Member

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    Mnuchin has corrupted the IRS for Trump's benefit.

    Mnuchin should be investigated for corruption.
     
  5. The Mello Guy

    The Mello Guy Well-Known Member

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    They write a book.
     
  6. Dementia

    Dementia Newly Registered

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    The NYT should outline their methodology for assessing the returns and what numbers they used. As they say, the financial disclosures that Trump made are incomplete. And Tax returns can also be incomplete as they use historic asset values. Seems Trump holds a lot of real estate and those assets are depreciated on the tax returns. So would be interesting to see what the tax bases are for all the assets and the annual depreciation deduction. If the assets are increasing in market value, then these "book" losses might not be that much a concern. As the assets can be sold to pay off the debt and net a profit.
     
  7. MissingMayor

    MissingMayor Well-Known Member

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    Have you seen his hair? More likely he paid for hookers and wrote it off.
     
  8. The Mello Guy

    The Mello Guy Well-Known Member

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    Biden did release his months ago.
     
  9. ButterBalls

    ButterBalls Well-Known Member

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    Don't quit your day job ;) I have done it several times for expenditures that do not generate receipts.

    How To Deduct Expenses Without Keeping Receipts
     
  10. The Mello Guy

    The Mello Guy Well-Known Member

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    Lol so you think they made up 15 years of returns?? He could release one year and prove that, If it were true.
     
  11. TedintheShed

    TedintheShed Banned

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    FB_IMG_1601263704801.jpg

    ...and I agree!
     
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  12. BringDownMugabe

    BringDownMugabe Well-Known Member

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    So Trump has paid more for sex than taxes? Least surprising development in this ongoing train wreck.
     
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  13. grapeape

    grapeape Well-Known Member Past Donor

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    There is always a tweet..........love it
     
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  14. grapeape

    grapeape Well-Known Member Past Donor

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    And Im sure you would hold that same opinion if it was Biden ;)

    carry on
     
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  15. The Mello Guy

    The Mello Guy Well-Known Member

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    Or it’s like one guy is very transparent and one is hiding his dirty laundry. Which begs reporters to find it
     
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  16. TedintheShed

    TedintheShed Banned

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    Yes, I would. Why do you ask?
     
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  17. The Mello Guy

    The Mello Guy Well-Known Member

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    Abe Lincoln paid more taxes in 1864 than Trump paid. And that is NOT adjusting for inflation!’n
     
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  18. truth and justice

    truth and justice Well-Known Member

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    You do for items such as hair stylists as an expense. Entertainment and business meetings expenses have a limit on which you can claim which is why you don't need receipts. My day job is a book keeper!
     
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  19. LoneStarGal

    LoneStarGal Well-Known Member Past Donor

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    Sure. Make a tawdry joke.

    There may have been a reason Trump gave someone $70k for a haircut. He's been known to help out random people in need.

    upload_2020-9-28_9-21-13.png

    https://www.snopes.com/fact-check/trump-quiet-acts-kindness/
     
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  20. Oh Yeah

    Oh Yeah Well-Known Member Past Donor

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    Need the name of that Accountant. In 2016 and 2017 he donated his Presidential salary to Charity so he more than likely had little income. Glad I voted for someone who knows how to avoid paying taxes and can keep most of the money which he earned. I know, I know, you Democrats all think that is your money like you believe all money should go to the government and doled out to non producers. If you research you will find Trump has made many deals in the White House that has saved the government plenty of money. I guess you guys yearn for the old days when the pork was served up everyday.
     
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  21. ButterBalls

    ButterBalls Well-Known Member

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    *shrugs* At this point I dont think there is a qualified tax consultant on the site let alone this thread :)
     
  22. TedintheShed

    TedintheShed Banned

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    Trump paid more for sex than he did in taxes over the last 15 years!
     
    Last edited: Sep 28, 2020
  23. Paul7

    Paul7 Well-Known Member

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    Exactly, perhaps the feverish liberals here who know nothing about business can tell us how Trump broke the law.
     
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  24. Paul7

    Paul7 Well-Known Member

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    Like Obama and the Clintons.
     
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  25. The Mello Guy

    The Mello Guy Well-Known Member

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    Probably wrote that off too
     

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