916 Million Reasons Trump Won't Release His Taxes

[david890]

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html

 

[phylodog]

Lol

 

[K_W]

I lost $10,000 in the 2008 crash... I was only allowed to deduct $3000 a year for 3 years.

If he really did lose it and the law allows him to use the loss against taxes, so be it.

Don't hate the player... hate the game.

 

[hoosierdoc]

I would MUCH rather support a man who hates the IRS than a woman who views it as a weapon to control

 

[voidsherpa]

Don't hate the player... hate the game.

This. Tax code is ****ed. Not his fault he can afford to hire top tier accountants.

 

[Dirty Steve]

At this point, what difference does it make?!

Dirty Steve

 

[cobber]

All excellent responses.


If Trump had done anything illegal like, say, Sharpton, would the IRS not have been all over him by now?


How would other members of the ruling class fare under such scrutiny... (that is, the ones who aren't simply stealing from the public fisc as opposed to not paying income taxes)?

 

[KG1]

What now? Did Trump kill a baby or something? Tax returns from 1995 showing nothing illegal happened. Yeah!

 

[spec4]

This is such a joke. I'm a retired banker. Over the years I've seen tons of tax returns from very wealthy folks that didn't pay taxes or paid very little. Who wouldn't take advantage of the tax code to minimize what the govt steals from them?

Sadly, the Dems play this on those unsophisticated in these matters. Waiting to hear the comparison to Leona Helmsly.

 

[foszoe]

People who don't pay income tax upset by people who don't pay income tax......hmmm

 

[churchmouse]

People who don't pay income tax upset by people who don't pay income tax......hmmm

Interesting.

 

[oldpink]

I'm still trying to locate the part of the story where Trump allowed four Americans to die by the hand of Islamist terrorists.
I'm still trying to locate the part of the story where Trump set up an illegal private e-mail server to conceal nefarious activity from FOIA requests.
I'm still trying to locate the part of the story where Trump deleted 33K e-mails under subpoena, claiming that they consisted of "yoga lessons and wedding plans."
I'm still trying to locate the part of the story where Trump used his political office as a means of enriching his own "charitable foundation."
I'll keep looking for it, though.

 

[Kutnupe14]

The thing I took away from the article, is that he LOST $916 MILLION in a year. That's a LOT of scratch from "a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required." If it happened in 2008, like when K_W had a hit, that's one thing, but that happened to Trump in 1995. The economy was doing quite well during that time.

 

[churchmouse]

I lost $10,000 in the 2008 crash... I was only allowed to deduct $3000 a year for 3 years.

If he really did lose it and the law allows him to use the loss against taxes, so be it.

Don't hate the player... hate the game.

We took a far more serious hit than this.

 

[Kutnupe14]

I'm still trying to locate the part of the story where Trump allowed four Americans to die by the hand of Islamist terrorists.
I'm still trying to locate the part of the story where Trump set up an illegal private e-mail server to conceal nefarious activity from FOIA requests.
I'm still trying to locate the part of the story where Trump deleted 33K e-mails under subpoena, claiming that they consisted of "yoga lessons and wedding plans."
I'm still trying to locate the part of the story where Trump used his political office as a means of enriching his own "charitable foundation."
I'll keep looking for it, though.

To be fair, you can't make an honest comparison on job performance if one of those being compared has never had the job. You may compare Clinton's shoddy performance with other Sec of State's, and Trump to other businessmen, but you kinda can't compare the two.

 

[cobber]

The thing I took away from the article, is that he LOST $916 MILLION in a year. That's a LOT of scratch from "a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required." If it happened in 2008, like when K_W had a hit, that's one thing, but that happened to Trump in 1995. The economy was doing quite well during that time.

Maybe if Hillary was doing more than making speeches and selling influence in the government and contributing to her own foundation, she would have had business losses too.


Pity the NYT doesn't think Hillary's email scandal and the DOJ conspiracy to cover up isn't as newsworthy or relevant to their endorsement.

 

[hoosierdoc]

I'm not an accountant but he likely didn't lose it all in a year. He took the loss on it that year but likely a multi year thing. If the value of what I own investment wise drops $1 mil a year for five years then I sell I can claim $5mil in the last year, right?

The thing I took away from the article, is that he LOST $916 MILLION in a year. That's a LOT of scratch from "a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required." If it happened in 2008, like when K_W had a hit, that's one thing, but that happened to Trump in 1995. The economy was doing quite well during that time.

 

[Kutnupe14]

Maybe if Hillary was doing more than making speeches and selling influence in the government and contributing to her own foundation, she would have had business losses too.


Pity the NYT doesn't think Hillary's email scandal and the DOJ conspiracy to cover up isn't as newsworthy or relevant to their endorsement.

I'm not talking about Clinton. She has her own issues. Sure, Trump may have been completely legal in his tax returns. But that's not the point. The struggling American, working day to day to make ends meet, is going to look at this as "proof," that the system is rigged in favor of the rich, who can lose damn near a billion dollars, and still live an incredibly lavish lifestyle. It, of course, won't change the mind of die-hard Trump supporters, but to the undecided voters, it's another chip off the rock.

 

[churchmouse]

I'm not talking about Clinton. She has her own issues. Sure, Trump may have been completely legal in his tax returns. But that's not the point. The struggling American, working day to day to make ends meet, is going to look at this as "proof," that the system is rigged in favor of the rich, who can lose damn near a billion dollars, and still live an incredibly lavish lifestyle. It, of course, won't change the mind of die-hard Trump supporters, but to the undecided voters, it's another chip off the rock.

It is such a sad thing that these 2 are all that this system can give (force) on us.

 

[phylodog]

It makes perfect sense to blame Trump for the current tax code. It was written by politicians and he's been a politician for so long.... er, wait. Sorry, got carried away there and was thinking both candidates had been life long politicians.

Well... screw trump anyway, he has bad hair and says mean things. I'm voting for the criminal! Just think, our first woman president!! Yay!!!!!