916 Million Reasons Trump Won't Release His Taxes

[oldpink]

Didn't say that, did I?

We certainly shouldn't allow anyone to pass ALL of their wealth from one generation to the next.

Right...because you didn't build that.

 

[hoosierdoc]

It takes a cold jerk to steal money from a dead man, David

 

[Timjoebillybob]

He paid what he owed, which was NOTHING. Because he was able to write off that $1B loss....


You're wrong. The loophole Trump used was specifically for real estate developers.

So do you suspect that he did or didn't pay what he owed? Not sure, considering your posts on this subject. And again, so what if he was able to write it off. Do you use all the deductions you are legally able to?

I could be wrong like I stated. But no the deduction is not specifically for real estate developers. It is available for any business that has higher expenses than income. Let's say I start up a restaurant, after paying rent/utilities/wages/supplies/equipment/etc my total expenditures/deductions were 1m for the year, my gross income was 750,000. I can carry forward/backward that $250000.

And why do you call it a loophole? It does what it was specifically intended to do, it's been part of the tax code for almost 100 years and is well known and common. Or did you miss where I posted that 1.2 million business filers claimed it in 2014? Why do people call things loopholes, simply because they don't like them? Sorta like the "gun show loophole", do you consider that a loophole also?

And why no comment on the fact that he has paid 30% or more of his income in taxes?

 

[Birds Away]

The only people who actually care about Trump's taxes:

National Billary Campaign (NBC)
American Billary Campaign (ABC)
Communists for Billary Society (CBS)
Clinton News Network (CNN)
Moronic Socialists of the National Billary Campaign (MSNBC)

 

[churchmouse]

Seriously..............If he owed taxes on anything the IRS would be up his a$$ with a microscope.

 

[Birds Away]

Oh, I forgot, Internet trolls also care about it.

 

[eldirector]

We certainly shouldn't allow anyone to pass ALL of their wealth from one generation to the next.

I cannot disagree more strongly. My legacy goes to my daughter. NOT to anyone else.

 

[Birds Away]

We certainly shouldn't allow anyone to pass ALL of their wealth from one generation to the next.

You got a mouse in your pocket? Who's this we? Your fair share of what I have is zero.

 

[cobber]

We certainly shouldn't allow anyone to pass ALL of their wealth from one generation to the next.

If they can't pass all of their wealth, why should "we" allow them to pass any at all?

What principle dictates such a policy, other than wealth envy?

And what's next, 'de-kulakize' the villages? Two cows bad, one cow good?

 

[churchmouse]

You got a mouse in your pocket? Who's this we? Your fair share of what I have is zero.

And where exactly should my estate go when I pass..............where...??????
And to whom. Screw that ****. My children will benefit if there is anything left.

Gov. has become a huge Tumor sucking the very life essence from this country.

 

[Birds Away]

And where exactly should my estate go when I pass..............where...??????
And to whom. Screw that ****. My children will benefit if there is anything left.

Gov. has become a huge Tumor sucking the very life essence from this country.

Yes, and all the young liberals lining up for their piece of someone else's pie.

 

[churchmouse]

Yes, and all the young liberals lining up for their piece of someone else's pie.

Berny had a serious audience for the give it to me free crowd.
Even Taxing an estate is just wrong.

 

[Birds Away]

People work their butts off to provide for their families, not some lame ass liberal idiot waiting on the next handout.

 

[churchmouse]

People work their butts off to provide for their families, not some lame ass liberal idiot waiting on the next handout.

And the idiot drug culture.

 

[Vigilant]

People work their butts off to provide for their families, not some lame ass liberal idiot waiting on the next handout.

All the more reason to use EVERY available loophole to keep as much of it as possible! 890 and the rest of the libs will one day realize that other people's money does run out! Think of the crying and whining then!

 

[Birds Away]

All the more reason to use EVERY available loophole to keep as much of it as possible! 890 and the rest of the libs will one day realize that other people's money does run out! Think of the crying and whining then!

By then we will all be living in communes.

 

[OutdoorDad]

Seriously..............If he owed taxes on anything the IRS would be up his a$$ with a microscope.

According to Trump, they are. "Up his ass with a microscope" is the definition of a multi year audit.
And after that audit, they will make their determination on how much he does or doesn't owe.

Based on Trumps reaction to the claims that he paid no income taxes, I think it's safe to assume it's factual.
Thats not why I can't vote for him. His actions (I suspect) were legal. And deductions were probably appropriate. I know people who will never pay a dime of capital gains tax for the rest of their lives. The loophole was created for a reason. To encourage private investment and activity even in light of catastrophic losses. We can debate the tax code at some time if you like.

So, since all reasonable people here agree that he's been "found out" on this point...

Why not release his taxes now? The worst is known. And supporters don't seem to care. It might sway the uncommitted (like me). In fact, if he releases, and there isn't anything else hiding in his returns, I'll vote for him.

But all of his actions lead me to believe that he is hiding something bigger that he doesn't or can't afford for anyone to know.

He's acting exactly like a cheating spouse. "Trust me" he says. Well, I don't currently. I could. But I don't. Been burned too many times.

In in his own words, "what does he have to lose" by releasing? No one up thread is making a serious argument that he paid income taxes at anywhere near the rate of Romney.



Sorry to latch latch on to your statement CM. But a lot has been written since last I visited.

 

[spec4]

Isn't there something called "estate tax" that steals wealth from heirs?

 

[jamil]

So do you suspect that he did or didn't pay what he owed? Not sure, considering your posts on this subject. And again, so what if he was able to write it off. Do you use all the deductions you are legally able to?

Pence touched on that with one line in the debate, "Do YOU take deductions?". Kaine didn't answer. I wish Pence would have shoved that point up Kaine's ass. Kaine, the Clintons both hire attorneys, and they hire the best they can afford to find every favorable tax advantage. If they're so against this "loophole" why have they not worked to end it? And when Pence did press him on that, asking Kaine directly if provision should be ended. Kaine said, no, but...

It's the cry of the Democrats who are at least honest enough to admit Trump did nothing legally wrong, to claim it's morally wrong. "It's about fairness". Okay, what about this? Kaine said that while Hillary Clinton worked to appropriate funds to help NY after 911, Donald Trump wasn't paying any tax. WTF? First, yeah, just like all the other faux morality bull**** from the left, Clinton was out there taking OTHER people's money to fulfill her moral obligation for charity, as if forced proxy is charitable. But the important point is, as a resident of NY Hillary didn't pay a ***dam dime more in taxes than she owed, VOLUNTARILY, to help NY. Why then should Trump?

Maybe David could answer that. Anything to say about that? Also, I'm still waiting for David to explain why sitting on one's ass, voting for other people to help the poor, fulfills a human obligation for charity.

And why do you call it a loophole?

Because it sounds immoral when you call it that. By implication, if you're the one complaining about "loopholes" that make you sound more moral than the one engaging in the "loophole".

Didn't say that, did I?

We certainly shouldn't allow anyone to pass ALL of their wealth from one generation to the next.

I cannot disagree more strongly. My legacy goes to my daughter. NOT to anyone else.

I think he meant to say that differently.

 

[phylodog]

We certainly shouldn't allow anyone to pass ALL of their wealth from one generation to the next.

Wow. Just wow. How anyone can believe that they are entitled to anything which doesn't belong to them and still consider themselves to be a decent human being is beyond me. Here's a definition from Wikipedia for you David, just in case you are unaware of what you are:

"Robbery is the crime of taking or attempting to take anything of value by force, threat of force or by putting the victim in fear."

And you attempt to speak for Jesus...