Trump the tax fraudster

notimp

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and

President Donald Trump paid just $750 (€644) in federal income taxes in 2016, the year he ran for president, and in 2017, his first year in the White House, according to a report Sunday in The New York Times.

He also paid no federal income taxes in 10 of the past 15 years because he reported losing more money than he made, the report said.

Trump has fiercely guarded his tax filings and is the only US president in modern times not to make them public, despite saying he would.
src: https://www.dw.com/en/us-president-donald-trump-avoided-tax-for-years-report-finds/a-55073812

Original report:
https://web.archive.org/web/2020092...ractive/2020/09/27/us/donald-trump-taxes.html
Helping to reduce Mr. Trump’s tax bills are unidentified consultants’ fees, some of which can be matched to payments received by Ivanka Trump.

edit:
His revenue from “The Apprentice” and from licensing deals is drying up, and several years ago he sold nearly all the stocks that now might have helped him plug holes in his struggling properties.

The tax audit looms.

And within the next four years, more than $300 million in loans — obligations for which he is personally responsible — will come due.
Better become president.
 
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deficitdisorder

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Where to fucking start with shit?

People will routinely be denied security clearance with just a few hundred dollars in debt and here we have President Trump personally underwater by hundreds of millions.

Trump paying no taxes in the same year tweet at Obama for only paying 20% tax after charitable donations.

Absurd writeoffs like $70,000 for hair and makeup.

Underwater businesses still paying his family members 6 figure 'consulting' fees for no reason

Then the IRS lawsuit over $72million tax refund is going on while trump and the GOP are actively defunding the IRS
 
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notimp

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Taleweaver

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Honestly: who is still surprised at this point? From withdrawing his promise to release his tax returns to threatening to sue those that release it for him, his multiple bankrupcies, his loans despite his shady reputation by Deutsche bank, the funding of Trump tower in NYC and Mar a Lago...I'm probably missing all sorts of stuff foreboding exactly this. Either you've been living under a rock, or you're a Trump fanboy that doesn't even bother denying.


Okay, okay: I admit it: I thought he'd at least tone down his tax evasion while being president. After backtracking on his promise, a child could have seen coming that his tax returns being leaked wasn't a matter of "if" but "when". Did he really expect this to remain unnoticed?

Donald is also weakening his own defence by declaring the news both "fake" and "illegally obtained". Yyyyyeaaahhh...it can't really be both, stupid. If they're fake, they're not your tax records and therefore not obtained. If they're real, they aren't fake. :rolleyes:
 
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Chains

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He talked quite a lot about how easy the system was for people like him to manipulate back in 2015.
It was a regular campaign message for his 1st term. Why should anyone be shocked at this now?
Blame the tax codes for allowing these (Trump,Bezos,Zuckerberg) billionaires to get away with murder, do you expect a fox not to raid the hen house?!
 
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spotanjo3

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No presidents are better anyway. They are all corrupt. Don't trust them ever. Surely, some helped but not a good enough. And never will. A key ? A corruption. That's simple. Excuse my English.
 
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Hanafuda

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President Donald Trump paid just $750 (€644) in federal income taxes in 2016, the year he ran for president, and in 2017, his first year in the White House, according to a report Sunday in The New York Times.


See, this is just false, but most people have no idea how tax law works and for liberals it's what they want to hear (he only paid $750!!!!), so they run with it. The truth is right there in the NYT article. Trump is actually paid ahead millions in taxes. Anyone who thinks he only paid $750 in taxes either has a reading comprehension problem, or is happy spreading lies.

tax01.PNG

tax02.PNG
 
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See, this is just false, but most people have no idea how tax law works and for liberals it's what they want to hear (he only paid $750!!!!), so they run with it. The truth is right there in the NYT article. Trump is actually paid ahead millions in taxes. Anyone who thinks he only paid $750 in taxes either has a reading comprehension problem, or is happy spreading lies.

View attachment 226478
View attachment 226479
issue, he went to banks and got a loan for 300 million. I don't know about you, but bank fraud isn't good either. since to get a loan that big you have to be a millionaire at least. Part of the reason his taxes are so low was because he claimed he was under.
 
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Hanafuda

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issue, he went to banks and got a loan for 300 million. I don't know about you, but bank fraud isn't good either. since to get a loan that big you have to be a millionaire at least. Part of the reason his taxes are so low was because he claimed he was under.

You obviously have no idea what you're talking about. His taxes were not low. He paid millions up front in 2016 and 2017 when he applied for filing extensions, and then applied over 9 million in tax credits when he did actually file. The tax credits, which were for historic renovation / urban renewal construction projects including the Old Post Office in Wash DC, were enough to cover his full tax liability. So the $5.2 million he paid up front was rolled forward, i.e. it is still all or mostly 'on account' with the IRS, to be applied to future taxes he owes.
 

notimp

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He talked quite a lot about how easy the system was for people like him to manipulate back in 2015.
It was a regular campaign message for his 1st term. Why should anyone be shocked at this now?
Blame the tax codes for allowing these (Trump,Bezos,Zuckerberg) billionaires to get away with murder, do you expect a fox not to raid the hen house?!
Ehm I raise you this Trump 2020 deregulation ad:

It is so heartwarming seeing middle class americans who have yet to formulate a congruent sentence, that also makes sense without a mood sonata playing in the background, thanking Trump for a much needed tax break... considering he payed 750USD in two years and nothing in 10 years before that on income tax.

If you havent laughed yet - watch this:
Regulation, who needs it..

:)

And on top of that I throw in a "How to win an Argument with Liberal Relatives playlist" from the official Trump youtube channel for free!
https://www.youtube.com/playlist?list=PLKOAoICmbyV1pG_of4mTa9j-IWR_Cjw4V
 
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Chains

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Ehm I raise you this Trump 2020 deregulation ad:

It is so heartwarming seeing middle class americans who have yet to formulate a congruent sentence, that also makes sense without a mood sonata playing in the background, thanking Trump for a much needed tax break... considering he payed 750USD in two years and nothing in 10 years before that on income tax.

If you havent laughed yet - watch this:
Regulation, who needs it..

:)

And on top of that I throw in a "How to win an Argument with Liberal Relatives playlist" from the official Trump youtube channel for free!
https://www.youtube.com/playlist?list=PLKOAoICmbyV1pG_of4mTa9j-IWR_Cjw4V
Trump also wrote off 70 grand for hair care. Do you think he got his money's worth?
 
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gregory-samba

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Tax credits and deductions are normal and legal. We all already knew that the Left simply wanted his taxes to attack him with and it turns out he's recently been audited and nothing out of the ordinary was found. He's also gave away his entire $400,000 Presidential Salary every year since 2016 and if you have an ounce of an idea how donations are handled during tax time you'd realize that paying $0.00 in taxes when you've given away $400,000 is absolutely legal and normal. Even the New York Times admits that the taxes aren't a big deal after all. All of that Liberal whining for 4 years was over nothing.

Of course the Left is going to attack him regardless of guilt. I also understand Trump saying it's fake news because he doesn't have access to the taxes that the New York Times has to verify they are legit and also because of the amount of bullshit spin attacks coming from the Left over a nothing burger. It's pretty neat though as I never thought a group of people could keep progressively failing time after time. There were no major "Russian" influences in his taxes or anything remotely illegal. Liberals are a damned joke.
 

gregory-samba

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A more updated article - https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html
I have yet to read all of it. Will do so and get back in the morning.

I read the New York Time's article. What caught my attention was that somehow and most likely they illegally obtained these records, but the records basically clear Trump of any Russian collusion and that's if the Mueller report wasn't already enough to convince me of his innocence. The records also indicate some losses on Trump's part and then the much hyped about false statements that he paid only $750 in taxes on in 2016. You should also keep in mind that the taxes are his personal taxes so they don't cover each business he used to run that files separate taxes. The New York Times also claimed the left will be left "unfulfilled" as his taxes contain no damning evidence against him.

I honestly thought his taxes might be able to be used against him in an attack, which is the sole reason the Left wanted them to begin with, but they basically clear him of any wrong doing. It's sad that the Left was simply seeking to destroy Trump as opposed to neutrally just finding out the truth. If there was damning evidence in his taxes and he did break the law I'd support him having to deal with the consequences, but I approached the issue with a neutral stance and it turns out he didn't break the law. The people claiming he did probably have no idea how tax write offs and deductions work as I wonder how many years the people commenting on this board that are out to get Trump have been filing taxes in the USA. I mean best pre-debate scandal they could come up with is “Trump has a brilliant personal tax strategy”. This is what desperation looks like, folks!

Trump has also been giving away his entire $400,000 US Presidential Salary, which is pretty much unprecedented as no one else in the government that I know of just simply gives away their entire salary to charity. I do recall the Left attacking Trump for donating his quarterly salary to disabled veterans this year. It just makes me sad that these evil demonrats want nothing, but to destroy the President and our great nation for personal greed. The entire reason they whined and cried about getting Trump's taxes for 4 years was to hurt Trump so I do understand why he just wouldn't hand them over regardless if he's guilty of not. The entire point was to fuck him over based on criminal activity in his taxes that the Left said would be there, but there is none and the Liberal left was wrong again.

OCk8KhZk.jpeg
 

notimp

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I read the New York Time's article. What caught my attention was that somehow and most likely they illegally obtained these records
Whistleblower.

Concept: Someone witnesses a crime, know, that internally it would be concealed by a company or state, or that there is no internally, because its a private person. They go to the press. Press has to gage if this is in the public interest, and then can publish.

Its called separation of power.

Its what keeps this democracy thing alive.
 

Foxi4

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I didn't find this news shocking, and I don't know why anyone does - Trump said as much during the debates in 2016. Nobody who pays any attention at all should be surprised by this.

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

He literally said, to everyone's face, on-stage and on national television, that he effectively paid zero income tax for years due to a tax break which he received on the basis of depreciation. The NYT themselves published the article above, so they're beating the same drum they did 4 years ago, except this time on the basis of illegally obtained documents that they also refuse to release, so their claims are impossible to verify until Trump himself releases his tax returns post-audit. They're providing more detail, not new information.

The only thing I find egregious about this situation is that anyone in the country pays any income tax at all, not the particular amount in question. This is my personal opinion, but I consider the income tax to be a penalty on productivity - nobody should be charged based on their input into the economy, taxes should be levied on consumption. The United States of America operated for well over a century without an income tax - historically income was only taxable temporarily for the purposes of funding a war effort (the Revenue Act of 1861 and the Tarrif Act in 1894). The modern income tax didn't come into existence until the ratification of the 16th Amendment in 1913, at which point it was levied at 1% for incomes up to $3000 with a surtax of 6% on incomes above $500000, which in those times was an unimaginable fortune. Since then it's been out of control, particularly in times of economic depression (during The Great Depression it reached a staggering 94%). My position has always been to abolish it altogether and charge people for what they consume, not on the fruits of their labour to which they are entitled to - they worked for them. The income tax is not the only tax people pay, but out of all of them it is easily the most offensive one.

That’s neither here nor there, I simply wanted to point out that this story isn't so much news as it is a development on what was already said. Trump uses deductions and exemptions - good on him, everyone should.
 

Cylent1

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WOW!
So where did he break the law?
Also no mention of his yearly $400,000 presidential salary goes to charity!
You haters have nothing better to do than hate!
By the way, Trump supports Oxygen. So all you haters can hold your breath now until he out of office 4 years from now!
 
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