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    Gern BlanstenGern Blansten Your Mom's Posts: 18,007
    dignin said:

    I don't know how conservatives can defend Trump for taking advantage of the system in this way. Conservatives are always the first to rage against those money spongers taking advantage of welfare and other government systems. How is this any different? Other than Trump is fucking you, the taxpayer, a lot harder.

    To be fair....I don't consider it being that he took advantage of the system. If a business incurs a loss it is allowed to write that loss off. If there is excess loss you are allowed to carry it over which is what we see here.

    The bigger issue is that he is a loser. He makes bad business decisions...horrible decisions that resulted in nearly one billion dollars in losses.

    His surrogates are trying to use this to his advantage...the new mantra is "he is the only one who can save us from the current system because he knows how to use it so well". Horseshit. The guy lost his ass because he sucked as a businessman.

    And remember....these losses do NOT include the bankruptcy losses. Those were a separate animal.
    Remember the Thomas Nine !! (10/02/2018)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
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    rgambsrgambs Posts: 13,576

    dignin said:

    I don't know how conservatives can defend Trump for taking advantage of the system in this way. Conservatives are always the first to rage against those money spongers taking advantage of welfare and other government systems. How is this any different? Other than Trump is fucking you, the taxpayer, a lot harder.

    To be fair....I don't consider it being that he took advantage of the system. If a business incurs a loss it is allowed to write that loss off. If there is excess loss you are allowed to carry it over which is what we see here.

    The bigger issue is that he is a loser. He makes bad business decisions...horrible decisions that resulted in nearly one billion dollars in losses.

    His surrogates are trying to use this to his advantage...the new mantra is "he is the only one who can save us from the current system because he knows how to use it so well". Horseshit. The guy lost his ass because he sucked as a businessman.

    And remember....these losses do NOT include the bankruptcy losses. Those were a separate animal.
    What about the reports that I have seen suggesting that his losses and gains are all fabricated and misrepresented through complicated shufflings throughout his labyrinthine network of holdings? Any possible truth to that?
    Monkey Driven, Call this Living?
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    Gern BlanstenGern Blansten Your Mom's Posts: 18,007
    rgambs said:

    dignin said:

    I don't know how conservatives can defend Trump for taking advantage of the system in this way. Conservatives are always the first to rage against those money spongers taking advantage of welfare and other government systems. How is this any different? Other than Trump is fucking you, the taxpayer, a lot harder.

    To be fair....I don't consider it being that he took advantage of the system. If a business incurs a loss it is allowed to write that loss off. If there is excess loss you are allowed to carry it over which is what we see here.

    The bigger issue is that he is a loser. He makes bad business decisions...horrible decisions that resulted in nearly one billion dollars in losses.

    His surrogates are trying to use this to his advantage...the new mantra is "he is the only one who can save us from the current system because he knows how to use it so well". Horseshit. The guy lost his ass because he sucked as a businessman.

    And remember....these losses do NOT include the bankruptcy losses. Those were a separate animal.
    What about the reports that I have seen suggesting that his losses and gains are all fabricated and misrepresented through complicated shufflings throughout his labyrinthine network of holdings? Any possible truth to that?
    Hard to say... It wouldn't surprise me.

    Remember the Thomas Nine !! (10/02/2018)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
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    BS44325BS44325 Posts: 6,124

    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    The smart guy doesn't lose that money bud. Especially one who is privately wealthy.

    He squandered (I'm guessing) about 33% of his net worth on those casinos (which is what caused the losses...along with Trump Airlines). Sorry but a smart guy doesn't do that...an idiot does that.

    I prepared about 800 tax returns this year...how many did you do?
    Well that's the point. You're guessing and so is the New York Times. Everything in that article is a "may" or "might have" based on a few pages from 1995 with a bunch of assumptions. The loss probably pertains to Atlantic City investments etc. but so what? Again big companies often take many risks and sometimes they lose. You migh have done 800 returns but have any been for a business that size? There are large companies all over the world that take massive losses all the time yet come out on top. Look at the New York Times itself as reported by Forbes:

    "More recently, for tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014. In other words, their post-tax profit was higher than their pre-tax profit. The explanation in their 2014 annual report is, “The effective tax rate for 2014 was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.” If you don’t think it took fancy accountants and tax lawyers to make that happen, read the statement again."

    So the New York Times who is outraged by this took advantage of legal loopholes itself and actually got a tax refund. They were smart and so was Trump.

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    BS44325BS44325 Posts: 6,124
    dignin said:

    I don't know how conservatives can defend Trump for taking advantage of the system in this way. Conservatives are always the first to rage against those money spongers taking advantage of welfare and other government systems. How is this any different? Other than Trump is fucking you, the taxpayer, a lot harder.

    Actually conservatives are pushig for a flat tax that would eliminate all these loopholes. The current tax code was written by many years of washington elite both democrat and republican to reward friends and cronies. Trump is taking advantage of that system and why shouldn't he. Conservatives want to get rid of this code and it's nice to know that you're all on board. I mean I assume you are based on the outrage with Trump's legal tax avoidance?
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    mrussel1mrussel1 Posts: 28,709
    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    How many troops did he support with his state, local and real estate taxes?
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    BS44325BS44325 Posts: 6,124
    edited October 2016
    mrussel1 said:

    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    How many troops did he support with his state, local and real estate taxes?
    Ahhhh...so if you don't pay more taxes then you're legally required too then you don't support the troops. I get it. I was under the impression that it is evil republicans who question people's patriotism.
    Post edited by BS44325 on
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    rgambsrgambs Posts: 13,576
    BS44325 said:

    mrussel1 said:

    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    How many troops did he support with his state, local and real estate taxes?
    Ahhhh...so if you don't pay more taxes then you're legally required too then you don't support the troops. I get it. I was under the impression that it is evil republicans who question people's patriotism.
    You are always forgetting that these criticisms of Trump are meant to point out his glaring his hypocrisy, not the critic's genuine concerns.
    Monkey Driven, Call this Living?
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    mrussel1mrussel1 Posts: 28,709
    rgambs said:

    BS44325 said:

    mrussel1 said:

    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    How many troops did he support with his state, local and real estate taxes?
    Ahhhh...so if you don't pay more taxes then you're legally required too then you don't support the troops. I get it. I was under the impression that it is evil republicans who question people's patriotism.
    You are always forgetting that these criticisms of Trump are meant to point out his glaring his hypocrisy, not the critic's genuine concerns.
    Precisely. I'm not arguing with the tax code right now, I'm arguing that both of these issues (the massive loss and the lack of tax) cut against the very premise of his campaign. He's with us... he can run a business etc.
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    BS44325BS44325 Posts: 6,124
    rgambs said:

    BS44325 said:

    mrussel1 said:

    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    How many troops did he support with his state, local and real estate taxes?
    Ahhhh...so if you don't pay more taxes then you're legally required too then you don't support the troops. I get it. I was under the impression that it is evil republicans who question people's patriotism.
    You are always forgetting that these criticisms of Trump are meant to point out his glaring his hypocrisy, not the critic's genuine concerns.
    Sure but I don't see in this situation how it shows him to be particularly "hypocritical". He doesn't deny taking advantage of the rules of the system to benefit his business while running to change the rules now that he's chosen a different calling. The attack just seems to fall flat with me. The New York Times is throwing out a big loss from 1995 without saying much else. Will the price tag make people care? I just don't know.
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    rgambsrgambs Posts: 13,576
    BS44325 said:

    rgambs said:

    BS44325 said:

    mrussel1 said:

    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    How many troops did he support with his state, local and real estate taxes?
    Ahhhh...so if you don't pay more taxes then you're legally required too then you don't support the troops. I get it. I was under the impression that it is evil republicans who question people's patriotism.
    You are always forgetting that these criticisms of Trump are meant to point out his glaring his hypocrisy, not the critic's genuine concerns.
    Sure but I don't see in this situation how it shows him to be particularly "hypocritical". He doesn't deny taking advantage of the rules of the system to benefit his business while running to change the rules now that he's chosen a different calling. The attack just seems to fall flat with me. The New York Times is throwing out a big loss from 1995 without saying much else. Will the price tag make people care? I just don't know.
    You don't see the hypocrisy in being the head of the party that demonizes poor people for taking advantage of the rules and then doing so for millions more dollars?
    Monkey Driven, Call this Living?
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    PJ_SoulPJ_Soul Vancouver, BC Posts: 49,677
    edited October 2016
    This is the second time in the past couple of days where I am actually going to defend Trump, whihc galls me, lol, but fair is fair. I think the way a lot of the left is reacting to Trump not paying these taxes is damaging to the fight to keep Trump out of office.
    Trump has not evaded taxes. He has simply taken advantage of the existing tax system. Totally legal. Would a single one of you honestly claim that you would pay income taxes that you aren't legally obligated to pay????? I know i wouldn't. So why are so many acting as though Trump had done this huge horrible thing just because he is following tax law?? All these irroneous accusations are doing is bolstering the the anti-Clintonites. Why not focus on the laws that Trump HAS broken??? There appear to be several of them! Hillary shouldn't be using this point as another way to attack Trump. She should only be using it as a good example as to why tax reform is needed, and then she should tell everyone what she's going to do to make sure super rich people are obligated to pay income tax just like everybody else.
    Post edited by PJ_Soul on
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
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    Trump's surrogates seem to be happy with the narrative of the NYT tax story - he cleverly takes advantage of tax law to screw people over.
    And is an incompetent business person.

    Kinda makes me really wanna see what is hidden in his more recent taxes if not denying this is the better option.
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    dignindignin Posts: 9,303
    rgambs said:

    BS44325 said:

    rgambs said:

    BS44325 said:

    mrussel1 said:

    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    How many troops did he support with his state, local and real estate taxes?
    Ahhhh...so if you don't pay more taxes then you're legally required too then you don't support the troops. I get it. I was under the impression that it is evil republicans who question people's patriotism.
    You are always forgetting that these criticisms of Trump are meant to point out his glaring his hypocrisy, not the critic's genuine concerns.
    Sure but I don't see in this situation how it shows him to be particularly "hypocritical". He doesn't deny taking advantage of the rules of the system to benefit his business while running to change the rules now that he's chosen a different calling. The attack just seems to fall flat with me. The New York Times is throwing out a big loss from 1995 without saying much else. Will the price tag make people care? I just don't know.
    You don't see the hypocrisy in being the head of the party that demonizes poor people for taking advantage of the rules and then doing so for millions more dollars?
    Exactly. Why is this so hard to understand?

    When the poor do it, they are "lazy freeloaders".....when the rich do it, they are "smart".
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    brianluxbrianlux Moving through All Kinds of Terrain. Posts: 40,792
    PJ_Soul said:

    This is the second time in the past couple of days where I am actually going to defend Trump, whihc galls me, lol, but fair is fair. I think the way a lot of the left is reacting to Trump not paying these taxes is damaging to the fight to keep Trump out of office.
    Trump has not evaded taxes. He has simply taken advantage of the existing tax system. Totally legal. Would a single one of you honestly claim that you would pay income taxes that you aren't legally obligated to pay????? I know i wouldn't. So why are so many acting as though Trump had done this huge horrible thing just because he is following tax law?? All these irroneous accusations are doing is bolstering the the anti-Clintonites. Why not focus on the laws that Trump HAS broken??? There appear to be several of them! Hillary shouldn't be using this point as another way to attack Trump. She should only be using it as a good example as to why tax reform is needed, and then she should tell everyone what she's going to do to make sure super rich people are obligated to pay income tax just like everybody else.

    Hard to argue with your points made here, PJ_Soul. What bugs me is that anybody with enough money and power can avoid paying taxes while the rest of us shoulder the load. Trump is just one of many who are able to manipulate the system and make out like bandits. "Steal a little and they throw you in jail/ Steal a lot and they make you king [or president]" -Bob Dylan
    “The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
    Variously credited to Mark Twain or Edward Abbey.













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    PJ_SoulPJ_Soul Vancouver, BC Posts: 49,677
    edited October 2016
    I agree Brian, but the thing is, that's not Trump's fault at all. And actually in wouodn't call what he and everybody else does manipulation. He just follows the tax laws. I don't know anyone who doesn't find out how they can legally pay less tax. That's exactly why all those tax accounting companies exist and why people pay them to do their taxes for them if they don't feel confident that they can figure it out themselves. Yet I have never heard anyone bashing H&R Block and their millions of middle class clients for screwing everyone over.
    If people are against tax loopholes, then attack those who created them.
    Post edited by PJ_Soul on
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
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    dimitrispearljamdimitrispearljam NINUNINOPRO Posts: 139,332
    image
    "...Dimitri...He talks to me...'.."The Ghost of Greece..".
    "..That's One Happy Fuckin Ghost.."
    “..That came up on the Pillow Case...This is for the Greek, With Our Apologies.....”
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    brianluxbrianlux Moving through All Kinds of Terrain. Posts: 40,792
    PJ_Soul said:

    I agree Brian, but the thing is, that's not Trump's fault at all. And actually in wouodn't call what he and everybody else does manipulation. He just follows the tax laws. I don't know anyone who doesn't find out how they can legally pay less tax. That's exactly why all those tax accounting companies exist and why people pay them to do their taxes for them if they don't feel confident that they can figure it out themselves. Yet I have never heard anyone bashing H&R Block and their millions of middle class clients for screwing everyone over.
    If people are against tax loopholes, then attack those who created them.

    The difference though is that those laws favor the wealthy. It's like legal representation-- if you have enough money, you can literally get away with murder by hiring high paid lawyers. I'm not saying Trump necessarily broke any laws, he's just one of a select group of wealthy people who (metaphorically speaking this time) get away with murder.
    “The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
    Variously credited to Mark Twain or Edward Abbey.













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    PJ_SoulPJ_Soul Vancouver, BC Posts: 49,677
    edited October 2016
    Yeah, I'm not defending the laws. But I don't know why or how people can hold tax law against anyone besides those responsible for the laws. As I said, every single last one of us would say ends much on taxes as we could. Period. I just don't think the little shit storm that Clinton has kicked up about him not paying taxes is pretty unreasonable and hypocritical (as if the Clintons don't adhere to beneficial tax laws themselves! Just like all of us do, or at least would if we knew how!).
    Post edited by PJ_Soul on
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
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    mrussel1mrussel1 Posts: 28,709
    PJ_Soul said:

    Yeah, I'm not defending the laws. But I don't know why or how people can hold tax law against anyone besides those responsible for the laws. As I said, every single last one of us would say ends much on taxes as we could. Period. I just don't think the little shit storm that Clinton has kicked up about him not paying taxes is pretty unreasonable and hypocritical (as if the Clintons don't adhere to beneficial tax laws themselves! Just like all of us do, or at least would if we knew how!).

    Romney got lambasted in 2012 because he tried to avoid releasing his taxes, and when he did it showed his income tax rate was 14%. This is lower than the average American. Trump knew this would be an issue, and one of the at least two reasons he was avoiding it (where his $ is tied up is probably the other reason).

    It's not about whether he paid the legally lowest amount allowed. This cuts into his campaign narrative, as I pointed out earlier. "I'm with you guys" and "I'm an awesome businessman". How many awesome businessmen lose a billion in one tax year? How many people get to make THAT kind of mistake?
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    PJ_SoulPJ_Soul Vancouver, BC Posts: 49,677
    edited October 2016
    But that's my point. For most people talking about this online and on the news, etc, it IS about how he didn't pay those taxes. That Trump has had massive loses in his business and how that cuts into his campaign narative is a completely different issue.
    Post edited by PJ_Soul on
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
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    mrussel1mrussel1 Posts: 28,709
    PJ_Soul said:

    But that's my point. For most people talking about this online and on the news, etc, it IS about how he didn't pay those taxes.

    Not because it's a crime, but it damages his personal narrative that he tries to sell. Remember Warren Buffet made this a huge deal several years ago. He came out and said he was upset because he paid a lower income tax rate than his secretary. Trump could have done the same thing six months ago and made it part of the 'rigged system' argument. But he didn't. Probably because of the billion dollar loss. But now he has to face it head on.
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    RoleModelsinBlood31RoleModelsinBlood31 Austin TX Posts: 6,152
    This was a major letdown. I thought a bombshell would come out when his taxes were released, instead we find out he did what everyone has the capability to do, he was smart and found the best solution? Huh. Well onto the next issue we go
    I'm like an opening band for your mom.
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    mrussel1mrussel1 Posts: 28,709

    This was a major letdown. I thought a bombshell would come out when his taxes were released, instead we find out he did what everyone has the capability to do, he was smart and found the best solution? Huh. Well onto the next issue we go

    We all have the ability to lose $950 MM in one tax year? I am not so sure about that.
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    PJ_SoulPJ_Soul Vancouver, BC Posts: 49,677
    edited October 2016
    mrussel1 said:

    PJ_Soul said:

    But that's my point. For most people talking about this online and on the news, etc, it IS about how he didn't pay those taxes.

    Not because it's a crime, but it damages his personal narrative that he tries to sell. Remember Warren Buffet made this a huge deal several years ago. He came out and said he was upset because he paid a lower income tax rate than his secretary. Trump could have done the same thing six months ago and made it part of the 'rigged system' argument. But he didn't. Probably because of the billion dollar loss. But now he has to face it head on.
    I disagree that him using an accountant to get the most out of his tax filing damages the narrative. If anything, the whole thing is damaging Hillary's campaign, because it is a glaringly meaningless "accusation" that Hillary supporters have all jumped on, while there are so many more important things they should be trying to hammer into people's brains. Things that actually would be damaging to his personal narrative. This is just another pointless distraction. I bet Trump is thrilled it's sticking around for as long as it is. I mean, if him committing fraud and giving campaign donations to his kids doesn't make a dent, and if racist propaganda and threats of nuclear war don't affect his numbers, etc etc etc, why would anybody think this non-issue would? This is the most bland thing he's been attacked for in months.
    Post edited by PJ_Soul on
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
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    rgambsrgambs Posts: 13,576
    mrussel1 said:

    This was a major letdown. I thought a bombshell would come out when his taxes were released, instead we find out he did what everyone has the capability to do, he was smart and found the best solution? Huh. Well onto the next issue we go

    We all have the ability to lose $950 MM in one tax year? I am not so sure about that.
    According to something I saw from Robert Reich, I think, most of the lost money wasn't likely his own personal assets to begin with!
    Monkey Driven, Call this Living?
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    It seems we are getting daily Trump scandals by the handful now (today so far we have potential Iranian dealings with terrorist links and his awful behaviour to women whilst doing the Apprentice).
    I don't think anything will cause him too much damage or change the election much (he will lose comfortably but with a shocking 40% still backing him), but my wonder is with the ease of finding dirt why did GOP oppo research not do this in the primary?
    Did they assume he would flame out or do that just not fancy taking the executive branch any more?
    Given their awful candidates of recent cycles I fancy the latter, but know not why.
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    Gern BlanstenGern Blansten Your Mom's Posts: 18,007
    BS44325 said:

    BS44325 said:

    The tax issue is simple. It shows that he lost a MASSIVE amount of money.

    He keeps saying that it shows he is "smart"...it doesn't, it shows that he lost a MASSIVE amount of money

    That is ridiculous. Businesses take risks...sometimes they win and sometimes they lose. The "smart" businessman knows how to shield themselves and/or how to sustain a loss while still moving forward. That number is massive on our scale but not massive at Trump's scale. The fact that he took that loss and yet is where he is today in business shows that he is indeed "smart". Again this is so silly except to the novice.
    The smart guy doesn't lose that money bud. Especially one who is privately wealthy.

    He squandered (I'm guessing) about 33% of his net worth on those casinos (which is what caused the losses...along with Trump Airlines). Sorry but a smart guy doesn't do that...an idiot does that.

    I prepared about 800 tax returns this year...how many did you do?
    Well that's the point. You're guessing and so is the New York Times. Everything in that article is a "may" or "might have" based on a few pages from 1995 with a bunch of assumptions. The loss probably pertains to Atlantic City investments etc. but so what? Again big companies often take many risks and sometimes they lose. You migh have done 800 returns but have any been for a business that size? There are large companies all over the world that take massive losses all the time yet come out on top. Look at the New York Times itself as reported by Forbes:

    "More recently, for tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014. In other words, their post-tax profit was higher than their pre-tax profit. The explanation in their 2014 annual report is, “The effective tax rate for 2014 was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.” If you don’t think it took fancy accountants and tax lawyers to make that happen, read the statement again."

    So the New York Times who is outraged by this took advantage of legal loopholes itself and actually got a tax refund. They were smart and so was Trump.

    Wait a second....if he is worth about $3 billion then yes that is 33% of his net worth gone in one year. That was back in 1995 so that's likely pretty accurate. Honestly his net worth (documented in some court cases) could actually be less than $1 billion.

    Remember the Thomas Nine !! (10/02/2018)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
  • Options
    Gern BlanstenGern Blansten Your Mom's Posts: 18,007

    It seems we are getting daily Trump scandals by the handful now (today so far we have potential Iranian dealings with terrorist links and his awful behaviour to women whilst doing the Apprentice).
    I don't think anything will cause him too much damage or change the election much (he will lose comfortably but with a shocking 40% still backing him), but my wonder is with the ease of finding dirt why did GOP oppo research not do this in the primary?
    Did they assume he would flame out or do that just not fancy taking the executive branch any more?
    Given their awful candidates of recent cycles I fancy the latter, but know not why.

    Good question. He's an "outsider" so there probably isn't any type of vetting process.

    I'm guessing that the GOP is wishing they would have pushed his ass out of the party about now.
    Remember the Thomas Nine !! (10/02/2018)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Chicago; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
  • Options
    mrussel1mrussel1 Posts: 28,709

    It seems we are getting daily Trump scandals by the handful now (today so far we have potential Iranian dealings with terrorist links and his awful behaviour to women whilst doing the Apprentice).
    I don't think anything will cause him too much damage or change the election much (he will lose comfortably but with a shocking 40% still backing him), but my wonder is with the ease of finding dirt why did GOP oppo research not do this in the primary?
    Did they assume he would flame out or do that just not fancy taking the executive branch any more?
    Given their awful candidates of recent cycles I fancy the latter, but know not why.

    Political malpractice, plain and simple. In fact, I remember reading this several months ago, where the Clinton campaign was shocked at how poorly his opponents did on this front. They said they had lots of material.
This discussion has been closed.