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Thread started 09/27/20 3:20pm

v10letblues

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Records he tried to hide show Trump paid no taxes in 10 of the past 15 years

We all know this piece of shit president who conned his way to the presidency via his ignorant and mostly racist cult of buffoons and the electoral college has had multiple bankruptcies, but on top of that he has been only paid taxes while President in all the past 15 years.

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On top of being a piece of shit racist and cartoonishly evil, he is also a loser that was able to save his ass by conned dumb white trash and their racist fantasies into voting for him into the presidency.

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This is all too dumb to be true...yet its.

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hit the link for the full article

LONG-CONCEALED RECORDS SHOW TRUMP’S CHRONIC LOSSES AND YEARS OF TAX AVOIDANCE

https://www.nytimes.com/i...taxes.html

The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.

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Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

bust-narrow.jpg

The tax returns that Mr. Trump has long fought to keep private tell a story fundamentally different from the one he has sold to the American public. His reports to the I.R.S. portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes. Now, with his financial challenges mounting, the records show that he depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.


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Reply #1 posted 09/27/20 3:57pm

PennyPurple

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Of course he doesn't pay taxes, only us peons do that.


VOTE HIM OUT!!

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Reply #2 posted 09/27/20 4:05pm

OnlyNDaUsa

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and? why expect anyone to pay more than the owe? and his returns were legal.

I stand with Ben and the Moderators!
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Reply #3 posted 09/27/20 4:40pm

v10letblues

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OnlyNDaUsa said:

and? why expect anyone to pay more than the owe? and his returns were legal.

No big deal. It's al cool cool cool.

But it if it was Obama or Biden or Hillary, boy how you would be outraged over so many threads. Fox News would be going ape shit.

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Partisans pervert society in mind boggling ways.

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Let's see his tax returns. It;s been almost 4 years, he still hasn't allowed them to be seen and has fought tooth and nail via his "personal lawyers" the US Justice department to hide.

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I bet even if he is convicted of federal tax fraud the partisans will still defend him...like the have.

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Reply #4 posted 09/27/20 4:50pm

v10letblues

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So Trump says the IRS is treading him "very badly"

"Very badly"

"Very badly"

He seems to have to say the same things 4 or 6 times so his moronic cut could understand.

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He says he will be "very proud" to show his taxes, but "they are under audit" sorry.

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Yet, the IRS has said repeadly that they have no say in whether he wants to show his taxes or not.

Top IRS officials have said repeatedly many times when asked that Trump can show his taxes any time he wants. They have absolutely no say on the matter.

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Trump just doesn't WANT to.

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I mean what con man wants to admit to his cult that he is fucking them over?

[Edited 9/27/20 16:52pm]

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Reply #5 posted 09/27/20 4:52pm

AMERICA1ST

OnlyNDaUsa said:

and? why expect anyone to pay more than the owe? and his returns were legal.

That Trump was smart enough to pay as little as possible is why I want him running the economy - we benefited like never before from his economic policy. If he cheated the country or sold us out to China as Biden did, that would be different. Intelligent people know that tax story that the left has harped on for over 4 years is nothing.

Go see how much tax other billionaires pay. Look up what was paid by big phat liberal corporations that conspired against Trump and American values (tech companies especially) - they are worshipped by liberals but never see the same scrutiny (typical for the hypocrisy of the left).

[Edited 9/27/20 17:05pm]

[Edited 9/27/20 17:05pm]

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Reply #6 posted 09/27/20 5:09pm

OnlyNDaUsa

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v10letblues said:

OnlyNDaUsa said:

and? why expect anyone to pay more than the owe? and his returns were legal.

No big deal. It's al cool cool cool.

But it if it was Obama or Biden or Hillary, boy how you would be outraged over so many threads. Fox News would be going ape shit.

.

Partisans pervert society in mind boggling ways.

.

Let's see his tax returns. It;s been almost 4 years, he still hasn't allowed them to be seen and has fought tooth and nail via his "personal lawyers" the US Justice department to hide.

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I bet even if he is convicted of federal tax fraud the partisans will still defend him...like the have.

I would not care at all. Not a smig. you make up falsehoods about me out of whole cloth and that is ok...

We have zero right and no real expectation to see them. That's something someone has made up...


I stand with Ben and the Moderators!
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Reply #7 posted 09/27/20 5:23pm

v10letblues

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Twitter is active on this topic.

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From fellow republican David Frum, Bush's speech writter

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You can read Trump's tax returns two ways: either Donald Trump is the greatest tax cheat in US history - or he is a financial desperado hopelessly in debt to God knows who & needs every dollar he scams from Secret Service golf car rentals just to pay the electricity bill

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Reply #8 posted 09/27/20 5:26pm

OnlyNDaUsa

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v10letblues said:

Twitter is active on this topic.

.

From fellow republican David Frum, Bush's speech writter

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You can read Trump's tax returns two ways: either Donald Trump is the greatest tax cheat in US history - or he is a financial desperado hopelessly in debt to God knows who & needs every dollar he scams from Secret Service golf car rentals just to pay the electricity bill

yet he gives away his POTUS salary... he was audited over and over no crimes... one of his returnes was released... nothing questionable in it in terms of law.

I stand with Ben and the Moderators!
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Reply #9 posted 09/27/20 5:29pm

v10letblues

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AMERICA1ST said:

OnlyNDaUsa said:

and? why expect anyone to pay more than the owe? and his returns were legal.

That Trump was smart enough to pay as little as possible is why I want him running the economy - we benefited like never before from his economic policy. If he cheated the country or sold us out to China as Biden did, that would be different. Intelligent people know that tax story that the left has harped on for over 4 years is nothing.

Go see how much tax other billionaires pay. Look up what was paid by big phat liberal corporations that conspired against Trump and American values (tech companies especially) - they are worshipped by liberals but never see the same scrutiny (typical for the hypocrisy of the left).

[Edited 9/27/20 17:05pm]

[Edited 9/27/20 17:05pm]

I keep hearing his cult say that. That he was "smart" for conning his cult into thinking we wasn't a broke loser suckering them by pretending rich.

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He just may be a broke "smart" tax cheat, but that would also prove his cult to be the morons that they certainly are for falling in love with a fellow racist.

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Reply #10 posted 09/27/20 5:35pm

OnlyNDaUsa

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v10letblues said:

AMERICA1ST said:

That Trump was smart enough to pay as little as possible is why I want him running the economy - we benefited like never before from his economic policy. If he cheated the country or sold us out to China as Biden did, that would be different. Intelligent people know that tax story that the left has harped on for over 4 years is nothing.

Go see how much tax other billionaires pay. Look up what was paid by big phat liberal corporations that conspired against Trump and American values (tech companies especially) - they are worshipped by liberals but never see the same scrutiny (typical for the hypocrisy of the left).

[Edited 9/27/20 17:05pm]

[Edited 9/27/20 17:05pm]

I keep hearing his cult say that. That he was "smart" for conning his cult into thinking we wasn't a broke loser suckering them by pretending rich.

.

He just may be a broke "smart" tax cheat, but that would also prove his cult to be the morons that they certainly are for falling in love with a fellow racist.

he may well be worth much less than he has said...okay? and again do you pay more than you have to pay? do you seek any credits, deductions, adjustments to which you are entitled?

I stand with Ben and the Moderators!
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Reply #11 posted 09/27/20 5:42pm

v10letblues

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"Within the next four years, more than $300 million in loans — obligations for which he is personally responsible — will come due...His properties have become bazaars for collecting money directly from lobbyists, foreign officials and others seeking face time, access or favor..."

Trump's chronic tax evasion is an utter disgrace. But this is the big scandal, I think. He is using the presidency to enrich himself by selling out the American people.
GJ8zcy-z_normal.jpg
John Harwood
@JohnJHarwood
Replying to @JohnJHarwood
“The records go much further to revealing the conflicts created by Trump’s refusal to divest his business interests while in the WH. His properties have become bazaars for collecting money directly from lobbyists, foreign officials and others seeking face time, access or favor.”

How much do essential workers pay in personal federal income tax? Sample:
Truck Driver: $9,235
Rancher: $8,575
ER Nurse: $7,781
Teacher: $6,479
Sanitation Worker: $3,209
Army Sergeant: $2,380
Grocery Store Cashier: $1,337
Trump: $750

[Edited 9/27/20 17:52pm]

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Reply #12 posted 09/27/20 5:54pm

v10letblues

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OnlyNDaUsa said:

v10letblues said:

I keep hearing his cult say that. That he was "smart" for conning his cult into thinking we wasn't a broke loser suckering them by pretending rich.

.

He just may be a broke "smart" tax cheat, but that would also prove his cult to be the morons that they certainly are for falling in love with a fellow racist.

he may well be worth much less than he has said...okay?

I'm glad we agree that he is a con man. Now we are getting somewhere.

Little by little

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Reply #13 posted 09/27/20 5:57pm

OnlyNDaUsa

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v10letblues said:

OnlyNDaUsa said:

he may well be worth much less than he has said...okay?

I'm glad we agree that he is a con man. Now we are getting somewhere.

Little by little

that is not what I said... nice try

I stand with Ben and the Moderators!
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Reply #14 posted 09/27/20 5:59pm

2elijah

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You gotta laugh at how the trump cultists try to justify Trump’s wrongs. I can’t wait until SDNY locks him up.
Always smile in the face of adversity. smile
#NOFEAR
#BIDEN/HARRIS!!!
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Reply #15 posted 09/27/20 5:59pm

v10letblues

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Any American who filed a tax return that looked like #TrumpTaxes would be denied a security clearance. is a walking national security liability. He can be leveraged by foreign powers. Actually, pretty sure that has already happened
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Reply #16 posted 09/27/20 5:59pm

SoulAlive

OnlyNDaUsa said:

yet he gives away his POTUS salary... he was audited over and over no crimes... one of his returnes was released... nothing questionable in it in terms of law.

Exactly how much money does Trump pay you to defend his every move? confuse No matter what the scandal is,you're always bending over backwards to defend,downplay and excuse it.

..

[Edited 9/27/20 18:00pm]

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Reply #17 posted 09/27/20 6:03pm

OnlyNDaUsa

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SoulAlive said:

OnlyNDaUsa said:

yet he gives away his POTUS salary... he was audited over and over no crimes... one of his returnes was released... nothing questionable in it in terms of law.

Exactly how much money does Trump pay you to defend his every move? confuse No matter what the scandal is,you're always bending over backwards to defend,downplay and excuse it.

..

[Edited 9/27/20 18:00pm]

haha... yeah but no. you are selective. I do not like him he is a creepy sexual predator and a liar... i have called him out over and over... i said he should not and then that he was done and then that he should drop out... to say I always defend him is just not true.


I stand with Ben and the Moderators!
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Reply #18 posted 09/27/20 6:05pm

SoulAlive

OnlyNDaUsa said:

SoulAlive said:

Exactly how much money does Trump pay you to defend his every move? confuse No matter what the scandal is,you're always bending over backwards to defend,downplay and excuse it.

haha... yeah but no. you are selective. I do not like him he is a creepy sexual predator and a liar... i have called him out over and over... i said he should not and then that he was done and then that he should drop out... to say I always defend him is just not true.


You claim that you hate him and will not be voting for him....yet everytime there is a new Trump scandal,you are on here,bending over backwards to defend him lol tell me I'm wrong,lol

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Reply #19 posted 09/27/20 6:12pm

OnlyNDaUsa

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SoulAlive said:

OnlyNDaUsa said:

haha... yeah but no. you are selective. I do not like him he is a creepy sexual predator and a liar... i have called him out over and over... i said he should not and then that he was done and then that he should drop out... to say I always defend him is just not true.


You claim that you hate him and will not be voting for him....yet everytime there is a new Trump scandal,you are on here,bending over backwards to defend him lol tell me I'm wrong,lol

you are wrong... and this is not a scandle find where he cheated... and I will be there to call him out

I stand with Ben and the Moderators!
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Reply #20 posted 09/27/20 6:14pm

AMERICA1ST

OnlyNDaUsa said:

v10letblues said:

Twitter is active on this topic.

.

From fellow republican David Frum, Bush's speech writter

.

yet he gives away his POTUS salary... he was audited over and over no crimes... one of his returnes was released... nothing questionable in it in terms of law.

Exactly how does someone go about paying more than they owe the government? Is it an option on the 1040 or a special seperate form that has to be filed with a check way bigger than the amount due? And who has ever done it and why is Trump expected to do it?

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Reply #21 posted 09/27/20 6:19pm

v10letblues

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Jim Jones ordered his cultist to drink the Kool Aid and sadly it was too late to save most of them.

I surely don't anything to "bad" to happen to Trump's cultists. They are just ignorant morons. They don't know any better.

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But if they take just a tiny little sip to prove their devotion to their dear leader, would it be bad if we could look sideways for just a tiny moment? You know, just like when someone smacks a dog with a newspaper. I mean, so that they can learn.

Of course we don't want to harm a dumb animal!

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Reply #22 posted 09/27/20 6:31pm

v10letblues

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Trump for Prison 2020! flag flag flag flag

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Reply #23 posted 09/27/20 6:32pm

SoulAlive

according to a Trump associate,the real reasons why Trump is afraid to release his tax returns is....

1)He is not as wealthy as he claims to be

2 He is afraid of getting into trouble for tax fraud

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Reply #24 posted 09/27/20 6:40pm

OnlyNDaUsa

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SoulAlive said:

according to a Trump associate,the real reasons why Trump is afraid to release his tax returns is....

1)He is not as wealthy as he claims to be

2 He is afraid of getting into trouble for tax fraud

1) maybe... but you know that is not how such things work... a tax return will not show how wealthy a person is (most of the time)

2) zero chance as he was audited over and over. the one that was illegally published had nothing illegal in it...

I stand with Ben and the Moderators!
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Reply #25 posted 09/27/20 6:42pm

benni

We already knew, somewhat, that Trump has cheated on his taxes before. For instance, The NYTs had released a report about earlier taxes that called in very questionable practices. Here is an article that specifies how Trump's earlier tax returns might show illegal activities:


https://www.cityandstateny.com/articles/policy/criminal-justice/why-hasnt-new-york-charged-donald-trump-with-tax-fraud.html


The New York Times’ investigation last October reached back to the 1980s, uncovering that Donald Trump and his family members filed tax returns for valuations for their properties far below what independent estimates would suggest. Fred and Mary Trump, the president’s parents, passed down over $1 billion in wealth to their children, for which they paid only $52.2 million in taxes – despite the fact that the 55 percent tax rate on gifts and inheritances of that size would have racked up a tax bill of at least $550 million.

As the Times’ pointed out, the line between legal tax avoidance and illegal tax evasion is blurry. But the practices detailed in the report go beyond the average filer’s exploitation of loopholes. In 1992, Fred Trump set up a company called All County Building Supply & Maintenance, whose main purpose was to make large cash gifts to the Trump children without incurring the 55 percent tax, by disguising the gifts as business transactions.

**************************************************

In this most recent article:


Examining the Trump Organization’s tax records, a curious pattern emerges: Between 2010 and 2018, Mr. Trump wrote off some $26 million in unexplained “consulting fees” as a business expense across nearly all of his projects.

In most cases the fees were roughly one-fifth of his income: In Azerbaijan, Mr. Trump collected $5 million on a hotel deal and reported $1.1 million in consulting fees, while in Dubai it was $3 million with a $630,000 fee, and so on.

Mysterious big payments in business deals can raise red flags, particularly in places where bribes or kickbacks to middlemen are routine. But there is no evidence that Mr. Trump, who mostly licenses his name to other people’s projects and is not involved in securing government approvals, has engaged in such practices.

Rather, there appears to be a closer-to-home explanation for at least some of the fees: Mr. Trump reduced his taxable income by treating a family member as a consultant, and then deducting the fee as a cost of doing business.

The “consultants” are not identified in the tax records. But evidence of this arrangement was gleaned by comparing the confidential tax records to the financial disclosures Ivanka Trump filed when she joined the White House staff in 2017. Ms. Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.


Ms. Trump had been an executive officer of the Trump companies that received profits from and paid the consulting fees for both projects — meaning she appears to have been treated as a consultant on the same hotel deals that she helped manage as part of her job at her father’s business.

When asked about the arrangement, the Trump Organization lawyer, Mr. Garten, did not comment.

Employers can deduct consulting fees as a business expense and also avoid the withholding taxes that apply to wages. To claim the deduction, the consulting arrangement must be an “ordinary and necessary” part of running the business, with fees that are reasonable and market-based, according to the I.R.S. The recipient of the fees is still required to pay income tax.

The I.R.S. has pursued civil penalties against some business owners who devised schemes to avoid taxes by paying exorbitant fees to related parties who were not in fact independent contractors. A 2011 tax court case centered on the I.R.S.’s denial of almost $3 million in deductions for consulting fees the partners in an Illinois accounting firm paid themselves via corporations they created. The court concluded that the partners had structured the fees to “distribute profits, not to compensate for services.”

There is no indication that the I.R.S. has questioned Mr. Trump’s practice of deducting millions of dollars in consulting fees. If the payments to his daughter were compensation for work, it is not clear why Mr. Trump would do it in this form, other than to reduce his own tax liability. Another, more legally perilous possibility is that the fees were a way to transfer assets to his children without incurring a gift tax.

[Edited 9/27/20 18:44pm]

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Reply #26 posted 09/27/20 6:47pm

OnlyNDaUsa

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and that 700K was taxable.. are you saying a person can not hire a family member? haha right.

if true... at worst it was dodgy by not criminal... saying he cheated... is wishy washy... he certainly avoided tax by legal means... wouldn't you do the same?

I stand with Ben and the Moderators!
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Reply #27 posted 09/27/20 6:50pm

v10letblues

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OnlyNDaUsa said:

SoulAlive said:

according to a Trump associate,the real reasons why Trump is afraid to release his tax returns is....

1)He is not as wealthy as he claims to be

2 He is afraid of getting into trouble for tax fraud

1) maybe... but you know that is not how such things work... a tax return will not show how wealthy a person is (most of the time)

2) zero chance as he was audited over and over. the one that was illegally published had nothing illegal in it...

The IRS is currently working on weather his claimed 72 million refund was lawful. So we'll see. I wouldn't be making any declarative statements with such broad strokes on behalf of your client just yet

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Reply #28 posted 09/27/20 6:57pm

PennyPurple

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OnlyNDaUsa said:

and? why expect anyone to pay more than the owe? and his returns were legal.

Ummm, no. They are saying they are not legal.

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Reply #29 posted 09/27/20 7:06pm

benni

Trump looks pretty resigned here:


https://www.facebook.com/...0cTeNLhSV1

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