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Pensacola Discussion Forum » Politics » Trump may not have paid federal income tax for decades according to the NYT

Trump may not have paid federal income tax for decades according to the NYT

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Sal
RealLindaL
2seaoat
Floridatexan
othershoe1030
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othershoe1030

othershoe1030

For a minute I thought it might be from the Onion, but it is really the New York Times. Is this another "last straw"?

Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=a-lede-package-region&region=top-news&WT.nav=top-news

Floridatexan

Floridatexan


He lost the media by continuing to attack them. He lost the Hispanic vote the same way. Women? That should, at this point, be obvious. Now the negative articles are coming out daily, almost as if they finally woke up to the fact that he's the GOP nominee, and they've belatedly done their jobs...exposing what should have been plain to see...he's a charlatan.

othershoe1030

othershoe1030

Floridatexan wrote:
He lost the media by continuing to attack them.  He lost the Hispanic vote the same way.  Women?  That should, at this point, be obvious.  Now the negative articles are coming out daily, almost as if they finally woke up to the fact that he's the GOP nominee, and they've belatedly done their jobs...exposing what should have been plain to see...he's a charlatan.

Better late than never. Yes, he has upset the media, not a good idea. Here's a bit more from CNN.

The Times' report shows Trump that year declared a $916 million loss and lists tax benefits he used after a turbulent financial period for him in the early 1990s. The paper, citing tax experts, said Trump could have used his loss to cancel out an equivalent amount of taxable income for nearly two decades.
The paper says it obtained the three pages of documents when they were mailed to a reporter last month. A postmark indicated the documents were mailed from New York City, and the return address claimed the envelope had been sent from Trump Tower.
The paper did not look at his federal return. It obtained one page of his New York State resident income tax return as well as the first page of New Jersey and Connecticut nonresident returns.
In a statement, the Trump campaign said the real estate magnate has a "fiduciary responsibility" to his business, family and employees "to pay no more tax than legally required." It added that Trump has paid hundreds of millions of dollars in other taxes, including property and real estate taxes.
"The only news here is that the more than 20-year-old alleged tax document was illegally obtained, a further demonstration that The New York Times, like establishment media in general, is an extension of the Clinton campaign, the Democratic Party and their global special interests," the statement said.
Trump's refusal to release his tax returns has been a break with decades of modern presidential politics, as candidates dating back to the 1970s have released such information.

http://www.cnn.com/2016/10/01/politics/donald-trump-taxes-report-hillary-clinton/index.html?adkey=bn

Guest


Guest

If he had done something that heinous, do you think the corrupt democratic regime in power wouldn't have locked him up already ?Razz There is neither smoke nor fire in this silliness.

2seaoat



There is nothing illegal for extremely wealthy people not to pay taxes......that is the point. It is time to eliminate tax loopholes and reestablish tax rates which can begin to balance our budget.......you would have to be an idiot not to understand that not paying taxes by the wealthy has been bought and paid for in Congress as bills are passed which allow folks to skate....time for a change.

Guest


Guest

2seaoat wrote:There is nothing illegal for extremely wealthy people not to pay taxes......that is the point.  It is time to eliminate tax loopholes and reestablish tax rates which can begin to balance our budget.......you would have to be an idiot not to understand that not paying taxes by the wealthy has been bought and paid for in Congress as bills are passed which allow folks to skate....time for a change.
Obama has set a record three years running on revenue collections. What needs to be done is stop spending on handouts and giveaways. Why do we give money to countries that hate us? Why are we bringing in immigrants who cannot speak the language, have no job skills, no education, and are morally
Opposed to living in a democracy ? If we cannot be policeman for the world as you have said, how can we be the foster parent for the world? We
Can't be bringing in people unready to help pull the wagon and participate in a free market economy from the start of their visa to move here. Trump is correct... Americans first. Quit borrowing money from the Chinese to give to people who hate us and will never assimilate. Europe is the poster child of failed world foster parenting. Just ask them.

RealLindaL



2seaoat wrote:There is nothing illegal for extremely wealthy people not to pay taxes......that is the point.  It is time to eliminate tax loopholes and reestablish tax rates which can begin to balance our budget.......you would have to be an idiot not to understand that not paying taxes by the wealthy has been bought and paid for in Congress as bills are passed which allow folks to skate....time for a change.

Agreed - that is the point exactly.

Sal

Sal

The point is not whether this was legal or not.

The point is he is not who he say he is.

He's not this enormously successful business man.

He is nothing more than a con man.

He criticizes poor people for not paying taxes, he criticizes hedge fund managers for not paying taxes, but he won't release his own tax returns, ...

... because???

Floridatexan

Floridatexan

Tellthetruth wrote:
2seaoat wrote:There is nothing illegal for extremely wealthy people not to pay taxes......that is the point.  It is time to eliminate tax loopholes and reestablish tax rates which can begin to balance our budget.......you would have to be an idiot not to understand that not paying taxes by the wealthy has been bought and paid for in Congress as bills are passed which allow folks to skate....time for a change.
Obama has set a record three years running on revenue collections. What needs to be done is stop spending on handouts and giveaways. Why do we give money to countries that hate us? Why are we bringing in immigrants who cannot speak the language, have no job skills, no education, and are morally
Opposed to living in a democracy ? If we cannot be policeman for the world as you have said, how can we be the foster parent for the world? We
Can't be bringing in people unready to help pull the wagon and participate in a free market economy from the start of their visa to move here. Trump is correct... Americans first. Quit borrowing money from the Chinese to give to people who hate us and will never assimilate. Europe is the poster child of failed world foster parenting. Just ask them.

"Handouts and giveaways" to billionaires, but no relief for refugees or for our own poor.  Donald Trump exploits Chinese labor, Mexican labor, and then blames the Mexicans and the Chinese.  He stiffs his employees, contractors, investors and suppliers.  He uses other peoples' money through his "foundation" to pay off legal bills from his sleazy business deals and to bribe state AG's to refrain from investigating him.  He makes almost no charitable contributions.  And you want to whine about food and shelter for the poor.

Do you know which President borrowed from the Chinese?  Hint:  It was to finance two failed wars.



Last edited by Floridatexan on 10/2/2016, 11:11 am; edited 1 time in total

othershoe1030

othershoe1030

Here's a question about taxes. I'm watching Rudy Giuliani and others on the Sunday morning political talk shows explain that somehow there is a difference between Trump's business losses, which were in the realm of "business" and his personal income taxes. Somehow it sounds as if they are suggesting that perhaps Trump paid some personal income tax over the past 20 years? Do his businesses file one set of tax papers and he himself another?

I understand the argument that he would be at fault had he not taken every available and legal deduction and credit but is that confined to his businesses only or is he personally involved with that $916 million dollar loss?

othershoe1030

othershoe1030

Floridatexan wrote:
Tellthetruth wrote:
2seaoat wrote:There is nothing illegal for extremely wealthy people not to pay taxes......that is the point.  It is time to eliminate tax loopholes and reestablish tax rates which can begin to balance our budget.......you would have to be an idiot not to understand that not paying taxes by the wealthy has been bought and paid for in Congress as bills are passed which allow folks to skate....time for a change.
Obama has set a record three years running on revenue collections. What needs to be done is stop spending on handouts and giveaways. Why do we give money to countries that hate us? Why are we bringing in immigrants who cannot speak the language, have no job skills, no education, and are morally
Opposed to living in a democracy ? If we cannot be policeman for the world as you have said, how can we be the foster parent for the world? We
Can't be bringing in people unready to help pull the wagon and participate in a free market economy from the start of their visa to move here. Trump is correct... Americans first. Quit borrowing money from the Chinese to give to people who hate us and will never assimilate. Europe is the poster child of failed world foster parenting. Just ask them.

"Handouts and giveaways" to billionaires, but no relief for refugees or for our own poor.  Donald Trump exploits Chinese labor, Mexican labor, and then blames the Mexicans and the Chinese.  He stiffs his employees, contractors, investors and suppliers.  He uses other peoples' money through his "foundation" to pay off legal bills from is sleazy business deals and to bribe state AG's to refrain from investigating him.  He makes almost no charitable contributions.  And you want to whine about food and shelter for the poor.

Do you know which President borrowed from the Chinese?  Hint:  It was to finance two failed wars.

Excellent.

2seaoat



Why do we give money to countries that hate us? Why are we bringing in immigrants who cannot speak the language, have no job skills, no education,

A company larger than GE, GM, and Exxon was started in a garage by the son of a Syrian immigrant.......you might want to realize that the dumb asz population in Pace Florida have a mean intelligence which does not allow for innovation and capital creation, rather teat suckers who depend on military service.......America has grown and succeeded not on lazy dullards, but on vibrant immigration which is often called the "brain drain" where America steals the best and brightest from other countries, yet not enough of these intelligent folks have settled in Florida........hell hispanic immigration to Florida would raise the IQ by twenty points. Going through life stupid and lazy is no way to build a country.....make America great again.....let the immigrants in........

RealLindaL



Sal wrote:The point is not whether this was legal or not.

The point is he is not who he say he is.

That, of course, goes without saying.

dumpcare



othershoe1030 wrote:Here's a question about taxes. I'm watching Rudy Giuliani and others on the Sunday morning political talk shows explain that somehow there is a difference between Trump's business losses, which were in the realm of "business" and his personal income taxes. Somehow it sounds as if they are suggesting that perhaps Trump paid some personal income tax over the past 20 years? Do his businesses file one set of tax papers and he himself another?

I understand the argument that he would be at fault had he not taken every available and legal deduction and credit but is that confined to his businesses only or is he personally involved with that $916 million dollar loss?

Yes, he would have filed business separate from personal taxes. The loss was more than likely a business loss.

Telstar

Telstar

Jake Tapper’s Interview of Rudy Giuliani on Trump Taxes Descends Into Open Mockery

Sunday morning’s political chat circuit saw the beginning of fallout from the New York Times‘ bombshell report on a leaked tax document that shows Republican presidential nominee Donald Trump may not have paid any federal income tax over a period of as much as 18 years. On CNN’s State of the Union, Trump campaign surrogate Rudy Giuliani took a most unpleasant turn on the roasting spit, as anchor Jake Tapper pressed him on his every talking point, and eventually just openly mocked him.

Giuliani began by contending that Trump is a “genius” for paying no federal income tax for at least two years that we know of, which prompted Taper to ask if paying taxes makes the rest of Americans stupid, but things really took a wrong turn when Giuliani refused to tell a visible stunned Tapper whether or not he, personally, pays any income tax, then repeatedly asserted that Trump could be sued by his business partners if he failed to take advantage of personal income tax provisions.

By the end of the interview, Tapper seemed to have had enough. After confronting him with a 2012 tweet complaining about Americans not paying taxes despite “crippling” government debt, Tapper asked Giuliani if Trump bore any responsibility for the infrastructure problems he routinely rails against, and Giuliani reflexively shouted “No!” as Tapper simultaneously deadpanned “He’s not at all, he’s not at all, no.”


http://www.mediaite.com/tv/jake-tappers-interview-of-rudy-giuliani-on-trump-taxes-descends-into-open-mockery/

othershoe1030

othershoe1030

ppaca wrote:
othershoe1030 wrote:Here's a question about taxes. I'm watching Rudy Giuliani and others on the Sunday morning political talk shows explain that somehow there is a difference between Trump's business losses, which were in the realm of "business" and his personal income taxes. Somehow it sounds as if they are suggesting that perhaps Trump paid some personal income tax over the past 20 years? Do his businesses file one set of tax papers and he himself another?

I understand the argument that he would be at fault had he not taken every available and legal deduction and credit but is that confined to his businesses only or is he personally involved with that $916 million dollar loss?

Yes, he would have filed business separate from personal taxes. The loss was more than likely a business loss.

Yes, these were business losses due to mismanagement of  three casinos an air line that went bad and the poor timing of the purchase of the Plaza Hotel in NYC. That much we seem to know.  

ZVUGKTUBM

ZVUGKTUBM

Tellthetruth wrote:Obama has set a record three years running on revenue collections. What needs to be done is stop spending on handouts and giveaways. Why do we give money to countries that hate us? Why are we bringing in immigrants who cannot speak the language, have no job skills, no education, and are morally
Opposed to living in a democracy ? If we cannot be policeman for the world as you have said, how can we be the foster parent for the world? We
Can't be bringing in people unready to help pull the wagon and participate in a free market economy from the start of their visa to move here. Trump is correct... Americans first. Quit borrowing money from the Chinese to give to people who hate us and will never assimilate. Europe is the poster child of failed world foster parenting. Just ask them.

This rant really reads like PeeDog plagiarized it from some wingnut blog and very hastily cut and pasted it here without attributing a link. The writing style is too sophisticated for his normal spewing.

http://www.best-electric-barbecue-grills.com

Markle

Markle

othershoe1030 wrote:For a minute I thought it might be from the Onion, but it is really the New York Times. Is this another "last straw"?

Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=a-lede-package-region®ion=top-news&WT.nav=top-news

Was it legal?

Guest


Guest

ZVUGKTUBM wrote:
Tellthetruth wrote:Obama has set a record three years running on revenue collections. What needs to be done is stop spending on handouts and giveaways. Why do we give money to countries that hate us? Why are we bringing in immigrants who cannot speak the language, have no job skills, no education, and are morally
Opposed to living in a democracy ? If we cannot be policeman for the world as you have said, how can we be the foster parent for the world? We
Can't be bringing in people unready to help pull the wagon and participate in a free market economy from the start of their visa to move here. Trump is correct... Americans first. Quit borrowing money from the Chinese to give to people who hate us and will never assimilate. Europe is the poster child of failed world foster parenting. Just ask them.

This rant really reads like PeeDog plagiarized it from some wingnut blog and very hastily cut and pasted it here without attributing a link. The writing style is too sophisticated for his normal spewing.

You have got to be the stupidest person to wear a set of pilot wings.

Here is your evidence LT.

2013, 2014, 2015 all record levels of federal tax revenues collected. If you had any sense you derelict pilot, you could have looked it up yourself, but you are too lazy.

http://www.usgovernmentrevenue.com/federal_revenue_chart

RECORD LEVELS OF FEDERAL REVENUE COLLECTED!!!!! You had to be a helo pilot by God because I am sure you failed land nav at OCS/TBS given that this information is PUBLIC RECORD and you failed to find it just like you probably failed to find LZ Bluebird at night flying a mission.

And I am sure after raping the American public once again and myself at over 1000 per month in taxes, he will keep setting records on revenue collection and overspending.

Guest


Guest

In 2014 his taxes (Obama) surpassed 3 trillion


In constant 2014 dollars, the $1,104,947,000,000 that the federal government collected from October through February in fiscal 2014 was $90,193,750,000 more than the $1,014,753,250,000 it collected in October through February in fiscal 2013.



The Treasury Department released this month figures showing that federal tax revenue exceeded $3 trillion in fiscal year 2014—the first time revenue surpassed that mark.


Yet the deficit was still almost $500 billion
------------------------------------------------
CNSNews.com) - The federal government raked in a record of approximately $2,446,920,000,000 in tax revenues through the first nine months of fiscal 2015


There you go LT.

Guest


Guest

well now, looks like you liberals need to crawfish, Hillary does the same thing as Trump

http://allenwestrepublic.com/2016/10/02/hillary-rodham-clinton-utilized-same-tax-avoidance-as-trump-to-avoid-paying-some-taxes/

Guest


Guest

2seaoat wrote:Why do we give money to countries that hate us? Why are we bringing in immigrants who cannot speak the language, have no job skills, no education,

A company larger than GE, GM, and Exxon was started in a garage by the son of a Syrian immigrant.......you might want to realize that the dumb asz population in Pace Florida have a mean intelligence which does not allow for innovation and capital creation, rather teat suckers who depend on military service.......America has grown and succeeded not on lazy dullards, but on vibrant immigration which is often called the "brain drain" where America steals the best and brightest from other countries, yet not enough of these intelligent folks have settled in Florida........hell hispanic immigration to Florida would raise the IQ by twenty points.   Going through life stupid and lazy is no way to build a country.....make America great again.....let the immigrants in........

Apple? Jobs wasn't the only founder lying liar.
There were three founders and Steve Jobs was not straight off the boat and out of a Syrian ghetto without education.

https://en.wikipedia.org/wiki/Apple_Inc.

Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell personal computers.[5] It was incorporated as Apple Computer, Inc. in January 1977, and was renamed as Apple Inc. in January 2007 to reflect its shifted focus toward consumer electronics. Apple (NASDAQ: AAPL) joined the Dow Jones Industrial Average in March 2015.[6]

So JOBS was just 1/3 of the founders you liar.  

He was BORN in the USA you lying liar. HE WAS EDUCATED IN THE USA LYING LIAR.
(San Francisco)

Your premise that some Syrian refugee off the boat or plane is going to start up an APPLE style business is so full of caca your eyes are brown.

Jobs is NOT a SYRIAN REFUGEE.

https://en.wikipedia.org/wiki/Steve_Jobs

Like all lying liberals who spin things to their side, you are busted on this one lying liar. You are caught in the lie. That's two busted for lying lies today...you and Z. Both of you have had your hiney spanked..by Wikipedia and the US archives.


There is no comparison to Jobs and the illiterates Obama is spreading throughout the nation. Your analogy is crap, straight up.

Markle

Markle

No answer from the Progressives here.

Was it legal?

I'll add a few others.

Would you have refused to take the loss if it were your tax return?

Have you opted to pay more than you legally owe on your personal tax returns?

For decades there have been tax laws that allowed huge tax write-offs for ordinary people.

In the 80's there was a write-off for equipment, including trucks over a certain weight, that qualified for up to a $30 or $35,000 tax deduction. As it happened, the SUV was hugely popular. I did not and still hate them. I enjoy a really comfortable full-size car.

SUV's are built on truck chassis. Some were over the weight minimum to qualify for the truck deduction. My account called me and told me to buy an SUV. CPA called me (we actually spoke back then) and told me to buy an SUV. I asked why and told him I hate SUV's. He answered and I went out and bought one that afternoon. NO income taxes for several years.

The same thing has happened numerous times since. In the fall of each year, I would meet with my CPA and map out my plan for the coming year.

This changes nothing but keeping the dialog off of important issues. Those who hate Trump will still hate Trump, those who hate Hillary will still hate Hillary and on, and on, and on.

Floridatexan

Floridatexan

Markle wrote:No answer from the Progressives here.

Was it legal?

I'll add a few others.

Would you have refused to take the loss if it were your tax return?

Have you opted to pay more than you legally owe on your personal tax returns?

For decades there have been tax laws that allowed huge tax write-offs for ordinary people.

In the 80's there was a write-off for equipment, including trucks over a certain weight, that qualified for up to a $30 or $35,000 tax deduction.  As it happened, the SUV was hugely popular.  I did not and still hate them.  I enjoy a really comfortable full-size car.

SUV's are built on truck chassis.  Some were over the weight minimum to qualify for the truck deduction.  My account called me and told me to buy an SUV.  CPA called me (we actually spoke back then) and told me to buy an SUV.  I asked why and told him I hate SUV's.  He answered and I went out and bought one that afternoon.  NO income taxes for several years.

The same thing has happened numerous times since.  In the fall of each year, I would meet with my CPA and map out my plan for the coming year.

This changes nothing but keeping the dialog off of important issues.  Those who hate Trump will still hate Trump, those who hate Hillary will still hate Hillary and on, and on, and on.

Nice try, Moosebreath. If nothing else, this discussion points out the glaring disparities in the tax code. But Trump's taxes aren't the only issue, unfortunately for you and your propaganda machine.

2seaoat



Was it legal?

Yes, but it is immoral for him to be proposing elimination of the estate tax which basically his worthless children who have not achieved a thing on their own will get a stepped up basis on all his real estate which has been depreciated to a zero basis allowing Trump to avoid taxes for two decades and then transfer every dime to his children tax free.

The estate tax needs to remain and Hillary's estate tax proposals will pay for 25% more transportation projects while the silver spooners want billions of dollars to be depreciated to a zero basis, and then transfer on death everything with a stepped up basis........it is not illegal now, but we need to shut this down.

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