Bombshell report on Trump taxes sends GOP nominee reeling

What laws?

 

What's that? Another insult? You've proven yourself to be nothing more than an immature partisan hack. I've never been on Reddit, so how would I know that this article is taken from Reddit when nothing on the article mentions Reddit? And how do you know Redditers didn't pull it from this?

 

What's that? Another insult? You've proven yourself to be nothing more than an immature partisan hack. I've never been on Reddit, so how would I know that this article is taken from Reddit when nothing on the article mentions Reddit? And how do you know Redditers didn't pull it from this?

In terms of what he owed in taxes, yes it is the same. He used LEGAL means to lower his tax liability...he paid what he owed. If he owed nothing, he owed nothing. You just don't like that fact. Get over it or call and pressure your congressman to change the tax laws.

 

Coincidentally, our population is as high as it ever has been. Population will be larger tomorrow.

Well 2 wars, the Great Recession, and Baby Boomers will do that to a budget.

I am not denying that. I am saying it makes him look like hypocrite to complain about the debt.

 

It is qualitatively and quantitatively different.

You paid federal income taxes, presumably.

I pay federal income taxes.

The Clintons pay federal income tax.

Trump does not.

Now run to whatever awful Trump clown site you can find and please copy paste the consensus best available comeback.

 

I can't really see how Trump has a worse week than last week, which is at least one bright side for his supporters.

 

no everyone buys into the media's propaganda.

 

RL take off the Trump blinders for about 30 minutes, and just objectively read what he has been doing. Don't try to spin it, take it for face value. You'll see these news stories are not propaganda. Trump has made several major missteps last week. He squandered any bounce from Hillary's godawful week earlier in September. The 3AM Twitter rant may have been the straw that broke the camel's back for his campaign as odd as that may be.

 

What does any of that have to with policies? The media is distracting us with none issues. MSM knows they can't hit Trump with previous work as politicians so they try to hit his character. I don't care if he called someone fat 20 years ago. I JUST DON'T CARE.

 

It's not the media distracting us, it's the Donald. He's the one sending the crap out into the public. He's the candidate and it's what he's been talking about. The media is just covering it.

 

So Trump hasn't paid for any of the health care for veterans, the wars, the military he supposedly supports, the infrastructure repairs, education, or any of that. All of us non-millionaires have presumably chipped in for that stuff with our taxes.

We don't actually know that what he did with the taxes was legal. That's probably why he gets audited. Maybe once the audits are done we'll find out if he actually broke the law or not.

 

@RocketsLegend I get that you have poured thousands of hours into supporting Trump and you have become incredibly invested in his success. Even if his success means nothing more to you than a validation to be anti-PC. But it's more than Trump calling someone fat. Trump has no policies besides the wall which he says he will make Mexico pay for and gutting estate taxes which will save his children potentially billions. Everything else is empty rhetoric. He cannot bring back the industry to the US workers because the robots have taken those jobs. He cannot impose a 20% tariff without pushing us into a global depression. He cannot shoot up an Iranian boat and not expect to start a major war. He cannot arm Japan and Vietnam with nuclear weapons and expect the world will be just fine. He cannot make America Great Again, because it has always been getting better.

Aside from policies, Trump has shown time and time again he has a godawful character. He is definitely not a conservative as others like @Bobbythegreat can attest. He comes from wealth and he has no idea what it means to be a regular person. It's why he does not care if he puts his name on a for profit university who ripped off thousands. It's why he perseverated on Obama being from Kenya for years. It's why he was willing to go on a Twitter rant a 3AM to tell people to look up a sex tape. The guy has always been told he is right and the best, whether or not it was true. He now promotes conservative values because it is politically beneficial. Above everything, he believes he is the most deserving of being president.

But he may now be realizing that he has no clothes. Many around the country already see it, especially after this week.

The conservative Wall-Street Journal has come around on this.

http://www.wsj.com/articles/hillary-hatred-derangement-syndrome-1475192121
Hillary-Hatred Derangement Syndrome
She alone stands between America and the reign of the most unstable, unfit president in U.S. history.
Sept. 29, 2016 7:35 p.m. ET
Hillary Clinton at the University of New Hampshire in Durham, N.H., Sept. 28.Photo: Zuma Press

There were cheers when Donald Trump assured his Virginia audience last weekend that the wall will be built and, yes, that Mexico would pay for it. But the cheers lacked the roaring ecstasy his promise used to evoke at rallies. No one has the heart, by now, to pretend that such a wall will actually be built, but that’s all right with Mr. Trump’s dauntless fans, who can find plenty of other reasons for their faith in him. The NeverTrump forces, appalled at the prospect of a Trump presidency, are no less passionate.
The NeverHillary forces are another matter entirely—citizens well aware of the darker aspects of Donald Trump’s character but who have nonetheless concluded that they should give him their vote. They are aware of his casual disregard for truth, his self-obsession, his ignorance, his ingrained vindictiveness. Not even the first presidential debate, which saw him erupt into a snarling aside about Rosie O’Donnell, could loosen his hold on that visceral drive to inflict payback, in this case over a feud 10 years old.

The NeverHillary forces are aware, too, of his grandiosity—his announcement that he knows more about Islamic State than any of America’s generals will long be remembered—his impulse-driven character, his insatiable need for applause, the head-turning effect on him of an approving word from Vladimir Putin. The Russian leader’s compliment late last year was of the mildest kind—he referred to Mr. Trump as “talented” and “colorful”—but it was enough to make the candidate’s heart go pitter-patter with gratitude and engender instant expressions of his faith in Mr. Putin’s integrity and leadership. As Mr. Trump himself has explained, “if he says nice things about me, I’m going to say nice things about him.”

Such are the values that drive the Republican candidate’s judgment—a fact interesting to contemplate as one imagines a President Trump dealing with international conflict and rogue heads of state. Still Mr. Trump is now the choice of voters who have concluded that of the two flawed contenders running, he would be far preferable.

Yes, he may be rough around the edges, but he’s a fresh force, the argument goes, unlike the establishment war horse, Mrs. Clinton, with her history of scandal and rumors thereof, and her decades in politics. Mr. Trump is the dynamo who will blow up the old order. He’s authentic, a man with the courage of his convictions.

Mr. Trump has not, of course, shown himself notably reliable as regards the courage of his convictions. It’s by now impossible to count the number of times and ways in which he’s sidled away from his grand plans on immigration, that promise to deport everyone here illegally, not to mention his proposal to institute a total block on Muslim immigration “till we figure things out.” He’s proffered no less than three different views on abortion, one of which called for “at least some punishment” for the woman involved—quickly changed to wait, no, it should be the doctor.

Still, it was the view of Donald Trump as a fearless foe of liberal piety, that image of him as an outsider, untainted by experience in government—itself one of the more remarkable boasts of any presidential campaign in memory—that persuaded so many Americans he is the leader the country needs. As opposed, that is, to Mrs. Clinton—the educated former secretary of state, with lengthy experience in government.

Equally remarkable, even for a change election, that experience, those years of education in national security somehow rank high on the list of defects the anti-Hillary brigades find so objectionable. Here is a flaw apparently even more rankling than her email server history, the questions about Benghazi, or the Clinton Foundation: She offers nothing of Mr. Trump’s aura of free-swinging dynamism, not to mention a mind blissfully uncluttered by facts, knowledge of geopolitical realities, and the like.

Mrs. Clinton hasn’t failed to provide, on her own, cause for concern about her own proclivities and never more intolerably than in that debate Monday when she chose to ramble on, familiarly, about institutional racism, which invariably emerges in her responses on conflagration involving police action. Americans have a right to cringe at this reflexive, factually distorted, and inflammatory sermonizing. The accompanying, deep felt tribute to the police and their heroism, invariably added, can never offset the insidiousness of these messages.

Even so, such proclivities pale next to the occasion for cringing that would come with a Trump presidency. No one witnessing Mr. Trump’s primary race—his accumulation of Alt-Right cheerleaders, white supremacists and swastika devotees—could fail to notice the menacing tone and the bitterness that came with it.

Not for nothing did the Democrats bring off a triumph of a convention, alive with cheer, not to mention its two visitors whose story would lift countless American hearts. They were, of course, the Muslim couple Khizr and Ghazala Khan, whose son, Capt. Humayun Khan—brought here as a child—died in Iraq in 2004, saving his men from an explosive-rigged car.

His countrymen now go streaming to his grave at Arlington National Cemetery to leave notes and flowers. He reminded us of who we are—the nation that takes its newcomers and transforms them into Americans. After 9/11, Capt. Khan, American, could scarcely wait to serve his country. The national response to the Khans injected a sense of unity and affirmation, however brief, into an atmosphere of embittering divisiveness.

The end of the election is now in sight. Some among the anti-Hillary brigades have decided, in deference to their exquisite sensibilities, to stay at home on Election Day, rather than vote for Mrs. Clinton. But most Americans will soon make their choice. It will be either Mr. Trump or Mrs. Clinton—experienced, forward-looking, indomitably determined and eminently sane. Her election alone is what stands between the American nation and the reign of the most unstable, proudly uninformed, psychologically unfit president ever to enter the White House.

Ms. Rabinowitz is a member of the Journal’s editorial board.

 

We don't need to rely on propaganda when we have Trump's own words. Consider yourself utterly destroyed:

https://www.yahoo.com/finance/news/10-times-donald-trump-bad-183008906.html

 

You do realize that zero hedge is a conspiracy theory site right?

 

Oh man, that pretty much ends that line of argument.

 

BECAUSE THE TAX LAWS DON'T REQUIRE HIM TO!!!!

He chose to do what every American does...takes advantage of the tax laws to their advantage. Did Clinton not use the same type of "scheme?" ie Did she not use past losses to forgive some of her future tax liabilities????

 

I knew it sounded familiar. I actually googled it before I posted, but then got distracted on a phone call and just hit reply without checking, haha.

Is this information incorrect? I don't believe it is. Source shouldn't matter if the intel if legit.

 

$916 million? Trump sucks ass at business and gets government handouts in return. Just another orange welfare king. . . .

 

Tax laws are anything but straight forward. They are complex and can be subjective. There are Americans that are aware of the tax laws, can take advantages of them and chooses not to, either out of their own ethnics or are too afraid to get in trouble. I wouldn't doubt that this thought related to tax went through their mind at some point - "so many things you can do, so many ways to go to jail". But for most American, taxes are very simple and straight forward. For some, they can be complex, but I'm thinking most of them went the "clean route" - I can take a good guess at this by looking at the fairly low audit rate for those making over $10M.

Until Trump releases that 1995 tax return (what's shown was just a few pages and does not include "statement 1" showing the loss of $909 Million) and his last 20-30 years of returns, we really don't know what methods he used to claim that huge loss. Most folks are focusing on his avoidance of taxes for years due to that huge loss (which by the way, is an assumption that might be wrong). I don't personally care much about that. I care about how he claim that (and presumably future) loss - that tell me if he has a real loss or was gaming the system. And one year of tax return isn't likely enough to know what methods he is using.

But we do have some clues.
a- He refuses to release his returns. We now know he likely didn't pay taxes for decades so there is not a need to hide that. If he still refuses to release his returns, we could assume it's more than just not paying his taxes, but the how and maybe other things in more recent times.
b- Trump said he has been and always will be under continuous audit. If you take his word literally, he's not just taking advantage of tax laws, he's pushing the boundary of it. Being always under audit is not normal.
c- He stated he's the king of debt. Debt parking is one way to avoid tax. It's possible, for example, that the nearly $1B loss is due to debt (and is not a real loss to him).

The "he didn't pay tax" is an easy catchy headline and apparently both sides are caught up in it. But I think the real potential story and investigation to be had is missing now and might be coming later.

 

Trump also said he has a legal responsibility to min tax payments for his shareholders. This doesn't hold up:

1- He doesn't have public shareholders since his companies aren't public. What he's doing is for himself.

2- There is no legal responsibility to min tax payments. Just simply not true.

3- Min tax payments is a choice weighted against being lawful and ethical. Very few individuals, private and public companies choose to push the boundary to the point of being continuously audit. Some rather pay their 'fair' share for ethical reasons.