View Full Version : It is inappropriate.....
gimmethesimplelife
9-29-20, 12:13pm
For Trump to continue as President given his vast wealth and his unwillingness to pay fair taxes. As a resident of the 85006 I PAY MORE INCOME TAX THAN HE DOES!!! Someone please explain to me how this is acceptable and/or excusable?
You are if course free to see this as you choose - but the 85006 deserves non'-tax dodging leadership. Of course we will be voting accordingly. Rob
The New York Times reported that he paid an average of $1.4M per year between 2000 and 2017. https://www.nytimes.com/2020/09/27/us/trump-taxes-takeaways.html
As a resident of the 85006 I PAY MORE INCOME TAX THAN HE DOES!!!
You must be very successful. Congratulations!
gimmethesimplelife
9-29-20, 12:32pm
The New York Times reported that he paid an average of $1.4M per year between 2000 and 2017. https://www.nytimes.com/2020/09/27/us/trump-taxes-takeaways.htmlWhat's been leaked is much lower numbers for recent years. Rob
What's been leaked is much lower numbers for recent years. RobThe story I linked to is the leak. Where are you hearing otherwise?
gimmethesimplelife
9-29-20, 12:37pm
The New York Times reported that he paid an average of $1.4M per year between 2000 and 2017. https://www.nytimes.com/2020/09/27/us/trump-taxes-takeaways.htmlIt doesn
You must be very successful. Congratulations![/COLOR]Hmmmm.....no, not really. Just make over the non-taxable threshold and you're paying more than Donald Trump and last year with much lower income, I paid more than $750. It doesn't take much to psy more than Donald Trump does in taxes. No wonder he tried so hard to block his taxes from the public eye! What a horribly evil and despicable piece of work. Soon to be an unfortunate asterik in American history. Rob
gimmethesimplelife
9-29-20, 12:39pm
The story I linked to is the leak. Where are you hearing otherwise?Google Trump's taxes show years of tax avoidance for the truth. Rob
Google Trump's taxes show years of tax avoidance for the truth. RobI did just that to see what you were talking about. That's how I came upon the Times story that all the other speculation stems from. Can you direct me to something more specific?
For Trump to continue as President given his vast wealth and his unwillingness to pay fair taxes.
You seem to be jumping to some conclusions.
Reading through the recent release of his tax information, what specific things do you see that did he did that were illegal? The simple ability to have sizeable wealth and end up not paying huge taxes is not illegal, or even incorrect - it depends on the specific details of the income and expenses for that tax year.
I arrange my own affairs so that I only pay income tax one year out of three or so. It is a simple matter of not having taxable income on the bottom line.
I also suspect that I, and some of the other members here, may have a higher net worth than Trump, as the bits of the revealed information I have glanced at reveal the story of a financial enterprise built on burning cash in giant pyres, while gathering up the next pile to burn. House-of-flaming-cards.
Why doesn’t the Times simply publish the pilfered documents in their unspun entirety rather than provide selected “highlights”?
The tax system as it is now is what allows all these manipulations to continue. I haven't fact checked it buy I believe many large corporations and wealthy individuals pay very little tax relative to their income. The can also afford to pay clever tax attorneys to figure out how.
The tax system as it is now is what allows all these manipulations to continue.
What specific "manipulations"?
I haven't fact checked it buy I believe many large corporations and wealthy individuals pay very little tax relative to their income.
Gross income, or net income? What's the difference? Should there be one?
The can also afford to pay clever tax attorneys to figure out how.
I've been looking for 25 years for these magic "clever" tricks, and some years I have written checks to the IRS for 7 figure sums. Nobody I have found knows anything especially magically clever. What are the magic tricks?
I think that ultimately this will prove to be another in a long line of “bombshells” that failed to detonate. At this point, I believe most voters (the most partisan zealots excepted) will base their decision on his performance in office rather than his federal tax liability in 2014.
frugal-one
9-29-20, 3:36pm
I remember reading once that Warren Buffett thought the tax system in the US was terrible because he paid less taxes than his secretary... based on all the loopholes in the tax laws.
Do have to say that the one deduction trump took for $70,000 in one year for getting his hair done was a bit over the top.
I remember reading once that Warren Buffett thought the tax system in the US was terrible because he paid less taxes than his secretary... based on all the loopholes in the tax laws.
Which loopholes?
Do have to say that the one deduction trump took for $70,000 in one year for getting his hair done was a bit over the top.
To you or me, sure. For an actor, doesn't seem out of line.
I remember reading once that Warren Buffett thought the tax system in the US was terrible because he paid less taxes than his secretary... based on all the loopholes in the tax laws.
I agree--it's really the tax code I object to. If Trump's filing is legal, it's legal. But it seems very unfair.
ApatheticNoMore
9-29-20, 3:50pm
Trump's debt is the bigger story, how is he gonna pay it, is it a conflict of interest between that and running the country well lol (sure seems a conflict of interest, perhaps even explaining why Trump does such a bad job of it, although there are plenty of other explanations for that).
I’m curious why he put off releasing them for so many years? Is it just his ego about carrying debt?
I’m curious why he put off releasing them for so many years? Is it just his ego about carrying debt?
I think it reveals the picture of a fellow who is just a grifter and inept huckster. I suspect this sort of detailed knowledge would interfere with his ability to "do deals" in the business world, and impact his "profits" and options in the future.
His whole gold-plated image is a house of cards. I agree that the important question is who he owes the four hundred twenty million dollars to. Attorney Andrew Weissman, of the Mueller probe, thinks it's the Russians. As Nancy Pelosi famously opined re Trump, "With him, all roads lead to Putin."
It's one thing if someone believes the government is inept, minimizes their tax liability, and then uses their wealth to help others through a foundation. Trump is the opposite. He used his charity to benefit himself, buy a fancy portrait of himself, etc.
I would imagine Bloomberg tried to minimize his taxes, but he has actually put some of his money to good use, most recently paying off fines and restitution for ex offenders in Florida so they can vote.
I would imagine Bloomberg tried to minimize his taxes, but he has actually put some of his money to good use, most recently paying off fines and restitution for ex offenders in Florida so they can vote.
Has he actually done that? I understand it's illegal to buy votes.
ApatheticNoMore
9-29-20, 9:02pm
Well time to watch these uninspiring at best folks (ok trump is loathsome and biden horribly uninspiring) on the corporate entity given exclu$ive right$ to cover it. Why is this not on public television or c-span? So corrupt.
Teacher Terry
9-29-20, 9:11pm
Originally felons didn’t have to pay restitution first but it was put into effect to stop them from voting. Bloomberg solves the problem and doesn’t know who these people will vote for.
It will also be curious to see what comes of the fact that trump apparently paid ivanka $750k in consulting fees for hotel projects at a time when she was on staff already and then deducted it as a business expense. At first glance that would seem to be a way to illegally avoid the gift tax.
Originally felons didn’t have to pay restitution first but it was put into effect to stop them from voting.
I guess that depends upon your definition of "originally" because in Florida felons couldn't vote at all until 2018 when the legislature reinstated voting rights to felons once they had served their sentences including parole and probation. Under that legislation felons convicted of murder and sexual offenses were excluded. Then in 2019 the legislature amended the law to include the requirement of payment of all fees they owe regarding their cases. The voting rights of felons convicted of murder or sexual offenses remained restricted under the newer legislation.
What Mr Bloomberg has done is to effectively nullify the amended law by relieving the majority of felons of their state mandated requirement to compensate the state or locality. My guess is he knows the odds of achieving a political benefit during the upcoming election are on his side. I think his intentions are obvious since he hasn't mentioned maintaining his magnanimity after the election.
It was t the legislature that restored voting rights. It was a referendum that voters approved. And the referendum states that they had to complete their sentence including probation. It didn’t say that they had to also pay court fees. The legislature implemented that afterwards in an effort to thwart the will of the voters.
It was t the legislature that restored voting rights. That's correct, I mispoke.
The legislature implemented that afterwards in an effort to thwart the will of the voters. Or perhaps to incentivize felons to pay their fees, they never said felons couldn't vote, just that they had to pay their court ordered fees first. It actually occurs to me that the requirement to pay mandated fees should have been a part of the termination of their probation or parole which was a requirement of the voter referendum.
But it wasn’t so the republicans implemented a modern day poll tax and had a partisan stranglehold on the courts to get it upheld. Because that’s their style. And they don’t acknowledge that the court fees are an ongoing attempt to keep poor people down. Ferguson missouri is a prime example of the punitive nature of that. Florida is just as bad.
Teacher Terry
9-29-20, 10:57pm
The state was not deprived of it’s fees. If money is the real issue it shouldn’t matter where it comes from. No one is stupid enough to believe that however.
If money is the real issue it shouldn’t matter where it comes from. That's an interesting take. If someone is sentenced to 30 days in jail for a misdemeanor violation, does it matter who serves it?
The tax code is made to support wealth...I call it corporate welfare or as I heard the other day corporate socialism...not sure about that. The goal is to keep wealth in the hands of the wealthy and reduce their tax liability in the hopes that they will do the right things with that mass of money they saved. I know many people use the tax code, it is legal and it may help some other people than the wealthy and powerful, but seeing what this president has done just reinforces my belief that it is NOT a good system.
frugal-one
9-30-20, 4:03pm
Which loopholes?
.
Don't remember him saying. You could look it up if it matters to you.
That's an interesting take. If someone is sentenced to 30 days in jail for a misdemeanor violation, does it matter who serves it?
If you're drafted to fight in the Civil War can you pay a substitute to go in your place?
If you're drafted to fight in the Civil War can you pay a substitute to go in your place?Not anymore.
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