Maybe Trump Did Cheat

originally posted by: Phage
a reply to: Teikiatsu

And how do those construction workers get paid?

In this case, by government contracts.

That's how their company lands a construction job, not how they get paid. Where does the money come from?

Not a trick question. Why do we have roads and bridges? What are they used for?

Surf contests?

Yes, that's exactly what every single vehicle we see is using a road for. Bravo.

Most of the time, why do you use a road? Where do most people drive Mondays through Fridays?

originally posted by: Greggers

originally posted by: Teikiatsu


What is the purpose of infrastructure? Why do we have roads and bridges?

So I can go on vacation?

That's one option. How do you afford the vacation?

originally posted by: Teikiatsu


That's how their company lands a construction job, not how they get paid. Where does the money come from?

My taxes. You're welcome.

Yes, that's exactly what every single vehicle we see is using a road for. Bravo.

Hey! Are you saying I can't go on vacation? WTF?

originally posted by: Teikiatsu

Not a trick question. Why do we have roads and bridges? What are they used for?

Surf contests?

Yes, that's exactly what every single vehicle we see is using a road for. Bravo.

Most of the time, why do you use a road? Where do most people drive Mondays through Fridays?

Texas?

originally posted by: Teikiatsu

originally posted by: Greggers

originally posted by: Teikiatsu


What is the purpose of infrastructure? Why do we have roads and bridges?

So I can go on vacation?

That's one option. How do you afford the vacation?

I'm not planning to pay for it.

originally posted by: imjack

originally posted by: Teikiatsu

originally posted by: Phage
a reply to: Teikiatsu

And how do those construction workers get paid?

In this case, by government contracts.

That's how their company lands a construction job, not how they get paid. Where does the money come from?

Not a trick question. Why do we have roads and bridges? What are they used for?

Surf contests?

Yes, that's exactly what every single vehicle we see is using a road for. Bravo.

Most of the time, why do you use a road? Where do most people drive Mondays through Fridays?

Texas?

Made me LOL.

originally posted by: Greggers

originally posted by: burgerbuddy

originally posted by: Greggers

originally posted by: Indigo5


He borrowed almost 900M...declared bankruptcy and defaulted on paying that back to those investors and banks.

So let me get this straight. He claimed a LOSS on an enormous amount of money that he never actually LOST? As in, due to his bankruptcy, the banks and investors actually lost.

Did the investors and the banks ALSO write this off? I would think they did.

How can a single loss get claimed in its entirety by multiple people?

If that's legal, it's broken as hell.

I'm going off memory with this and paraphrasing while giving the short version.

The law was changed to where investors could not write off losses as secondary investors to a company if it went south.

Thusly, all the investors pulled their monies leaving Trump holding the bag.

Atlantic City was getting not so casino friendly. Lots of others took a bath too.

He filed CH 11 and took the loss.

Doesn't seem like everyone lost but him.

I'm just trying to understand this.

When you said they "left Trump holding the bag," define "the bag."

To me, the bag sounds like "stuff he owes other people."

So, when he declared CH11, whoever he owed got stiffed. Which is all fine and well (that's why bankruptcy exists), but to turn around and allow him to declare money he never paid back... that seems insane.

It's CH 11, not 7.

A reorganization of funds.

People get paid, altho it could be not the full amount.

Your contract with the casino is for total completion of work.

It's like getting paid everyday then the place goes under. No guarantee for a full weeks pay.

Trump takes on the balance and lawsuits, etc. That's involved in the loss column too.

I am not a tax lawyer, lol, wish I was.

The guy turned it around with existing laws and went on to hire and employ 1000's of people.

Business ventures are no guarantee of success.

Besides, the venture capital investors know all that.

I've been cancelled last minute for catering after buying the foods, it sucks and my stock doesn't last as long as concrete.

Fortunately, I get a deposit to cover it. So it goes on special. I get more profit % from that food. So these "stiffed" contractors are not really getting "stiffed" in the long run if they have any biz sense at all.


That's my take on it.

OK, I'll bite to get rid of this ridiculous line of reasoning. I get my money from welfare because the ultrarich insurance company, which in no way sounds like Canyoufife, decreed(which what it was) that I could work when everyone and their dog, oh and my doctor as well, said I was permanently disabled. How's that trickle down now? To me it smells of uric acid.

a reply to: Teikiatsu

Where does the money come from?

Taxes.

originally posted by: burgerbuddy

originally posted by: Greggers

originally posted by: burgerbuddy

originally posted by: Greggers

originally posted by: Indigo5


He borrowed almost 900M...declared bankruptcy and defaulted on paying that back to those investors and banks.

So let me get this straight. He claimed a LOSS on an enormous amount of money that he never actually LOST? As in, due to his bankruptcy, the banks and investors actually lost.

Did the investors and the banks ALSO write this off? I would think they did.

How can a single loss get claimed in its entirety by multiple people?

If that's legal, it's broken as hell.

I'm going off memory with this and paraphrasing while giving the short version.

The law was changed to where investors could not write off losses as secondary investors to a company if it went south.

Thusly, all the investors pulled their monies leaving Trump holding the bag.

Atlantic City was getting not so casino friendly. Lots of others took a bath too.

He filed CH 11 and took the loss.

Doesn't seem like everyone lost but him.

I'm just trying to understand this.

When you said they "left Trump holding the bag," define "the bag."

To me, the bag sounds like "stuff he owes other people."

So, when he declared CH11, whoever he owed got stiffed. Which is all fine and well (that's why bankruptcy exists), but to turn around and allow him to declare money he never paid back... that seems insane.

It's CH 11, not 7.

A reorganization of funds.

People get paid, altho it could be not the full amount.

Your contract with the casino is for total completion of work.

It's like getting paid everyday then the place goes under. No guarantee for a full weeks pay.

Trump takes on the balance and lawsuits, etc. That's involved in the loss column too.

I am not a tax lawyer, lol, wish I was.

The guy turned it around with existing laws and went on to hire and employ 1000's of people.

Business ventures are no guarantee of success.

Besides, the venture capital investors know all that.

I've been cancelled last minute for catering after buying the foods, it sucks and my stock doesn't last as long as concrete.

Fortunately, I get a deposit to cover it. So it goes on special. I get more profit % from that food. So these "stiffed" contractors are not really getting "stiffed" in the long run if they have any biz sense at all.


That's my take on it.

I'm okay with letting him claim a loss on the stuff he actually had to pay -- on his ACTUAL losses.

a reply to: intrepid

What I don't get is the code that allows the rich to be poor businessmen. He loses a billion(in casinos no less). He's credited that billion over 18 years. I'd wager Guiseppie's Pizza doesn't get that perk.

Guiseppie's Pizza gets the same kind of perk.

Any losses can be carried forward into subsequent taxation years.

In the case of someone like Trump who has six thousand different businesses on the go with various different types of operations happening and a multitude of "arms length" relations going on between Trump and his businesses, the guy can practically write-off the underwear that's sticking to the crack of his ass under "personal business expense".

Guiseppe on the other hand, is only able to claim personal income, personal losses, and personal expenses on things related to his one and only ongoing pizza business.





As to whether or not Trumpy-poo has "understated" his income in 1995 ?

It's impossible to speculate on just a lousy couple of pages from one year's tax return... there could be a bajillion different scenarios that come into play for that year, the prior years, and the following subsequent years.

Deferred this, carried forward that, blah blah blah.

Who the hell knows.

I'm sure the IRS will figure it all out, eventually.





In the meantime, the media and the rest of the lemmings are having a hayday turning this all into a neverending daytime soap opera running sitcom enterprise.

originally posted by: intrepid
OK, I'll bite to get rid of this ridiculous line of reasoning. I get my money from welfare because the ultrarich insurance company, which in no way sounds like Canyoufife, decreed(which what it was) that I could work when everyone and their dog, oh and my doctor as well, said I was permanently disabled. How's that trickle down now? To me it smells of uric acid.

Definitely bitter. To tangent, how exactly is this insurance company's douchebaggery a global indictment on the manner in which money exchanges between private citizens and companies in exchange for goods and services?

a reply to: CranialSponge

It's impossible to speculate on just a lousy couple of pages from one year's tax return... there could be a bajillion different scenarios that come into play for that year, the prior years, and the following subsequent years.

Actually, when it comes to salaries and wages, there aren't all that many scenarios.

All he has to do is release his returns to ease our worried minds.

a reply to: Teikiatsu

You asked the question, I answered. WTF is your point finally?

originally posted by: Phage
a reply to: Teikiatsu

Where does the money come from?

Taxes.

Correct. I'll fast forward a bit. The taxes are raised by people spending and/or earning money. That money comes from commerce. Either a person spends money and it gets taxed, or a person earns money by creating a good or performing a service that is purchased.

How did the workers get to their jobs? How did the customer who purchase the good or service get that purchase to their home or other location? How did the company receive their raw materials to produce the good or service?

Hint: this ties back to my first question on this thread.

a reply to: Teikiatsu

Yeah. I know. If Trump pays less in taxes it's better for everybody.

I've heard the rap.

originally posted by: Teikiatsu

originally posted by: Phage
a reply to: Teikiatsu

Where does the money come from?

Taxes.

Correct. I'll fast forward a bit. The taxes are raised by people spending and/or earning money. That money comes from commerce. Either a person spends money and it gets taxed, or a person earns money by creating a good or performing a service that is purchased.

How did the workers get to their jobs? How did the customer who purchase the good or service get that purchase to their home or other location? How did the company receive their raw materials to produce the good or service?

Hint: this ties back to my first question on this thread.

Just for the record, I'm pretty sure everyone knows the answers to all these questions. Are you actually planning to make a point? I mean, is there a thesis statement here somewhere?

originally posted by: Phage
a reply to: Teikiatsu

Yeah. I know. If Trump pays less in taxes it's better for everybody.

I've heard the rap.

I hope that's not his thesis....

originally posted by: intrepid
a reply to: Teikiatsu

You asked the question, I answered. WTF is your point finally?

Well your current situation is not the optimal situation, but when you had a job you were paid in exchange for your labor. Someone found the good or service you provided to be worth paying for. They spent their money for that good or service. This second person had money because they had a job which earned money from a third person. And so on and so on.

That's basic economics/capitalism. That's trickle down. It's not the cronyism you have mistakenly associated with basic commerce.

Now however, you appear to be drawing welfare which is funded by taxes that are pulled from basic capitalism. So I'm not sure why you have such a problem.

originally posted by: Phage
a reply to: Teikiatsu

Yeah. I know. If Trump pays less in taxes it's better for everybody.

I've heard the rap.

Deflection, check.