Maybe Trump Did Cheat

a reply to: Phage

Maybe Planet X is coming...

You sure are full of baseless assumptions these days.

a reply to: Indigo5

Indigo, you know she did the same thing in 2015...

www.breitbart.com...

Won't find it in the MSM....

So what, trump used the rigged system to his advantage..

Hillary&co are the ones who created it.

a reply to: ssenerawa

You saying Hillary wrote the tax code?

originally posted by: Phage
a reply to: dragonridr

They have no clue what there signing

You mean laws, and treaties, and stuff?

I have thought you to be an intelligent, thoughtful, thought-provoking poster all these years. Until now. You can play dumb, naive or partially lobotomized all you want. You know what the poster means, I know what the poster means. The poster knows what he means. Keep playing. But remember, you and everyone else supporting this pretend 2 party system are asking the WRONG questions. Asking a moronic question about treaties and laws when the poster is CLEARLY speaking about TAXES, is my good man, the WRONG question.

But don't let me stop your fun, sir.

Dorian Soran.

originally posted by: Vector99
a reply to: imjack

What does any of that have to do with his salary in 1995? Also, as I said before, and you can look it up if you like here, he didn't receive a bonus in '95. He DID get a $583k SALARY though.

He got 4.8 million for services. They forgave a loan he could have still had in assets. Yes he got a 583k Salary, but it almost sounds like you're trying to play down his gained capital. The point of the bonus isn't hinging on 1995. It's that he regularly gets a bonus. Saying he didn't get a bonus a single year is peanuts, when he got a bonus the year before that, and the year after that. The bonuses are 10x his salary, so please, again explain to me what his salary has to do with that either? He gets 10 years worth of 'Salary' every other year.

The point is he claimed a mere $6,000 dollars, and we know he has a Salary of 583k, and that, that year, he was explicitly just given millions cash, just like every other year, one way or another. Explain the $6,000 if you're so damned smart and know everything, it's the only number in question.

As I mentioned before, the entire point of a bonus is to help a legitimate rich person get through Tax season. If he avoided paying the Tax on ANY bonus, that would be very hypocritical to him receiving one.

His business deals to negotiate bonuses(because they are negotiated) are his main income. Not his Salary. In his negotiation for 1995, considering he lost massive amounts of money, it was probably Trump himself that suggested not receiving a bonus, and negotiated the 3 million dollar loan being equalized instead. The 4.8 million dollar supplement was enough to not take his regular 5 million dollar bonus, and so he basically gets the same thing that year, while appearing to take 'responsibility' for his stock.

a reply to: matafuchs

Indigo, you know she did the same thing in 2015...

Not quite.
www.abovetopsecret.com...

a reply to: raymundoko

You sure are full of baseless assumptions these days.

If you mean by "baseless", based on evidence, you are correct.

I don't think reasonable people will fault Trump for legally utilizing the tax code to his advantage. We all do that.

However, if he is under-reporting income illegally, he's a crook. That will matter.

originally posted by: Greggers
I don't think reasonable people will fault Trump for legally utilizing the tax code to his advantage. We all do that.

However, if he is under-reporting income illegally, he's a crook. That will matter.

Yes, I agree.

We all know about "shady legal" - - which can be annoying and make your blood boil - - but, you can't do anything about it.

But, what's really legal and what's not?

The "cat's outta the bag" - - its not going back in. The future could be interesting.

a reply to: Phage

Every year when I do my taxes I think how can I pay more so everyone else can have my money. Yep. The liberal mentality. It's called deductions and using the tax code to benefit yourself, we all do it.

a reply to: staticfl

It's called deductions and using the tax code to benefit yourself, we all do it.

Do you not report personal income? That's not legal.


Did you read the OP?

originally posted by: matafuchs
a reply to: Indigo5

Indigo, you know she did the same thing in 2015...

www.breitbart.com...

Won't find it in the MSM....

NOPE...She experienced capital gains loss ...Loss from portfolio investments..That LIMITS her to a 3K deduction carry-over.

TRUMP borrowed money to build his casino's, defaulted on that debt via bankruptcy and then claimed the full 900M as an income LOSS...which can be carried over without limitation of time or amount.

Page 17 of the tax returns show “Capital Gains and Losses” for “WILLIAM J CLINTON & HILLARY RODHAM CLINTON.”

The Clintons reported a “Long-term capital loss carryover” of $699,540.

Thus, the Clintons reported a “Net long-term capital gain or (loss)” of “-699,540.”

IRS

8.If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.

www.irs.gov...

Here we see the carry over of 3K

They made another $109,000 in interest and dividends, and claimed $3,000 in capital losses carried over from prior years.

money.cnn.com...

So Trump declared an INCOME LOSS of 900M, despite that being mostly his banks and investors loss since he didn't pay them back in bankruptcy...and used that 900M to wipe clean anything he owed for decades..

While Hillary Had an investment CAPITAL GAINS loss of 700k...which afforded her to take only a 3K deduction carry-over.

You are comparing apples to a zombie bunny.

originally posted by: staticfl
a reply to: Phage

Every year when I do my taxes I think how can I pay more so everyone else can have my money. Yep. The liberal mentality. It's called deductions and using the tax code to benefit yourself, we all do it.

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

Then declared the 900M as an income loss so that he wouldn't ever have to pay taxes again.

Legal?...Yes, it was a loop-hole for the real estate lobby.

Ethical?...cheating investors, banks and taxpayers who pick up his tab...for nearly a Billion dollars.

meh, who cares about tax returns at this stage of the race. There are bigger things to worry about.

originally posted by: Bloodydagger
meh, who cares about tax returns at this stage of the race. There are bigger things to worry about.

Hillary going to jail would be devastating and scary for our country with a Trump sweep.

Maybe the best ticket out would be hoping they both go to Jail if you're so at 'war' with the 'libs'.

All I'm saying is it would be shocking if Hillary was prosecuted, but seeing as that's the only way she's losing to Trump, it might actually secretly be war at this point anyway.

It oddly would be kind of funny if they both ended up being taken to jail, verses the narrative that you push everyday that Clinton will be locked up and the key thrown out, and the Republicans will run the country because(waving fingers) 'thats just how we do'. The main reason this is so disturbing, is because you normally target random everyday individuals with this aggressive narrative, and the 'normal' person hates them both.

While they have no time to participate in your theater warfare and play your version of a Democrat, that's essentially oversimplified to a bureaucratic social justice warrior, they do normally try to express real concerns about the Republican party, and it's always thrown ultimately in their face that they're probably this other secondary opposition, and there is no way they could have a fundamental opinion that isn't a basic shill.

As someone who supports the Republican party, and hopes every year a genius will step in, like they occasionally do, lately they've been failures. I'd rather have Romney than Trump if it was an option, your party has been taken hostage by the preliminary corrupt democrats voting Trump.

Good! Everyone needs to "cheat" and resist the thieving taxation system as much as possible. If I was a billionaire, you can bet your butt I would be hiding as much of my assets offshore and elsewhere as much as possible. I would have an army of accountants, doing everything they can to keep as much money away from the federal cartel as possible.

We are being taxed without representation, and the vast majority of our money is being used for murder and conquest. Massive amounts of our stolen money is also just flushed right down the toilet.

The political ruling class games the tax code, and they game us with insider techniques that most of us probably are unaware of.

I have never understood people that want to increase taxes. We know what they do with it, so why would we support increasing them?

The current iteration of government does not deserve a single dime from any of us.

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.

Honest question to everyone.

If Trump were to release his tax return for this year in the next couple weeks, would that be enough to satisfy people?

Or do you think he needs to release his returns going back more years, like all the way to 1995 or whenever these returns released by the New York Times were from.

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.

Yes you have it straight. It's quark in the law resulting from a powerful real estate lobby.

In the early 1990s, Congress enacted a special carve-out that largely allows only those who qualify as “real estate professionals”—characterized as spending 750 hours a year in real-estate businesses and rentals in which one materially participates—to take unlimited deductions against other income.

prospect.org...

So he LOST the money, but it was mostly investors Money.

Trump declares bankruptcy absolving him of having to pay back the money.

Investors take the write-off as bad debt..

Trump declares the full loss (money he owed but got-off on paying through bankruptcy) on his tax returns..

And due to a loop-hole put in by the real-estate lobby...The carry forward has no limits of time or amount.

Comparably Clinton lost nearly 700k in personal investments in 2014, but in 2014 and 2015 was only able to deduct the maximum of 3K in losses.

Also see here

So while Trump made money at every turn, the banks that lent him money, the workers and small businesses who delivered for Trump, and the investors in his casino company all got stiffed. And while they paid taxes on whatever income they did manage to collect, Trump enjoyed at least $916 million of tax-free income.

www.thedailybeast.com...