Maybe Trump Did Cheat

originally posted by: Grambler
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.

No one will be satisfied. His supporters will still support him and his opponents will remain just that...no matter how bad the returns are.

Honestly, at this stage of the game we near final in the numbers. Hillary +6 general election, squeaking up in the swing states and the no-toss-up map has the electoral college at 322 to 216 in Clinton's favor and I think that map is being generous to Trump.

Wow Phage its weird to see you in this kind of thread. ATS is so strange lately.

a reply to: Phage

Sorry, I should have elaborated and the link was there to look at her return. She used the same 'laws' to actually get a refund as well as write off a million dollars in 'expenses'.

Again, Are you telling me that she did NOT write anything off? You can cherry pick the Capital gains which was 3k. They also did not pay taxes. They got a 1.1 million dollar refund it seems based on deductions.

For speaking Bill earned 5 million and claimed 800k in expenses. (for 22 speeches) 36k per engagement?????
He earned 1.6 for consulting and wrote off 80k.
She earned 1.5 million speaking and wrote off 350k in expenses. (for 6 speeches) 60k per engagement????

Is that legal? Yes, just like Mr Trump however his were operating losses....this is blatant tax fraud as write offs....

a reply to: Phage

Oh, so you have evidence he actually cheated? If you did there would be an issue. All you have is a baseless assumption.

Maybe the moon is made out of cheese.

a reply to: Indigo5

What would be considered a landslide I want to put a bet on.

originally posted by: Indigo5

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...

Was Trump part of that powerful real-estate lobby by any chance? If he was, this can indeed be pinned on him, even if it's legal. As in, he pushed to make something legal that blatantly ripped off the country.

originally posted by: Phage
One of my concerns about Trump's tax return that occured to me soon after it was leaked was, if he lost so much money how could he lead the lavish lifestyle he does?

I came across an interesting article:

Trump's Tax Records Show He May Have Understated His Salary by Millions to the IRS

It doesn’t seem to add up. Just one example of where Trump’s tax returns seem to conflict with reality: the Republican presidential candidate told the IRS and New York state tax officials that he collected a mere $6,108 in “wages, salaries, tips, etc.” in 1995. Yet, according to financial reports filed with the Securities and Exchange Commission, that same year Trump received $583,333 in compensation from the then-named Trump Hotels & Casino Resorts, the company Trump had taken public in the middle of that year. The figure comes from a proxy statement that the company filed in early 1996. The payment is clearly listed as salary for 1995, and it appears to have been paid directly from the company to Trump, and not through one of the corporate entities he controls.

fortune.com...


Come on Donald. Let's see your tax returns. Ease our worried minds.

DUH! Oh come on. You don't need "official" documents to work this one out. Just ask all the people and companies who who were owed BILLIONS after the declared "bankruptcies" of Trump's "company interests".

He is is the epitome of the nasty capitalist who takes advantage of the hard working person and yet manages to con that hard working person to support him. It is jaw dropping how gullible the US electorate has become......or maybe so desperate for an answer to the inevitable failure of capitalism that they cling to the worst example!

FYI, I don't trust Clinton as far as I could throw her but I could throw Trump even less! God help you you in November. Choice A : Bad, Choice B : even worse!

a reply to: imjack

Explain the $6,000 if you're so damned smart and know everything, it's the only number in question.

Um, that's exactly what I WAS talking about. No clue why you replied to me about bonuses and such.
I said this (bolded part for emphasis)

originally posted by: Vector99
a reply to: Phage

Thanks! If that is a true copy of his tax return then yea, it seems Donny forgot a couple zeros. I did notice in the article it stated it's possible he wasn't paid until the next year, and that some executives do that to delay their tax payment. If that is the case would that require a new SEC filing?

Seems like you need to relax a bit.

a reply to: yorkshirelad

I dunno I think Trump would go further If thrown...He would bounce.

originally posted by: Phage
One of my concerns about Trump's tax return that occured to me soon after it was leaked was, if he lost so much money how could he lead the lavish lifestyle he does?

I came across an interesting article:

Trump's Tax Records Show He May Have Understated His Salary by Millions to the IRS

It doesn’t seem to add up. Just one example of where Trump’s tax returns seem to conflict with reality: the Republican presidential candidate told the IRS and New York state tax officials that he collected a mere $6,108 in “wages, salaries, tips, etc.” in 1995. Yet, according to financial reports filed with the Securities and Exchange Commission, that same year Trump received $583,333 in compensation from the then-named Trump Hotels & Casino Resorts, the company Trump had taken public in the middle of that year. The figure comes from a proxy statement that the company filed in early 1996. The payment is clearly listed as salary for 1995, and it appears to have been paid directly from the company to Trump, and not through one of the corporate entities he controls.

fortune.com...


Come on Donald. Let's see your tax returns. Ease our worried minds.

Over the years I've paid very close attention to the posts you make, Mr Phage. In those years I have garnered much respect for your opinion on various topics. With that being said -- why exactly is it important that we see any candidates tax records? We know that they're all very well off. We know that very well off people do not pay their "fair share" in taxes. So why are we supposed to care about any of their tax information? Hillary included. I personally see no benefit from viewing their tax releases except to envy the money they have.

a reply to: imthegoat

I personally see no benefit from viewing their tax releases except to envy the money they have.

I do.

Here's some history:

Until Donald Trump, every major-party presidential nominee since then had released his or her tax returns (except Gerald Ford, who released a summary in 1976). The simple reason is that, on at least one subject, Nixon got it right: The American people need to know if their president is a crook.

www.nytimes.com...

originally posted by: Phage
a reply to: imthegoat

I personally see no benefit from viewing their tax releases except to envy the money they have.

I do.

Here's some history:

Until Donald Trump, every major-party presidential nominee since then had released his or her tax returns (except Gerald Ford, who released a summary in 1976). The simple reason is that, on at least one subject, Nixon got it right: The American people need to know if their president is a crook.

www.nytimes.com...

I'm aware of the history. I'm just asking why we should care about any of them? Not just Trump, not just Hillary, but any candidate that runs for any tier of office.

a reply to: Phage

I would have thought you understood how this works. My lame ass could incorporate and roll through this.

If we have a problem with this then push for tax code reform don't try to hang Trump like a scape goat.

a reply to: Phage


Dude I am all with you.......if you start another thread on the Clinton Foundation.

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.

a reply to: Logarock

My lame ass could incorporate and roll through this.

You could under-report your wages? What does being incorporated have to do with it?

a reply to: imthegoat


This tax form thingy is really more like something you would find in the Spanish Inquisition, now undertaken by the socialists, than in a republic. Its the equivalent of and simply a lefty form of McCarthyism.

a reply to: Phage

well thinking on expenses, what Cash does Trump need?

His house, car, probably even his food is write offs.

I doubt he pays for his cable, or internet as they are business related, and so are his clothing.

His medical expenses are insured by his company, remember he can lose as much company money as he wants and always file bankruptcy.

Most of his money is probably spent on crap when he's traveling, or some nonsense, when he wasn't able to write a Soda off at a hotdog stand.

a reply to: Phage

Trump under reported his wages? Sounds like an american tradition. Hes going to get a lot of votes for just being a tax dodger, more than Hill will get for being a foundation head. Thats what this is going to come down to......as soon as enough americans figure it out.

a reply to: Logarock

Good thing people only told the republicans it's wrong to do for these reasons. lololoollooll