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Thread: Historian says Trump should prove NYT report on his taxes is 'fake news'

  1. #31
    Quote Originally Posted by Firestarter View Post
    The report surely was so BIG in order to ensure that nobody reads it!

    For many people these days unable to read anything longer than a Twitter message, this article seems to argue that Donald Trump really is a great businessman, by using the laws to lower his taxes to almost 0. In 10 of the previous 15 years, “billionaire” Trump paid no (0) income taxes, and in 2016 and 2017 Trump paid only a combined $1500.

    In 2010, Donald claimed and received an income tax refund totalling $72.9 million (the federal income tax he had paid for 2005 to 2008). That was with the help of legislation entered by President Obama.
    Then from 2011 to 2014, “billionaire” Donald paid no federal taxes at all (0).



    Most people won’t find the single “bombshell” buried in this recently published very long New York Times article (did you actually read it?!?).
    The article shows that Donald Trump was able to lower his taxes for 18 years by deducting his more than $900 million in losses in 1990, when he went bankrupt.

    Where it gets “criminal” behaviour by the Donald is that he never paid those losses back to his handlers/lenders, so he shouldn’t be allowed to deduct it.

    Here’s how the NYT one time in the whole long article explains that Donald really is in trouble with the IRS.
    http://www.ronpaulforums.com/showthr...=1#post6982540
    Isn't it funny how emotionally triggered by Trump some are that they will try to argue, on a anti-tax forum of all places, how "criminal" it is to not give them what you @Firestarter) thinks someone should give the IRS, without having any clear understanding their financial situation.



    Everybody that does business and especially those that have been audited know exactly how the IRS works with the private sector.

    1. You write off whatever you can get away with (because you do your own taxes, nobody does it for you).
    2. You pay the IRS what you think you owe or what you think you can get away with.
    2. If the IRS has any issues they will look for it and fine you if they fine something that doesn't go with the "code".
    3. You make your arguments, appeals and take the IRS to court if you like. Most make the IRS a reasonable offer to get the feds off their back.

    Trump is already being audited so he is in step 3. The IRS is meticulous, moreso than NYT or our resident follow-the-tax-code-or-you're-a-criminal @Firestarter (registered aug. 2016). If he is owed something that he has been hiding, they will ask him to pay it and he will fire lawyers and advisors to beat it, whichever is less expensive. Whatever he ends up giving the IRS, they will both be happy with. Ultra high net worth individuals like Trump has every asset available to him to make his taxes and holdings kosher, usually its bullet-proof.



    @Firestarter, in his own words, is labeling any "behavior" that he does not agree with, "criminal". That means if any of us libertarians are creative with our tax situations, can also be deemed "criminal" if he doesn't like it.

    I think its pretty clear by now that @Firestarter has an agenda here. TDS tax trolls are not welcome.
    Last edited by eleganz; 10-01-2020 at 10:12 PM.
    THE SQUAD of RPF
    1. enhanced_deficit - Paid Troll / John Bolton book promoter
    2. Devil21 - LARPing Wizard, fake magical script reader
    3. Firestarter - Tax Troll; anti-tax = "criminal behavior"
    4. TheCount - Comet Pizza Pedo Denier <-- sick

    @Ehanced_Deficit's real agenda on RPF =troll:

    Who spends this much time copy/pasting the same recycled links, photos/talking points.

    7 yrs/25k posts later RPF'ers still respond to this troll



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  3. #32
    Quote Originally Posted by eleganz View Post
    I think its pretty clear by now that @Firestarter has an agenda here. TDS tax trolls are not welcome.
    Such a vile ad hominem attack by @eleganz would be a lot more convincing if I had posted extensively on taxes, which I haven't.


    Quote Originally Posted by eleganz View Post
    @Firestarter, in his own words, is labeling any "behavior" that he does not agree with, "criminal". That means if any of us libertarians are creative with our tax situations, can also be deemed "criminal" if he doesn't like it.
    Thanks for another example of your mindnumbing stupidity; I really needed that!

    Trump was the frontman for a cabal that plundered 2 casinos for more than $1 billion.
    In this he has become the perfect little puppet of his handlers/lenders that give him just enough to keep him afloat. As a bonus they gave him the opportunity to lower his taxes for 18 year, with losses that he never paid in the first place.

    If he really is a good gopher for the (real) billionaires, he gets a discount on the money he owes every couple of years.
    In this way they keep him as the little obedienbt slave he is. Now that he's crowned president he can really reward his handlers!

    Quote Originally Posted by Firestarter
    The article shows that Donald Trump was able to lower his taxes for 18 years by deducting his more than $900 million in losses in 1990, when he went bankrupt.

    Where it gets “criminal” behaviour by the Donald is that he never paid those losses back to his handlers/lenders, so he shouldn’t be allowed to deduct it.

    Here’s how the NYT one time in the whole long article explains that Donald really is in trouble with the IRS.
    If the I.R.S. learns that the owner received anything of value, the allowable losses are reduced to just $3,000 a year. And Mr. Trump does appear to have received something. When the casino bankruptcy concluded, he got 5 percent of the stock in the new company.
    http://www.ronpaulforums.com/showthr...=1#post6982540
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty



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  5. #33
    Quote Originally Posted by Firestarter View Post
    Such a vile ad hominem attack by @eleganz would be a lot more convincing if I had posted extensively on taxes, which I haven't.



    Thanks for another example of your mindnumbing stupidity; I really needed that!

    Trump was the frontman for a cabal that plundered 2 casinos for more than $1 billion.
    In this he has become the perfect little puppet of his handlers/lenders that give him just enough to keep him afloat. As a bonus they gave him the opportunity to lower his taxes for 18 year, with losses that he never paid in the first place.

    If he really is a good gopher for the (real) billionaires, he gets a discount on the money he owes every couple of years.
    In this way they keep him as the little obedienbt slave he is. Now that he's crowned president he can really reward his handlers!
    Thank you for discrediting yourself further and continuing to prove my point for me.

    If you weren't a tax troll, you'd dispute the argument instead of shifting the topic away from yourself. Maybe you didn't get the memo when hired to troll RPF but this place is not tax friendly. Anyone stupid enough to bash tax-creatives, tax-avoiders (whatever you want to call them) on RPF, deserves to be labeled a tax troll.

    Your -reps only make me more powerful @Firestarter (registered Aug. 2016).
    Last edited by eleganz; 10-03-2020 at 12:54 AM.
    THE SQUAD of RPF
    1. enhanced_deficit - Paid Troll / John Bolton book promoter
    2. Devil21 - LARPing Wizard, fake magical script reader
    3. Firestarter - Tax Troll; anti-tax = "criminal behavior"
    4. TheCount - Comet Pizza Pedo Denier <-- sick

    @Ehanced_Deficit's real agenda on RPF =troll:

    Who spends this much time copy/pasting the same recycled links, photos/talking points.

    7 yrs/25k posts later RPF'ers still respond to this troll

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