But it doesn’t work that way. The President is above the law.
How about before he's president...
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But it doesn’t work that way. The President is above the law.
It will be government protectionDoes a former POTUS still get Secret Service protection if they are in prison? I guess we are going to find out.
Because that is the way the system is set up. It’s not a problem with not enough earnings as much as it is the way the tax system set up to benefit those in low earning brackets. And before anyone gets any brilliant ideas for a retort, I feel the same about the Uber rich as wellAnd why do half of the people “ pay no taxes at all” haw-key? Shouldn’t THAT be the question? Income disparity is this nation’s #1 problem...as it feeds numerous other problems.n
Then so is the Biden family.The point is the filer is responsible. The history over decades indicates fraud. Any nefarious actions by associate or agents are the responsibility of the filer.
Edit: It has been posted many times, many ways over the years, and you wing nuts refuse to believe it. This is a crime family. It functions as one. It operates as one. It is one.
How dumb can you be? "jimmy" the tax code by deducting personal expenses as business expenses?Jfc. What witless person would pay 6 figures in taxes, let alone 7 figures (3mm)??!!??
And you want those dumb f***s in charge?
Come on people. Is that your goal to have leaders not know how to jimmy the tax code? Ffs get real
But it doesn’t work that way. The President is above the law.
“Tell you what, I know a guy who specializes in Air Force Ones...let me give him a call and we’ll see what he says.”
Yes, you are the idiot, glad you've realized this. Master's with double major and minor with CPA so no but nice try sped.I'm guessing a junior college drop out. If you watch anything other than fox news or listen to anything other than Rush, I would be surprised. Yes....I'm the idiot.
You are adumber than most, your if you believe that stuff.
Where is it dude? Please provide proofYes there is. Not enough for Mueller to prosecute. Also, Trump wasn't exonerated either...you guys like to leave that out. All Trump roads lead back to Putin.
The Clintons were subjected to much more scrutiny. Did you forget Whitewater? Trump’s not even released his returns for review. Time for you to move on to your next user name.
The tax returns we've seen from Joe Biden don't support you. Did you realize that when you hit post reply with what you thought was such a zinger of a post?Then so is the Biden family.
life is going to be spectacularly hard for him and his three oldest kids beginning in late January 2021. Like dying broke in jail hard.
No thanks and this is incorrect. Trumps four years is comparable to Clintons eight at least.
The Republican Party seems to have adopted a mafia ethical code where whistleblowers are worse than the actual criminals.Of course the real scandal is......They're so freaking predictable, the relentless self-pwning. I'm sure they'll also continue saying it's fake news, it is the cognitive dissonance party.
To be fair, his salary in 2017 was $1. He’s donating the rest of his $399,999 salary to charity. I know that means nothing to you all and orange man still bad.
When even Ann Coulter knows it's "unspeakably corrupt" ....Ann Coulter
I don't think the conservative take on @realDonaldTrump paying no taxes should be: BECAUSE HE'S SMART! I've paid nearly 50% of my income in taxes, year after year, and any system that allows billionaires to pay ZERO is unspeakable corrupt.
The Republican Party seems to have adopted a mafia ethical code where whistleblowers are worse than the actual criminals.
This is a big reason I have abandoned voting for Republicans. Loyalty to party over all.
What charity?To be fair, his salary in 2017 was $1. He’s donating the rest of his $399,999 salary to charity. I know that means nothing to you all and orange man still bad.
What charity?
Probably some Trump foundation/charity, which is a money laundering scheme that somehow kicks back more than he contributed.
Holy fck....look at him here. A true emperor has no clothes moment
Ehhh most of us aren’t able to live off untaxable wealth like those people. That being said, it’s pretty easy not to pay any taxes.
But it doesn’t work that way. The President is above the law.
If he put on some weight, I could see him playing Trump.And ...
Looking at it, Trump is in hell now. His body language meandering off stage showed it Sunday. He knows he is going down and worse, he knows all the dirt is just starting to come out and he won’t be able to avoid it nor the impending consequences. Unless Russia can hack the vote, life is going to be spectacularly hard for him and his three oldest kids beginning in late January 2021. Like dying broke in jail hard.
Too good. They should all do their time in some third-world "shithole country" jail.Good.
It will come out that he's been laundering millions for his Russian friends by running it through his golf courses.Massive debt, and the ability or inability to pay it off, is a major part of security clearances. The government wants to make sure that you aren't going to use access to classified material to "pay off" your debts or have a foreign entity hold it over your head. That's why foreign contacts and debt are major contributing factors in people not getting cleared.
It's also a major factor as to why the Trump kids had to have their dad give the the clearance. They couldn't get awarded it through conventional means.
Trump literally meets half (or more) of the examples we use in OPSEC and Insider Threat training to identify people who are high risk and need to be reported to CID.
You seem to have a lot of disdain for the Clintons, which is your prerogative. Why do you continue to defend Trump if that is the case? It is not OK to excuse what someone is doing by claiming that others are or have done it. Have some standards. Expect better from the President.
I am tired of those justifying the crap that Trump does by saying other people have done it or do it. First, that is not a valid excuse. Second, Trump ran by claiming he was not your typical politician. He has shown that he is even worse as he has no ethics whatsoever and does not care for anyone but himself.
“They say I have the most loyal people — did you ever see that? Where I could stand in the middle of 5th Avenue and shoot somebody, and I wouldn’t lose any voters.” he said. “It’s like incredible.” - DJTHow did you conclude I have a lot of disdain for the Clintons by saying Trump has had more scrutiny than them during his four years? You really gleaned THAT much information from that one sentence? I actually don't think Clinton was that bad of a president. He really seems to be the last president that worked across party lines.
As far as justifying, Trump says plenty of stupid shit. I've never been one to say he hasn't. He's done some stupid shit too. He's also been the target of some extremely bullshit issues that go WAY too much play in the media and turned out to be nothing burgers. It's not like Biden is this guy that's far and away better than Trump. Biden is not even competent. So with a choice between the two, yeah I pick Trump easily based upon what I hold true to my values which may not fit with yours or many of the libs on here.
I get tired of the endless bombshells and stupid shit that most on this board post about. Most don't read anything outside of what the MSM says and if you point to something contrary, it's conspiracy or right wing BS. You have to actually read both sides because the truth is almost always in the middle. Like this stupid tax crap. Most of this is a bunch of BS whining. Biden has done the same thing with tax avoidance. Reps and libs alike are all about tax avoidance. Why shouldn't we be? Libs are all calling tax evasion without much to go on. They've made Trump guilty of it because they hate him, not because their is proof of it. Much of the Times article would be things the IRS would already know about Trump. It's really not very difficult to understand the forms. Now the Times got a hold of other information OUTSIDE of his tax returns that could be troubling, but people take it for face value only and convict him. Impulsive reactions is what this society is and it's BS. Can't wait until facts come out. We are all instant gratification/results nowadays.
Rangappa linked this article:
5) The ongoing IRS audit dispute regarding a $72.5 million loss deduction looks very bad for Trump. The Times article suggests that the key issue, for most or all of this claimed loss, is a “worthless stock deduction” from abandoning his interest in the disastrous Atlantic City casino venture. Many years ago, when I was in tax practice, I actually worked on this precise legal issue (for a corporate client of my law firm), so I am quite familiar with it. When you own equity (such as Trump’s partnership interests in the Atlantic City activity) that has lost enormous value, typically the equity constitutes a “capital asset.” If you sell it for an enormous loss, that is only a capital loss, and deduction of the loss is limited to the sum of (a) net capital gains for the year, and (b) $3,000. Disallowed losses are carried forward, but at $3,000 per year they may be worth very little, unless your income in future years includes large capital gains. But if the investment is utterly worthless and you abandon it for zero consideration, it becomes an “ordinary” loss (i.e., one that is not subject to the limits on deducting capital losses).
Trump apparently did this with his Atlantic City partnership interests, and claimed an ordinary loss that seems to have made up much or all of the $72.5 million. But he received back a 5 percent interest in the stock of the new entity. As the Times article rightly notes, this could establish that the entire abandonment loss claim was legally invalid. He would merely have sold his once-valuable asset for a large capital loss, the use of which would be sharply restricted as described above. The Times notes that losing on this issue – as it appears he should, if the stated facts are accurate and relevantly complete – would cause him to owe the IRS about $100 million, given interest on the prior refund. This leaves aside the possibility of civil or criminal tax penalties for claiming an abandonment loss despite receiving consideration back.
Leading Tax Law Expert: Ten Takeaways From NYT Bombshell On Trump’s Tax Returns
One of the country's most eminent tax law experts analyzes the information provided by the New York Times.www.justsecurity.org