Someone leaked Trump's 1995 tax returns

[Anonymous]

Anonymous wrote:NOL are legal under our tax code. Yes even Democrats have used this over the years. Geez!!!

Exactly! We have a lot of feigned outrage over something that happens all the time.

[Anonymous]

Here is what Warren Buffett says:

"Warren Buffett's secret to paying a lower tax rate than you
But stock picking is just one reason Buffett's been able to amass such incredible wealth. The other component to Buffett's success is an exceptionally low effective tax rate. As noted by the Oracle of Omaha himself in an op-ed column in The New York Times in 2011, Buffett claimed to be paying only a 17.4% effective tax rate (that year) compared to 20 workers in his office who were paying an average tax rate of 36%.

In Buffett's own words,

"If you make money with money, as some of my super-rich friends do, your [tax] percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine – most likely by a lot."

Although our progressive income tax brackets have changed a bit since Buffett wrote this piece in 2011, this basic tenet still holds true: Buffett, one of the richest people in the world, is probably paying a lower tax rate on his income than you are."

The system is rigged - Trump like many other wealthy people - take advantage of tax laws.

Buffett has railed against the inequity of the tax system but it is not as if he has written a check to the IRS for a higher rate than he needs to pay. But to his credit he has donated most of his wealth to charity through the Gates Foundation. Perhaps he realizes that giving money to the government is the surest way for it to be wasted.

[Anonymous]

1. Buffett advocates for higher taxes; Trump brags about paying no taxes.

2. Trump wants to remove the remaining taxes likely to hit him in his lifetime, i.e. estate taxes.

3. Trump is definitely a tax dodger on his foundation account. He might be doing other, shadier things to dodge taxes. so in addition to this, there could be more - like illegal offshore accounts such as the ones created by UBS.

4. Trump has repeatedly shamed others, including Barack Obama, for not paying enough in taxes. So he's a hypocrite. The list is long and the tweets are many.

[Anonymous]

Anonymous wrote:It's not illegal. That's the problem. This is how the rich stay rich. They hire the best CPAs and attorneys who find loopholes.

By failing at business? That's where the billion dollar NOL comes from.

[Anonymous]

If this just means he's super smart and a great guy- why won't he release his taxes?

[Anonymous]

Hillary's crony wall street backers crashed the market and got the taxpayer bailout.

Trump and his investors lost a lot of their own money in 90s. He didn't take a dime from the taxpayer. If the report is true, that just means he claimed losses what is allowed by our tax code LEGALLY.

[Anonymous]

Anonymous wrote:1. Buffett advocates for higher taxes; Trump brags about paying no taxes.

2. Trump wants to remove the remaining taxes likely to hit him in his lifetime, i.e. estate taxes.

3. Trump is definitely a tax dodger on his foundation account. He might be doing other, shadier things to dodge taxes. so in addition to this, there could be more - like illegal offshore accounts such as the ones created by UBS.

4. Trump has repeatedly shamed others, including Barack Obama, for not paying enough in taxes. So he's a hypocrite. The list is long and the tweets are many.

Citation?

I have never heard Trump say it about Obama.

[Anonymous]

Anonymous wrote:Here is what Warren Buffett says:

"Warren Buffett's secret to paying a lower tax rate than you
But stock picking is just one reason Buffett's been able to amass such incredible wealth. The other component to Buffett's success is an exceptionally low effective tax rate. As noted by the Oracle of Omaha himself in an op-ed column in The New York Times in 2011, Buffett claimed to be paying only a 17.4% effective tax rate (that year) compared to 20 workers in his office who were paying an average tax rate of 36%.

In Buffett's own words,

"If you make money with money, as some of my super-rich friends do, your [tax] percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine – most likely by a lot."

Although our progressive income tax brackets have changed a bit since Buffett wrote this piece in 2011, this basic tenet still holds true: Buffett, one of the richest people in the world, is probably paying a lower tax rate on his income than you are."

The system is rigged - Trump like many other wealthy people - take advantage of tax laws.

Buffett has railed against the inequity of the tax system but it is not as if he has written a check to the IRS for a higher rate than he needs to pay. But to his credit he has donated most of his wealth to charity through the Gates Foundation. Perhaps he realizes that giving money to the government is the surest way for it to be wasted.

More than half of federal taxes go to defense. I'd say that's a waste.

[Anonymous]

Who could have leaked them? We know that the liberals at the IRS "do what it takes" to get the Democrat elected. Could it have been a Lois Lerner type?

[Anonymous]

Anonymous wrote:

Anonymous wrote:1. Buffett advocates for higher taxes; Trump brags about paying no taxes.

2. Trump wants to remove the remaining taxes likely to hit him in his lifetime, i.e. estate taxes.

3. Trump is definitely a tax dodger on his foundation account. He might be doing other, shadier things to dodge taxes. so in addition to this, there could be more - like illegal offshore accounts such as the ones created by UBS.

4. Trump has repeatedly shamed others, including Barack Obama, for not paying enough in taxes. So he's a hypocrite. The list is long and the tweets are many.

Citation?

I have never heard Trump say it about Obama.

It's true. Tip: you can google it.

[Anonymous]

Anonymous wrote:Who could have leaked them? We know that the liberals at the IRS "do what it takes" to get the Democrat elected. Could it have been a Lois Lerner type?

I don't know-maybe Hillary asked Rissia to do it. Oh, wait...Trump is the one who does stuff like that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who could have leaked them? We know that the liberals at the IRS "do what it takes" to get the Democrat elected. Could it have been a Lois Lerner type?

I don't know-maybe Hillary asked Rissia to do it. Oh, wait...Trump is the one who does stuff like that.

Interesting how you turned that around to blame Trump. SOME sneaky Democratic operative is hard at work. The only way the Dems won last time was because someone leaked his 47 % comment. Can you imagine if someone had leaked Clinton's pay-for-play emails?

[Anonymous]

Anonymous wrote:Who could have leaked them? We know that the liberals at the IRS "do what it takes" to get the Democrat elected. Could it have been a Lois Lerner type?

According to the article,

The three documents arrived by mail at The Times with a postmark indicating they had been sent from New York City. The return address claimed the envelope had been sent from Trump Tower.

Apparently someone with inside knowledge and access to the documents.

Makes little difference to his supporters who, if they have access to the Times, probably can't past a lot of terminology.

But you can tell how wrong Trump is by his response to the article.

[Anonymous]

Anonymous wrote:Hillary's crony wall street backers crashed the market and got the taxpayer bailout.

Trump and his investors lost a lot of their own money in 90s. He didn't take a dime from the taxpayer. If the report is true, that just means he claimed losses what is allowed by our tax code LEGALLY.

WRONG. Trump shafted NJ taxpayers, enabled by his pal Christie:

http://www.nytimes.com/2016/08/17/us/politics/trump-chris-christie-casinos.html?_r=0

"By the time Chris Christie became governor of New Jersey, the state’s auditors and lawyers had been battling for several years to collect long-overdue taxes owed by the casinos founded by his friend Donald J. Trump.

The total, with interest, had grown to almost $30 million. The state had doggedly pursued the matter through two of the casinos’ bankruptcy cases and even accused the company led by Mr. Trump of filing false reports with state casino regulators about the amount of taxes it had paid.
[b]
But the year after Governor Christie, a Republican, took office, the tone of the litigation shifted. The state entertained settlement offers. And in December 2011, after six years in court, the state agreed to accept just $5 million, roughly 17 cents on the dollar of what auditors said the casinos owed."

[Anonymous]

Anonymous wrote:Hillary's crony wall street backers crashed the market and got the taxpayer bailout.

Trump and his investors lost a lot of their own money in 90s. He didn't take a dime from the taxpayer. If the report is true, that just means he claimed losses what is allowed by our tax code LEGALLY.

Taxpayer bailout was designed by Bush.