Someone leaked Trump's 1995 tax returns

[Anonymous]

Anonymous wrote:

Anonymous wrote:This editorial by Ron Insana of CNBC nails it:

http://www.cnbc.com/2016/10/03/im-calling-bs-on-the-whole-genius-spin-on-trumps-taxes-commentary.html

No. It doesn't. It is shrill fear-mongering designed to pander to the under-educated liberal cohort. It relies on speculation that has zero basis in fact or law and has not one shred of accuracy to it.

Trashing Trump is like shooting dead fish in an empty barrel. To subscribe to shrieking like this undercuts the legitimacy of th every accurate attacks on Trump.

Really?

It is exactly why this is news. It isn't that Trump did something illegal, but rather that he is supposed to be this successful businessman. He is, for himself, but he has left a trail of unpaid debt, bankruptcy, unpaid vendors etc, all the while complaining about how everyone else is sucking on the teet of the US Government and blaming Chian and everyone else for our woes.

Did he use US steel in his buildings? Does he use US manufacturers for his hats and ties?

He contributes nothing to the US and is a taker.

That isn't presidentlal leadership.

[Anonymous]

Anonymous wrote:

Is Amazon running for president?

no, not yet at least

But it is a monopoly that has helped to destroy small businesses. Look at bookstores. What's left? B&N - for now- which has a strong online presence

So I don't understand your thinking. I hate Hillary as much as I hate Trump. However, with regard to business, Trump will represent the very loopholes that allow monopolies to flourish.

So this tit for tat response is just hot air and faulty logic.

Or perhaps it's an ironic response???

I don't understand these kinds of responses.. blaming companies for taking over an industry. I bet you buy stuff from amazon all the time, and you comparison shop for prices on amazon with other stores. Most of us aren't so wealthy that we can buy without looking at the price. Even Trumpsters probably buy mostly based on price. As Trumpsters stated, who in their right mind would want to pay more in taxes; well, who in their right mind would want to pay more for something when they can get the same exact thing cheaper. Heck, even Trump agrees with that logic, and that's why he hires foreign workers and outsources his manufacturing. Think about that for a minute or two.

[Anonymous]

The funny thing is that if avoiding paying taxes for 18 years was the worst of it, Trump would have released his taxes in response to all the criticism he is getting now and the way his poll numbers are sinking.

But he didn't. So although it's hard to even imagine it, there must be something EVEN WORSE than losing a billion dollars and not paying taxes for 18 years. Can you imagine?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Is Amazon running for president?

no, not yet at least

But it is a monopoly that has helped to destroy small businesses. Look at bookstores. What's left? B&N - for now- which has a strong online presence

So I don't understand your thinking. I hate Hillary as much as I hate Trump. However, with regard to business, Trump will represent the very loopholes that allow monopolies to flourish.

So this tit for tat response is just hot air and faulty logic.

Or perhaps it's an ironic response???

I don't understand these kinds of responses.. blaming companies for taking over an industry. I bet you buy stuff from amazon all the time, and you comparison shop for prices on amazon with other stores. Most of us aren't so wealthy that we can buy without looking at the price. Even Trumpsters probably buy mostly based on price. As Trumpsters stated, who in their right mind would want to pay more in taxes; well, who in their right mind would want to pay more for something when they can get the same exact thing cheaper. Heck, even Trump agrees with that logic, and that's why he hires foreign workers and outsources his manufacturing. Think about that for a minute or two.

Lots of people, me included, try to buy locally or small and avoid Amazon as much much as possible. I think our entire household has made two purchases there in the last year.

[Anonymous]

Marla's Revenge.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Is Amazon running for president?

no, not yet at least

But it is a monopoly that has helped to destroy small businesses. Look at bookstores. What's left? B&N - for now- which has a strong online presence

So I don't understand your thinking. I hate Hillary as much as I hate Trump. However, with regard to business, Trump will represent the very loopholes that allow monopolies to flourish.

So this tit for tat response is just hot air and faulty logic.

Or perhaps it's an ironic response???

I don't understand these kinds of responses.. blaming companies for taking over an industry. I bet you buy stuff from amazon all the time, and you comparison shop for prices on amazon with other stores. Most of us aren't so wealthy that we can buy without looking at the price. Even Trumpsters probably buy mostly based on price. As Trumpsters stated, who in their right mind would want to pay more in taxes; well, who in their right mind would want to pay more for something when they can get the same exact thing cheaper. Heck, even Trump agrees with that logic, and that's why he hires foreign workers and outsources his manufacturing. Think about that for a minute or two.

Lots of people, me included, try to buy locally or small and avoid Amazon as much much as possible. I think our entire household has made two purchases there in the last year.

In capitalism the new drives out the old. Technological change can't be stopped or should be stopped. Are you saying horse carriage makers should have been supported and automobiles should have been banned? The issue is that income inequality is due to poor tax structure that benefits the wealthy. Also there should be better access to education and healthcare for all. We cannot keep skewing the economy for the rich with even more tax cuts. Why do you want to vote for someone who will make the income inequality even worse than now? Why would you vote for someone who has ripped the system without giving anything back?

[Anonymous]

Anonymous wrote:

Is Amazon running for president?

no, not yet at least

But it is a monopoly that has helped to destroy small businesses. Look at bookstores. What's left? B&N - for now- which has a strong online presence

So I don't understand your thinking. I hate Hillary as much as I hate Trump. However, with regard to business, Trump will represent the very loopholes that allow monopolies to flourish.

So this tit for tat response is just hot air and faulty logic.

Or perhaps it's an ironic response???

Sorry, but Amazon is not a monopoly.

[Anonymous]

I see Hillary supporters making excuses for Amazon taking the exact same deduction. Amazon lost a lot of money on eCommerce for 20 years. How many mom and pop shops can survive running a loss for 20 years? It's not technology that Amazon crushes competition. It's the no sales tax for many years and artificially low prices due to big operating losses.

[Anonymous]

Anonymous wrote:
I see Hillary supporters making excuses for Amazon taking the exact same deduction. Amazon lost a lot of money on eCommerce for 20 years. How many mom and pop shops can survive running a loss for 20 years? It's not technology that Amazon crushes competition. It's the no sales tax for many years and artificially low prices due to big operating losses.

Wait, Hillary is responsible for Amazon now? Really, is there ANYTHING that we do not point at Hillary?

[Anonymous]

The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

[Anonymous]

Anonymous wrote:
I see Hillary supporters making excuses for Amazon taking the exact same deduction. Amazon lost a lot of money on eCommerce for 20 years. How many mom and pop shops can survive running a loss for 20 years? It's not technology that Amazon crushes competition. It's the no sales tax for many years and artificially low prices due to big operating losses.

And Amazon did so by using a tax loophole, just like Trump. How many jobs has Amazon created? I can apply the same Trumpster logic to Amazon.

[Anonymous]

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

You are 100% wrong inyour first paragraph. From all accounts, the NOL people are freaked out about relates to Trumps PERSONAL investment in the Taj. It was the only one of his bankruptcies were he had skin in the game. To do the deal, he was required to be personally on the hook for 1 billion. It failed. He learned his lesson.

Beyond that, your post discloses you have heard about a lot of things and have little actual knowledge. That's dangerous.

[Anonymous]

Anonymous wrote:The big issue here is that TRUMP borrowed from the banks and then defaulted on his loans thus screwing the banks NOT himself. Then he used the debt money that was defaulted as loss and carried over the loss for 15years offsetting any taxes. This is a big loophole. It is one thing to lose your money and claim loss. It is another thing to lose the banks money and claim loss on your tax returns, which is what Trump has done repeatedly. My bet is he has never paid taxes for over 3 decades.

It may not be illegal BUT it is a tax code that favors the rich and discriminates the average American. Because Rich people setup S-corps and they borrow in the S-corps name. When things don't go well they shut down the S-corp BUT they are not affected. So it's like the avg man should buy a home on S-Corp, never pay the mortgage, dissolve the S-Corp and then take the loss personally to offset tax payment. Can we do that? Of course not. Then why should the rich guys do it?

Now Trump wants to make the system even more favorable to the rich by giving himself tax cuts and drop estate taxes that benefits himself, Not the other 99%. He is boorish, misogynist, narcissistic Idiot. All of that are disqualifying by themselves. But he is a moocher that sucks every system dry by gaming the system in all possible ways. He is running for president to totally control the system for himself. Wake up America.

+1 yep and he hates the banks for it. His tax plans includes closing the tax loopholes in the banking industry, but not in the real estate industry.

https://www.washingtonpost.com/news/wonk/wp/2016/10/04/the-stark-differences-between-the-trump-and-clinton-tax-plans-and-how-they-address-loopholes/

"Trump's tax plan would eliminate one major such “loophole,” called carried interest, which is often employed by private-equity firms to reduce tax liability"

Several independent analyses project the Trump plan would generate modest income boosts for lower- and middle-income taxpayers, on average, while delivering much larger boosts for the top 1 percent of income earners.

Clinton's plans, meanwhile, include a slew of new policies aimed at reducing tax avoidance by the rich.

She would add a new de facto minimum tax, known as the Buffett rule, and an additional surtax on incomes above $5 million a year. She would limit a tax provision that allows real estate developers to essentially switch out properties to minimize tax liability, and she would force the heirs of large estates to pay taxes on the increased value of the properties they inherit."

[Anonymous]

Trump claims that only he can eliminate the abuses he took advantage of because he knows the tax code better than Clinton. Why, then, does his tax plan not mention doing this? He only brought it up when he got caught paying nothing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So basically because he was a horrible businessman, he took a 900 Million loss and has been amortizing it for decades in tax avoidance.

So we are all chumps for paying our 30% or whatever while he freeloads on the government and then bases his campaign on poor government and his business acumen.

Ya, he's smart.

Asshole.

Where's your outrage for the TRILLIONS Google, Facebook, Exxon, Amazon, General Electric, etc. dodge? Trump is small potatoes.

Those are ALL corps. Trump's PERSONAL deduction in 1995 was 1.9% of NATIONWIDE total.