The BIG ONE: 20 years of Trump taxes obtained by NYTs

[Anonymous]

Anonymous wrote:

Anonymous wrote:You lefties know what carried interest means, do the same as 45 yet try to bury him. Sorry, won't work.

Huh. As a leftie, I know what carried interest is, but I don't "do the same as 45." I work for a living and my trouble I get to pay significantly more in taxes than he does.

You need to own income producing property. Depreciation and amortization are your friends and prevent all from paying taxes. You can thank the democratic party for this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hollly shit.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

He’ll get his chump followers to pay it.

I'm sure he'll start a gofundme for it

Maybe Jared will pay it off for him. Or does he not pay taxes either?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hollly shit.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

That’s going to be the biggest GoFundMe in history.

Gofundme? Trump for President is the president’s personal account. That is why it is out of money.

[Anonymous]

It looks like he may not be paying because he's not much in the black. He was plowing his NBC money into failing businesses.

[Anonymous]

Anonymous wrote:You lefties know what carried interest means, do the same as 45 yet try to bury him. Sorry, won't work.

I do. And I hate it. Anyone who earns money on carried interest is scum and has no business in politics, let alone living anywhere bit the Cayman Islands.

I'm a single issue voter on this. Carried interest is against my religion.

[Anonymous]

Anonymous wrote:You lefties know what carried interest means, do the same as 45 yet try to bury him. Sorry, won't work.

Is Trump even eligible for carried interest? I thought that only applied to investment fund managers.

[Anonymous]

Ohhh America is mad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You lefties know what carried interest means, do the same as 45 yet try to bury him. Sorry, won't work.

Huh. As a leftie, I know what carried interest is, but I don't "do the same as 45." I work for a living and my trouble I get to pay significantly more in taxes than he does.

You need to own income producing property. Depreciation and amortization are your friends and prevent all from paying taxes. You can thank the democratic party for this.

There's a reason real estate developers don't go into politics. This is it.

[Anonymous]

As an accountant I am not surprised by this number at all. He has lost a lot of money on a lot of businesses. Without more detail, the $750 has very little meaning. It's just being dropped to get people outraged

[Anonymous]

Anonymous wrote:

Anonymous wrote:You lefties know what carried interest means, do the same as 45 yet try to bury him. Sorry, won't work.

Is Trump even eligible for carried interest? I thought that only applied to investment fund managers.

They are the main benificiaries. If there is a way for Trump.to take advantage though, I am sure he did.

[Anonymous]

Yet Trump cult members think he is a great businessman. Why? Just.. why?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hollly shit.

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

As the president wages a re-election campaign that polls say he is in danger of losing, his finances are under stress, beset by losses and hundreds of millions of dollars in debt coming due that he has personally guaranteed. Also hanging over him is a decade-long audit battle with the Internal Revenue Service over the legitimacy of a $72.9 million tax refund that he claimed, and received, after declaring huge losses. An adverse ruling could cost him more than $100 million.

That’s going to be the biggest GoFundMe in history.

Bigger than Build The Wall??

Yuuuuge!

[Anonymous]

Donald Trump IS THE SWAMP

Against that backdrop, the records go much further toward revealing the actual and potential conflicts of interest created by Mr. Trump’s refusal to divest himself of his business interests while in the White House. His properties have become bazaars for collecting money directly from lobbyists, foreign officials and others seeking face time, access or favor; the records for the first time put precise dollar figures on those transactions.

At the Mar-a-Lago club in Palm Beach, Fla., a flood of new members starting in 2015 allowed him to pocket an additional $5 million a year from the business. At his Doral golf resort near Miami, the roofing materials manufacturer GAF spent at least $1.5 million in 2018 even as its industry was lobbying the Trump administration to roll back “egregious” federal regulations. In 2017, the Billy Graham Evangelistic Association paid at least $397,602 to the Washington hotel, where the group held at least one event during its four-day World Summit in Defense of Persecuted Christians.

The Times was also able to take the fullest measure to date of the president’s income from overseas, where he holds ultimate sway over American diplomacy. When he took office, Mr. Trump said he would pursue no new foreign deals as president. Even so, in his first two years in the White House, his revenue from abroad totaled $73 million. And while much of that money was from his golf properties in Scotland and Ireland, some came from licensing deals in countries with authoritarian-leaning leaders or thorny geopolitics — for example, $3 million from the Philippines, $2.3 million from India and $1 million from Turkey.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You lefties know what carried interest means, do the same as 45 yet try to bury him. Sorry, won't work.

I do. And I hate it. Anyone who earns money on carried interest is scum and has no business in politics, let alone living anywhere bit the Cayman Islands.

I'm a single issue voter on this. Carried interest is against my religion.

We have carried interest income. We usually end up paying around 30% rate.

[Anonymous]

This won’t change anyone’s mind - see the crazy responses on this board. But the $750 tax bill, as these Twitter posts already point out, is a brilliant meme and sound bite. History made!