Someone leaked Trump's 1995 tax returns

[Anonymous]

They were sent anonymously to the New York Times, and they show he declared a $916 million loss, "a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years."

http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smid=fb-nytimes&smtyp=cur

This whole notion of him being a successful businessman is such a load of cr@p. He's a successful con man is what he is.

[Anonymous]

I'm surprised. When he said that he's been paying $0 of income tax, he was telling the straight truth!

[Anonymous]

1995 ?

You're really reaching.

[Anonymous]

Again no taxes paid, not even $1 contribution to NJ children fund. So now we know for sure he hasn't paid taxes for multiple years. Potentially he could have carried over his bankruptcy loss for decades without paying any taxes or anything to charity.

So we now know he hasn't paid taxes for sure in 1991,1993 and 1995 and for atleast two more decades. So his business MO is to accumulate debt and declare bankruptcy and use the loss to eliminate tax obligations since he uses S-Corp, which allows pass through of business loss to his personal tax returns.

[Anonymous]

Anonymous wrote:1995 ?

You're really reaching.

Read the article. His losses will ensure he does not pay any taxes for 18 years. I have a feeling there is much more that just the $0 tax paid issue. I hope there would be more leak to understand the conman.

[Anonymous]

Anonymous wrote:1995 ?

You're really reaching.

Yet you have no problem digging into Bill Clinton's indiscretions from decades ago.

[Anonymous]

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.

[Anonymous]

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.

[Anonymous]

Trump-the real welfare queen

Not only a pitiful man, also a shitty business man

[Anonymous]

So no donations to charity other than the Trump foundation that pays his legal bills?

[Anonymous]

Anonymous wrote:

Anonymous wrote:1995 ?

You're really reaching.

Read the article. His losses will ensure he does not pay any taxes for 18 years. I have a feeling there is much more that just the $0 tax paid issue. I hope there would be more leak to understand the conman.

NO, IT DOESN'T ENSURE THAT. It could could have allowed him to deduct that based on his earnings in successive years. Got it?

I do recall Harry Reid telling us Mitt Romney paid no income taxes only to admit (proudly) he lied after the election and had no idea if he did or didn't (on camera no less).

Now wouldn't this go much easier if Hillary would release her 33,000 emails? Then Trump would release his taxes. What is she trying to hide?

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1995 ?

You're really reaching.

Read the article. His losses will ensure he does not pay any taxes for 18 years. I have a feeling there is much more that just the $0 tax paid issue. I hope there would be more leak to understand the conman.

NO, IT DOESN'T ENSURE THAT. It could could have allowed him to deduct that based on his earnings in successive years. Got it?

I do recall Harry Reid telling us Mitt Romney paid no income taxes only to admit (proudly) he lied after the election and had no idea if he did or didn't (on camera no less).

Now wouldn't this go much easier if Hillary would release her 33,000 emails? Then Trump would release his taxes. What is she trying to hide?

Trump was just BSing when he said Hillary should release her 33,000 deleted emails. Did you take him seriously? The emails were deleted. That means she cannot release them.

[Anonymous]

It is legal and that is what matters ...... I say this as a liberal who uses every available loophole and strategy to pay as little in taxes as I can.

Who in their right mind would forgo legitimate deductions to pay more in taxes than they should? Trump can be faulted for many other things but minimizing his taxes using legitimate methods is not one of them.

[Anonymous]

Anonymous wrote:Again no taxes paid, not even $1 contribution to NJ children fund. So now we know for sure he hasn't paid taxes for multiple years. Potentially he could have carried over his bankruptcy loss for decades without paying any taxes or anything to charity.

So we now know he hasn't paid taxes for sure in 1991,1993 and 1995 and for atleast two more decades. So his business MO is to accumulate debt and declare bankruptcy and use the loss to eliminate tax obligations since he uses S-Corp, which allows pass through of business loss to his personal tax returns.

Question: if you declare bankruptcy and get debts erased, can you still claim related losses on your taxes? If so that seems like a massive freaking loophole.