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

[Anonymous]

All you wealthy people who are so proud you don't pay any income tax. You know that the wealthy in 18th Century France were exempt from tax and this was one of the causes of the French Revolution, right? So thanks for the inside look, I want to soak y'all more than ever.

[Anonymous]

Anonymous wrote:I'm a small business owner. Own multiple small businesses and several real estate investments. high 6 to 7 figure/annum income depending on the year. DESPISE TRUMP and am disgusted he is president. But there is nothing here. I haven't paid much tax for decades but I do pay our CPA a nice chunk of change to legally and cleanly make most of my taxes disappear. I believe most entrepreneurs, business owners and real estate investors end up paying minimal income tax. I know lot of folks earning millions a year paying less in tax than our school bus driver. Why blame trump for doing the same?

I'm just so worried that all this desperation by Dems and mainstream media to bring him down is going to blow up in our faces.

You’re a liar or your CPA is breaking the law. I’m also a small business owner, revenue was $3 million in 2019. Legally I can’t expense my clothes or haircuts. Why can Trump? I can deduct mileage but legally I can’t expense a car. Why can Trump? Sure, some of this has to do with real estate depreciation...but his fraudulent expenses and deductions are outrageous. You should get a new CPA before you’re audited.

[Anonymous]

Guys! Reading this newest story, I'm afraid Trump may be a shitty person and the people who support him may also be terrible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm a small business owner. Own multiple small businesses and several real estate investments. high 6 to 7 figure/annum income depending on the year. DESPISE TRUMP and am disgusted he is president. But there is nothing here. I haven't paid much tax for decades but I do pay our CPA a nice chunk of change to legally and cleanly make most of my taxes disappear. I believe most entrepreneurs, business owners and real estate investors end up paying minimal income tax. I know lot of folks earning millions a year paying less in tax than our school bus driver. Why blame trump for doing the same?

I'm just so worried that all this desperation by Dems and mainstream media to bring him down is going to blow up in our faces.

You’re a liar or your CPA is breaking the law. I’m also a small business owner, revenue was $3 million in 2019. Legally I can’t expense my clothes or haircuts. Why can Trump? I can deduct mileage but legally I can’t expense a car. Why can Trump? Sure, some of this has to do with real estate depreciation...but his fraudulent expenses and deductions are outrageous. You should get a new CPA before you’re audited.

Don't forget talking to your daughter and passing it off as consultancy fees!

[Anonymous]

LOLz. Breitbart headline now:

"Joe Biden Exploited S-Corporation Loophole to Avoid Payroll Tax"

https://www.breitbart.com/politics/2020/09/28/joe-biden-allegedly-exploited-s-corporation-loophole-to-avoid-paying-medicare-social-security-taxes/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I just saw this theory on another message board but do we think if Trump loses the election, he will resign so Pence can pardon him?

Pardon him for what?

Tax fraud, money laundering, all the other federal crimes he committed.

When was he charged?

What are you talking about?

I believe the PP is asking you when Trump was indicted for all these crimes.

And someone already answered that Ford pardoned Nixon for crimes he committed but for which he had yet to be charged.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm a small business owner. Own multiple small businesses and several real estate investments. high 6 to 7 figure/annum income depending on the year. DESPISE TRUMP and am disgusted he is president. But there is nothing here. I haven't paid much tax for decades but I do pay our CPA a nice chunk of change to legally and cleanly make most of my taxes disappear. I believe most entrepreneurs, business owners and real estate investors end up paying minimal income tax. I know lot of folks earning millions a year paying less in tax than our school bus driver. Why blame trump for doing the same?

I'm just so worried that all this desperation by Dems and mainstream media to bring him down is going to blow up in our faces.

You’re a liar or your CPA is breaking the law. I’m also a small business owner, revenue was $3 million in 2019. Legally I can’t expense my clothes or haircuts. Why can Trump? I can deduct mileage but legally I can’t expense a car. Why can Trump? Sure, some of this has to do with real estate depreciation...but his fraudulent expenses and deductions are outrageous. You should get a new CPA before you’re audited.

+1. While there are lots of ways to manipulate that numbers, at the end of the day your deductions have to reflects actual expenses incurred. While you may be able to manipulate numbers to show little or no tax obligations for a few years, eventually the chickens come home to roost. If they don’t, you’re probably engaged in tax fraud.

[Anonymous]

Anonymous wrote:LOLz. Breitbart headline now:

"Joe Biden Exploited S-Corporation Loophole to Avoid Payroll Tax"

https://www.breitbart.com/politics/2020/09/28/joe-biden-allegedly-exploited-s-corporation-loophole-to-avoid-paying-medicare-social-security-taxes/

And as VP he supported closing that loophole. But wouldn’t Trump think he was “smart” for using it?

[Anonymous]

So trump is stupid and did all these taxes himself?

[Anonymous]

Anonymous wrote:So trump is stupid and did all these taxes himself?

He signed them, didn’t he?

[Anonymous]

[Anonymous]

Anonymous wrote:

More on this:

[Anonymous]

Anonymous wrote:All you wealthy people who are so proud you don't pay any income tax. You know that the wealthy in 18th Century France were exempt from tax and this was one of the causes of the French Revolution, right? So thanks for the inside look, I want to soak y'all more than ever.

You going too far back these folks don’t follow history.

[Anonymous]

Anonymous wrote:So trump is stupid and did all these taxes himself?

Yes, he is stupid and no he didn't do them by himself.

I suspect when he first asked his accountant if he could deduct haurcuts, the accountant said no, so he fired that accountant and hired one who said yes. We all know that's how Trump operates, so why are you surprised.

[Anonymous]

Anonymous wrote:So trump is stupid and did all these taxes himself?

The tax filer is the one whose signature goes on the returns, and the filet is the one responsible for verifying that all of the information is accurate. If Trump’s tax accountants screwed something up independent of Trump and he ends up incurring additional liability because of it, he can sue them accordingly, but the IRS is going to hold Trump himself accountable.