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

[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.

do you hear yourself? First, if you are doing this, you should be ashamed. Second: Trump is our President. He shouldn't be moral scum even if he can get away with it. That's not who should be leading us.

[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 Original PP is either a troll, lying about not paying taxes, or he is actually breaking the law and is one audit away from going to prison. However, it's perfectly reasonable for someone in the entertainment business to deduct expenses incurred for makeup, hair, wardrobe, etc. If you are in the entertainment business, you would be able to do exactly the same. Similarly, if you have a car dedicated to business use 100% of the time, then it is perfectly fine to deduct it as a business expense. You probably only use your car for business part time, therefore you can only deduct miles and not the whole car.

[Anonymous]

"You pay taxes but Trump doesn't" is great political messaging, but it isn't the story. Our system protects those who risk losses to create businesses and jobs.

The story is that Trump is a failed businessman who (as a result) is personally indebted, by hundreds of millions of dollars, to America's enemies.

[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/

He still paid $3 million in taxes.

[Anonymous]

Anonymous wrote:"You pay taxes but Trump doesn't" is great political messaging, but it isn't the story. Our system protects those who risk losses to create businesses and jobs.

The story is that Trump is a failed businessman who (as a result) is personally indebted, by hundreds of millions of dollars, to America's enemies.

1.1 billion.

[Anonymous]

Who does Trump owe $400 million to? We are talking half a billion. Is he paying off his debts by offering geopolitical favors to American adversaries like Putin, compromising the lives of our soldiers whom he refers to as suckers?

[Anonymous]

Anonymous wrote:Who does Trump owe $400 million to? We are talking half a billion. Is he paying off his debts by offering geopolitical favors to American adversaries like Putin, compromising the lives of our soldiers whom he refers to as suckers?

If you are wondering about who Donald Trump owes $400 million to, you might want to remember this quote from Eric Trump in 2014.
'Well, we don’t rely on American banks. We have all the funding we need out of Russia.' I said, 'Really?' And he said, 'Oh, yeah. We’ve got some guys that really, really love golf, and they’re really invested in our programs. We just go there all the time.’"
https://thehill.com/homenews/news/332270-eric-trump-in-2014-we-dont-rely-on-american-banks-we-have-all-the-funding-we?fbclid=IwAR28-kzMdyhCL7lx4OrvsrSx70jw9N-7VS-HOg30h5VHmyRdK4ASujlprBQ

Or this quote from Donald Trump Junior in 2008.
"In terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets," Donald Trump Jr. said at a New York real-estate conference that year. "Say, in Dubai, and certainly with our project in SoHo, and anywhere in New York. We see a lot of money pouring in from Russia."
https://www.businessinsider.com/donald-trump-jr-said-money-pouring-in-from-russia-2018-2?fbclid=IwAR0tXrw1XZ29AjBTc1yx4c5wlh-3vmom3vTY-7MlWseT3IXPvCtIGe52Nac

[Anonymous]

Anonymous wrote:

He owe money to Russian oligarchs, Deutsch Bank, and 200million to the Bank of China.

[Anonymous]

Anonymous wrote:

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.

Im the small business owner who posted the original post. Actually the tax code and legal framework of USA rewards entrepreneurs and business owners. Capitalists who make the economy run and provide jobs. And yes it is perfectly legal to have minimal tax liability for years or even decades. it’s not difficult to do if you are a serial entrepreneur like trump is. Understand the big picture he has 500 business entities and losses from some offset profits from another. Some of those losses incurred are paper loss due to legally used strategies like amortization depreciation etc. those paper losses offset real profit and you can continue to do this serially maybe perpetuallly. Yes I have been audited three times and once resulted in IRS sending me a refund back as well. I despise trump but there is no story here. Maybe it’s not ethical or moral but it possibly is legal use of loopholes created by generations of tax code and laws (by both parties). I’ve worked with my CPA two and a half decades and he has been in business two decades before that. No I dont think anything we do is illegal based on posts from strangers on internet who don’t understand specific tax scenarios

[Anonymous]

ONE BILLION DOLLARS

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Im the small business owner who posted the original post. Actually the tax code and legal framework of USA rewards entrepreneurs and business owners. Capitalists who make the economy run and provide jobs. And yes it is perfectly legal to have minimal tax liability for years or even decades. it’s not difficult to do if you are a serial entrepreneur like trump is. Understand the big picture he has 500 business entities and losses from some offset profits from another. Some of those losses incurred are paper loss due to legally used strategies like amortization depreciation etc. those paper losses offset real profit and you can continue to do this serially maybe perpetuallly. Yes I have been audited three times and once resulted in IRS sending me a refund back as well. I despise trump but there is no story here. Maybe it’s not ethical or moral but it possibly is legal use of loopholes created by generations of tax code and laws (by both parties). I’ve worked with my CPA two and a half decades and he has been in business two decades before that. No I dont think anything we do is illegal based on posts from strangers on internet who don’t understand specific tax scenarios

A lot of us are not upset because we think it's illegal. We're upset that regular working Americans pay 10x as much or more in income taxes per year than Trump. You think it's justified because you benefit from the system. We do not think so. And Trump's tax reform made the problem worse.

[Anonymous]

/s

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Im the small business owner who posted the original post. Actually the tax code and legal framework of USA rewards entrepreneurs and business owners. Capitalists who make the economy run and provide jobs. And yes it is perfectly legal to have minimal tax liability for years or even decades. it’s not difficult to do if you are a serial entrepreneur like trump is. Understand the big picture he has 500 business entities and losses from some offset profits from another. Some of those losses incurred are paper loss due to legally used strategies like amortization depreciation etc. those paper losses offset real profit and you can continue to do this serially maybe perpetuallly. Yes I have been audited three times and once resulted in IRS sending me a refund back as well. I despise trump but there is no story here. Maybe it’s not ethical or moral but it possibly is legal use of loopholes created by generations of tax code and laws (by both parties). I’ve worked with my CPA two and a half decades and he has been in business two decades before that. No I dont think anything we do is illegal based on posts from strangers on internet who don’t understand specific tax scenarios

So you're counting on nurses, fire fighters and teachers to fund your military, roads, health care, and safety because -- I'm sorry what was the reason for your tax advantaged situation? Because you take massive risks and live off other peoples' money?

Sorry, that sucks. And I'm self-employed and own 5 rental properties. I haven't had W-2 income in 30 years, but I still pay taxes. Because it's right.

[Anonymous]

Anonymous wrote:I could care less about Trump's taxes as an individual. But I love what he has done for us.

207,000 dead Americans; 27 trillion national debt; 8.5% reported and eligible unemployment rate; schools closed; unprecedented levels of rental evictions; ongoing racial inequality protests throughout the country; billion dollar socialist bailouts for big farmers but very little to small farmers; bailouts to airlines; bailouts to cruise lines; bailouts to large chain restaurants but not local restaurants; USA citizens banned from most Western European countries, Canada, New Zealand, Australia and many Caribbean countries; a rising China after the pullout of the TPP; the relinquishment of a strategic Middle East military base with assets to Russia; and the list goes on.

But, he also gave us a 1.39% increase in the DOW since January 17, 2020. Good job, sparky.

[Anonymous]

This f’king loser belongs in prison. Him and everyone in his family.