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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not a Trump supporter by a long shot. But as a CPA, I'd want to see the actual tax returns. $750 tells me nothing. He may have been taking deductions that are allowed according to the U.S. tax code. Show us the actual returns.[/quote]

As a CPA, you’re probably aware of the potential legal pitfalls of claiming massive losses to avoid paying federal income taxes while inflating your  revenues and assets on bank documents for loan purposes.  Wouldn’t you tell your client that constitutes fraud? [/quote]

No.  Not at all.  The accounting systems for tax and for financial reporting purposes are substantially different beasts.[/quote]

This. The general public just doesn't understand enough about the different reporting systems. [/quote]

You know, I know next to nothing about tax law, but I do know that someone who lives like Donald Trump should be paying a lot more than $750 in taxes, and that Trump's tax reform only exacerbated this problem.[/quote]

Ignorant and proud of it!

You go girl/guy![/quote]

Name-calling... looks like I got a nerve. All the accountant-splaining in the world doesn't change the fact that Trump paid next to nothing in income taxes. Meanwhile, this is how his 2017 tax reform plan was described by the Center for Public Integrity:

"The 2017 law does modestly cut taxes for the lower and middle classes, but its main beneficiaries were the rich and corporations. And the law actually created more loopholes and tax breaks, experts say, favoring those who can afford pricey accounting help. Ed Kleinbard, former chief of Congress’ nonpartisan Joint Committee on Taxation, which assesses tax legislation Congress proposes, called the law a “Christmas present to the donor class” and “an abomination.”

I guess regular people who pay taxes are also losers and suckers.

[/quote]

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