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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]For everyone saying this is all totally legal and normal (which is far from evidence and you know it), there is still a big problem here, which is that teachers and nurses and construction workers shouldn’t be paying ten times more in races every year than a purported billionaire. If Trump really cared about the American people, his tax law would have been focused on closing loopholes and easing the burden on middle income Americans who are struggling to make ends meet, rather than further enriching himself at their expense. Cheer for him all you want, but don’t fool yourself for a minute that he cares about you. He thinks of you all as useful idiots, nothing more.[/quote] +1 The "accountants" on this thread are either too in the weeds to see the big picture, or are desperate Trump supporters.[/quote] Don't democrats value the opinion of experts? Imagine if someone said that climate scientists are too in the weeds to see the big picture, or are desperate Democratic supporters. [/quote] Sorry, are you saying Trump doesn't pay a tiny fraction in income taxes of what teachers, nurses and construction workers pay? Please give me your expert opinion. I'm just a lay person so I don't know if I can understand this fundamental point.[/quote] If you admit to being ignorant, then perhaps be a little more modest and less accusatory towards people who know more than you on the subject matter. No one is saying everything that Trump has done with regards to taxes is perfectly fine - just that we don't have enough information to conclude one way or another. It is common and normal for wealthy people, especially those in real estate investments, to use depreciation and other mechanisms to lower/manage their present tax payments. This does *NOT* absolve them from the need to pay taxes on gains, just delay them to future years. The mere fact that Trump paid little to no taxes in two years says *NOTHING* about how much taxes he will eventually have to pay on those gains. This is like a climate change denier pointing to two cold winters and saying "aha! see! there is no global warming!" The tax will be due, sooner or later. Trump can only delay it. The only escape is death, but that's another topic. [/quote] Just because something is common among the wealthy does not mean it is okay. I don't get to put off my taxes year after year (it's not just two - and do not get me started on how utterly ridiculous it is to compare your anonymous posts to decades of consensus on climate science) - and I get charged interest if I make a mistake and underpay. None of this is okay or normal, and regular taxpayers can see that clearly.[/quote] You don't have a 401K or a 529? An IRA? You don't have a home office on which you claim depreciation deductions? If you do have any of those things, you are, in fact, putting off your taxes year after year.[/quote]
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