Anonymous wrote:Again, TRUMP DOESN'T KNOW THE TAX CODE, HIS ACCOUNTANT DOES!
And he is NOT going to fix the tax code so that people like him pay more. Quite the opposite. He wants to "fix" things like the estate tax. Does that benefit the middle class?
Anonymous wrote:Anonymous wrote:Your one sentence says it all.Anonymous wrote:Anonymous wrote:No one should care.
NOLs are basic non-partisan fundamental tax policy that reflects economic reality. They are not loopholes. They involve no trickery. They are a cornerstone of ALL income tax systems worldwide.
Further, no one has ANY idea how that 912 million dollar loss was adjusted in subsequent years. It may we'll be that subsequent events lessened that loss. Do you know if amended returns were filed?
Really, the only thing this thread (and related threads) have shown is that the "highly educated and very smart DCUM audience has no idea how taxes work. At all. And really shouldn't be commenting on it at all.
For the record, I am not a Trump supporter in any sense. I will not vote for him. I will not advocate for anything that joke says. But if you are going to go on the attack, please do so based on solid policy grounds. Not some knee jerk reaction to something you don't understand.
And once again, the issue is not that he took advantage of the legal tax laws.
So you don't get that Trump has built his legitimacy for the Presidency on the business acumen he claims to have. He also claims to have created thousands of jobs, and if he can do it in the private sector, he can lead as president. But whoops, he managed to bungle making money in a regulated industry to the tune of a Billion dollar loss. In that process, he stiffed thousands of workers they paychecks in the construction of the casinos and then closed the casinos, costing additional jobs both directly and indirectly. What he did to Atlantic City is a poster for what he would do to the United States.
So yes, what he did was perfectly legal, but it undermines the entire house of cards his campaign has been predicated on.
I would also add that there is no validation that the loss he claims is accurate, and thus no validation that the carry-over losses are valid.
Anonymous wrote:No one should care.
NOLs are basic non-partisan fundamental tax policy that reflects economic reality. They are not loopholes. They involve no trickery. They are a cornerstone of ALL income tax systems worldwide.
Further, no one has ANY idea how that 912 million dollar loss was adjusted in subsequent years. It may we'll be that subsequent events lessened that loss. Do you know if amended returns were filed?
Really, the only thing this thread (and related threads) have shown is that the "highly educated and very smart DCUM audience has no idea how taxes work. At all. And really shouldn't be commenting on it at all.
For the record, I am not a Trump supporter in any sense. I will not vote for him. I will not advocate for anything that joke says. But if you are going to go on the attack, please do so based on solid policy grounds. Not some knee jerk reaction to something you don't understand.
Anonymous wrote:Anonymous wrote:Your one sentence says it all.Anonymous wrote:Anonymous wrote:No one should care.
NOLs are basic non-partisan fundamental tax policy that reflects economic reality. They are not loopholes. They involve no trickery. They are a cornerstone of ALL income tax systems worldwide.
Further, no one has ANY idea how that 912 million dollar loss was adjusted in subsequent years. It may we'll be that subsequent events lessened that loss. Do you know if amended returns were filed?
Really, the only thing this thread (and related threads) have shown is that the "highly educated and very smart DCUM audience has no idea how taxes work. At all. And really shouldn't be commenting on it at all.
For the record, I am not a Trump supporter in any sense. I will not vote for him. I will not advocate for anything that joke says. But if you are going to go on the attack, please do so based on solid policy grounds. Not some knee jerk reaction to something you don't understand.
And once again, the issue is not that he took advantage of the legal tax laws.
So you don't get that Trump has built his legitimacy for the Presidency on the business acumen he claims to have. He also claims to have created thousands of jobs, and if he can do it in the private sector, he can lead as president. But whoops, he managed to bungle making money in a regulated industry to the tune of a Billion dollar loss. In that process, he stiffed thousands of workers they paychecks in the construction of the casinos and then closed the casinos, costing additional jobs both directly and indirectly. What he did to Atlantic City is a poster for what he would do to the United States.
So yes, what he did was perfectly legal, but it undermines the entire house of cards his campaign has been predicated on.
I would also add that there is no validation that the loss he claims is accurate, and thus no validation that the carry-over losses are valid.
Anonymous wrote:Your one sentence says it all.Anonymous wrote:Anonymous wrote:No one should care.
NOLs are basic non-partisan fundamental tax policy that reflects economic reality. They are not loopholes. They involve no trickery. They are a cornerstone of ALL income tax systems worldwide.
Further, no one has ANY idea how that 912 million dollar loss was adjusted in subsequent years. It may we'll be that subsequent events lessened that loss. Do you know if amended returns were filed?
Really, the only thing this thread (and related threads) have shown is that the "highly educated and very smart DCUM audience has no idea how taxes work. At all. And really shouldn't be commenting on it at all.
For the record, I am not a Trump supporter in any sense. I will not vote for him. I will not advocate for anything that joke says. But if you are going to go on the attack, please do so based on solid policy grounds. Not some knee jerk reaction to something you don't understand.
And once again, the issue is not that he took advantage of the legal tax laws.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Who could have leaked them? We know that the liberals at the IRS "do what it takes" to get the Democrat elected. Could it have been a Lois Lerner type?
Unlikely since the forms leaked were state tax forms, not federal.
The papers were mailed with a return address of the Trump Tower in NY. Trump or a family member leaked them, or a disgruntled employee. It's hard to guess which is more or less likely.
I was wondering if he had a different accountant back then, and whether they had been paid.....
It's really unlikely someone in the IRS will leak federal forms- whoever did so would get in a lot of trouble, and the IRS can track who even viewed an individual's form. So it would be difficult to get away with it.
Your one sentence says it all.Anonymous wrote:Anonymous wrote:No one should care.
NOLs are basic non-partisan fundamental tax policy that reflects economic reality. They are not loopholes. They involve no trickery. They are a cornerstone of ALL income tax systems worldwide.
Further, no one has ANY idea how that 912 million dollar loss was adjusted in subsequent years. It may we'll be that subsequent events lessened that loss. Do you know if amended returns were filed?
Really, the only thing this thread (and related threads) have shown is that the "highly educated and very smart DCUM audience has no idea how taxes work. At all. And really shouldn't be commenting on it at all.
For the record, I am not a Trump supporter in any sense. I will not vote for him. I will not advocate for anything that joke says. But if you are going to go on the attack, please do so based on solid policy grounds. Not some knee jerk reaction to something you don't understand.
And once again, the issue is not that he took advantage of the legal tax laws.
Anonymous wrote:No one should care.
NOLs are basic non-partisan fundamental tax policy that reflects economic reality. They are not loopholes. They involve no trickery. They are a cornerstone of ALL income tax systems worldwide.
Further, no one has ANY idea how that 912 million dollar loss was adjusted in subsequent years. It may we'll be that subsequent events lessened that loss. Do you know if amended returns were filed?
Really, the only thing this thread (and related threads) have shown is that the "highly educated and very smart DCUM audience has no idea how taxes work. At all. And really shouldn't be commenting on it at all.
For the record, I am not a Trump supporter in any sense. I will not vote for him. I will not advocate for anything that joke says. But if you are going to go on the attack, please do so based on solid policy grounds. Not some knee jerk reaction to something you don't understand.
Anonymous wrote:Anonymous wrote:It's funny to watch the liberals and the liberal media get in a frenzy over this. Nobody voting for him cares.
Undecideds care.
It's funny how the same group that whined about how half the country paid no taxes is now calling Trump a genius for joining their ranks.
Anonymous wrote:It's funny to watch the liberals and the liberal media get in a frenzy over this. Nobody voting for him cares.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Who could have leaked them? We know that the liberals at the IRS "do what it takes" to get the Democrat elected. Could it have been a Lois Lerner type?
Unlikely since the forms leaked were state tax forms, not federal.
The papers were mailed with a return address of the Trump Tower in NY. Trump or a family member leaked them, or a disgruntled employee. It's hard to guess which is more or less likely.