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.

Trump's a big f**king crook. I know everyone is very shocked.

Anonymous wrote:Not an accountant here, but how does a person pay for the regular stuff of life - food, clothing, heat, shelter, transportation - with so little income as to generate virtually no income tax? How can a person - not a business but a person - have big enough losses to erase ALL their taxable income? I mean the business can't pay for ALL your personal expenses.

The idea is that they write all personal costs of living as business expenses if they are self-employed.

I dated someone and slowly realized he was cheating on his taxes. Because of that and other issues, I said bye.

Here are some examples of how you can cheat.

One time he bought a piece of clothing for me as a gift and then said he was keeping the receipt so that he could write it off as a business expense.

He was subletting an apt and deducted the rent as a salary expense - the person subletting did not live in the USA but claimed it as personal US income so that they could become eligible for benefits like a pension plan in the US. Win win for all (except the American taxpayers).

His other scam was to have an ex-wife wire him money every month. Then he would send her a cheque for that amount (minus the costs of receiving wired funds), and then deduct this amount as salary expenses. Another win-win for these two.

He wrote off all meals and travel, clothing, phone, internet -- all personal expenses were considered business.

After deducting all of these expenses, he owed a few hundred dollars in taxes. One year, he actually had a "loss" in his business and didn't owe anything.

Still, this low-life was paying more taxes than Donald.

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?

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?

Can anyone answer - - after all of these allegations (and probably more to come) are snowballing out, how can trump even be allowed to run for re-election?

Anonymous wrote:Not an accountant here, but how does a person pay for the regular stuff of life - food, clothing, heat, shelter, transportation - with so little income as to generate virtually no income tax? How can a person - not a business but a person - have big enough losses to erase ALL their taxable income? I mean the business can't pay for ALL your personal expenses.

You can have an income then have depreciation that offsets your income. He could have easily made $50 million but showed enough depreciation that he doesn't owe any taxes. He still has $50 million in the bank

Anonymous wrote:

-- I'm genuinely curious how the Times got this information. They say they got it from sources (plural) with "legal access." This narrows the list down to several possibilities:

Melania? In return for immunity? Worked something out with NY and also gave the returns to NYT? I think the only thing she cares about is her son and a decent settlement.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The NYTs framed this perfectly and established the narrative: $750.

It’s a relatable number because even people who make minimum wage pay more than this in income taxes. It’s burned into the national psyche and is such an easy to understand talking point.

As we see, Republicans lawyers and accountants will be trotted out to try to explain it away. But for the average voter? Their eyes glaze over with the swamp-talk and just remember “750 dollars.”

Trump is now playing defense; he’s terrible at defense. It’s when he is at his weakest and most pathetic because he is a control freak.

$750. It will be his Romney “takers” moment.

We should start a fundraising campaign. Everyone donate $750 to Act Blue in the name of DJT.

I would do it! I donated today, but would love the tracking and theme of the $750per!

I think it would be better as a '$75.00 for $750 campaign - vote the tax fraud out today'.

Or maybe see if they can get a donor to match $750 to every $75. IDK. But if they're going to blast it to the masses, under $100 is always better.

If you all don't think this doesn't have far reaching consequences, especially in the armed forces which is notoriously non-partisan - think again.

Anonymous wrote:

Anonymous wrote:The NYTs framed this perfectly and established the narrative: $750.

It’s a relatable number because even people who make minimum wage pay more than this in income taxes. It’s burned into the national psyche and is such an easy to understand talking point.

As we see, Republicans lawyers and accountants will be trotted out to try to explain it away. But for the average voter? Their eyes glaze over with the swamp-talk and just remember “750 dollars.”

Trump is now playing defense; he’s terrible at defense. It’s when he is at his weakest and most pathetic because he is a control freak.

$750. It will be his Romney “takers” moment.

We should start a fundraising campaign. Everyone donate $750 to Act Blue in the name of DJT.

I would do it! I donated today, but would love the tracking and theme of the $750per!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jared just deleted/wiped his twitter activity.

Thoughts and prayers.

I can't believe that!

Why would he do that?

Snopes says he didn't.

Anonymous wrote:

Anonymous wrote:Jared just deleted/wiped his twitter activity.

Thoughts and prayers.

I can't believe that!

Why would he do that?

Anonymous wrote:Jared just deleted/wiped his twitter activity.

Thoughts and prayers.

I can't believe that!

Anonymous wrote:Not an accountant here, but how does a person pay for the regular stuff of life - food, clothing, heat, shelter, transportation - with so little income as to generate virtually no income tax? How can a person - not a business but a person - have big enough losses to erase ALL their taxable income? I mean the business can't pay for ALL your personal expenses.

Loss carry forwards and depreciation.