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.

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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.

When was he charged?

You don't have to have been charged to be pardoned.

See: Ford pardons Nixon

https://www.history.com/this-day-in-history/ford-pardons-nixon

Pence can't pardon him for any state crimes, though.

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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.

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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.

When was he charged?

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-- 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.

Why would she be entitled to any money if it is all fraud?

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Anonymous wrote: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?

Because the GOP has no expectation of lawfulness among their candidates.

Anonymous wrote:

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.

Not an accountant either but essentially he can take those losses in chunks, so in real life, it’s not like he made no money and can’t pay for anything. It means if he had $75M in losses one year, he could take those losses over a period of years.

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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.

When was he charged?

Anonymous wrote:

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: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.

Anonymous wrote: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?