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OfflineLogicaL ChaosM
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Trump's Tax Returns
    #25979084 - 05/08/19 02:32 AM (4 years, 10 months ago)

We finally have access to Trump's Tax Returns (Tax Manuscripts to be exact) for the last 30 years. Pretty interesting stuff: https://abcnews.go.com/Politics/trumps-businesses-lost-billion-10-years-tax-documents/story?id=62895279

Apparently, Trump lost a lot of money (up to a Billion dollars) from real estate losses over the last 10 years. Because of those losses in value on his real estate, he has been given a pass on having to pay federal income tax.

Do you think this is fair? Should Trump's losses on real estate value give him a valid reason not to pay any income tax? Was the reason why Trump didnt release his tax info because he was embarssed by how much money he lost? Or was it perhaps that he got a pass on having to pay income tax?

Has Trump's previous property money trouble's influenced his current federal tax law? If so, in what ways are they similar?


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Edited by LogicaL Chaos (05/08/19 07:43 AM)

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OfflineXUL
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Re: Trump's Tax Returns [Re: LogicaL Chaos]
    #25979211 - 05/08/19 05:47 AM (4 years, 10 months ago)

Is he going to jail for tax fraud then?


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TRUMP 2020

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Invisiblevinsue
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Re: Trump's Tax Returns [Re: LogicaL Chaos] * 1
    #25979212 - 05/08/19 05:47 AM (4 years, 10 months ago)

I suspect his reported losses were exaggerated to game the tax codes.
He called it "sport".
https://www.cnbc.com/2019/05/08/trump-defends-tax-tactics-after-nyt-story-says-he-racked-up-more-than-1-billion-in-losses-it-was-sport.html

BTW, That Executive privilege shit won't work in New York State.
https://13wham.com/news/state/ny-lawmakers-jump-into-fight-over-trump-tax-returns
"ALBANY, N.Y. (AP) — New York's senate is poised to approve a bill Wednesday that would allow three congressional committees to get access to President Donald Trump's state tax returns, giving Democrats a potential end-run around the administration's refusal to disclose the president's federal returns.

The bill, which would still need approval in the state Assembly, doesn't target Trump by name, but would authorize state tax officials to release returns filed by seven different types of state and federal officeholders if requested by the leaders of the House Ways and Means Committee, the Senate Finance Committee or the Joint Committee on Taxation.

The law would apply to returns filed by the U.S. president and vice president, U.S. senators, or the state's governor, lieutenant governor, attorney general or comptroller.

It would include filings related to personal income taxes, real estate taxes and corporate income taxes and cover up to five years of returns before the person took office..."

:chaingang: . . . :peace:


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OfflineLogicaL ChaosM
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Re: Trump's Tax Returns [Re: vinsue]
    #25979222 - 05/08/19 05:56 AM (4 years, 10 months ago)

Ha "sport". Reminds me of a psy-ops tactic called "gaming". But thats for the Conspiracy Forum :wink:

So New York state is saying he *has* to pay on state tax despite not having to pay federal tax? It kinda makes sense i guess, since state and federal taxing is quite different.

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OfflineLogicaL ChaosM
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Re: Trump's Tax Returns [Re: XUL]
    #25979228 - 05/08/19 06:01 AM (4 years, 10 months ago)

Quote:

XUL said:
Is he going to jail for tax fraud then?




Very likely not. Presidents dont go to jail anyway.

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Onlinechristopera
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Re: Trump's Tax Returns [Re: LogicaL Chaos] * 2
    #25979371 - 05/08/19 07:39 AM (4 years, 10 months ago)

We learned exactly what anybody with a shred of honesty knew we would learn.


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InvisibleCitizen X
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Re: Trump's Tax Returns [Re: christopera]
    #25979378 - 05/08/19 07:43 AM (4 years, 10 months ago)

Trying to get the truth from a master liar

Good luck!


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OfflineKinko
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Re: Trump's Tax Returns [Re: Citizen X] * 1
    #25979404 - 05/08/19 08:14 AM (4 years, 10 months ago)

Trump 2020

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Offlinekoods
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Re: Trump's Tax Returns [Re: christopera]
    #25979416 - 05/08/19 08:22 AM (4 years, 10 months ago)

Quote:

christopera said:
We learned exactly what anybody with a shred of honesty knew we would learn.




Trump supporters are the stupidest people on earth


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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OfflineXUL
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Re: Trump's Tax Returns [Re: LogicaL Chaos]
    #25979419 - 05/08/19 08:26 AM (4 years, 10 months ago)

Quote:

LogicaL Chaos said:
Quote:

XUL said:
Is he going to jail for tax fraud then?




Very likely not. Presidents dont go to jail anyway.




Did he commit fraud?


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TRUMP 2020

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Offlinekoods
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Re: Trump's Tax Returns [Re: XUL]
    #25979427 - 05/08/19 08:31 AM (4 years, 10 months ago)

He lost more than twice as much money as any other American in 1991. Amazing

Quote:

In 1990 and 1991, Trump’s core businesses lost more than $250 million each year — more than double those of the nearest taxpayers in the sampling, the Times reported. The new tax data also showed that although Trump legally used losses to avoid paying taxes on future income, those net operating losses snowballed, reaching $418 million in 1991 — 1 percent of all the losses the IRS reported had been declared by individual taxpayers that year, the Times reported.




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NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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OfflineXUL
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Re: Trump's Tax Returns [Re: koods]
    #25979430 - 05/08/19 08:32 AM (4 years, 10 months ago)

No collusion

No tax fraud

I thought you said he was going to jail for tax fraud?


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TRUMP 2020

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OfflineLogicaL ChaosM
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Re: Trump's Tax Returns [Re: XUL]
    #25979443 - 05/08/19 08:43 AM (4 years, 10 months ago)

Im not sure its tax fraud. Im no tax law expert, but i believe u can use property deprecation for a tax break.

Its more of a ethical discussion as in, why does Trump get a tax break when we dont? Its not like Trump went bankrupt....

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Offlinekoods
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Re: Trump's Tax Returns [Re: XUL]
    #25979447 - 05/08/19 08:46 AM (4 years, 10 months ago)

Quote:

XUL said:
No collusion

No tax fraud

I thought you said he was going to jail for tax fraud?



It’s entirely possible. New York State is all over him.


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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Onlinechristopera
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Re: Trump's Tax Returns [Re: koods] * 3
    #25979458 - 05/08/19 08:50 AM (4 years, 10 months ago)

The NY investigation is without a doubt the investigation that Trump needs to worry about.


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Enjoy the process of your search without succumbing to the pressure of the result.

A Dorito is pizza, change my mind.

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InvisibleCitizen X
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Re: Trump's Tax Returns [Re: christopera]
    #25979474 - 05/08/19 08:59 AM (4 years, 10 months ago)

The president is protected even he’s a criminal. Didn’t we figure this out yet?


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Offlinekoods
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Re: Trump's Tax Returns [Re: christopera]
    #25979475 - 05/08/19 08:59 AM (4 years, 10 months ago)

I have no doubt he interfering with the federal probes at this point.


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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OfflineXUL
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Re: Trump's Tax Returns [Re: koods]
    #25979483 - 05/08/19 09:02 AM (4 years, 10 months ago)

He's probably spying on the Biden campaign.


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TRUMP 2020

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Onlinechristopera
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Re: Trump's Tax Returns [Re: XUL] * 1
    #25979489 - 05/08/19 09:05 AM (4 years, 10 months ago)

Quote:

XUL said:
He's probably spying on the Biden campaign.




I guess that would make Trump a pedo by association.

this is a joke


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Enjoy the process of your search without succumbing to the pressure of the result.

A Dorito is pizza, change my mind.

Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things

I’m sorry it had to be me.

Edited by christopera (05/08/19 09:05 AM)

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OfflineFalcon91Wolvrn03
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Re: Trump's Tax Returns [Re: koods]
    #25979633 - 05/08/19 10:32 AM (4 years, 10 months ago)

Quote:

koods said:
He lost more than twice as much money as any other American in 1991. Amazing




Quote:

koods said:
Quote:

XUL said:
I thought you said he was going to jail for tax fraud?



It’s entirely possible. New York State is all over him.



So...  do you think he lost a lot of money, or do you think he made a lot and committed tax fraud?


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I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.

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