NO TAX for 20 years!

Discussion in 'Politics' started by Magoo, Oct 1, 2016.

  1. Magoo

    Magoo You don't have to be Einstein to figure it out

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    https://verizon.yahoo.com/news/trumps-1995-tax-records-suggest-no-federal-taxes-025429873.html

    What a Bum you guys support
    GEEEZE!

    The Times said it had obtained Trump's 1995 tax records and that they showed he received the large tax benefits from financial deals that went bad in the early 1990s.

    The newspaper said that tax experts it hired to analyze Trump's records said tax rules which are especially advantageous to wealthy filers would have let Trump use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.

    The Times said that although Trump's taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years.



    Stick a fork in it
    He's done
     
    pilot87 likes this.
  2. SAC75

    SAC75 Well-Known Member

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    Trump made jobs which in turn pay taxes. Do you employ anyone? Maybe you should run for office!!!!!
     
    Apostolic likes this.
  3. a9faninnc

    a9faninnc Super Moderator Staff Member

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    Wonder when he is going to jail for tax fraud???Well,since he is audited every year and he hasn't been jailed yet,I guess everything is legal,under the tax laws??
     
  4. ABFer

    ABFer Super Moderator Staff Member

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    I just KNEW that Mr. Magoo would be all over this. Thanks for posting enough information that I didn't have to go digging, buddy. Nothing to really see here. I have a little gadget that I have been working on and thus far it has not been a winning proposition. Then I installed a solar array, which included $14,000 federal tax credit. Now, that $14,000 credit is only collectible against taxes that I pay and I'm not paying $14,000 a year in taxes, particularly when adding in the losses on my gadget. So...we look at the IRS regulations and see how many years we can apply the credit to our taxes and we adjust our IRA withdrawals accordingly. Better to pull out that IRA money and pay NO tax on it than let that tax credit go to waste THEN pull out the IRA funds and pay taxes on them then too. If you find any evidence of fraud and manipulations please post them for us.
     
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  5. a9faninnc

    a9faninnc Super Moderator Staff Member

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    Trump not paying takes money out of his pocket,since he is a gubment beneficiary,lol
     
  6. SuperCourse

    SuperCourse WHO IS JOHN GALT?

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    Change the tax laws.
     
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  7. SuperCourse

    SuperCourse WHO IS JOHN GALT?

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    G.E.’s Strategies Let It Avoid Taxes Altogether

    The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

    Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

    http://www.nytimes.com/2011/03/25/business/economy/25tax.html?_r=0
     
    ABFer likes this.
  8. Keepingon

    Keepingon Well-Known Member

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    The hit piece article is a joke it uses the words "suggest" and "may allow" another BS BIASED HIT JOB
    This thread is a joke it's a damn shame what the media is doing to this country.
     
    Northern Flash, Bart, ABFer and 2 others like this.
  9. ABFer

    ABFer Super Moderator Staff Member

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    No doubt, I was shocked that applying that loss for 18 years was permissible but since I heard that I feel less anxious about this big Trump tax hullabaloo.
     
  10. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Trump and all like him don't pay so you have to.
    And you deserve it. because you worship the rich and refuse to raise their tax's.
    You can see how that works out for you on your pay stub.
     
  11. ABFer

    ABFer Super Moderator Staff Member

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    We aren't (well I'm not) saying that the tax codes don't need changing, I'm saying that there is not remotely one thing done wrong by the Trumpster here.
     
  12. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Thats only one trick up his sleeve.
    Take a look at what I posted the other day. ( apparently no one wants to look at it)
    Watch the interview, the man will splain it so we all can understand.
    Then come back and tell me it's alright by you.
    And theres more tricks where that comes from.
    go here, you don't even have to read just start the video
    http://www.pbs.org/newshour/bb/seeing-trumps-tax-returns-really-matters/#
     
  13. Magoo

    Magoo You don't have to be Einstein to figure it out

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    I'll post what he did do wrong. but for now its looks like he will be shamed into releasing his returns
     
  14. ABFer

    ABFer Super Moderator Staff Member

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    :guiness: Groovy.
    puff puff
     
  15. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Do you think a Mr Donald Trump President would hurt the family scam?
     
  16. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Wonder what super F-up he did to lose a billion dollars?
    You know how smart he is! :438:
     
  17. ABFer

    ABFer Super Moderator Staff Member

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    If he only did it once he's way ahead of the Bammer already.
     
  18. Magoo

    Magoo You don't have to be Einstein to figure it out

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    4 times bankrupt
     
  19. SuperCourse

    SuperCourse WHO IS JOHN GALT?

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    I did the same thing on a much smaller scale. When the dotcom bubble burst at the end of the Clinton Admin. I had losses on stock that I got to right off against capital gains for years. Losses can be carried over from year to year. It's all in the tax code, you don't like it, change it. Don't demonize people for using the law to their advantage.
     
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  20. Rastus

    Rastus ......Deplorable.....

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    You said on here you don't pay taxes.
    Can we sign you up for as a Trump voter?
     
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