Donald Trump paid $750 in federal tax in 2016, but the defense cost is about $6,000/household

Nithavela said:

"If it doesn't kill you, you don't need to know."

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Quick, somebody chisel this on Nietzsche’s tombstone!

Hammster said:

You seem to know things.

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Everybody is saying it. I'm hearing it from many, many people. Good people. Smart people. Nobody knew how illegal this could all be.

Hammster said:

You seem to know things.

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Claiming a $70,000 tax deduction on your hair and over $1 million in charitable "consulting fees" for giving advice to your own daughter is tax evasion, plain and simple. Everybody knows that. At least, for when the person doing it is anyone but Trump.

Hammster said:

It should be very easy to prove in a court of law, then.

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Especially in a court of law with a 6 to 3 conservative majority.

Nithavela said:

Especially in a court of law with a 6 to 3 conservative majority.

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In a country where a sitting president can't be indicted. But other than that, seems like a perfectly cromulent defense.

wing2000 said:

<crickets>

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50-50 having the same question (and answer) at tonight's debate.

KCfromNC said:

In a country where a sitting president can't be indicted. But other than that, seems like a perfectly cromulent defense.

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Loot at the silly monkey!

Hammster said:

That’s a false equivalency.

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No it's not. It is refutation by counterexample.

FireDragon76 said:

Perhaps because Trump really does do bad things?

Have you stopped to consider maybe it is you who are being mislead?




Project much?

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Does Russian conspiracy ring any bells?

KCfromNC said:

Not true. Read the NYT article.

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Before I would consider anything as close to a fact I would want to see the original tax returns. The NYT has a history of making news rather than reporting news.

Halbhh said:

Good question.

One can easily read about the Trump business holdings. These business rely on customers. And Trump goes to great extremes to publicize his businesses. So these enterprises are especially visible.

Because of Covid, customers are reduced for hotels for example.

Imagine big loan payments looming. They need a very fast recovery, all stops out.

But even then, it seems likely they'll need more than only a late 2021 recovery.

If they were doing so well as to have large profits enough to accumulate plenty of reserves in the last 10, 15 years...

...then why were Trumps taxes so very, very low for 12 of 15 recent years....?

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You are in your own words imagining. We need the facts not speculation. Especially speculation by people who know nothing about taxes, accelerated depreciation, tax credits, profit and loss statements, cash flow or any of the other facts that would take quite some time to explain to people who are not in business or understand accounting.

disciple Clint said:

Before I would consider anything as close to a fact I would want to see the original tax returns. The NYT has a history of making news rather than reporting news.

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When it comes to reliability the NYT rates quite high.

New York Times - Media Bias/Fact Check

usexpat97 said:

Okay...

I'm right here. Help me understand it.

Show me your evidence that what YOU say has any regard for truth, and is not just a hit job on the MSM, and I look into who's telling the truth.

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If you have not seen what has been going on for the past 4 years a google search will provide an answer.

Pommer said:

No. The NTY would not open the publishers up to being sued into oblivion (and yea, verily, beyond).
The lawyers have been over every, single word.

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The NYT has been sued numerous times. for example Liberty University files $10 million lawsuit against The New York Times

Skreeper said:

When it comes to reliability the NYT rates quite high.

New York Times - Media Bias/Fact Check

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would that include all the stories about Trump and or the Russia fiasco.

Halbhh said:

That's not relevant to this thread, which is about tax fairness, regarding rich people posting so little tax over time when making huge or middling or weak profits.

And regardless, living large and paying little tax for decades.

Unlike other high income people.

That's a broken tax system unless Trump really isn't making hardly any money and is on the way to another bankruptcy. Even is he is, it's still a broken tax system in my opinion.

It would be better to scrap the income tax entirely and have a national sales tax rich people like Trump can't avoid.

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I'm all for changing the tax laws. Until we do that though everyone is still going to pay as little as possible.

disciple Clint said:

would that include all the stories about Trump and or the Russia fiasco.

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Yes, that obviously includes all stories they have published. Overall they are quite reliable compared to other sources.

President Trump's federal taxes are likely a complicated mess to untangle and unravel...

Apparently he hasn't finished them yet. It's not like he can do them personally.

But it's also more likely he has prepaid estimated amounts in the millions of dollars and settled up with a final check for $750.

Joe Biden's taxes?
Well he is no pauper either...
Where does a career politician get all his money from anyway? Especially when it becomes millions of dollars. I don't think he got it by stealing stamps from the office.

But when Hunter gets 3½ million dollars for consulting fees while Joe is in office...it is very fair game. Nobody pays that kind of money for a drug addict except for Rush Limbaugh and Rock Stars...and Rush's popularity is dwindling.