Trumps Chinese bank account

[rambot]

Isn't it too bad that he pays 750 in taxes in the US but thousands and thousands to China?

Trump maintains bank account in China, says NY Times

180,000$ in local taxes.
In China.

This does not sound like a real patriotic American.

 

[Tanj]

https://www.washingtonpost.com/poli...6551a2-13b6-11eb-ba42-ec6a580836ed_story.html

(From Obama's recent speech)

"Can you imagine if I had a secret Chinese bank account when I was running for reelection?” Obama said. “You think Fox News might have been a little concerned about that? They would have called me ‘Beijing Barry.’".

 

[HTacianas]

Isn't it too bad that he pays 750 in taxes in the US but thousands and thousands to China?

Trump maintains bank account in China, says NY Times

180,000$ in local taxes.
In China.

This does not sound like a real patriotic American.

It's a story about Trump in the New York Times. Give me, say, your top three to five reasons why I should believe it.

And that is a commentary on the state of the American media.

 

[Pommer]

It's a story about Trump in the New York Times. Give me, say, your top three to five reasons why I should believe it.

And that is a commentary on the state of the American media.

Did you read it?
The Trump Organization admits to the account, saying that it was only ever used to pay local Chinese taxes.

But somehow was undisclosed until now.

 

[Aussie Pete]

Isn't it too bad that he pays 750 in taxes in the US but thousands and thousands to China?

Trump maintains bank account in China, says NY Times

180,000$ in local taxes.
In China.

This does not sound like a real patriotic American.

Around 330 million Americans buy products made in China. A lot of those products are American brands. So there are 330 million unpatriotic Americans. If you want to do business in China (a terrible mistake in my view), you need to conform to China's regulations. These are entirely biased against non-Chinese companies. China has been outwitting the West since relations were normalised. They have immense patience, infinitely better negotiating skills and they know that they hold the upper hand. The Western world has funded China's rise to a great power and handed over much technological innovation as well. What has not been surrendered has been stolen. China sees nothing wrong with this.

Now while the USA indulges in navel gazing, near civil war and a goldilocks obsession with "rights", China just keeps building its military and suppressing all dissent. I like America and I like the people. It's just a shame to see a nation implode. But that's what you get when the nation turns away from God.

 

[Kenny'sID]

Isn't it too bad that he pays 750 in taxes in the US but thousands and thousands to China?

Trump maintains bank account in China, says NY Times

180,000$ in local taxes.
In China.

This does not sound like a real patriotic American.

Sounds like a typical business man to me.

Interesting bar you set there for patriotism. If it were one of your family members doing that, would you think twice about it...I seriousely doubt it.

 

[Hans Blaster]

Sounds like a typical business man to me.

Interesting bar you set there for patriotism. If it were one of your family members doing that, would you think twice about it...I seriousely doubt it.

No one is saying that doing business in China is unpatriotic or criminal. But...

as president he shouldn't lie about it. (or rather the extent of it.)

[Of course, there is a separate question as to whether a president-elect should divest all business in foreign countries, or even all identifiable businesses anywhere, before taking office. That ship has sailed for this president in his final months.]

 

[Kenny'sID]

No one is saying that doing business in China is unpatriotic or criminal. But...

as president he shouldn't lie about it. (or rather the extent of it.)

[Of course, there is a separate question as to whether a president-elect should divest all business in foreign countries, or even all identifiable businesses anywhere, before taking office. That ship has sailed for this president in his final months.]

Oh, I didn't see the part where he'd lied about it. Can you provide some info on that, please?

 

[Hans Blaster]

Oh, I didn't see the part where he'd lied about it. Can you provide some info on that, please?

He underdeclared the value of his business interests in China on his fin. disclosure forms and their incomes.

 

[Kenny'sID]

He underdeclared the value of his business interests in China on his fin. disclosure forms and their incomes.

And you have proof he broke some law there?

 

[rambot]

Sounds like a typical business man to me.

Interesting bar you set there for patriotism. If it were one of your family members doing that, would you think twice about it...I seriousely doubt it.

It's not the only bar but I figure he'd invest in places he cares about.

The thought of my father behaving anything like Donald Trump would make me vomit. It desecrates his living memory to even consider that hypothetical.

He just doesn't appear committed to America in this respect.


But generally you would expect a president to pay as little taxes in america

 

[Kenny'sID]

It's not the only bar but I figure he'd invest in places he cares about.

The thought of my father behaving anything like Donald Trump would make me vomit. It desecrates his living memory to even consider that hypothetical.

He just doesn't appear committed to America in this respect.


But generally you would expect a president to pay as little taxes in america

Honestly, doesn't sound like there was a whole lot of wrong done here.

 

[rambot]

Honestly, doesn't sound like there was a whole lot of wrong done here.

Oh I agree. Everything is totally legal. Not breaking the law in this case is not the only bar I set.

 

[ralfyman]

Very likely most rich people and top corporations have bank accounts in China and in many other countries, and if various leaks are right, off-shore accounts in general.

 

[rambot]

"They would have called me Beijing Barry".
- Barak Obama

Couldn't be more right.

 

[rambot]

It's a story about Trump in the New York Times. Give me, say, your top three to five reasons why I should believe it.

And that is a commentary on the state of the American media.

Rofl. Because Trump admits to it.

Please. I should be asking you why should believe Trump reporting it finally is legit. Oh yeah, it's because the New York Times confirmed it first

 

[Fantine]

It's a story about Trump in the New York Times. Give me, say, your top three to five reasons why I should believe it.

And that is a commentary on the state of the American media.

130 Reasons. 130 Pulitzers, more than any newspaper in history.

Read the Trump taxes series and see how thoroughly researched and well written all their articles are.

 

[Hans Blaster]

And you have proof he broke some law there?

We can start with false statements on the disclosure form.

As for the rest, the nature of the transactions in China, who knows. Trump is deliberately opaque about his business activity using networks of LLCs, some with obscure names, to hide his activity.

Was his business in China illegal? I don't know because we don't have enough information to know. What we do know is that he doesn't want us to know about his sources of incomes in China or elsewhere. Sounds shady to me.

 

[jgarden]

Trumps Chinese bank account

Another "wake up call" for American voters that these millionaires and billionaires who currently pay little or no federal income tax are the same ones who benefited most from the $1+ trillion tax cuts!

Fast forward 3 years where millions of unemployed Americans and their families, through no fault of their own, are experiencing the 3rd month of having their government support terminated - how many of them contributed more than $750 in income tax when they were gainfully employed?!

Apparently for congressional Republicans in general, and Mitch McConnell in particular, those millions of Americans facing food insecurity and possible eviction should be content to be relegated to 2nd class citizens because this Administration's real priority is putting another conservative on the Supreme Court!

Even totalitarian dictatorships like Communist China appear to have a fairer, more progressive tax system than currently exists in America - the only relevant question is whether the nation's voters will meekly submit to more fiscal "gouging" at their expense or take the time to reacquaint themselves with American Revolutionary history and start pushing back!

 

[Richard T]

Isn't it too bad that he pays 750 in taxes in the US but thousands and thousands to China?

Trump maintains bank account in China, says NY Times

180,000$ in local taxes.
In China.

This does not sound like a real patriotic American.

What is funny is to compare local taxes of a corporation with Federal taxes from an individual. I bet Trump hotels paid far more local taxes in America than it did in China. Don't worry though the NYT is ill equipped to make such a rational comparison as they prefer yellow journalism when it comes to Trump.