NYT: Trump paid no income taxes in 10 of past 15 years

Do you think Trump files his own tax returns?

 

Certainly not.

But he's the one who signs them.

 

And so does the accountant.

The person the taxes are being filed for is responsible for the data provided, ie K-1s, 1099's, etc. The accountant signs off that all proper methods of GAAP and IRS regulations have been applied.

If an inappropriate method of IRS rules were applied, who would be held responsible for the misapplication? Who would be held responsible for the actual funds due, sans penalties and interest?

 

Those amounts were given to the IRS, in the event that he might owe tax, but weren't paid as taxes. Instead, he paid $750 for each of those years. Those were taxes on income "related to his celebrity status" and unpaid debts (which counts as income).

 

I've been on this board for years and seen dozens of people who haven't paid any taxes.

Feel free to go back and look.

The tax laws are what they are. The tax laws were created by the same pieces of **** that YOU all, the citizens, voted for.

So if you've got a problem with what Trump did, feel free to blame yourself.

 

Donald Trump.

 

Unpaid debts aren't taxable. Bad debts written off are expenses. Debts owed are only income if they are forgiven.

 

The accountants would be held responsible for the penalties and interest if the error was applicable to misapplication of rules and regs. Trump would only be accountable for the principal involved in the matter.

 

That hasn't been the tax liabilities of all his companies which involve all sorts of taxes, the fact is these are cherry picked numbers without any details to them and again if he followed the law and paid all the taxes due SO WHAT. And I've seen no evidence the IRS has ever charged him with any sort of tax fraud. Businesses come and go ALL THE TIME. How many indoor malls are still in existence, does that mean they were all failures. How many TV shows have been cancelled. Do you consider Sears was a failure because it finally went out of business even though it was one of the most successful businesses in history? No business cycles consumer demands are subject whims and changes. So I think you and others read more into it when a business ends and sells off it's assets and something else moves in.

So me where he committed tax fraud, not just a disagreement with the IRS which was settled those happen all the time because of the complexity of our taxes on business and real estate, tax fraud and I will be of concern, other than that why should I be concerned with how much tax he paid?

 

Post the proof that the IRS has charged him with tax fraud. A disagreement of taxes owed is not automatically tax fraud, people go to court of tax disputes all the time and it is not fraud nor criminal.

 

I suppose you start by campaigning and getting elected to office. That's how you go about changing laws.
You not being in a position to change a law just like, that does not therefore mean that taxation is theft.
Theft is against the current law, but taxation isn't.
Believe it or not some people agree with the idea, for example, that everybody contributes money in order to have roads. Or armed forces for that matter. That is paid for by taxes which are both acceptable to a bunch of people and lawful too.

 

So Dirty Donnie has a negative net worth ? What a surprise.
He lied about it ? Another surprise.
He called the Times report "fake news" ? Yet another surprise.
He still claims he can't release his tax returns while working out his $73 million difference with the IRS ? Still another surprise, and a lie to boot.

Boy, the hits just keep on coming !
Wouldn't it be cool if Russia or China bought up the debt he has personally guaranteed ? What am I saying, they already own a piece of it !

Poor Dirty Donnie, he doesn't know to whom he is beholden......................

 

I'm sure they are. I would expect nothing less from opposing partisans.

I never argue with success. He became wealthy, famous and president of the U.S. Most people would consider that success. I have a sister that is perhaps the happiest people I have ever known. She is always cheerful and dedicated to her family. Life is fun for her. That, to me, is also success.

 

It's personal tax information, you know the subject of this thread, that the NYT says was leaked to them, you know the subject of this thread.

I repeat, if the federally protected personal information was illegally leaked do you support prosecution of the person(s) who leaked it or is all our private protect personal information free game for anyone to get it and publish it?

 

The poor and lower middle class pay virtually no federal income tax the top 1% pay virtually 40% of them and the top 20% over 80%, is that the disparity you are talking about?

 

And you know as well as I do, that even for the man in the street, the fact that someone is paying a grand total of $750 in tax on 500+ businesses invites close scrutiny. And the fact that that person is the president, makes it all the more important that it gets close scrutiny, because people should be in the best possible position to make an informed decision when choosing a president.

Articles by the NYT and others play an important role in ensuring - through public awareness, if nothing else - that the relevant authorities do indeed give issues like these close scrutiny. People on both sides of the fence deserve to know what the real situation is, through what those investigations conclude. In the meantime the NYT et al may express their own interpretations, which readers may or may not agree with.

 

Trump paid nothing for ten of the last 15 years. Is he poor?

And last year he INCREASED my tax bill by three times MORE than he paid in total

 

WHAT perverted logic. Trump claims he has done nothing wrong at all when it comes to paying his taxes and lol his proof is that is that he won't release his returns.. Sad that so many are numbed to sleep by his rhetoric as he slits throats.

 

SNIP from the article:

"The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office"
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Have you read it?

The fact that he's paid a minuscule to non-existent amount of tax for so many years on so many companies is not a matter of cherry-picking. It's just a matter of looking at the bottom line of each year.

 

Not if you've got 500+ businesses it doesn't. And not year after year after year.

Through sheer luck alone just one of those 500+ ought to be doing well enough to have a liability larger than that.

 

Do you understand amortization and depreciation? Section 179?

 

It's funny. When Trump games the system to benefit himself, he's smart. When poor people do it to put food on the table, they are scum.

 

I should have been more precise. If you read the relevant section in the article, you'll see the unpaid debt is indeed forgiven debt.

 

What is the difference between using the rules and regs that currently exist, and committing fraud?

 

Proof????? Like Russia????