Originally posted by: Boilerman
Sleepy Joe only slept through two years of forth grade. Then 47 more years of Sleepy Joe in government.
Don't worry Boilerman. Comedy is hard.
Originally posted by: Boilerman
Sleepy Joe only slept through two years of forth grade. Then 47 more years of Sleepy Joe in government.
Don't worry Boilerman. Comedy is hard.
We all appreciate your tireless efforts to educate Boilerman on the basics, but really--can you expect someone who can't even spell "fourth" to exhibit more than a fourth-grader's knowledge?
CNBC, hardly a Republican-favoring news operation offers a plausible explanation of President Trump's tax situation: Strategies Trump May Have Employed
Oh, . . . and here's another from across the pond: The Guardian : "The worst part of Trump paying zero taxes? It's probably legal." ( Apparently the British find the US tax-system somehow lacking. Poor old DonDiego notes Great Britain was once a great and powerful nation, . . . today, not so much. )
Poor old DonDiego observes that there are dozens, if not hundreds, of US citizens with a significant dislike of President Trump. DonDiego would not be surprised if an occasional "news" article turns out to exhibit bias against the President, by, . . . umm, . . . leaving out pertinent details or available explanations.
I wish there were "Strategies" i could employ that allowed me to only pay $750 in taxes (on a bad year).
They seem to be only available to people like Donald Trump and corporations.
And as far as CNBC being not friendly to Republicans? I'm assuming DonDiego is joking. Larry Kudlow's former network is also the biggest purveyor of the same myth he and the Republicans were touting for years leading up to the Trump tax cuts.....you know, the one about US corporations paying that awful 35% tax rate?
(That's was the Trump Corporation's rate too....without taking into account the aforementioned "strategies". The effective tax rate is now a known quantity - and a disgrace.)
In the President's defense, maybe the years of $750 and zero taxes are legit. When you're an incompetent businessman (i.e. lose a lot of money), that's cool with the IRS.
Originally posted by: Don
CNBC, hardly a Republican-favoring news operation offers a plausible explanation of President Trump's tax situation: Strategies Trump May Have Employed
Oh, . . . and here's another from across the pond: The Guardian : "The worst part of Trump paying zero taxes? It's probably legal." ( Apparently the British find the US tax-system somehow lacking. Poor old DonDiego notes Great Britain was once a great and powerful nation, . . . today, not so much. )
Poor old DonDiego observes that there are dozens, if not hundreds, of US citizens with a significant dislike of President Trump. DonDiego would not be surprised if an occasional "news" article turns out to exhibit bias against the President, by, . . . umm, . . . leaving out pertinent details or available explanations.
DonDiego is disturbingly susceptible to Republican propaganda.
That Trump has paid very little federal income tax in recent years is a fact beyond dispute. Therefore, reporting that fact is not indicative of bias, any more than it is to say he's as orange as, well, an orange.
If you read the article, you'll notice that many of those "strategies" Trump employed are actually completely illegal--such as shoveling money to his kiddos and/or shell corporations and recording those amounts--often in the tens of millions--as "expenses" or "losses." I'd go over the many other ways Trump has evaded taxes (as opposed to avoiding them, which is legal), but that info is there for all to see.
Originally posted by: MisterPicture
In the President's defense, maybe the years of $750 and zero taxes are legit. When you're an incompetent businessman (i.e. lose a lot of money), that's cool with the IRS.
That would be fine if he had actually LOST those sums. But we know now that he was moving money around, putting it in the pockets of his relatives and offshore corporations (as well as into foreign investments under pseudonyms), and recording every single such transaction as a "business expense." Thus, an artificial loss on the balance sheet.
We'll know MUCH more after we finally see his federal returns. He won't be able to hide them much longer.