Income Inequality

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Originally posted by: Boilerman
Boiler had never demanded that one show their tax return.



Precisely!
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Originally posted by: alanleroyII
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Originally posted by: forkushVThere is only one logical explanation for Mr. Trump's refusal to release his returns: there is a bombshell in them.
There's another logical explanation. He saw how the Democrats exploited Romney's tax returns for political gain and since it is not a requirement for a candidate to release this information he figures it's no one's business...
Aw darn, I forgot to include the quotation marks. And the attribution! Please forgive. I'll give it another shot here:

"It is disqualifying for a modern-day presidential nominee to refuse to release tax returns to the voters, especially one who has not been subject to public scrutiny in either military or public service. Tax returns provide the public with its sole confirmation of the veracity of a candidate's representations regarding charities, priorities, wealth, tax conformance, and conflicts of interest. Further, while not a likely circumstance, the potential for hidden inappropriate associations with foreign entities, criminal organizations, or other unsavory groups is simply too great a risk to ignore for someone who is seeking to become commander-in-chief.

Mr. Trump says he is being audited. So? There is nothing that prevents releasing tax returns that are being audited. Further, he could release returns for the years immediately prior to the years under audit. There is only one logical explanation for Mr. Trump's refusal to release his returns: there is a bombshell in them. Given Mr. Trump's equanimity with other flaws in his history, we can only assume it's a bombshell of unusual size."

May 11, 2016, according to this guy:

[
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Originally posted by: forkushV
May 11, 2016, according to this guy:

Oh. According to the sore loser, Irrelevant Mitt Romney. I used to have some respect for Mitt. Now he's pulling the same shit on Trump that 'Dirty Harry' Reid pulled on him. What a snake.

Let's see a show of hands....Who all wont vote for Trump because (under advice of his attorney) he will not make his tax returns public until after his IRS audit is complete? Of course you can still review his 100 page financial filing with the election commission if you're interested.

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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: Boilerman
That's the entire list. Trump has had 4 companies go bankrupt. I'm guessing that he's owned a hundred companies, or so.

Most every businessman of any substance has had failures and successes...
Four bankruptcies and an airline that was forced into liquidation? And a fraudulent university. Name one other "successful businessman" with such a stellar record.

And when Lincoln and Truman ran for president, they didn't do so based on their business acumen. But other than accusing Obama of being born in Kenya, that's all Trump's got.

He's a successful teevee personality. Calling Trump a "successful businessman" is really a stretch:

Trump has had scores of highly successful real estate developments....billions in assets. He has employed 10's of thousands of people...
A passive index funds investor with the Donald's inheritance who simply kept up with S&P 500 would have invested in more profitable companies, resulting in a hell of a lot more jobs.

From 1987 to 2015 the S&P 500 grew 1,336%. Donald Trump's wealth during that time grew 300%. Tell me again what a good businessman he is.
Is this 1,336% S&P growth accounting for annual income taxes? How much?...
Thanks for asking. The taxes on the increased value of an S&P index fund is.....zero, until you sell it to realize the gain. I'm sure Trump cashed in some stock, spent lavishly, and paid some serious taxes over the last 28 years, but $9 billion dollars? Give me a break.

Given similar funds, the average S&P 500 investor did $9 billion dollars better than Donald Trump, less taxes and spending money. There, you like that better?

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Originally posted by: Boilerman
Submitting tax returns to Forkie is not a requirement to become President. Not even the IRS knows Trump's net worth, and I certainly don't think that a news agency knows. Tax returns would not address his worth, anyhow.
Obviously you missed out on Accounting 101. Several years of tax returns from someone like Donald Trump would read like a novel, and skilled accountants could get very close to his actual worth. Ask Roulette Man CPA. I don't think your usual ally here will back your play.

Rumors are going to be launched that claim that Trump's fortune is much smaller than he claims. That would be justice for the guy who claimed the birth certificate was a phony, don't you think?
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: Boilerman
That's the entire list. Trump has had 4 companies go bankrupt. I'm guessing that he's owned a hundred companies, or so.

Most every businessman of any substance has had failures and successes...
Four bankruptcies and an airline that was forced into liquidation? And a fraudulent university. Name one other "successful businessman" with such a stellar record.

And when Lincoln and Truman ran for president, they didn't do so based on their business acumen. But other than accusing Obama of being born in Kenya, that's all Trump's got.

He's a successful teevee personality. Calling Trump a "successful businessman" is really a stretch:

Trump has had scores of highly successful real estate developments....billions in assets. He has employed 10's of thousands of people...
A passive index funds investor with the Donald's inheritance who simply kept up with S&P 500 would have invested in more profitable companies, resulting in a hell of a lot more jobs.

From 1987 to 2015 the S&P 500 grew 1,336%. Donald Trump's wealth during that time grew 300%. Tell me again what a good businessman he is.
Is this 1,336% S&P growth accounting for annual income taxes? How much?...
Thanks for asking. The taxes on the increased value of an S&P index fund is.....zero, until you sell it to realize the gain. I'm sure Trump cashed in some stock, spent lavishly, and paid some serious taxes over the last 28 years, but $9 billion dollars? Give me a break.

Given similar funds, the average S&P 500 investor did $9 billion dollars better than Donald Trump, less taxes and spending money. There, you like that better?
So your assessment of Trumps business empire is based solely on a comparison of wild ass guesses of his wealth between two arbitrary years compared to the S&P 500? Maybe you could just consult a Ouija board or a Magic 8 Ball in the future. Might be as revealing.

That would almost be like assessing Hillary's state department career based on how her gamble in Libya worked out....or her career as a senator based on her vote to authorize war with Iraq. Then we can even use your shoddy analysis to prove that Trump's businesses grew, while Hillary was failing miserably in the Senate and at State.

Boiler has a Finance degree from Purdue's Krannert School of Management....................so yes, I passed Accounting 101. Forkie is quite confused what one can learn from personal tax return.


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Originally posted by: forkushV
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Originally posted by: Boilerman
Submitting tax returns to Forkie is not a requirement to become President. Not even the IRS knows Trump's net worth, and I certainly don't think that a news agency knows. Tax returns would not address his worth, anyhow.
Obviously you missed out on Accounting 101. Several years of tax returns from someone like Donald Trump would read like a novel, and skilled accountants could get very close to his actual worth. Ask Roulette Man CPA. I don't think your usual ally here will back your play.

Rumors are going to be launched that claim that Trump's fortune is much smaller than he claims. That would be justice for the guy who claimed the birth certificate was a phony, don't you think?


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Originally posted by: alanleroyII
Maybe you could just consult a Ouija board or a Magic 8 Ball in the future. Might be as revealing.

Poor old DonDiego has just consulted his Magic 8 Ball:



Hmm, . . . quite revealing, . . .
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: Boilerman
That's the entire list. Trump has had 4 companies go bankrupt. I'm guessing that he's owned a hundred companies, or so.

Most every businessman of any substance has had failures and successes...
Four bankruptcies and an airline that was forced into liquidation? And a fraudulent university. Name one other "successful businessman" with such a stellar record.

And when Lincoln and Truman ran for president, they didn't do so based on their business acumen. But other than accusing Obama of being born in Kenya, that's all Trump's got.

He's a successful teevee personality. Calling Trump a "successful businessman" is really a stretch:

Trump has had scores of highly successful real estate developments....billions in assets. He has employed 10's of thousands of people...
A passive index funds investor with the Donald's inheritance who simply kept up with S&P 500 would have invested in more profitable companies, resulting in a hell of a lot more jobs.

From 1987 to 2015 the S&P 500 grew 1,336%. Donald Trump's wealth during that time grew 300%. Tell me again what a good businessman he is.
Is this 1,336% S&P growth accounting for annual income taxes? How much?...
Thanks for asking. The taxes on the increased value of an S&P index fund is.....zero, until you sell it to realize the gain. I'm sure Trump cashed in some stock, spent lavishly, and paid some serious taxes over the last 28 years, but $9 billion dollars? Give me a break.

Given similar funds, the average S&P 500 investor did $9 billion dollars better than Donald Trump, less taxes and spending money. There, you like that better?
So your assessment of Trumps business empire is based solely on a comparison of wild ass guesses of his wealth between two arbitrary years compared to the S&P 500?...
If by "wild ass guesses" you mean estimates by the Associated Press and Fortune Magazine, then the answer is yes.

But even if there estimates of Trump's wealth are off by as much as $9 billion, Trump is still a business loser. Maybe you just want to vote for him because of the whole birth certificate thing.
Let's assess Forkies position. Trump took a $1 million loan and turned it into a lavish lifestyle, a net worth of billions, a smoking hot wife, successful children, and Forkie considers this a losing proposition.

How funny.


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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: forkushV
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Originally posted by: alanleroyII
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Originally posted by: Boilerman
That's the entire list. Trump has had 4 companies go bankrupt. I'm guessing that he's owned a hundred companies, or so.

Most every businessman of any substance has had failures and successes...
Four bankruptcies and an airline that was forced into liquidation? And a fraudulent university. Name one other "successful businessman" with such a stellar record.

And when Lincoln and Truman ran for president, they didn't do so based on their business acumen. But other than accusing Obama of being born in Kenya, that's all Trump's got.

He's a successful teevee personality. Calling Trump a "successful businessman" is really a stretch:

Trump has had scores of highly successful real estate developments....billions in assets. He has employed 10's of thousands of people...
A passive index funds investor with the Donald's inheritance who simply kept up with S&P 500 would have invested in more profitable companies, resulting in a hell of a lot more jobs.

From 1987 to 2015 the S&P 500 grew 1,336%. Donald Trump's wealth during that time grew 300%. Tell me again what a good businessman he is.
Is this 1,336% S&P growth accounting for annual income taxes? How much?...
Thanks for asking. The taxes on the increased value of an S&P index fund is.....zero, until you sell it to realize the gain. I'm sure Trump cashed in some stock, spent lavishly, and paid some serious taxes over the last 28 years, but $9 billion dollars? Give me a break.

Given similar funds, the average S&P 500 investor did $9 billion dollars better than Donald Trump, less taxes and spending money. There, you like that better?
So your assessment of Trumps business empire is based solely on a comparison of wild ass guesses of his wealth between two arbitrary years compared to the S&P 500?...
If by "wild ass guesses" you mean estimates by the Associated Press and Fortune Magazine, then the answer is yes.

But even if there estimates of Trump's wealth are off by as much as $9 billion, Trump is still a business loser. Maybe you just want to vote for him because of the whole birth certificate thing.


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