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Trumpty Didn’t Have To Pay Income Taxes For 18 Years

malibber2
malibber2
Oct 2, 2016
3:29am
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Quote
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.


Source

At least Romney paid 13% one year. Of course Trump’s tax plan is that guys like him need even more tax cuts. Trump is a taker not a maker.
forkushV
forkushV
Oct 2, 2016
3:35am
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Nowhere does the article say that he "didn't" have to pay income taxes for 18 years.
alanleroyII
alanleroyII
Oct 2, 2016
3:43am
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Quote
Originally posted by: malibber2
Quote
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.


Source

At least Romney paid 13% one year. Of course Trump’s tax plan is that guys like him need even more tax cuts. Trump is a taker not a maker.
How much income tax do you think he should pay on negative 916 million of income?

malibber2
malibber2
Oct 2, 2016
5:59am
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Quote
Originally posted by: alanleroyII
Quote
Originally posted by: malibber2
Quote
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.


Source

At least Romney paid 13% one year. Of course Trump’s tax plan is that guys like him need even more tax cuts. Trump is a taker not a maker.
How much income tax do you think he should pay on negative 916 million of income?


He should only be allowed to carry over $3,000 a year in losses like the rest of us mortals.

alanleroyII
alanleroyII
Oct 2, 2016
7:09am
Block User
Quote
Originally posted by: malibber2
Quote
Originally posted by: alanleroyII
Quote
Originally posted by: malibber2
Quote
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.


Source

At least Romney paid 13% one year. Of course Trump’s tax plan is that guys like him need even more tax cuts. Trump is a taker not a maker.
How much income tax do you think he should pay on negative 916 million of income?


He should only be allowed to carry over $3,000 a year in losses like the rest of us mortals.
So, you're sayin' he cheated on his taxes?

billryan
billryan
Oct 2, 2016
8:07am
Block User
I don't know if he cheated on his taxes, but I know he cheated hundreds of vendors and workers. Have you read the article by the guy who sold Trump one hundred pianos for his casino?
In any event, I'm not sure how anyone can call a guy who loses 900 million dollars a successful businessman. Trump Airlines, Trump Wine, Trump Vodka, Trump U., Trump Travel, Trump Marina, Trump Plaza, Trump Worlds Fair,Trump Steaks.
At what point do you go from successful business man to carnival barker?
CowboyKell
CowboyKell
Oct 2, 2016
9:27am
Block User
Quote
Originally posted by: malibber2
Quote
Originally posted by: alanleroyII
Quote
Originally posted by: malibber2
Quote
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.


Source

At least Romney paid 13% one year. Of course Trump’s tax plan is that guys like him need even more tax cuts. Trump is a taker not a maker.
How much income tax do you think he should pay on negative 916 million of income?


He should only be allowed to carry over $3,000 a year in losses like the rest of us mortals.


Who is only allowed to carry over $3000 in losses?

I'm glad I'm not a mere mortal.

malibber2
malibber2
Oct 2, 2016
9:43am
Block User
Quote
Originally posted by: CowboyKell
Quote
Originally posted by: malibber2
Quote
Originally posted by: alanleroyII
Quote
Originally posted by: malibber2
Quote
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.


Source

At least Romney paid 13% one year. Of course Trump’s tax plan is that guys like him need even more tax cuts. Trump is a taker not a maker.
How much income tax do you think he should pay on negative 916 million of income?


He should only be allowed to carry over $3,000 a year in losses like the rest of us mortals.


Who is only allowed to carry over $3000 in losses?

I'm glad I'm not a mere mortal.


Capital losses can only count against $3,000 of ordinary income.
lvfritz
lvfritz
Oct 2, 2016
10:39am
Block User
What a great thread!!! First, Mali gets it so completely wrong that even Forkie had to question her on it!!! I never thought I'd live so long.

I'm going to say something here that I will likely NEVER EVER say again.....kudo's to ForkushV. You have just earned back a couple of lost chunks of your credibility!
Roulette Man
Roulette Man
Oct 3, 2016
2:27am
Block User
Quote
Originally posted by: malibber2
Quote
Originally posted by: alanleroyII
Quote
Originally posted by: malibber2
Quote
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.


Source

At least Romney paid 13% one year. Of course Trump’s tax plan is that guys like him need even more tax cuts. Trump is a taker not a maker.
How much income tax do you think he should pay on negative 916 million of income?


He should only be allowed to carry over $3,000 a year in losses like the rest of us mortals.


You obviously have no clue of what net operating losses are.
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