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

I'm really surprised by your post here PJ, I know you're much smarter than this. First off, you're pulling a "forky", I've never been one to bitch about "free shit" like some others, as a matter of fact I' don't beleiv I've ever even used the term "free shit", so I'd appreciate you not put words inm my mouth ala froky. I will say what my feelings are RE WIC, food stamps, sect.8, etc. etc. tho. I think the multi generational welfare families who suck everything free from the govt. possible a shame and a complete blight on our society not to mention criminal. Not criminal in the legal sense but a crime against society to teach your kids to live off the system.
True story. I used to do a lot of sub work for a guy who rehabbed houses and rented them exclusively to sect.8 people. There were many times someone would have to return to fix something, usually minor and it was usually me. One time I got back to the house around 9 or 10 AM, walked in and here's the guy with a few of his buddy's playing XBox (or whatever the latest game system was), on a big screen TV. They were drinking malt liquor 40's and smoking weed chillin'on a nice leather couch set. I say 'whatever' to myself and set to fix whatever it was needed fixing and I also notice that throughout the house there's three nice computer systems as well. I don't remember if this lady was one of them, but on more than one occasion we had the mothers say almost with pride how they're getting their daughters on the sect.8 list as soon as they were eligible because there is a waiting list and they wanted to make sure they were already set up.
I've known a few people who've needed to get on welfare, but it was to help them get by while reestablishing themselves and were off as soon as they did. I've never minded giving someone a hand up, but to never carry them and their kids on my shoulders forever. I don't know if I've ever even gave my view on welfare or not here.

Also, just how is giving a deduction a net loss unfair? Are you saying the auto industry should've still been paying taxes when it was having huge net losses anmd almost bankrupt? I guess in your world it should only apply to company's and people you don't like, like Trump. Exactly HOW did Trump 'suck' 9oo million dollars out of the system? Are you implying the govt. reimbursed him for his losses and gave him 900 mil? That statement makes zero sense my friend.

Mr. Trump has cheated on sales tax:

I'm noticing a pattern.

If that pattern is his supporters are blind and ignorant, I picked it up months ago.
No one here has suggested he should have paid taxes in the year he allegedly lost a billion dollars. The outrage is he didn't pay taxes on his next billion dollars in income.
Then again, in 1995, while allegedly losing almost a billion dollars, he bragged in his book that it was a good year. A year he bought his own 747. Strange that Trump appears on the Forbes 400 that year after being absent for several years, and that Trump publicly stated he was once again a billionaire.

I think you may be the one who is blind and ignorant. If he sustained a loss of that magnitude, it just doesn't go away, he gets a net operating loss carryover (or carryback if needed) to offset future income. The loss just doesn't go away after the year it happened.

Perhaps the one side can concede that he didn't actually do anything illegal, if the other side will concede that he's a boorish, self-centered pig.


I'll wait for the first "I'll stipulate"

YES! You have! About 1000 times.
How many times have you complained how "liberals don't pay taxes" on this board?

Not only is that an inaccurate statement but it appears to be completely disingenuous on your part. Keep your past statements in mind when you pull the lever for someone who hasn't paid taxes since Bill Clinton was president.

This weekend’s bombshell report in the New York Times revealed that Donald Trump claimed a $916 million loss, according to a copy of his 1995 New York state tax return, and that the billionaire Republican presidential nominee might not have paid any federal income tax in nearly two decades as a result.

Trump supporters immediately jumped to the candidate’s defense, calling him a “genius” for the way he has deftly handled the tax code and potentially saved himself hundreds of millions of dollars in tax payments.

Beyond the spin, however, the revelation has opened up Trump to renewed questioning about his reported brilliance in the business world, as well as to charges of hypocrisy.

Turns out Trump has long criticized others for not paying their fair share of taxes—and yet he has apparently been a tax dodger on a colossal scale. (Because Trump has steadfastly refused to release his tax returns, we do not know how wealthy the man is, nor is there proof of how much, or how little, he actually pays in taxes.)

Here are 10 examples in recent years of Trump lashing out against those who supposedly don’t pay enough in taxes.

July 2011: “I don’t mind sacrificing for the country”

Appearing on Fox News to respond to Barack Obama’s plan to pass along a higher tax burden to the rich, Trump said that we should be taxing China more, and that wealthy Americans like him can and should pay higher taxes. But the real problem, Trump said, is that so many Americans pay no federal income taxes at all:

I don’t mind sacrificing for the country to be honest with you. But you know, you do have a problem because half of the people don’t pay any tax. And when he’s talking about that he’s talking about people that aren’t also working, that are not contributing to this society. And it’s a problem. But we have 50 percent.

In an interview with TIME, Trump said that he wants “to save the middle class” from their crushing tax burden, pointing criticism to the “hedge fund guys that are making a lot of money that aren’t paying anything” in taxes. “I know a lot of bad people in this country that are making a hell of a lot of money and not paying taxes,” he said. Trump promised to simplify the tax code and make the system fairer.

August 2015: “Hedge fund guys are getting away with murder”

In a followup to his comments to TIME with CBS News, Trump upped the ante on the bashing of certain members of the financial elite. “The hedge fund guys are getting away with murder,” he said. “They’re paying nothing and it’s ridiculous. I want to save the middle class…. The hedge fund guys didn’t build this country. These are guys that shift paper around and they get lucky.”

Read Next: 8 Epic Business Failures with Donald Trump’s Name on Them

May 2016: “Amazon is getting away with murder, tax-wise.”

Tired of Washington Post reporters “asking ridiculous questions” about his campaign and finances, Donald Trump lashed out at the newspaper’s owner, Jeff Bezos, and the company he runs, Amazon.com. Bezos has been “using the Washington Post for power so that the politicians in Washington don’t tax Amazon like they should be taxed,” Trump claimed.

September 2016: Unpatriotic companies abandon “all of the taxes” when they flee the U.S.

In an interview with the Detroit News, Trump criticized Ford for its decision to build auto manufacturing plants in Mexico, and promised to hit companies that use such strategies with import taxes of between 10% to 35%. “If they’re going to have to pay a tariff or tax to bring the cars back [into the U.S.], they’re not going to leave,” Trump reasoned. The problem, which must stop, he said, is that Ford and “many other companies leave Michigan and our other states, go to Mexico and abandon all of the jobs and all of the taxes that they were paying here.”

Tax dodger? You were just given the reason of why he probably had to pay no taxes (NOL carryforward and maybe a NOL carryback) and you ignored it. Every American has the right to try and pay the least amount of taxes as long as they are complying with the tax code. Mr. Trump gets audited every year and I'm sure it is an extensive audit. For them to have not come back and assess taxes (plus penalties and interest) means he did nothing wrong.

I can't wait for the Golden Gate!