Posted on 10/02/2016 8:49:41 PM PDT by GilGil
Donald Trump's decision to take a $916 million loss on his 1995 income tax return showed his business acumen and "genius" at figuring out how to minimize his tax bill, two of the Republican presidential candidate's advisers said on Sunday.
"This is a perfectly legal application of the tax code. And he would have been fool not to take advantage of it," said Rudy Giuliani, the former New York mayor who is one of Trump's advisers.
(Excerpt) Read more at cnbc.com ...
I’m glad Trump has such good, no-nonsense advocates who will go on TV and fight the propagandists’ BS. This is such a nothing story, but somebody has to be there to point that out to the LIVs. Anyone criticizing Trump over this who hasn’t paid additional taxes than he or she actually legally owed is a hypocrite. From the way the leftists talk, you’d think they were all mailing in extra checks to the IRS, but somehow they don’t.
Selected Trump articles on FR, from 3:00pm to 11:59pm EDT, 10/02/16:
Trump's tax write-off shows his business 'genius,' Giuliani, Christie say CNBC
AMISH VOTERS Rally for DONALD TRUMP in Pennsylvania GP
Ed Klein: Hillary Clinton Uses People as Punching Bags Breitbart
Economists have a message: Clinton's policies are wrong for America TheHill
82% to 86% Correct predictor of who will POTUS [our lad] Sam Stovall
Official: No 'manipulation' of data seen in election hacks AP
Wikileaks October Surprise Dropping Tuesday; Wikileaks Did Not Cancel Inquisitr
The NY Times is getting destroyed today on taxes RSW
2014 Clinton Foundation spent $5M on charity, $50M on 'other' Twitter
Kathleen Willey: Hillary Clintons been calling me a bimbo for 19 years WashEx
Farage on Trump Polls: Pollsters Cant Find People Outside of Politics Pam Key
This is Why US Gov. Deficit Numbers are a BIG Lie Wolf Richter
In Defense of the LA Times Poll PPD
2016 10 02 John Haller's Prophecy Update "Progressive Destruction" (long video)
Leftists Trying to SHUT OUT Conservative Media from Covering Presidential Elections FederalistPapersProject
SAVE THE DAY Response to celebrity video YouTube
SCOTUS begins new term short-handed; ideological balance hinges on fall vote WaPo
Keep Finding Bodies: Gang Violence in Long Island, Immigration Debate NYT
The Time I Found Donald Trumps Tax Records in My Mailbox NYT
Trump Campaign: NYT Published Tax Docs Illegally Obtained after Editor Promised He Would Go to Jail over Trump Taxes Matthew Boyle
Is Trump Punking Media w Tax Return Leak to NYT? (Megyn gossip video)
Do you think Trump leaked own tax return? If yes, why? If no, sue NYT? (vanity)
Political Junkie's Guide to the Elections - Week Ending 10/1/16 (freeper analysis)
Bombshell: Over 1,000 Illegal Voters in Eight Virginia Localities Polizette
I thought black people were supposed to vote for Hillary [black man speaks out] (video)
Donald Trump will win by a landslide!!! [blacks breaking for Trump bigly!] (video)
Clinton Critic [Ed Klein] Claims Access to Bill Clinton Penthouse Romps In Presidential Library DM
Hillary used the same law in 2015:
http://www.breitbart.com/2016-presidential-race/2016/10/02/hillary-clinton-avoided-taxes-way-trump/
The New York Times paid no taxes in 2014:
http://www.breitbart.com/big-journalism/2016/10/02/new-york-times-paid-no-taxes-2014/
Those are facts!
Which means,essentially,that we’re paying for it.
You’d be surprised, a lot of people are talking about ‘not paying taxes’ and how it must be nice ‘for smart rich guys’. Unfortunately they vote, luckily they’re mostly already in the tank for Hillary.
Stated Bravely by the likely troll.
He should bring it up at the next debate..
“Why didn’t vette a person before bringing them out as someone I did harm too?” Then let her spew...
This was posted months ago, and it’s true. Trump should hit this hard in the next debate.
(That is if they can find one person in that category)
When he wins, this could be a huge springboard to changing the tax code.
Not that it matters. Seriously, all we are doing is re-arranging deck chairs on the Titanic.
It would be sort of dumb for America to tell businesses that they are going to tax them on their losses.
Why not tax them on their gross receipts instead of their profit?
If you care about businesses succeeding in your country, if you care about the thousands employed by businesses, if you care about their suppliers, transporters, clerks, accountants, and secretaries, then you will do what you can to assist a business that has losses by not trying to squeeze them when they are down. You’ll allow them a shot at getting back on their feet.
Great video to send to your email list(s):
https://www.youtube.com/watch?v=kup0IPoatDc
Minorities for Trump!!
Hyperbole, much? Over the top headline, “business genius”? I think he, in fact is, a “business genius”, but not for this.
What he had done there was hire the right people (tax accountants). This was smart not genius.
Let’s keep it real people.
GO TRUMP!
As a THINKING adult, one who is LOATHE to let Mother Government have one extra DIME that belongs to me, I have spent my entire working life avoiding paying taxes wherever I could, taking ALL the deductions I could, and NEVER getting back a tax ‘refund’ which is just, plain STUPID.
Don’t GIVE your $ to Government as an interest-free loan for the year! Yeesh! She’d NEVER do that for you!
Finally! Validation via Trump, LOL! I love it. :)
Do YOU have a business???
Thank you for the reply and I agree that he should hammer her on this.
This would be a nightmare for many companies with high overhead due to built-in factors in their industry segment. They would be taxed much more than lower-overhead companies, a downward spiral.
I should have put a /sarc after that line.
Sometimes I can be too literal! Thanks for the clarification!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.