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Jennifer Granholm on Trump's Taxes: "Not Every American Looks For Every Loophole Under Every Rock"
RCP Video ^ | 10-4-2016 | Tim Hains

Posted on 10/04/2016 12:38:21 PM PDT by Sir Napsalot

Former Governor Jennifer Granholm (D-MI), a Hillary Clinton supporter, responds to a New York Times report that Donald Trump may have avoided paying federal income taxes for 18 years.

"Donald Trump is the guy who has been tweeting that half of America doesn't pay their taxes when there is a big deficit. Not every American looks for every loophole under every rock," she said on MSNBC's 'MTP Daily' on Monday.

(snip)

"....He's not paying for that. We're paying for that. There is a fairness issue that is very important."

"He says he wants to run America like he runs his business. And you see a billion dollar loss," she added.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: Politics
KEYWORDS: granholm; trumpstaxes; trumptaxes
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To: Sir Napsalot

If Granholm is reincarnated she will probably make her home under a rock.


61 posted on 10/04/2016 1:01:47 PM PDT by Brian Griffin
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To: Sir Napsalot

It’s NOT a loophole. It’s the most basic of all business taxation principles — carry forward your losses to apply against future profits.


62 posted on 10/04/2016 1:02:17 PM PDT by ProtectOurFreedom
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To: Mouton

That’s right I forgot about that. And he owns a good portion of wells Fargo and is losing money on it because of its latest fiasco, but refuses to comment.


63 posted on 10/04/2016 1:02:55 PM PDT by Rusty0604
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To: RayChuang88
Gov. Granholm, you might want to ask well-known Democratic support Warren Buffett on WHY he's hired the best tax specialists to keep his tax burden low

A better source might be Sen./Gov./CEO Jon Corzine, who prior to (arguably) cheating his stockholders & investors in MFGlobal, was such a 'financial luminary' that the Obama transition team consulted him on the 2008-9 financial crisis. Strange how he seems to have disappeared from the news, if he had been a Republican, the MSM would still be raking him up!

"I literally picked up the phone and called Jon Corzine and said Jon, what do you think we should do," Biden said. "The reason we called Jon is that we knew that he knew about the economy, about world markets, how we had to respond, unlike almost anyone we knew. It was because he had been in the pit -- because he had been in the furnace. And we trusted his judgment."

64 posted on 10/04/2016 1:03:00 PM PDT by SES1066 (Quality, Speed or Economical - Any 2 of 3 except in government - 1 at best but never #3!)
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To: Sir Napsalot

Nonsense. So what deductions is Ms. Granholm rejecting? ZERO.


65 posted on 10/04/2016 1:03:02 PM PDT by lodi90 (Clear choice for Conservatives now: TRUMP or lose)
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To: Sir Napsalot

If possible, she would have built an East German wall to force companies to stay IN Michigan rather than flee as they did during her reign of fecklessness and inanity as governor of Michigan ....


66 posted on 10/04/2016 1:04:37 PM PDT by Rocky Mountain Wild Turkey ("I have an open mind ... just not so open that my brain falls out onto the floor!!")
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To: Sir Napsalot
Not every American looks for every loophole under every rock," she said on MSNBC's 'MTP Daily' on Monday. (snip) "....He's not paying for that.

Actually he is paying for that - in hiring the best tax specialists in NYC, who's sole and entire purpose is to 'look for every loophole' and adhere to every tax law. But, dear Ms. Granholm, Trump must not have been too much in the hole if he turned around the next year and purchased 40 Wall Street aka Trump Tower.

And I doubt Trump would itemize jockey briefs like the Clintons did, or claim a $700K loss in 2015 like the Clintons did - I mean, who in their right mind takes a $700K loss to avoid taxes when they're running for office?

67 posted on 10/04/2016 1:04:38 PM PDT by blueplum ((March 11, 2016 - the day the First Amendment died?))
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To: Sir Napsalot

You mean like taking deductions for donating underwear?


68 posted on 10/04/2016 1:05:30 PM PDT by dfwgator
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To: NonValueAdded

I was about to say the same thing. What kind of loophole is used underwear, hmmm?

I just got through with our personal return, and I looked for every dime allowable. Not doing so would mean more for the greedily wasteful government. Not all of us have a pay to play scheme operating through the state department.


69 posted on 10/04/2016 1:07:19 PM PDT by Tuscaloosa Goldfinch ( I would LOVE to have my old "substandard" insurance back. It didn't cost $1300 a month.)
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To: Sir Napsalot

Got news for you honey, I look for every possible way imaginable to save on my federal and state income tax burden.


70 posted on 10/04/2016 1:07:21 PM PDT by jughandle (Big words anger me, keep talking.)
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To: duckbutt

Income tax is really slavery/theft of a significant fraction of your time here on Erf. The gibsmedats are not similarily harnessed for communal benefit of part of their time on Erf. NOT at all fair.


71 posted on 10/04/2016 1:07:23 PM PDT by Paladin2 (auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
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To: Sir Napsalot

Has she ever claimed the EIC? If so, then she can kindly STFU.


72 posted on 10/04/2016 1:07:41 PM PDT by Sirius Lee (If Trump loses, America dies)
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To: Jemian

Tax laws are not written by members of the middle class. They are written by wealthy people who want to retain as much of their income as possible. Some of the many exemptions are put in there by politicians at the request of donors. Trump is very familiar with this system having paid prostitutes, excuse me, I mean politicians for their services. I really did not mean to offend any prostitutes out there.


73 posted on 10/04/2016 1:07:51 PM PDT by Vehmgericht
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To: Mears
I like a national sales tax.
It would be the only way to truly level the playing field.
I don't think it's possible anymore though.
The tax would have to be too high to cover the behemoth that has been created by socialism.
74 posted on 10/04/2016 1:09:10 PM PDT by right way right (May we remain sober over mere men, for God really is our one and only true hope.)
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To: Sir Napsalot

The Clintons tax- deducted billy’’S used underwear — what does she think of this!?


75 posted on 10/04/2016 1:13:56 PM PDT by faithhopecharity ("Politicians are not born. They're excreted." Marcus Tullius Cicero.)
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To: be-baw

Still though the Wolverines love her!


76 posted on 10/04/2016 1:14:11 PM PDT by Theodore R. (Trump-Pence, 2016)
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To: Sir Napsalot

any tax accountant worth their salt, would take depreciation on a tax return. The law allowed this deduction and so it should be taken.


77 posted on 10/04/2016 1:14:56 PM PDT by Eternally-Optimistic (anything is possible)
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To: Puppage

Maybe... but I bet Jennifer Granholm does.


78 posted on 10/04/2016 1:15:10 PM PDT by Oberon (John 12:5-6)
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To: Sir Napsalot

Yep, that is true. I routinely ignore ways to avoid paying taxes; it is so much fun to pay more taxes than what is due. Everybody does that. In fact, I bet there are plenty of people who send in more than they have to just to experience a thrill. It is so coarse and vulgar to actually follow tax laws for your own benefit.


79 posted on 10/04/2016 1:15:17 PM PDT by odawg
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Go back to Canada, Jennifer.


80 posted on 10/04/2016 1:15:23 PM PDT by Jack Black (Dispossession is an obliteration of memory, of place, and of identity)
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