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On Trump and Taxes
Market Ticker ^ | 10/2/16 | Karl Denninger

Posted on 10/02/2016 7:49:39 AM PDT by Dana1960

Oh my, the breathless NYT reports, after aiding and abetting breaking the law by releasing part of a NY state tax return that was stolen (if it's a true copy) from Trump.

The return showed a roughly $900 million net loss one year.

This, the Times reports, means that Trump may not have paid any federal (or state) taxes for many years.

To which I say: So what?

(Excerpt) Read more at market-ticker.org ...


TOPICS: Breaking News; Government; News/Current Events; Politics/Elections
KEYWORDS: journobloggers; newyork; nyt; sulzbergersblog; taxes; trump
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I knew Denninger would be on this like a bulldog on a pork chop. lol
1 posted on 10/02/2016 7:49:39 AM PDT by Dana1960
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To: Dana1960

Question for the writer: How many paychecks have you signed on the “front”?


2 posted on 10/02/2016 7:51:26 AM PDT by Road Warrior ‘04 (Molon Labe! (Oathkeeper))
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To: Dana1960

Hillary breaks multiple laws and endangers national security — and it’s no big deal.

Trump follows the law and it’s the biggest scandal of the 21st century.


3 posted on 10/02/2016 7:52:12 AM PDT by ClearCase_guy (Abortion is what slavery was: immoral but not illegal. Not yet.)
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To: Dana1960

$900 million lose during a Clinton Presidency


4 posted on 10/02/2016 7:52:17 AM PDT by butlerweave
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To: Bushbacker1

Did you read the article? And, WTH is your point?


5 posted on 10/02/2016 7:56:01 AM PDT by crz
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To: Dana1960

email;s, server, perjury, Benghazi, lying, deleting evidence, foundation, and this is what they bring up!!!

God grief all week it has been the Clinton talking points,. Miss Universe, and taxes.

WHO GIVES A F-IN CRAP?

She has nothing to run on at all, and the media cover for her like this!
So sick of the scumbag media.


6 posted on 10/02/2016 7:57:43 AM PDT by manc ( If they want so called marriage equality then they should support polygamy too.)
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To: manc

Good grief


7 posted on 10/02/2016 7:58:11 AM PDT by manc ( If they want so called marriage equality then they should support polygamy too.)
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To: crz

Point is, all of these medial outlet reporters have never met a payroll! Now, what was your point?


8 posted on 10/02/2016 7:58:47 AM PDT by Road Warrior ‘04 (Molon Labe! (Oathkeeper))
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To: Dana1960
People that never had large money dealings or are ignorant of taxes will see this as a major scandal. It's not.

Taking risks with large amounts of money at what makes our economy work.

NOL (net operating loss) is a key function of large businesses. It serves to match the match the revenues and the expenditures that take place over a number of years . And yes the risks and rewards also.

9 posted on 10/02/2016 8:00:59 AM PDT by oldbrowser (Clinton Foundation donations must be turned over to the U.S. like any other gifts.)
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To: Bushbacker1
MY point is that he explained it exactly as the law defines the deduction.
Wanna know why? Becuase I TAKE THAT VERY EXACT DEDUCTION!
10 posted on 10/02/2016 8:01:00 AM PDT by crz
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To: crz
Point is, all of these media outlet reporters have never met a payroll! Now, what was your point?

Hit post before I made my point, I wasn't referring to this writer or this article.

11 posted on 10/02/2016 8:01:21 AM PDT by Road Warrior ‘04 (Molon Labe! (Oathkeeper))
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To: Dana1960

Flashback: The Clintons donated used underwear to charity, wrote it off on taxes

The Conservative Review ^ | May 4, 2015

http://www.freerepublic.com/focus/f-bloggers/3475858/posts


12 posted on 10/02/2016 8:01:46 AM PDT by KeyLargo
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To: ClearCase_guy
Hillary breaks multiple laws and endangers national security — and it’s no big deal.

Trump follows the law and it’s the biggest scandal of the 21st century.

Consider this in your voting decision-making process Am Thinker ^ | Sept 30, 2016 | Jim Waurishuk

Donald Trump is being ripped apart in the news, the mainstream media, and the liberal left nonstop for being a private American citizen like most of us. Yet Barack Obama, Hillary Clinton, and the criminals occupying our government are not. The mainstream media is the Democratic Party. Stop listening to them and allowing them to influence your thinking with their Goebbels-Stalinist-Alinskyite propaganda.

Stop being brainwashed, and start thinking for yourself, as an individual, as a private citizen, as a concerned American – about the Constitution, your country, your and your family’s and your children’s future, about America.

http://www.freerepublic.com/focus/news/3475480/posts?page=1

13 posted on 10/02/2016 8:03:34 AM PDT by Grampa Dave (In a time of universal deceit - teIlling the truth is a revolutionary act! George Orwell)
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To: butlerweave
Based on what I know, I'd say there's a good chance that the losses were reported in 1995 because changes in the Federal tax code that year made it advantageous to do so. If you remember, the Federal tax code changed considerably in 1995 after the Republicans gained control of both houses of Congress in 1994.

I saw examples of this while researching some old records about commercial real estate transactions in 1987. Apparently the tax reform legislation of 1986 included changes that drove real estate investors to make changes to their holdings for tax purposes.

14 posted on 10/02/2016 8:04:02 AM PDT by Alberta's Child ("Go ahead, bite the Big Apple ... don't mind the maggots.")
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To: Dana1960
By the liberal logic shown by the NY Times, every poor person in the country "avoided" paying income taxes. And so did everybody who had huge medical expenses, or whose house was destroyed in a flood, or who lost a fortune in the stock market.

Unlike what the Hillary Clinton liberals say, there is no benefit in losing a large amount of money, and then being able to offset that loss against future income. In reality the situation is no different than someone who doesn't have to pay taxes since they never received the income in the first place.

15 posted on 10/02/2016 8:10:00 AM PDT by freeandfreezing
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To: Dana1960

NEW DRUDGE HEADLINE: NYT PAID NO FEDERAL INCOME TAX IN 2014.


16 posted on 10/02/2016 8:13:04 AM PDT by JerseyDvl (#NeverHillary and we won't forget the backstabbers and sellouts.)
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To: JerseyDvl

Drudge’s headline is in red too. Wish he had used the siren.


17 posted on 10/02/2016 8:16:07 AM PDT by LuvFreeRepublic
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To: Dana1960

Trump may not have paid any federal (or state) taxes

MAY NOT

But no one KNOWS, do they?

So stop already.


18 posted on 10/02/2016 8:16:31 AM PDT by Adder (Proudly Deplorable.)
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To: oldbrowser

What is more, igornant people who do not deal with big expense and maybe some profit don’t know that all tax from profit is due in the year it is made but losses can only be taken against tax on profit. In other words, Uncle Sugar gets his money first the instant you make a profit but you get no refunds on losses unless you first make a profit and recovering your loss back can take years, maybe decades. Just the way it is.

This is no big deal to the educated but to the little people, the sheeple, it is an outrage.


19 posted on 10/02/2016 8:18:07 AM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
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To: manc

So he may have LEGALLY not paid taxes ????

WOW !!!!

That’s a news story ????

Looks like the globalists establishment and their Clinton campaign are out of gas !!!!

TRUMP 2016 !!!!


20 posted on 10/02/2016 8:21:27 AM PDT by mandaladon (It's always good to be underestimated. ~Donald Trump)
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