Well, you can tell by the way I use my walk...
Posted on 05/20/2016 6:04:49 PM PDT by usafa92
Donald Trump paid no federal income taxes for at least two years in the late 1970s, according to a New Jersey government report.
Trump, who has declined to release his tax returns during the campaign season, incurred no tax liability in 1978 and 1979, New Jersey gambling regulators found, when they looked into his tax returns and personal finances in connection with the Trump Plaza Corporation's 1981 application for a casino license.
Trump claimed negative income in both those years: losses of $406,379 in 1978 and $3,443,560 in 1979. In 1975, 1976, and 1977, he claimed $76,210, $24,594, and $118,530 in income, respectively, paying $18,714, $10,832, and $42,386 in federal taxes, according to the document, the Report to the Casino Control Commission.
The regulators "did not ascertain any inconsistent or questionable matters" in Trump's returns, they wrote.
The findings were included in a report obtained by ABC News and verified by the New Jersey Casino Control Commission. Although the regulators viewed Trump's tax returns from 1975 to 1979, they did not include the actual returns in their report to the commission.
(Excerpt) Read more at abcnews.go.com ...
I’ve always been told that if you’re rich and your accountants can’t have you broke on paper, they’re doing it wrong.
*Bonus*. This story was back in the days when one could actually run a company as a tax loss. 100% ( or more ) non taxable. Pop culture references to that include Colonel Cargill from “Catch-22” or “The Blue Moon Detective Agency” from the show “Moonlighting.” Not sure if such a practice is illegal now or just not worth doing.
“So they can go back all those years and find every detail about Trumps life and finances yet they never bothered to investigate huuseins past life at all. Weird, ain’t it?”
Yep.
I questioned a Dem once about Sen. Byrd’s KKK past.
I was told “Well,people change and that’s all in the past”
.
Well, you can tell by the way I use my walk...
...Donald Trump paid no federal income taxes for at least two years in the late 1970s...
And????
They keep bringing up nonsense. And nothing sticks. The idiots.
*yawn*
wha....?
You mean taxes on income aren’t paid by people who don’t have income?
How horrible.
*snicker*
You think you’re tough? Back when a pack of cigarettes had a tax stamp on it, I deliberately smoked the pack without destroying the stamp. And then, heh heh heh, I knowingly used my social security number for purposes of identification. My family disowned me.
There is nothing wrong or illegal about declaring losses in your business. That’s what all those deductions are for. What a nothing story!
And if not Colonel Cargill, then Milo Minderbinder (I make up for it in volume) and everyone gets a share.
so wapa assigns 20 reporters to “investigate” trump and no doubt the rest of the enemedia has assigned hundreds more and this is the best they can come up with? trump lost money a couple of years 40 years ago and therefore paid no taxes?
Any word yet from any media outlet about how many reporters have been assigned to dig up Crooked Hillary’s past? It’s a super easy assignment since so many of Crooked Hillary’s crimes and scandals are already a matter of public record.
Even most of the sheep at the ABC site are ripping on this junk hit piece...
:)
Tax accountant privilege, obviously.
Us lower socio-economic types are stuck with H&R Block...or Aunt Edna, who has done the family taxes for years. She still doesn’t use a computer, you know.
This is it! Trump’s poll numbers will tank now, I tell ya!
They need Trump to win. Otherwise they’d have nobody to vilify for the next four or possibly eight years. Hillary wouldn’t provide then anything but then getting all sloppy gooie over her presidency. Just like 0bama.
I don’t care what anyone says. Greatest dance song of all time.
Most people realize the bias in the liberal media. Now the internet will distract people from watching liberal bias.
Lots of people can see through liberal bias. Hillary is not exciting enough to stimulate an real energy in this campaign. Liberal bias cannot overcome the negatives of a weak candidate.
Most people realize the bias in the liberal media. Now the internet will distract people from watching liberal bias.
Lots of people can see through liberal bias. Hillary is not exciting enough to stimulate an real energy in this campaign. Liberal bias cannot overcome the negatives of a weak candidate.
That’s because he LOST MONEY.. or in other words... HE HAD NO INCOME... if you have no INCOME you don’t pay INCOME TAX... what insanity.
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