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NYT Obtains Trump's 1995 Tax Records, Might Have Legally Avoided Paying The IRS For Almost 20 Years
townhall.com ^ | 10/2/2016 | Matt Vespa

Posted on 10/02/2016 5:19:40 AM PDT by rktman

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To: rktman; All

Here’s what I wish Donald would hit back with on this subject over and over:

Doesn’t the gov’t spend approximately 10 billion a day?

Even if he gave up his ENTIRE fortune of 3.7 billion it wouldn’t fund the gov’t for half the day!!

So if he had paid the exact amount of taxes the liberals think he should have it does not matter.


41 posted on 10/02/2016 5:56:08 AM PDT by CommieCutter
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To: rktman

The NYT keeps trying, but all they do is throw spit balls.


42 posted on 10/02/2016 5:56:41 AM PDT by Old Retired Army Guy (frequently.)
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To: Genoa

You must have forgotten about the “Rich Not Paying Their ‘Fair’ Share” clause in the progs handbook of horrible things to do.


43 posted on 10/02/2016 5:57:16 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: rktman
HILLARY, ABOUT THAT $6,000,000,000.00 IN TAXPAYER MONEY YOU "LOST".....
44 posted on 10/02/2016 5:57:50 AM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
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To: rktman

To whom it may concern: Please point out what Trump did ILLEGALLY.


45 posted on 10/02/2016 5:58:53 AM PDT by jch10 (Stand strong! we have a country to save!)
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To: rktman
This reminds me. I should sell one of my bummer stocks before years end.

What we need to see is a list of all the taxes Mr. Trump paid that year!

46 posted on 10/02/2016 5:59:41 AM PDT by grania (I'm Deplorable)
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To: rktman

Pathetic LOSER Krooked Klintons busy deducting their used underwear as charitable donations in the 1980’s

Who donates used underwear to charity?


47 posted on 10/02/2016 6:03:00 AM PDT by Rome2000 (SMASH THE CPUSA-SIC SEMPER TYRANNIS-CLOSE ALL MOSQUES)
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To: Roccus
Mega-Corruption, Clinton-style: Bonnie and Clyde went to the State House instead of the big house.


48 posted on 10/02/2016 6:04:03 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Engedi
I don’t know why Trump isn’t screaming and focusing on how someone obtained his tax return???

Because he gave it to the NY Times himself. LOL.

49 posted on 10/02/2016 6:05:42 AM PDT by Alberta's Child ("Go ahead, bite the Big Apple ... don't mind the maggots.")
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To: rktman

1995 wasn’t “almost two decades ago.” It was 12 years ago. Wild swings in income aren’t uncommon in real estate.

During the 1990s, Trump’s properties in Atlantic City forced him to the wall. In Ch, 11 reorganizations, he surrendered his 50 percent ownership in Taj Mahal and two other properties. He also took a big hit on the Plaza hotel in New York City. In these reorganization, he sold off a number of properties and businesses, including his yacht and Trump airlines, and was put on a strict budget.

It took him some time to regain his stride. He himself talks about all this in his book The Art of the Comeback.

As for losing $900 million, there aren’t that many people who are in a position to lose $900 million, no less come back even stronger, amassing $10 billion in net worth.

I don’t know how much of the $10 billion represents unrealized capital gains, but, it is probable he has already reported more than $900 million in income since 1995, and so has already exhausted his loss-carryforwards.


50 posted on 10/02/2016 6:10:50 AM PDT by Redmen4ever
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To: rktman

So, Trump played the field the way it was striped. THIS is somehow illegal? Oh, wait...liberal ‘logic’. Right.


51 posted on 10/02/2016 6:12:25 AM PDT by bigredkitty1 (March 5, 2010. Rest in peace, sweet boy. I will miss you, Big Red.)
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To: rktman
There is nothing to see here.

What should be a concern is who let out confidential information on a private citizen.

52 posted on 10/02/2016 6:12:34 AM PDT by KC_Conspirator
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To: Redmen4ever
1995 wasn’t “almost two decades ago.” It was 12 years ago.

12 years ago would be 2004.

53 posted on 10/02/2016 6:13:27 AM PDT by AU72
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To: rktman

And, just who was it that was in charge of the IRS and its tax-code used by Trump in 1995?


54 posted on 10/02/2016 6:13:56 AM PDT by Cletus.D.Yokel (Global warming is the number-one cause of climate change documentaries.)
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To: Redmen4ever

ummm..FYI..1995 was 21 years ago.


55 posted on 10/02/2016 6:14:15 AM PDT by chuck allen
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To: Redmen4ever
1995 wasn’t “almost two decades ago.” It was 12 years ago.

Typo?

56 posted on 10/02/2016 6:15:35 AM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
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To: rktman

Hillary and Bill get paid exorbitant amounts for a speech. They ‘donate’ the money to their Foundation. Basically taking out of the right pocket and moving to the left pocket.
They take a tax deduction for the charitable ‘donation’ and get to crow about how much they ‘donate’ to charity.
And then get to spend the money on
anything they can get away with as a business expense. Reported to be about 80-90% of all ‘donations’.

And then have the balls, with the MSM as backup, to complain about Trump’s legal deductions.


57 posted on 10/02/2016 6:16:57 AM PDT by Vinnie
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To: faucetman

Business losses are a function of the cost of doing business. A business loss occurs when expenses exceed income. This includes paying taxes, buying product, expanding operations, covering overhead (rent, mortgages, utilities, infrastructure like trucks and computers) and paying for contractual services - payroll.
After everyone receives a salary and all of the vendors are paid and all of the taxes on goods and services are paid, whatever is left is profit. Typically this is a minuscule number. That “profit” is then paid to the owners and is taxed as personal income. Or it is reserved for expansion and development, after paying nearly half in state and federal taxes.


58 posted on 10/02/2016 6:17:18 AM PDT by Louis Foxwell (Stop the Left and save the world.)
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To: rktman

Trump has a Net Operating Loss Carryforward. The horrors! How dare he!


59 posted on 10/02/2016 6:17:33 AM PDT by joshua c (Cut the cord! Don't pay for the rope they hang you with.)
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To: Redmen4ever

2016-1995 was 19 when I went to school dawg!


60 posted on 10/02/2016 6:17:44 AM PDT by major-pelham
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