Free Republic
Browse · Search
News/Activism
Topics · Post Article


1 posted on 10/05/2020 5:59:03 AM PDT by Kaslin
[ Post Reply | Private Reply | View Replies ]


To: Kaslin

Where’s Lois Lerner when you need her? Here’s “most transparent” Lois...

https://duckduckgo.com/?q=Lois+Lerner&t=osx&iax=images&ia=images

See the PSYCHO


2 posted on 10/05/2020 6:04:53 AM PDT by PGalt
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaslin

The damand for tax returns is simply a means of discouraging Republicans from running for office.

Trump’s privacy is invaded when his tax info is released without authorization. Trump should unleash his lawyers.


4 posted on 10/05/2020 6:06:12 AM PDT by Brian Griffin
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaslin

Most tax deferrals are based on practical issue that there is no cash to pay the taxes.


5 posted on 10/05/2020 6:08:50 AM PDT by Raycpa
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Kaslin

The MSM is trying to misrepresent how tax law works. Trump pays taxes. But he can go years in his federal taxes before he has to pay anything. Thats because taxes are calculated yearly, and his business has profits and losses that occur over several years, maybe even decades. If he buys land, gets permits, and builds a building, he has losses. And for many buildings, those losses could go on for 5 years. Then when he sells the units, or the building, or rents it out, he has profits. And when those profits come in the losses can be subtracted from the loss. So trump will pay millions in taxes but only for a year or two out of a decade.

But those are only Federal taxes. All along, Trump is paying fees, and licenses and permits, and state and local taxes, and employment taxes and foreign taxes. He generates huge tax revenue for all sorts of taxing bodies, not just the federal government. Oh, and those other taxes can be subtracted from profits reported to the Feds. So the more he pays at the local level, the less he pays at the federal level.


6 posted on 10/05/2020 6:14:40 AM PDT by poinq
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson