Trump avoids paying government a billion dollars by legally using the tax code to his advantage

What should we say instead "dodged"? "weaseled his way out of"?

even sam hyde is no match for patton

"Negated", if you have to use a single word synonym.

As repeatedly stated elsewhere, it is fully legal to claim losses as an adjustment against taxable income. If he did not have those losses, he most likely would have had taxable income and therefore would have had tax due.

Tax evasion is a crime. Trump did not commit tax evasion. He did not avoid paying taxes.

>he definitely didn't pay taxes for 20 years regardless of the fact that I haven't seen a tax return!

I feel like a giant trap is waiting to spring, but it's letting every single media entity get bagged before it does

What trump did isn't even close to morally unscrupulous, but a basic and completely accepted concept in accounting.

Correct.

Only voters on welfare want the wealthy to pay onerous taxes.

A money laundering slush fund is much different than a law abiding citizen filing thier taxes

Politico Caught Whitewashing Headline at Request of Team Hillary

politistick.com/politico-caught-whitewashing-headline-to-protect-hillary/

LA doesn't seem to like Hillary Clinton..her campaign rally today lasted less than a minute.
twitter.com/Cronikeys/status/728788010569895938

Testosterone linked to Clinton voters

abc-7.com/story/33284994/testosterone-linked-to-clinton-voters-says-to-fort-myers-doctors-ad

If there were no players there would be no game you wanker.

The foundation never released their records because it's a giant slush fund for the clintons.

>clinton foundation
>(((legal))))
>selling state access to foreign bidders isn't illegal

HUM

agreed. paying taxes in the manner prescribed by law is not illegal or immoral. how this is even a topic is beyond comprehension.

the headline here literally is:
Man files tax returns. Leftists desperately move to create artificial scandal

>This man is a genius.

Then why isn't he even half as rich as Soros? :^)

>outcry over this
>apple does 15 times that number and not a peep
Memes.

But it's not, you goddamn retard. Jesus christ, have you ever paid taxes in your life?

You pay taxes on the net money you make. If I pay 10 million in operational costs and make 12 million, I only get taxed on the 2 million I actually made. But a moron such as yourself would say "HURR DURR HE'S WRITING OFF THE TEN MILLION AND IS GETTING AWAY WITH TAX EVASION!"

This same process can be carried forward from year to year. So if I spend a billion dollars in new property and construction in order to gain future profits, it gets DEDUCTED from those future profits. If I "lose" (read: spend/invest) a net 1 billion in 1995 due to up-front costs and then make 1.2 billion in 1996, then I should only pay taxes on the 0.2 billion because the first is only recuperating the original costs.

This is why Trump doesn't want to disclose his tax statements. Because retards like this who fundamentally don't have a goddamn clue about basic principles of business look at this and think tax fraud is occurring. There is no tax fraud here. No """loopholes""" being taken advantage of.

Here is an explanation of how taxes work since so many people don't understand. The IRS only taxes you on net profits over a period of time that exceeds a decade. For instance if you lose 100k one year and earn 100k the next year, as far as the IRS is concerned you've made no net profit and should not be taxed. Trump filled out his tax return perfectly. If you think Trump did anything you have no understanding of taxes or CTR.

but there are players

This dipshit managed to lose a billion fucking dollars in a year, and all you fags think he's a business genius because he wrote it off.

That's right goy! He just "lost" it! It didn't go anywhere. He left it on the bus on his way home. It certainly wasn't used for investments or business start-ups or anything of the sort!

This is pretty bad, anons. He deliberately tries to avoid his responsibility to society. It's as though he's a selfish schmuck who cares only about his own wealth and power. Personally, I'm disgusted. Why would Cred Forums support someone who doesn't give a shit about Cred Forums?

At least this will be a sufficiently large scandal that we can be confident he won't be elected now.

and there is a game.
and Trump's winning it.

Because Soros is a jew, he sacrifices children for his money and focuses on just amassing it where as Trump has created jobs and constructed many great buildings.

>tfw too smart to pay taxes

It might be legal but that doesn't make it right. He's a freeloader who doesn't want to pay back to the society that helped him to get rich.

>avoid his responsibility to society.

please elaborate on this, Mr. Marx, what exactly is his "responsibility to society" regarding taxes?

>Because Soros is a jew

Daily reminder that Trump has sold his daughter into Jewish ownership :^)

>H-he doesn't pay taxes
>that d-doesnmt mean he's smart

Only socialists and niggers are mad that he didn't pay taxes. If I could have done the I would have.

legal vs right.

we agree trumps tax stuff is legal.
what do you think the right thing is here?

...

Shouldn't people be complaining about the law allowing something like this to happen in the first place?

Sure you can claim that it's unethical or whatever but it's not like the people who are complaining about it wouldn't also choose to pay less if given a completely legal avenue to do so.

If there is a way to pay less and it's completely legal you could even argue that it's a sign of stupidity/masochism/pathological altruism to NOT take the opportunity. After all, if someone puts a gun to your head and says "pay me either 10 dollars or 100 dollars, your completely free choice to make, no repercussions for either", why would you pay 100?

I don't blame someone for looking after their own best interests. I blame shitty, corrupt lawmakers for allowing these loopholes to exist and not doing anything to fix them.

They were so mean to him about that taco salad

It looks delicious

For the last time, he didn't "avoid" taxes.

If your income is negative you don't pay taxes.

Simple as that.

Yes it does.

What he did was right. This isn't him evading taxes through a technically-legal loophole. This is common-sense shit that anyone who's ever paid taxes knows about. You only pay taxes on net profit. Expenses get deducted.

see

You know how this is going to play out:
- Trump is threatening to sue the New York Times and most likely will go through with this (because he has a record of being highly litigious)
- Hillary is going to win the election
- Hillary will appoint another progressive judge to SCOTUS
- Trump's litigation will eventually make its way before SCOTUS
- They will decide against Trump
- He will be massively butthurt
- Cred Forums will rage for days because a billionaire was subject to public scrutiny and was revealed to be a selfish asswipe.

HOLY SHIT MAN
HOW WE GONNA FINANCE THE F-35 BULLSHIT THEN?
DAMN

>implying welfare made him rich
>implying anyone owes a debt to society just for existing

you fucking commies get the rope first

Why should you pay taxes if you have negative income?

Please explain.

wanting to lead a nation without being willing to invest in it is disingenuous at best

If literally anyone else had this accusation lobbed at them you'd be apoplectic

California will go red

I blame his campaign. They should be saying "Donald Trump shouldn't pay taxes he doesn't owe."

Instead, they're saying "Trump doesn't pay because he's smart and skilled" which makes it seem like he's getting away with something

Damn, that looks good. I'm hungry now

The funniest thing is Sam Hyde is absolutely right. These people getting too political are just supposed to be entertainers and they alienate half their audience.

that's because he is

He's just exploiting a loophole that shouldn't exist. He should instead take an honest and fair approach, which means admitting that he does have income, especially in years since 1995, and that he should pay tax on it.

Also, I fucking love the New York Times. A newspaper doing what newspapers absolutely are meant to do. The Fourth Estate in action.

ITS NOT A LOOPHOLE YOU FUCKING MORON

ITS A BASIC CONCEPT IN ACCOUNTING

Everyone stumbles at some point in their lives. The important thing is that you get up after you fail, which is what trump did.

We all have a responsibility to society because we all benefit from society. That's not fucking Marxist, that's the social contract, that's all the fucking enlightenment-era thinkers like Locke whose work provided the foundation for our entire modern civilization.

Actually, for fuck's sake, they developed that idea in Greece circa 500 BC when they came up with the idea that one's actions should benefit the polis.

>loses 1 billion in a year

Somehow this is worse than Obama's trillions of dollars of new debt? Democrats get the rope and shallow graves!

They are too dumb to see it. They are already running stories that Trump had to come back to billionaire status from being dead broke in the 90s like it's hit piece or something. He has an entire fucking book on it and he has talked about it and they act like its secret exclusive information.

people can and do complain about this shit all the time you numb cunt

when people talk about closing tax loopholes to fund government programs (ie reduce tuition and healthcare costs) they're talking about closing the loopholes that Trump and guys like him use to pay 0 taxes.

What if Trump releases his tax returns 10 days before the election and there's nothing there to scrutinize?

WHAT IF HE'S TAKING THEM ALL FOR A RIDE?!

It's a loophole. You should be allowed to carry over losses from one year forward for 18 years. Loopholes like this were created just to allow the super rich to avoid tax. Decent people don't take advantage of them. Selfish faggots do.

You seem to have a problem with your caps lock too, user. Not sure if you can see it but your typing is coming out a bit strange looking.

See

It is not a loophole. A loophole avoiding an intended purpose of the law, but this is using the law exactly as intended.

I run a small LLC and I do the exact same thing on a smaller scale. Its how business works you retard. Why would you pay more taxes on certain things if you lost more than you made?

For the love of god, go take a basic finance class.

Really makes your neurons fire...

>It's not a loophole, but it's a loophole

stick your neck through a loophole and hang yourself

75D subaquatic gridiron pastime

he doesn't use the tax code to his advantage. the people he hired do it. And basically ever rich person does the same (getting people to figure out how they can pay as little taxes as possible)

I love how everyone is mad at Trump for playing the game the establishment set up. No one pays taxes they don't have to. This is exactly why we need someone that has taken advantage of the system for years and not the people that set it up.

You're a retard that doesn't understand taxes.

Hahaha nice b8

Look who owns the NYT. They are getting played. Acting like this is new information. That's how taxes work. You are dumb if you aren't just trolling.

I agree that complying with the tax code is a social responsibility. In this case, the tax law allows him to negate a part of his tax burden by subtracting his losses from his gains.Trump has fulfilled his social responsibility by complying with the tax law.

>The Fourth Estate in action.
I thought leftists were against media hegemony. I guess not when the MSM is on their side.

All the questions in he first debate were agaisnt Trump. What is left for Hillary to attack him? Nothing. Fucking nothing!

Go back to school and take an English comprehension class.

CTR b8

you kikes need to speak for yourself

One is a billionaire property magnate who employs thousands while still paying thousands of times more taxes than you will in your entire life and the other launders money and calls it a """"charity"""" to obtain tax exemption status for what is effectively a slush fund supported by """"donations"""" from the financial industry

Could you please explain the similarities?

If I'm down a billion dollars and it takes me years to recuperate that cost, then I don't pay taxes. This is a very simple concept. You only get taxed on net profit

Because unlike Soros, isn't a nazi collaborator

>Because unlike Soros, isn't a nazi collaborator

I see, so siding with the Nazis is now frowned upon on Cred Forums :^)

>and there's nothing there to scrutinize?
But there is always something to scrutinize. Doesn't matter if your taxes are clean as a whistle. They'll still WOW JUST WOW at you for
1) making "too much" money
2) not making "enough" money
3) not paying "enough" taxes
4) using actual accountants to do your taxes instead of just putting that shit through turbotax

Even if everything checked out, normies who don't understand taxes would be tricked by the jew media into thinking he's an evil porky pig capitalist or whatever the leftypol meme is.

Uh. No. Influence peddling is highly illegal and at least borders on treason, not to mention all the money laundering and tax evasion -- no where near the same as taking a perfectly legal and responsible tax deduction.

Not just anyone can do this though. It certainly isn't as simple as a writeoff

Clinton Foundation and Clinton Global Initiative take millions of dollars from terrorist arabs, so no.

Selling out your own people to be murdered doesn't have anything to do with the merits of Nazi Germany. A rat is a rat is a rat.

No, anyone can do it. You just need proof of your losses.

WHY WOULD ANYONE PAY TAXES IF THE LAW SAYS YOU DON'T HAVE TO

Anyone can do this.

If your argument is that "taxes are confusing!" then whoopty fucking doo. There wouldn't be an entire profession dedicated towards doing personal/business accounting if taxes were simple.

get here motherfucker
WE GOING TO WAR
PEPE ATTACK

There is a strong push to close tax loopholes. Not necessarily this one (as people have noted this really isn't that bad, though on such a large scale it does kinda look that way), but it's not like even the people who have a problem with this, whether rightly or wrongly, are solely beating up on Trump.

However, *bragging* about paying relatively little in taxes when you're very rich, as he did during the debate, is in pretty poor taste. That's definitely not a good look.

It's not about his business failures, dumbass. It's about his failure to disclose his business failures.

This

...

Do you actually think it was Trump himself that came with this ridiculously complex strategy to dodge tax and not a team of highly paid and skilled professional accountants? Are you honestly that deluded OP? If you have money you can pay people to figure this shit out, the average person could never dream of it. He's downright unpatriotic.

So Soros is bad because he's a Jew and they're all the same and stick together.

Except for Soros, who sided against his own people, therefore he's a bad Jew.

Got it :^)

I like how hillary's argument during the debate was that "trump didn't give enough gibsmedats for dem programs!"

Literally the only people that entices is niggers.

Trump takes fucked up situation (losing 1b$) and then legally uses the tax laws to pay only what was required to be paid.

By negating that tax burden, i bet he was able to keep a lot of people employed. imagine if he had to pay taxes on that 1b$ loss, how many of his employees would have had to been fired to keep the company going?

You also have to be a specific type of organization, apply for a specific status, etc. It's incredibly complicated

I know this because I was facing taxes on some stocks I sold, I tried to deduct my losses in the market from a few years prior and was told it was too late because I wasn't a class X investor or a class Y corporation with a class Z account before the year 19xx amendments

Wound up just paying because it was too fucking insane and wasn't much money anyways (an accountant might have cost me more)

Having some of these particular statuses is only possible if you're in certain industries (e.g. real estate) which basically means you have to be a millionaire to even play the game.

It's all legal and in the system but as it's said "money goes to money". And while I think the system is fair, it's hard to argue that to the average wagepleb

Oh, this is delicious. You faggots are twisting yourselves in knots trying to justify this welfare queen behavior just because it comes from Cheeto Jesus. I can't wait for Hillary to peg him in November so I can see your tears drown this board.

Pay to play and corruption is illegal, dumb shill.

None of that describes a loophole.

Soros sold out fellow Jews to the SS in exchange for loot. Soros is bad because he's evil, not because he's Jewish. Anyone who sells out their own people, knowing they'll be killed, in exchange for the right to steal their belongings, is the pinnacle of scum.

Grow up and get over yourself, Ahmed. The Nazis were wrong. The Jews were also wrong. The Allies were wrong. Soros was and is wrong. None of those things contradict the others.

You shouldn't be allowed to do this into a new financial year. The losses you make should all be counted in the year the losses were made. This is a simple concept.

>The Nazis were wrong. The Jews were also wrong. The Allies were wrong. Soros was and is wrong. None of those things contradict the others.

So, everyone's wrong but Trump? Got it :^)

>Do you actually think it was Trump himself that came with this

no, i don't. Trump hired people to do this. Probably hired a dedicated team of people to do this. keyword: HIRED

hiring people to do jobs helps the economy. Trump helps the economy by creating jobs.

its smart to hire the right people who can get the job done.

>trying to justify this welfare queen behavior
Reminds me of some nurse assistants I worked with at one time.

They play the system like pros.. One of them was turning down extra hours / wages to keep her income in the bracket where she gets the maximum gibs. Because if she got paid any more money, she'd actually reduce her overall monthly income. Very degenerate, but also smart...

I haven't used the word "loophole" yet, have I?

He's baiting Hillary.

But WHY?

Follow the conversation up. The convesation you inerjected into was about whether it was a loophole or not.

>He's a freeloader who doesn't want to pay back to the society that helped him to get rich.
then why's he running for president?

Yes. There's nothing wrong with following the tax code, which Trump did and has done. He had a fiduciary duty to his company to minimize tax obligations. I don't expect you to understand that, but I'm sure you can verify it with an adult.

On the other hand, influence peddling is illegal. Money laundering is illegal. Disseminating classified information is illegal. Destroying public records is illegal. Obstruction of justice is illegal. Destruction of evidence is illegal. Tax evasion is illegal. All of those things have been done by Hillary Clinton.

You're literally in a cult.

That's fucking retarded. If I spend a net 10 million in 2016 on a new restaurant in the hopes of making future profits, and then make 12 million in 2017, I should only pay taxes on the actual profit I made: 2 million dollars.

I didn't actually make a net of 12 million. Expenses don't just disappear from year to year.

>a successful businessman tries to pay as little as tax as possible
Why are they acting like this is some great revelation? I give shit i was about to throw away to charity only so i can write it off on my taxes.

LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP LOCK HIM UP

>lock up a law abiding citizen because he hurts your cult leader's feefees
This is literally what liberals believe.

Trump doesn't file his own taxes.
His dad introduced him to his accountant when he was 18 years old.

Nothing personally smart about it. Just rich

>Trump avoids paying government a billion dollars by legally using the tax code to his advantage
Anyone that has income producing real estate uses the same laws Trump uses. It's all a matter if scale.

This is probably a good thing for redpilling normies/apolitical people. It's not just the political entertainers that all have a liberal bias. It's all of Hollywood and they're using their platforms to influence an election.

Power lust and narcissism.

If you're smart, you do the timing of the restaurant so some of the expenses for setting it up carry over into 2017.

So in 2016 you make a loss of $5 million and pay no tax, then in 2017 your expenses are another $5 million and your profit is $12 million, so you pay tax on $7 million. This seems absolutely fair to me and rewards business acumen without letting people get away with paying no tax at all, especially when they do actually make money.

You're not as smart as you think you are.

My family has just as money as Trump does and we don't resort to his bullshit. You're just as much a part of a cult by ignoring the massive iceberg of Trump's misdeeds, especially if you think he doesn't break the law every time he thinks he can get away with it. (Protip: that's what most of us do at the top.)

following that logic negers are geniuses aswell since they dont work, commit crime yet are still supported by your taxmoney

dumb amerisharts
thiefing is never something to be praised, bypassing laws should not be praised, that is gypsy behaviour

tax story is bullshit. imagine hillary's face next week when CTR's latest attempt to create controversy fizzes out. SCHLONGED AGAIN. c'mon CTR shills, you need to up your game a bit or grandma is going to go find new trolls.

You clearly have no concept of income taxes. You obviously earn a wage and save literally no money, so you've never incurred a negative income in your life, but you have to realize that businesses incur negative income (aka "losses") sometimes as a natural course of doing business.

The key word here is income. When you pay income taxes, you pay the government based on your accrued income, which is another term for profit. If you lose money, you have negative profit, and thus pay no taxes, as you do not have income (remember, in accounting terms, income and profit are largely interchangeable). You then carry that negative income forward to keep an accurate accounting of how much money you've madeor lost.

This is literally basic accounting. Like, you can't get more basic than this. There are no "loopholes" being used, this is literally the entire concept of income taxes. If you weren't allowed to write off losses, they wouldn't be income taxes.

Seriously, Trump is having a terrible time at the moment. Look at all the self-inflicted wounds this week.

Take this reporting for example (and Politico leans a little left but includes conservative views too):
"Bombshell report on Trump taxes sends GOP nominee reeling.
It puts an exclamation point on what was already one of the worst weeks for any presidential candidate in recent memory."

politico.com/story/2016/10/donald-trump-tax-records-new-york-times-229012#ixzz4LwQaeiBY

It's not a loophole, but it's perceived as one because people don't want to believe that the tax code was intentionally designed to protect the very rich from taxes.

NYT Editorial Board - To Jail!!!!!!!!!

Federal law makes it illegal to publish an unauthorized tax return:

It shall be unlawful for any person to whom any return or return information (as defined in section 6103(b)) is disclosed in a manner unauthorized by this title thereafter willfully to print or publish in any manner not provided by law any such return or return information. Any violation of this paragraph shall be a felony punishable by a fine in any amount not exceeding $5,000, or imprisonment of not more than 5 years, or both, together with the costs of prosecution.

That's not how income brackets work fucktard

Not taking the deduction on a $900 million loss would make you a colossal idiot, and you would very quickly find yourself in the poor house. Stop roleplaying you stupid faggot.

>what most of us do at the top
>implying you aren't a bottom

The tax law in question is straightforward and isn't a loophole. It was designed to keep investors solvent enough to continue priming the economy despite personal setbacks. It's a law that protects everyone, rich and poor alike. He's not a genius for using it, though he'd be a total moron if he didn't. And he's not the devil for using it. The law stabilizes the economy, and that's in everyone's interests. This "issue" is a non-issue.

...

>If you're smart, you do the timing of the restaurant so some of the expenses for setting it up carry over into 2017.
Or, get this, you can just have Losses Carried Forward. you shouldn't have to do a fucking song and dance just to get your losses and revenue on the same tax filing year.

Also the law Trump is using was signed into law by Bill Clinton.

>literally
Smells like nu-male in here.

Precisely

>fucktard
I take it you're an expert on the ins and outs of American welfare programs?

well the left wing isn't right either ;)

It's a loophole her husband created.

They're terrified and it's hilarious. They're working overtime to shill their narrative and all they're doing is making the shilling more obvious. The only two people I know who were considering Hillary, and who are lifelong die-hard democrats, have switched after seeing how obviously slanted the media has been against Trump.

t. turbo cuck

Say it with me now, "PRESIDENT TRUMP".

I'm surprised all you Liberty Tax idiots could take time off from your foot fag image collecting to reply to this post.

haha what a cuck losing to a woman

It's not a loophole. It's a basic part of accounting. You pay taxes on net income (ie, profit), not revenue.

You realize the Clinton Foundation is one massive tax shelter right?

Junior, Bill Clinton wasn't even born when that part of the code was produced. Nice try, Ivanka.

NICE POST SENPAI

100 100 100 FIRE FIRE FIRE SMILEY OK

Perhaps it's because I'm a CPA, but I don't see the controversy in this at all. Literally millions of Americans/businesses use a carry-forward loss in one year to offset income earned in subsequent years.

That's the best part of this, actually. They opened Pandora's Box by going after Trump's (squeaky clean) taxes. Now he's justified in going after all the corrupt dealings of the Clinton Foundation.

This is a case of "people who live in glass houses shouldn't throw stones" cranked up to 11

i beleive there are many, like myself, that see this "tax thing" as nothing more than political bullshit.

hrc is so desperate to win, she tosses anything at Trump, hoping it sticks. she knows her path to the white house relies on convincing the stupid to love her and hate him. "HATE TRUMP, LOVE ME" this hillary's mantra. she has no other tactic. she has no other message. she has no business as president. its time for grandma to go back to Arkansas for a nice long rest.

That guy is such a midget faggot

Kek. Sure you do. Show proofs of you being as rich as trump.

PRESIDENT TRUMP

PRESIDENT TRUMP

Librul education here folks. Durr

And she spends all her time attacking trump on frivolous bullshit because she knows that if she had to stand on the laurels of her policies, nobody whatsoever would vote for her. I don't think anyone even knows a single policy of hers. There's absolutely nothing inspiring that she wants to bring to the presidency. Her only strategy is "vote for me because Trump is a doodoo head"

And that strategy - "vote for me because I'm not the other guy" - NEVER WORKS

Only T R U M P F A G S think this is a good thing

Using our memes against us only outs you as an outsider and serves to highlight your cuckdom.

the tax code is so massive and confusing, most people don't get it. i dont get it. its because of this confusion, hillary can spin just enough mystery around the 'scary' tax stuff to cause more uninformed trump hate. This is her strategy and platform. she spends millions on CTR and MSM to do this. thanks to the cpa, the tax prep people, and all those in the know about taxes posting here to put some light on this tax thing.

mzlaidlaw.wordpress.com/2016/09/30/trumps-tax-returns-and-the-death-of-the-dnc-campaign/

If this is the best you faggots got I'm already looking forward to helping build the wall and collecting my share of the pesos that will pay for it.

This isn't a tax loophole. This is literally basic finance. You lost x one year, made x the next, no net profit. Ergo, no taxes need be payed.

You mean his lawyer and accountant are geniuses...

....as far as I can tell Trump is neither a lawyer or an accountant. But with enough money you can buys those services to do just what he did (remember Mossak Fonsecca??)

Legally he did nothing wrong, but morally it doesn't look good.

He probably did purposely do it. He ran up a huge deficit one year on the premise that it'd save him money over time.

Smart but morally reprehensible in many people's eyes.

But I'm conservative, retard.

Go ahead, call Bonquisha a genius when she works the welfare system over by popping out babies at the optimal rate

>that pic of jimmy carter ostracized

and what about hard-working people who earn $50,000 a year and pay a good amount of that back in tax. How can these people relate to someone who uses fancy accounting to avoid all tax?

You have to understand the cuckservative viewpoint

Your worth as a human being is tied directly to your net worth in USD

The "hard working people" that make $50k a year believe they deserve to pay 30% of their income in taxes because they aren't as smart as billionaires must be

What are you talking about? Everybody looks to use as many deductions as possible to lower their tax rate. Nobody but morons pay more than they are legally required to.

You can literally do this in turbotax. You're an idiot.

So we can close this loophole by taxing gross profits instead of net profits? After the estate tax it'd be funny if Hillary proposes that.

what about them? how does Trump filing his taxes in accordance with the law affect you in any way?

>Failure to disclose failures

Literally wrote a whole book about it.

There's nothing immoral about what he did. In fact, not taking the deduction would be a violation of the LEGALLY BINDING fiduciary duty he has to his employees and investors -- something he could be sued over.

>t. proud pseudo-intellectual turbo cuck
Thanks for Correcting the Record!

That is a lie but Hillary uses your tax money for personal effects.
youtu.be/bJctu9KdY-A

>
>Your worth as a human being is tied directly to your net worth in USD

please elaborate on this concept?

im failing to see the connection you are trying to make between a person's "worth as a human being" and a person's "net worth in USD"

Lol yea use that "warren buffet rule" you guys are so proud of and pay more!!

Oh wait..

Do you understand basic finance? Maybe all those years under Communist rule has made you embrace being economically retarded

I wouldn't call the carryback and carryforward rules particularly fancy, but the whole ordeal shows a few things. First, he completely bombed with his business in 1995, a year where the Dow Jones was up 33% and US GDP get 2.7%. Second, he is loose and reckless with business and was overleveraged to hell. All those contractors and subcontractors have very poor priority rights in a bankruptcy....meaning so many people lost money on legit work they did. I bet many of those small businesses had to close their doors because working on a Trump project was probably their biggest job. But DJT gets to book a huge loss. carry it back two years to obtain tax REFUNDS, and carry it forward over a decade to negate any of his future income. And he goes on TV and brags about making a lot of money in Atlantic City.

You can't treat a nation's economy the same way. Argentina defaulted on its debt twice, and refused to pay creditors (like DJT suggests he would do to "renegotiate" our debt).

I always pay my entire check in extra taxes because I'm a faggot

>someone paying into the system
>someone taking from the system
Not the same at all

>There's nothing immoral about what he did. In fact, not taking the deduction would be a violation of the LEGALLY BINDING fiduciary duty he has to his employees and investors -- something he could be sued over.

truth. imagine if he had gone to his employees and shareholders and said "guys, we don't give the government enough money. lets give them an extra billion this year, what do you say?"

more than likely, the lawsuits would be filed against him the same day. investors would run away from him, screaming. The Trump businesses would have been destroyed.

Lol he claimed a business loss of a billion.

He can't elaborate on it because it only exists as a talking point in his mind, handed down to him from higher ups in the cult hierarchy. Liberalism is an ideological multi-level-marketing scheme.

True, the government NEVER has a bad year. It does what it wants and spends what it wants, regardless of the economy's performance.

Entrepreneurs take risks.

> if this offends you, don't hate the player, hate the game.

I'll be honest -- I hate Trump with a passion -- but the fact that he used a tax lawyer to figure out how to pay the minimum amount in taxes is totally a non-issue.

> This man is a genius.

Yes, obviously it required a genius to realize that it might be a good idea to hire a tax lawyer to devise a strategy for paying minimum taxes. Nobody had ever thought of that idea before, but then Trump with his genius mind was the first person to figure that out.

Everyone knows you can carry losses forward for years. This isn't even some buried-in-the-books tax code.

>pseudo-intellectual

Just because Hillary didn't get caught deleting emails doesn't make it right.

There's a lot more; don't go there.

Not an argument.

What fucking idiot pays taxes when they dont have to?

Trump also says he will fix the issue, which means he should be getting 100% of the vote.

>Thanks for Correcting the Record
Argument?

Delete your account.

Yikes. Patton hasn't done the KFC bowls bit in over a decade. Since it was relevant, I mean.
If you think voting for Trump is a good idea then how are you a fan of his in the first place? He railed against GWB the entire time he was in office. He unabashedly supported Obama before his election and throughout his whole presidency. He's been doing jokes where William F Buckley was the punchline since he started stand up.

If you're a conservative republican how are you just now realizing he's a liberal and really vocal about it?

Is that an argument?

Fucking liberals for locking up this poor man.

Agreed.

>railed against GWB
That's a good thing. You'd understand that if you weren't in a cult. Conservatives don't follow leaders, we follow principals. GWB was better than Obama, but he was still mostly shit.

>being this delusional
Nowadays, Al Capone would be the democrat mayor.

It's funny you should mention Al Capone though, because Hugh Rodham was one of the men who took over the Chicago mob after his incarceration. What a small world, amirite?

oh god i love that image

feel the logic flow through you! kek wills it.

you can put anything on the envelope.

No, he signed it into law actually.

Do me a favor user

1. Get a billion dollars (Good luck)
2. Lose a billion dollars
3. Proceed to then MAKE IT BACK and THEN SOME

Yes, he fucked up and lost 1 billion dollars. But then he made his fortune back.

He is a business genius because he made it all back. The left will spin this as him being shady and terrible at business and the people will eat it up, but theyre all retarded because they do not understand the situation.

That image is fucking brilliant!