Trump Tax Returns

Discussion in 'Politics and Religion' started by Dback Jon, Oct 31, 2016.

  1. Kel Varnsen

    Kel Varnsen Moderator Contributor

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    Sad.

     
  2. Rivercard

    Rivercard Too much good stuff

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    That's just stunning. An average of $100,000,000 in losses per year. Or $274,000 per day, every day for 10 years. How do you do that?
     
  3. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    Stable genius
     
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  4. AZ Native

    AZ Native Living is Easy with Eyes Closed Contributor

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    They take advantage of the tax laws that Congress have written. They do not write these laws for you and I, but for the rich.
     
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  5. devilalum

    devilalum Heavily Redacted

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    This is why the tax code is 20,000 pages.
     
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  6. LoyaltyisaCurse

    LoyaltyisaCurse IF AND WHEN HEALTHY...

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    Majority are likely paper losses, which means he actually pocketed much more in true cash that was never taxed.
     
  7. LoyaltyisaCurse

    LoyaltyisaCurse IF AND WHEN HEALTHY...

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    Say it works like this (a very simple example):

    Drumpf pays himself $10 million in salary from his companies in a given year.

    Then, Drumpf takes distributions from those companies for another $5 million.

    Then, he reports K-1 income of negative $30 million and other schedule losses.

    His reported income would be negative -$15 million.

    He pays little to no tax despite receiving true cash of +$15 million.
     
  8. MrYeahbut

    MrYeahbut 4 Food groups: beans, chili, cheese, bacon Contributor

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    This actually helps the common man also. Some years ago, I had a real estate investment that was independent of my contracting business that went south on me. All my income is pass through to me personally so I had a loss that I was able to apply to whatever source of income I had. The reduced taxes I paid helped me recover from prior losses.
     
  9. nidan

    nidan Oscar Contributor

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    That is not the same as gaming the system
     
  10. UncleChris

    UncleChris Retirement Doesn't Suck Contributor

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    I feel confident that other successful real estate developers will come to his defense, all confirming that they did exactly the same thing.

    Here they come..... any minute now...... aaaaaannnnnnnnnyyyyyyyy minute...... tick-tock tick-tock tick-tock....
     
  11. Rivercard

    Rivercard Too much good stuff

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    :clapping:

     
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  12. carrrnuttt

    carrrnuttt Didactic

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    BREAKING: Trump Org. Officially Moving Company headquarters to Moscow, Russia.
     
  13. UncleChris

    UncleChris Retirement Doesn't Suck Contributor

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    With a second, subsidiary hq in Pyongyang....
     
  14. MrYeahbut

    MrYeahbut 4 Food groups: beans, chili, cheese, bacon Contributor

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  15. MrYeahbut

    MrYeahbut 4 Food groups: beans, chili, cheese, bacon Contributor

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