Then he goes on Twitter and complains about things being paid for with “our taxes.” If he’s so proud of being “smart” like that, why hide them so determinedly? (After saying over ten times that he would release them, too.)
I’d say that the big problem is the way the tax code rewards people who bet big and lose big. The more money one has to work with the more tax deductions are useful and available. When the top tax rate was 90% (that’s: 90% of income being taxable not taking 90% of one’s earnings) the economy was in great shape overall and we enjoyed the longest period of sustained growth in our history. Then came Reagan with his tax cuts and down we went never to fully recover.
Everyone complains of the “tax rate”.. but what difference does a rate make if no one pays it due to all the loop holes? The only one paying the full share is the “little people”.
Tell me, does anyone here seriously believe that if it had been the Clintons who hadn’t paid those taxes, the righties would be saying things like, “Only a fool pays more taxes than the law demands.”?
Trump lost a billion and was excused for paying taxes for 20 years.And the right wing sycophants want to elect him for his “business experience”. What a bunch of vicious deluded frauds the right wingers are.
Democrats have been trying to close these loopholes for years (the hedge-fund loophole comes to mind). Republicans block it every single time. Do not look to Trump to fix tax loopholes. It’s similar to the Ryan plan, which gives 99.4% of the tax cuts to the rich. (Those of the rich who still pay taxes, naturally.) I’d like to see all income taxed at the same rate. It would stop all of these shennanigans where people spend more effort trying to reclassify their income as capital gains than they do actually creating things.
And here you see Saint Ronnie’s trickle down in action. A Trumped up Trickle-down where all the money goes up to the rich and they don’t have to pay for the cars you will have to pay the taxes for the street he wants to ride on. If he takes any transportation, he has not paid for any of the infrastructure or the transportation, that is for you to pay for. If he turns up the heat and uses energy, you’ll pay for that energy to get to him and the infrastructure. If he wants to take a walk, you can pay for him to do it. This is what the Republican party has always wanted, and Trump has ruined it. If you are rich enough, you can lose millions and not pay for taxes, leaving the middle and poor to prop up our great country, while these “rich” live off the fat of the land.
Strange no ones has noticed about the single sheet of the single year so far released/leaked:There are no details on where the income came from and where the losses went;There are not even that much details on other years, did he lump all his loses into that one year, release/leak that, and portray it as normal for all years?Remember, he is noted for being his own press agent under assumed names, that IRS cannot release any information that might refute it. Are we sure the whole thing isn’t just another trade-mark fabrication with no basis in fact? And while there has been token references to the tax code being written primarily by petroleum and casino wealth, it is only mentioned in passing, and never covered in depth.
Ooops, NarrowMinded, you got it backwards. The Clinton Foundation is not the one whose fundraising has been shut down for fraud or who had to pay fines for trying to bribe the Florida Attorney General to stop the investigations into the Trump University fraudulent scam. In contrast, 25+ years of vicious, politically-motivated investigations against Hillary have come up with exactly NOTHING but wasted tax dollars spent by fiscally irresponsible CONservatives.
Shouldn’t people be more bothered by the fact that there is a law on the books that allows that than just that Trump was one of how many(?) who used it. Who wrote it and when did it pass and why hasn’t it been repealed????
Kip W over 7 years ago
Then he goes on Twitter and complains about things being paid for with “our taxes.” If he’s so proud of being “smart” like that, why hide them so determinedly? (After saying over ten times that he would release them, too.)
ED CANTWELL over 7 years ago
I’d say that the big problem is the way the tax code rewards people who bet big and lose big. The more money one has to work with the more tax deductions are useful and available. When the top tax rate was 90% (that’s: 90% of income being taxable not taking 90% of one’s earnings) the economy was in great shape overall and we enjoyed the longest period of sustained growth in our history. Then came Reagan with his tax cuts and down we went never to fully recover.
Alberta Oil Premium Member over 7 years ago
Everyone complains of the “tax rate”.. but what difference does a rate make if no one pays it due to all the loop holes? The only one paying the full share is the “little people”.
Simon_Jester over 7 years ago
George Harrison is rolling his grave…laughing!
William Bednar Premium Member over 7 years ago
What? Only two decades without paying taxes?! Donald!! You’re slipping!!
Simon_Jester over 7 years ago
Tell me, does anyone here seriously believe that if it had been the Clintons who hadn’t paid those taxes, the righties would be saying things like, “Only a fool pays more taxes than the law demands.”?
Happy Two Shoes over 7 years ago
Trump lost a billion and was excused for paying taxes for 20 years.And the right wing sycophants want to elect him for his “business experience”. What a bunch of vicious deluded frauds the right wingers are.
Happy Two Shoes over 7 years ago
Trump games the tax system and the right complains about any welfare fraud of the poor. Right wingers are mentally ill.
ARodney over 7 years ago
Democrats have been trying to close these loopholes for years (the hedge-fund loophole comes to mind). Republicans block it every single time. Do not look to Trump to fix tax loopholes. It’s similar to the Ryan plan, which gives 99.4% of the tax cuts to the rich. (Those of the rich who still pay taxes, naturally.) I’d like to see all income taxed at the same rate. It would stop all of these shennanigans where people spend more effort trying to reclassify their income as capital gains than they do actually creating things.
Mr. Blawt over 7 years ago
And here you see Saint Ronnie’s trickle down in action. A Trumped up Trickle-down where all the money goes up to the rich and they don’t have to pay for the cars you will have to pay the taxes for the street he wants to ride on. If he takes any transportation, he has not paid for any of the infrastructure or the transportation, that is for you to pay for. If he turns up the heat and uses energy, you’ll pay for that energy to get to him and the infrastructure. If he wants to take a walk, you can pay for him to do it. This is what the Republican party has always wanted, and Trump has ruined it. If you are rich enough, you can lose millions and not pay for taxes, leaving the middle and poor to prop up our great country, while these “rich” live off the fat of the land.
hippogriff over 7 years ago
Strange no ones has noticed about the single sheet of the single year so far released/leaked:There are no details on where the income came from and where the losses went;There are not even that much details on other years, did he lump all his loses into that one year, release/leak that, and portray it as normal for all years?Remember, he is noted for being his own press agent under assumed names, that IRS cannot release any information that might refute it. Are we sure the whole thing isn’t just another trade-mark fabrication with no basis in fact? And while there has been token references to the tax code being written primarily by petroleum and casino wealth, it is only mentioned in passing, and never covered in depth.
lonecat over 7 years ago
Let’s be fair. The loophole Trump used could be used by anyone. That is anyone who happens to have lost a billion dollars in real estate revenue.
raycity2 over 7 years ago
Buffet an other dems did the same thing but that’s ok
DD Wiz Premium Member over 7 years ago
Ooops, NarrowMinded, you got it backwards. The Clinton Foundation is not the one whose fundraising has been shut down for fraud or who had to pay fines for trying to bribe the Florida Attorney General to stop the investigations into the Trump University fraudulent scam. In contrast, 25+ years of vicious, politically-motivated investigations against Hillary have come up with exactly NOTHING but wasted tax dollars spent by fiscally irresponsible CONservatives.
DD Wiz Premium Member over 7 years ago
What kind of “successful businessman” loses a billion dollars in one year by owning CASINOS?
Night-Gaunt49[Bozo is Boffo] over 7 years ago
Shouldn’t people be more bothered by the fact that there is a law on the books that allows that than just that Trump was one of how many(?) who used it. Who wrote it and when did it pass and why hasn’t it been repealed????
hugewolf over 7 years ago
It’s not that he is not paying taxes, it’s the fact he deceived people into thinking he IS paying taxes. It’s a matter of trust.
What else is he hiding?