Does Donald Trump Pay Taxes?

[BoyNextDoor]

“That makes me smart,” Mr. Trump said after Mrs. Clinton brought up how he had paid no taxes more than two decades ago.

I do not like paying taxes either. I have bitched out it here on the GB. But does it really make him "smart" because he is cheating the system? No wonder the dope won't release his returns.

 

[RichardBentwood]

I'm sure he pays what he owes. If not the IRS would be after him.

 

[chillywilly2]

Its funny watching Hillary beg for something from him and not get it

 

[doowdniw]

Tax avoidance is completely legal. But for him, I suspect it is just the tip of the iceberg. That's what people are saying. I have very credible people looking into it and what they're finding is unbelievable.

 

[Aglaopheme]

Tax avoidance is completely legal. But for him, I suspect it is just the tip of the iceberg. That's what people are saying. I have very credible people looking into it and what they're finding is unbelievable.

And you'll release it someday.....

 

[LiFeNdEaTh]

more like he owes

 

[4est_4est_Gump]

“That makes me smart,” Mr. Trump said after Mrs. Clinton brought up how he had paid no taxes more than two decades ago.

I do not like paying taxes either. I have bitched out it here on the GB. But does it really make him "smart" because he is cheating the system? No wonder the dope won't release his returns.

That's not the right question.

The correct way to phrase the question is, "How many taxable events does[/has] Trump create as an entrepreneur?"

 

[trysail]

It would be extremely unusual for any commercial real estate developer to pay much in taxes.


In fact, if a commercial real estate developer is paying taxes, she/he is incompetent.



​

 

[LadyFunkenstein]

Of course he pays very little in taxes. I will say it again for the 10th time, his holdings do not go on a personal tax return, only the revenue he receives from them. Naturally he is going to pay himself as little as possible.

This does not make him smart, it makes him regular.

 

[phrodeau]

Nowadays, one's health insurance is declared on the tax return.

Donald doesn't want the world to see that he has Obamacare.

 

[BoyNextDoor]

That's not the right question.

The correct way to phrase the question is, "How many taxable events does[/has] Trump create as an entrepreneur?"

It would be extremely unusual for any real estate developer to pay much in taxes.


In fact, if a real estate developer is paying taxes, she/he is incompetent.



​

Of course he pays very little in taxes. I will say it again for the 10th time, his holdings do not go on a personal tax return, only the revenue he receives from them. Naturally he is going to pay himself as little as possible.

This does not make him smart, it makes him regular.

There is a surefire way to see if he is regular, competent and a creator of so-called taxable events.

"taxable events" LOL and WTF!?

 

[BotanyBoy]

“That makes me smart,” Mr. Trump said after Mrs. Clinton brought up how he had paid no taxes more than two decades ago.

I do not like paying taxes either. I have bitched out it here on the GB. But does it really make him "smart" because he is cheating the system? No wonder the dope won't release his returns.

Working the system isn't cheating the system.

 

[BoyNextDoor]

Working the system isn't cheating the system.

I suppose we will have to wait for the completion of the audit and see how much he will be paying in penalties to determine that.

It sure would be nice if that audit were to conclude before it comes time to vote so he can release those returns.

 

[sr71plt]

I'm sure he pays what he owes. If not the IRS would be after him.

Well, apparently if the IRS is taking all this time auditing him, they are after him.

The point on this is the "preparing to be president" point. It means something entirely different that Joe Blow minimizes his taxes as much as he can and that someone who wants to be president--and presumably knows what is needed to pay for the operation of government and that he/she will to pull that out of the citizenry if/when she/he becomes president--although he claims to be super rich, finagles as much as he can to pay less than Joe Blow has to pay. The Clintons prepared for this. They swallowed toeing the line on paying taxes for decades knowing they'd someday have to look like they bent over backward to do their part. Trump didn't, and doesn't "get it" about not having done it. That doesn't make him smart as a presidential candidate. It also doesn't make his supporters smart for not "getting it."

 

[LadyFunkenstein]

There is a surefire way to see if he is regular, competent and a creator of so-called taxable events.

Yes it is called a tax return; it is reviewed by the IRS. They will ream you if you file correctly and there is money to be grabbed.

 

[sr71plt]

I suppose we will have to wait for the completion of the audit and see how much he will be paying in penalties to determine that.

It sure would be nice if that audit were to conclude before it comes time to vote so he can release those returns.

I found from watching a discussion on this yesterday that four years of those disputed tax files are now out of audit--and he hasn't agreed to release those despite his own fake reason for not releasing the others. Yet again he's proving how easily he can dupe his own deplorables.

 

[BotanyBoy]

I suppose we will have to wait for the completion of the audit and see how much he will be paying in penalties to determine that.

Taxes from 20 years ago are a done deal.

It's not illegal to have a good CPA and minding where/how you manipulate your wealth to avoid paying any more than you have to.

It sure would be nice if that audit were to conclude before it comes time to vote so he can release those returns.

LOL, probably never going to happen.

 

[Killswitch1]

His income is leveraged against his outstanding debt and therefore he pays nothing in taxes.

Most wealthy people don't pay taxes. They avoid them like the plague using any number of legitimate schemes but schemes none the less.

I don't even know most of them and I wish I did.

Trysail can probably speak to some of it.

It's all legal but would make a working man/woman puke if they knew they extent of it.

I also suspect trump doesn't want people to know he's Mr. Stingy when it comes to charitable contris.

 

[Paul_Chance]

Yeah, I find the whole avenue of discussion amusing. Hire a CPA, structure your portfolio and income to minimize your tax burden.

I'd actually be surprised if Trump's CPA's didn't know how to best use the existing laws to minimize or even eliminate their tax burden. For a real estate and development firm, they should be folding all their gains back into investments and expenses and paying minimal taxes. That's the whole reason the tax structures is set up like that, to keep the money moving throughout the system, hard at work.

Trump's personal income should be coming out of a low tax/no tax set of investments, like a rolling municipal bond portfolio. It's not unusual at all for savvy business owners to pay no income tax, give the power of expenses and various deductions. Once you've got a sufficient pool of cash, your CPA can set up a no tax/low tax structure for you.

Even on a personal level, unless you're very good at investments, it is worth it to hire a professional CPA. If you happen to be good at investments, then you know that part of being good at it is...hiring a CPA.

 

[Killswitch1]

Yeah, I find the whole avenue of discussion amusing. Hire a CPA, structure your portfolio and income to minimize your tax burden.

I'd actually be surprised if Trump's CPA's didn't know how to best use the existing laws to minimize or even eliminate their tax burden. For a real estate and development firm, they should be folding all their gains back into investments and expenses and paying minimal taxes. That's the whole reason the tax structures is set up like that, to keep the money moving throughout the system, hard at work.

Trump's personal income should be coming out of a low tax/no tax set of investments, like a rolling municipal bond portfolio. It's not unusual at all for savvy business owners to pay no income tax, give the power of expenses and various deductions. Once you've got a sufficient pool of cash, your CPA can set up a no tax/low tax structure for you.

Even on a personal level, unless you're very good at investments, it is worth it to hire a professional CPA. If you happen to be good at investments, then you know that part of being good at it is...hiring a CPA.

75% of the people in this country don't have 500 dollars in the bank, and could do their taxes on a dairy queen napkin.

They dont need a cpa.

They need th truth about whos paying for the cops and firemen. The Military and the infrastructure.

It aint Donald Trump.

 

[sr71plt]

Well, yes, Paul_Chance. But that's why business doesn't work well as an answer when government, where it's not about a financial bottom line and screwing everyone else but it's about covering the common good, safety, and protection, is the question. If you want to be president, government is the question.

 

[BotanyBoy]

75% of the people in this country don't have 500 dollars in the bank, and could do their taxes on a dairy queen napkin.

They dont need a cpa.

They need th truth about whos paying for the cops and firemen. The Military and the infrastructure.

It aint Donald Trump.

Almost sounds like you would like a flat tax?? Fair tax??

Maybe get rid of deductions and curtail growth some more?

If they don't have 500 dollars then they shouldn't be paying taxes either....or they just need to stop sucking at money. Live below their means and get that paper up.

 

[Killswitch1]

Almost sounds like you would like a flat tax?? Fair tax??

Maybe get rid of deductions and curtail growth some more?

If they don't have 500 dollars then they shouldn't be paying taxes either....or they just need to stop sucking at money. Live below their means and get that paper up.

IDK what I want. Other than wanting to pay less myself without becoming a cheat.

It's the guys and folk like me who are actually lucky enough to be stuck in the middle and comfortable but we get hosed.

To big to get out of paying and to small to play the avoidance games.

Also got hosed on this healthcare get down. Fuck.

 

[toubab]

Yeah, I find the whole avenue of discussion amusing. Hire a CPA, structure your portfolio and income to minimize your tax burden.

I'd actually be surprised if Trump's CPA's didn't know how to best use the existing laws to minimize or even eliminate their tax burden. For a real estate and development firm, they should be folding all their gains back into investments and expenses and paying minimal taxes. That's the whole reason the tax structures is set up like that, to keep the money moving throughout the system, hard at work.

Trump's personal income should be coming out of a low tax/no tax set of investments, like a rolling municipal bond portfolio. It's not unusual at all for savvy business owners to pay no income tax, give the power of expenses and various deductions. Once you've got a sufficient pool of cash, your CPA can set up a no tax/low tax structure for you.

Even on a personal level, unless you're very good at investments, it is worth it to hire a professional CPA. If you happen to be good at investments, then you know that part of being good at it is...hiring a CPA.

As I recall, it came out back when Ross Perot ran for president that he paid nothing or next to nothing in federal income taxes, even though he was undoubtedly a billionaire. It's nothing unusual for seriously rich people to avoid such taxes, legally. The tax laws are written by people bought and paid for to write them that way, after all.

 

[Hypoxia]

The law, in its majesty, forbids rich and poor alike from stealing bread, sleeping under bridges, and cheating on taxes.