Current Events 3/17: good job cole

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Comrade Blyatlov: Aug 4, 2007; should have picked four fingers

i can't really find a good stream that isn't tripping constantly so please update me with what's going on

# ? Mar 15, 2017 01:57

Adbot: ADBOT LOVES YOU

# ? May 9, 2024 07:31

shyduck: Oct 3, 2003

yeah throw around words like jihad and get mad when people throw around words like nazi

# ? Mar 15, 2017 01:58

SwampDonkey: Oct 13, 2006; by Smythe
(and can't post for 4 years!)

https://www.youtube.com/watch?v=ACkRqpBj7n4

# ? Mar 15, 2017 01:58

Comrade Blyatlov: Aug 4, 2007; should have picked four fingers

SwampDonkey posted:

https://www.youtube.com/watch?v=ACkRqpBj7n4

yesssssssssss

# ? Mar 15, 2017 02:00

shyduck: Oct 3, 2003

I'm half-expecting a Max Headstrong incident here for some reason

# ? Mar 15, 2017 02:02

Third World Reagan: May 19, 2008; Imagine four 'mechs waiting in a queue. Time works the same way.

https://www.wsj.com/articles/donald-trump-got-a-big-break-on-2005-taxes-1458249902

# ? Mar 15, 2017 02:02

butros: Aug 2, 2007; I believe the signs of the reptile master

Get to the point lady Jesus gently caress

# ? Mar 15, 2017 02:03

boop the snoot: Jun 3, 2016

Third World Reggin posted:

https://www.wsj.com/articles/donald-trump-got-a-big-break-on-2005-taxes-1458249902

paywall, dawg

# ? Mar 15, 2017 02:04

Nostalgia4Infinity: Feb 27, 2007; 10,000 YEARS WASN'T ENOUGH LURKING

butros posted:

Get to the point lady Jesus gently caress

you must be new to my bae rachel maddow

# ? Mar 15, 2017 02:05

Nostalgia4Butts: Jun 1, 2006; WHERE MY HOSE DRINKERS AT

butros posted:

Get to the point lady Jesus gently caress

rachael spends the first 15 min going around in a circle to her story. its nice. enjoy it.

# ? Mar 15, 2017 02:05

shame on an IGA: Apr 8, 2005

butros posted:

Get to the point lady Jesus gently caress

This is going to end badly for all of us after Bannon's paranoia is legitimized

# ? Mar 15, 2017 02:06

butros: Aug 2, 2007; I believe the signs of the reptile master

Nostalgia4Butts posted:

rachael spends the first 15 min going around in a circle to her story. its nice. enjoy it.

I'm out of booze, goddam "blizzard."

# ? Mar 15, 2017 02:06

Third World Reagan: May 19, 2008; Imagine four 'mechs waiting in a queue. Time works the same way.

TBeats posted:

paywall, dawg

fuuuck

quote:

By RICHARD RUBIN
March 17, 2016 5:25 p.m. ET
137 COMMENTS

Donald Trump was able to deduct $39.1 million from his 2005 federal income taxes by pledging not to build houses on a New Jersey golf course he owns, according to public records.

An appraisal conducted for the 2005 transaction determined that Trump National Golf Club in Bedminster, N.J. was worth $49.5 million if it could be split into 33 estates, but just $10.4 million as a golf course. Tax law lets property owners impose permanent conservation restrictions and then claim charitable deductions for the reduction in value. Those restrictions curb what future owners may do with a property.

In 2005, according to the Internal Revenue Service, 2,186 taxpayers claimed so-called conservation easements for a total of $1.8 billion. That means Mr. Trump�s $39.1 million would have represented about 2% of all such deductions nationwide that year.

Mr. Trump, now the front-runner for the Republican presidential nomination, subsequently built a second golf course on the property, which once belonged to automobile executive John DeLorean. He said last year in his federal financial disclosure that the property was worth more than $50 million.

The appraisal raises questions about the success of the golf club, in a semi-rural part of New Jersey where Mr. Trump once considered building his own private cemetery.

�The property owner has shared projections for the existing golf course operations�that show, prior to depreciation, a consistent loss emanating from the operation of the country club,� wrote the appraiser, Robert Heffernan. �I would not perceive a point in the near future where the golf course operation would establish adequate operational income to substantiate a reasonable value to the underlying land that would exceed its alternate value as a residential subdivision of 33 individual building lots.�

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Unlike other candidates, Mr. Trump has refused to release even part of his federal income-tax returns, citing continuing audits. But county land records revealed that he has donated conservation easements on at least four of his properties: The Mar-a-Lago Club in Palm Beach, Fla., the Seven Springs estate in Westchester County, N.Y., the New Jersey golf club and a golf driving range on the California coast. Three of the donations, including the Bedminster one, were made in December, when taxpayers are typically making deductions that can offset that year�s income.

In 2005, the top federal income-tax rate was 35%, so Mr. Trump could have shaved more than $14 million off his tax bill and claimed a state income-tax deduction.

�Trump is not a rare bird in this. This is a common practice,� said Dean Zerbe, a former Republican Senate staffer who helped lead investigations into the aggressive use of conservation easements. �From a public-policy viewpoint of �we want to preserve public space, we want to preserve farmland, we want to preserve habitat,� that�s where you kind of wince a little bit.�

Mr. Trump has called himself an �ardent philanthropist� and his campaign claimed in 2015 that he had donated $102 million over the prior five years. That amount dwarfs his publicly reported contributions to his own foundation.

The easements themselves don�t show how much Mr. Trump deducted. Most of them were donated to nonprofit groups that don�t have to disclose the appraisals.

But in New Jersey, Mr. Trump donated the easement to the town of Bedminster, and a clause on page 13 required him to send the town the appraisal he was using �to calculate any deduction for federal income-tax purposes.� The Wall Street Journal obtained the appraisal on Thursday through a public-records request. The appraisal doesn�t include any portion of Mr. Trump�s tax return.

The IRS has been aggressively challenging conservation easements, especially on golf courses, through audits and litigation.

Hope Hicks, a spokesman for Mr. Trump�s campaign, didn�t immediately respond to a request for comment on Thursday. Neither did Mr. Heffernan, the appraiser.