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emdash posted:http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&_r=0 hello I guess we have our October Surprise. 
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Oct 2, 2016 02:22
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Epic High Five posted:If he has paid no taxes and received almost a billion in taxpayer largess for his various projects, he will end up being the biggest welfare queen ever
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Oct 2, 2016 02:23
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emdash posted:tbh I'm not sure it's all that great politically since it's all above board, but it is interesting oh that's definitely the angle they're taking. nytimes posted:The $916 million loss certainly could have eliminated any federal income taxes Mr. Trump otherwise would have owed on the $50,000 to $100,000 he was paid for each episode of “The Apprentice,” or the roughly $45 million he was paid between 1995 and 2009 when he was chairman or chief executive of the publicly traded company he created to assume ownership of his troubled Atlantic City casinos. Ordinary investors in the new company, meanwhile, saw the value of their shares plunge to 17 cents from $35.50, while scores of contractors went unpaid for work on Mr. Trump’s casinos and casino bondholders received pennies on the dollar.
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Oct 2, 2016 02:23
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Binary Badger posted:http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html Honestly, I think being able to carry forward losses makes some degree of sense. If I lose a million dollars on March 31st and make it back on April 1st, there are no tax implications, why should it be different if I lose the money on December 31st and make it back on January 1st? Also, just want to throw out there that the "18 years" figure is based on an income of $50 million per year, which as far as I know is pulled from thin air. That said, the claim that Trump has a responsibility to his employees to pay as little personal tax as possible loving absurd and should be roundly mocked.
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Oct 2, 2016 02:24
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emdash posted:http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&_r=0 hello holy poo poo it's as bad or worse than people were speculating
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Oct 2, 2016 02:25
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emdash posted:http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&_r=0 hello Well, I think this more than makes up for the Tiffany Trump puff piece they published.
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Oct 2, 2016 02:25
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Epic High Five posted:like, even the poorest of the poor get hit with a bunch of taxes they can't avoid, like sales tax and taxes on utilities etc etc etc No, this deduction only applies to income tax, he'd still be on the hook for property taxes and sales taxes and poo poo.
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Oct 2, 2016 02:25
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ComradeCosmobot posted:I guess we have our October Surprise. I want to thank them for waiting until Oct 1 to publish it
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Oct 2, 2016 02:26
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Jackson Taus posted:Honestly, I think being able to carry forward losses makes some degree of sense. If I lose a million dollars on March 31st and make it back on April 1st, there are no tax implications, why should it be different if I lose the money on December 31st and make it back on January 1st? I think the 18 years is more based on the IRS rule of you can wipe out gains from 3 years before or 15 years into the future. So I do get what you're saying about the 1 year thing, but gently caress going 15 years into the future.
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Oct 2, 2016 02:26
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As long as it's yet another optics nightmare that Trump is forced to deal with in his own awful way it'll be worth it. With only 37 days remaining any media cycle that revolves around his failure is devastating.
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Oct 2, 2016 02:26
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Second favorite part is that this was released during a rally of his. Intentional or not, I love that he can't be on twitter immediately to defend himself, and I'm sure his tantrum will be all the greater when he does react
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Oct 2, 2016 02:26
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Jackson Taus posted:Also, just want to throw out there that the "18 years" figure is based on an income of $50 million per year, which as far as I know is pulled from thin air. Its based on what can be objectively proven to have been income for him in those years
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Oct 2, 2016 02:27
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Also, this 918 mil is no where his all time losses, he has hosed,up so many business ventures, he has probably written down atleast double or triple this amount, lifetime
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Oct 2, 2016 02:28
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quote:Mr. Trump declined to comment on the documents. Instead, the campaign released a statement that neither challenged nor confirmed the $916 million loss. holy moley
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Oct 2, 2016 02:28
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emdash posted:http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&_r=0 hello 
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Oct 2, 2016 02:28
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Jackson Taus posted:No, this deduction only applies to income tax, he'd still be on the hook for property taxes and sales taxes and poo poo. If he wants to make this claim he's more than welcome to prove it, but so far all signs point to Trump Pays No Taxes
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Oct 2, 2016 02:29
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https://twitter.com/Bencjacobs/status/782378018060705792 Tough week, huh?
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Oct 2, 2016 02:30
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Jackson Taus posted:Honestly, I think being able to carry forward losses makes some degree of sense. If I lose a million dollars on March 31st and make it back on April 1st, there are no tax implications, why should it be different if I lose the money on December 31st and make it back on January 1st? If I'm reading it right, it's not just $50 million in income but $50 million in taxable income. That's an absolutely huge number as most rich people don't actually pull in that much income per year but instead just let their investments generate interest. This means that at bare minimum, the dude was able to not pay around $1 billion in taxes over 20 years. A billion.
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Oct 2, 2016 02:30
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Chelb posted:holy moley yeah they're not even publicly traded so this holds even less water than usual
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Oct 2, 2016 02:30
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I'm going to be happy watching Trump likely getting tossed under the bus because if he loses, he has a lot of loving litigation coming after him. He's going to make Romney's fall look tame. Lawsuits from not paying people, lawsuits into his holdings, tax investigations, Trump University, loving Trading with Cuba. For a stint that was supposed to make him a lot of money, Trump has basically put himself into a position where people are not only looking at the shady poo poo he's done, but have many ways to crucify him over it. His fall if he loses is going to YUUUUGE.
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Oct 2, 2016 02:31
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It's the gift that keeps on giving.
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Oct 2, 2016 02:33
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axeil posted:If I'm reading it right, it's not just $50 million in income but $50 million in taxable income. That's an absolutely huge number as most rich people don't actually pull in that much income per year but instead just let their investments generate interest. Meanwhile, he lobbied for and received hundreds of millions in taxpayer money for his projects in and around New York City
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Oct 2, 2016 02:33
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Epic High Five posted:also if you think that's troubling, read the piece washpo did on Dylan Roof's world These are very well-written and the last one honestly made me think of a sort of modern version of The Grapes of Wrath, which might have been the point. The first one...kinda creeps me out a bit. 
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Oct 2, 2016 02:33
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Crabtree posted:I'm going to be happy watching Trump likely getting tossed under the bus because if he loses, he has a lot of loving litigation coming after him. He's going to make Romney's fall look tame. Lawsuits from not paying people, lawsuits into his holdings, tax investigations, Trump University, loving Trading with Cuba. For a stint that was supposed to make him a lot of money, Trump has basically put himself into a position where people are not only looking at the shady poo poo he's done, but have many ways to crucify him over it. His fall if he loses is going to YUUUUGE. The thing is, he's previously relied on the fact that he never actually pissed off *powerful* people before. He poo poo on small contractors and people without legions of lawyers. Now he's made a lot of very rich, very powerful people mad as hell and will make them madder still if (when) he goes down...
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Oct 2, 2016 02:34
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Chelb posted:holy moley quote:Trump knows the tax code better than anyone who has ever run for president. honestly, I believe that.
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Oct 2, 2016 02:34
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"Trump's Old Accountant posted:“Mr. Mitnick, though, said there were times when even he, for all his years helping wealthy New Yorkers navigate the tax code, found it difficult to face the incongruity of his work for Mr. Trump. He felt keenly aware of the fact that Mr. Trump was living a life of unimaginable luxury thanks in part to Mr. Mitnick’s ability to relieve him of the burden of paying taxes like everyone else. He's a better man than I, for being able to get up every morning and look at himself in the mirror-especially during this election. I hope he's figured out how to give back in a way that allows him to feel redemption.
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Oct 2, 2016 02:35
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emdash posted:http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&_r=0 hello (Man, talk about bad timing. This is the poo poo I have to go up against. loljk) We've been throwing around who should get a Pulitzer lately but I think this really is a strong candidate.
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Oct 2, 2016 02:37
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God I can't wait the 8 days for the second debate, I need it NOW. NOW.
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Oct 2, 2016 02:37
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PostNouveau posted:I think the 18 years is more based on the IRS rule of you can wipe out gains from 3 years before or 15 years into the future. Oh yeah, I'm not defending all aspects of the rule or saying there shouldn't be limits.
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Oct 2, 2016 02:37
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Like, even if this isn't a big deal in the end, it still buries the Hillary recording
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Oct 2, 2016 02:38
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Crain posted:(Man, talk about bad timing. This is the poo poo I have to go up against. loljk) I feel so sorry for Sopan, he has done so much amazing work, but he is gonna get crushed under this and the Trump foundation poo poo
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Oct 2, 2016 02:38
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Chelb posted:holy moley Are they really going to go with the hackers fallback reason for hacking? "I was only cheating the system to show you its flaws. If anything you should thank me since it could have been someone else, someone bad!"
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Oct 2, 2016 02:39
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Now Kasich, now is the time to kneecap the fucker and declare yourself the savior of the Republican party,
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Oct 2, 2016 02:39
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https://twitter.com/BecketAdams/status/782393839986368512 he also said this at the current rally: "I don't even think she's loyal to Bill, if you want to know the truth. And really folks, why should she be, right?"
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Oct 2, 2016 02:39
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PostNouveau posted:I think the 18 years is more based on the IRS rule of you can wipe out gains from 3 years before or 15 years into the future. So is this the specific reason he's been audited consistently for the last ~15 years? He always brings that up as if he's being unfairly targeted, but no, he actually made a deal with them over his lost billion dollars?
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Oct 2, 2016 02:40
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https://twitter.com/finneganLAT/status/782389806743552000
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Oct 2, 2016 02:40
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emdash posted:http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&_r=0 hello yes... YES!
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Oct 2, 2016 02:41
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He's doing it. He's really doing it.
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Oct 2, 2016 02:41
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Shimrra Jamaane posted:He's doing it. He's really doing it. https://twitter.com/BecketAdams/status/782393839986368512
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Oct 2, 2016 02:42
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Shimrra Jamaane posted:God I can't wait the 8 days for the second debate, I need it NOW. NOW. This release attacks him on all his most sensitive areas. There is absolutely no way he isn't flipping his poo poo right now and trying to desperately trying to get his phone to refute everything only to dig himself into a much deeper hole. maybe at 3:00 he will wrestle it back for more gold. I eagerly wait...
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Oct 2, 2016 02:42
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