(04-07-2019, 09:49 AM)TheO-LineMatters Wrote: [ -> ] (04-07-2019, 08:44 AM)StroudCrowd1 Wrote: [ -> ]Yet we are all obsessed with obtaining Trumps Tax returns, and not politicians worth 10+ million dollars who have earned salaries under 200K their entire lives.
Isn't that the pot calling the kettle black. For someone who preaches capitalism and the freedom to make as much money as possible, when someone other than a Republican does it, you are the first one to throw stones. You act like you have never heard of investing or playing the stock market. There are many ways that someone who makes $200k per year could be worth $10 million, especially when that guy is 77 years old. Remember a certain redhead who is now a billionaire who claims he made it all thanks to a modest $1 million dollar loan from his father? You believe he could do that, yet Sanders couldn't turn $200K a year into $10 million? Unbelievable!
Of course there are. You create foundations, get people to donate to them, and grant political favors for doing so.
As far as Trump's tax returns, again, people continue to underestimate him. Do you think he would be dumb enough to run for POTUS if there were any discrepancies in his returns, knowing every president prior to him has shown their tax returns? He is trolling the MSM and those with TDS and when they are released in 2022, people will refuse to accept the validity of them and accuse the IRS of covering for him like they have accused Bill Barr of covering for him. There is no winning with you people, so why supply the bait?
![[Image: 6a00d8345157c669e201b8d169231a970c-600wi]](https://dontmesswithtaxes.typepad.com/.a/6a00d8345157c669e201b8d169231a970c-600wi)
(04-07-2019, 10:30 AM)StroudCrowd1 Wrote: [ -> ] (04-07-2019, 09:49 AM)TheO-LineMatters Wrote: [ -> ]Isn't that the pot calling the kettle black. For someone who preaches capitalism and the freedom to make as much money as possible, when someone other than a Republican does it, you are the first one to throw stones. You act like you have never heard of investing or playing the stock market. There are many ways that someone who makes $200k per year could be worth $10 million, especially when that guy is 77 years old. Remember a certain redhead who is now a billionaire who claims he made it all thanks to a modest $1 million dollar loan from his father? You believe he could do that, yet Sanders couldn't turn $200K a year into $10 million? Unbelievable!
Of course there are. You create foundations, get people to donate to them, and grant political favors for doing so.
As far as Trump's tax returns, again, people continue to underestimate him. Do you think he would be dumb enough to run for POTUS if there were any discrepancies in his returns, knowing every president prior to him has shown their tax returns? He is trolling the MSM and those with TDS and when they are released in 2022, people will refuse to accept the validity of them and accuse the IRS of covering for him like they have accused Bill Barr of covering for him. There is no winning with you people, so why supply the bait?
Yes, I do. He's not a smart man. He is a narcissist who believes he can get away with things that others cannot. He's delusional.
(04-07-2019, 10:14 AM)flsprtsgod Wrote: [ -> ] (04-07-2019, 09:49 AM)TheO-LineMatters Wrote: [ -> ]Isn't that the pot calling the kettle black. For someone who preaches capitalism and the freedom to make as much money as possible, when someone other than a Republican does it, you are the first one to throw stones. You act like you have never heard of investing or playing the stock market. There are many ways that someone who makes $200k per year could be worth $10 million, especially when that guy is 77 years old. Remember a certain redhead who is now a billionaire who claims he made it all thanks to a modest $1 million dollar loan from his father? You believe he could do that, yet Sanders couldn't turn $200K a year into $10 million? Unbelievable!
One spent his life in Real Estate, the other in politics. One preaches the evils of Capitalism while the other works to empower it. One is under constant scrutiny to release his Returns while the one criticizing him gets a free pass. Both have atrocious hair, so I guess you were kind of right about something in all that wrong.
That doesn't really answer the question though. What is more believable, a 77 year old man turning $200K a year into $10 million or a man turning a $1 million loan into $10 billion?
(04-07-2019, 10:43 AM)TheO-LineMatters Wrote: [ -> ] (04-07-2019, 10:30 AM)StroudCrowd1 Wrote: [ -> ]Of course there are. You create foundations, get people to donate to them, and grant political favors for doing so.
As far as Trump's tax returns, again, people continue to underestimate him. Do you think he would be dumb enough to run for POTUS if there were any discrepancies in his returns, knowing every president prior to him has shown their tax returns? He is trolling the MSM and those with TDS and when they are released in 2022, people will refuse to accept the validity of them and accuse the IRS of covering for him like they have accused Bill Barr of covering for him. There is no winning with you people, so why supply the bait?
Yes, I do. He's not a smart man. He is a narcissist who believes he can get away with things that others cannot. He's delusional.
What law dictates he must release his individual returns? There is nothing. What is anyone that is screaming for his individual returns going to gain? The answer again is nothing. It's all just an attempt at undermining and attempting to perhaps embarrass him. Every time I see someone still clamering for his personal tax return I'm reminded at how ignorant some folks are to the process and what information is/is not available on those returns. I'm also reminded that people appear completely unaware that the President and Vice President are the only U.S. citizens to have their individual tax returns automatically audited by the IRS each year they hold the position. It's been apart of the tax code since Watergate. You can review IRM 3.28.3.2, 4.2.1.11, and 4.8.4.2 at a minimum.
If (BIG IF) a court rules that the IRS must give Congress the six years requested, then it is only fair that there also be a request for the returns of each President since watergate to include each of the years they were in the position. If we went down this legal path, It could be argued that if they are still receiving government pay for the position (pension) then they should be subject to continued audits. No President or candidate has ever released six years worth with exception to Bob Dole (30 years) and Gerald Ford (no release).
I would certainly be more curious as to how one nearly always becomes a multimillionaire in public service than question the IRS's ability to audit a sitting President/billionaire businessman's individual tax returns. If House Dems truly wanted oversight they would be making contact with the IRS Commissioner and Inspector General about their processes, not targeting an individual.
Why do we care about his tax returns again?
(04-07-2019, 03:41 PM)TJBender Wrote: [ -> ]Why do we care about his tax returns again?
When you admit you haven't paid your share of taxes, because you found a loophole, people are gonna wanna check it out to make sure you're not cheating. Especially when it's coming from a man who is known for telling one lie after another. He brought this on himself. If he hadn't bragged about getting around paying taxes, this probably wouldn't even be an issue in the grand scheme of things. God knows, he does plenty of other outlandish stuff to keep the media busy.
(04-07-2019, 04:20 PM)TheO-LineMatters Wrote: [ -> ] (04-07-2019, 03:41 PM)TJBender Wrote: [ -> ]Why do we care about his tax returns again?
When you admit you haven't paid your share of taxes, because you found a loophole, people are gonna wanna check it out to make sure you're not cheating. Especially when it's coming from a man who is known for telling one lie after another. He brought this on himself. If he hadn't bragged about getting around paying taxes, this probably wouldn't even be an issue in the grand scheme of things. God knows, he does plenty of other outlandish stuff to keep the media busy.
I'm more interested in why the House went from "Russia" to "taxes".
Leave Bernie alone!
He needs to be a multi-millionaire just to pay for the tune-ups on that Audi.
(04-07-2019, 04:20 PM)TheO-LineMatters Wrote: [ -> ] (04-07-2019, 03:41 PM)TJBender Wrote: [ -> ]Why do we care about his tax returns again?
When you admit you haven't paid your share of taxes, because you found a loophole, people are gonna wanna check it out to make sure you're not cheating. Especially when it's coming from a man who is known for telling one lie after another. He brought this on himself. If he hadn't bragged about getting around paying taxes, this probably wouldn't even be an issue in the grand scheme of things. God knows, he does plenty of other outlandish stuff to keep the media busy.
And you think Trump is the only guy who has used tax loopholes? You should probably redirect your anger at Jeff Bezos. He is single handedly hurting thos country 100x more than you think Trump is.
Loopholes aren't "cheating." They are legal and ethical.
Amazing those in life who take the anger, jealousy, and anguish of their lack of success, on others who are successful.
Again, one of the most asinine things I've seen regarding Trump are all the made up, fake, or just plain silly things to invent in order to amplify outrage and hate against him.
There's plenty not to like without having to resort to that.
The unfortunate side effect is, once he's been called all the names and been accused of all the crimes... none of them mean anything because they aren't justified. It ends up making those who incessantly attack with these things seem like angry, petty children and only serve to further divide us, including enticing and inflaming those equally as radical on the opposite side.
(04-07-2019, 08:52 PM)pirkster Wrote: [ -> ]Loopholes aren't "cheating." They are legal and ethical.
Amazing those in life who take the anger, jealousy, and anguish of their lack of success, on others who are successful.
Again, one of the most asinine things I've seen regarding Trump are all the made up, fake, or just plain silly things to invent in order to amplify outrage and hate against him.
There's plenty not to like without having to resort to that.
The unfortunate side effect is, once he's been called all the names and been accused of all the crimes... none of them mean anything because they aren't justified. It ends up making those who incessantly attack with these things seem like angry, petty children and only serve to further divide us, including enticing and inflaming those equally as radical on the opposite side.
I dunno. We would have to actually see the tax returns to know if he was using loopholes ethically or correctly or not.
Separately we should talk about closing those loopholes.
(04-07-2019, 07:25 PM)StroudCrowd1 Wrote: [ -> ] (04-07-2019, 04:20 PM)TheO-LineMatters Wrote: [ -> ]When you admit you haven't paid your share of taxes, because you found a loophole, people are gonna wanna check it out to make sure you're not cheating. Especially when it's coming from a man who is known for telling one lie after another. He brought this on himself. If he hadn't bragged about getting around paying taxes, this probably wouldn't even be an issue in the grand scheme of things. God knows, he does plenty of other outlandish stuff to keep the media busy.
And you think Trump is the only guy who has used tax loopholes? You should probably redirect your anger at Jeff Bezos. He is single handedly hurting thos country 100x more than you think Trump is.
Maybe if Jeff Bezos ever runs for office, we could discuss that then...
(04-07-2019, 07:25 PM)StroudCrowd1 Wrote: [ -> ] (04-07-2019, 04:20 PM)TheO-LineMatters Wrote: [ -> ]When you admit you haven't paid your share of taxes, because you found a loophole, people are gonna wanna check it out to make sure you're not cheating. Especially when it's coming from a man who is known for telling one lie after another. He brought this on himself. If he hadn't bragged about getting around paying taxes, this probably wouldn't even be an issue in the grand scheme of things. God knows, he does plenty of other outlandish stuff to keep the media busy.
And you think Trump is the only guy who has used tax loopholes? You should probably redirect your anger at Jeff Bezos. He is single handedly hurting thos country 100x more than you think Trump is.
I'm sure a lot of people have done it, but Trump is the only one dumb enough to brag about doing it. He shined the spotlight on himself.
(04-07-2019, 09:38 PM)mikesez Wrote: [ -> ] (04-07-2019, 08:52 PM)pirkster Wrote: [ -> ]Loopholes aren't "cheating." They are legal and ethical.
Amazing those in life who take the anger, jealousy, and anguish of their lack of success, on others who are successful.
Again, one of the most asinine things I've seen regarding Trump are all the made up, fake, or just plain silly things to invent in order to amplify outrage and hate against him.
There's plenty not to like without having to resort to that.
The unfortunate side effect is, once he's been called all the names and been accused of all the crimes... none of them mean anything because they aren't justified. It ends up making those who incessantly attack with these things seem like angry, petty children and only serve to further divide us, including enticing and inflaming those equally as radical on the opposite side.
I dunno. We would have to actually see the tax returns to know if he was using loopholes ethically or correctly or not.
Separately we should talk about closing those loopholes.
No you shouldn’t and neither should congress.
I agree. Like illegal immigrants filing taxes and claiming relatives on foreign soil.
(04-07-2019, 09:48 PM)TheO-LineMatters Wrote: [ -> ] (04-07-2019, 07:25 PM)StroudCrowd1 Wrote: [ -> ]And you think Trump is the only guy who has used tax loopholes? You should probably redirect your anger at Jeff Bezos. He is single handedly hurting thos country 100x more than you think Trump is.
I'm sure a lot of people have done it, but Trump is the only one dumb enough to brag about doing it. He shined the spotlight on himself.
May want to check that. Off the top of my head, the Clintons and Buffet have bragged about the “billionaire” loophole for some time. Hell, they all use Delaware for their shell corporations.
Again, loopholes and their use are not unethical or "incorrect."
I do agree, though that loopholes expose a potential flaw in how laws with so-called loopholes are drawn up. The issue is with the law itself. Though, again... jealous and/or envious people falsely assume opposite, that it is a people and not a law issue. Again, nothing unethical or unlawful at all.
One such loophole that quickly comes to mind is that of IRA conversion. The loophole should be fixed so that those saving for retirement should not have to convert IRAs to Roth. They should be allowed to do it without having to convert.
https://www.investors.com/etfs-and-funds...-loophole/
(04-07-2019, 10:04 PM)B2hibry Wrote: [ -> ] (04-07-2019, 09:48 PM)TheO-LineMatters Wrote: [ -> ]I'm sure a lot of people have done it, but Trump is the only one dumb enough to brag about doing it. He shined the spotlight on himself.
May want to check that. Off the top of my head, the Clintons and Buffet have bragged about the “billionaire” loophole for some time. Hell, they all use Delaware for their shell corporations.
Then all of them should be audited.
(04-07-2019, 11:48 PM)TheO-LineMatters Wrote: [ -> ] (04-07-2019, 10:04 PM)B2hibry Wrote: [ -> ]May want to check that. Off the top of my head, the Clintons and Buffet have bragged about the “billionaire” loophole for some time. Hell, they all use Delaware for their shell corporations.
Then all of them should be audited.
You say that like they aren't. You really think the IRS isnt all over those people all the time? It's why they hire accounting firms to represent them, they arent sending in an EZ like you.
(04-07-2019, 10:06 PM)pirkster Wrote: [ -> ]Again, loopholes and their use are not unethical or "incorrect."
I do agree, though that loopholes expose a potential flaw in how laws with so-called loopholes are drawn up. The issue is with the law itself. Though, again... jealous and/or envious people falsely assume opposite, that it is a people and not a law issue. Again, nothing unethical or unlawful at all.
One such loophole that quickly comes to mind is that of IRA conversion. The loophole should be fixed so that those saving for retirement should not have to convert IRAs to Roth. They should be allowed to do it without having to convert. https://www.investors.com/etfs-and-funds...-loophole/
If you set up a corporation that doesn't buy or sell any goods or services, and only ever buys and sells shares from you, to help disguise your income as capital gains, that may be legal but it's highly unethical. States give charter to corporations so they can be a tool to ease commerce, not reduce individual taxes.
If you claim to run a charity that doesn't do any actually charity work, or mainly engages in politics, that is also unethical.
(04-08-2019, 12:44 AM)flsprtsgod Wrote: [ -> ] (04-07-2019, 11:48 PM)TheO-LineMatters Wrote: [ -> ]Then all of them should be audited.
You say that like they aren't. You really think the IRS isnt all over those people all the time? It's why they hire accounting firms to represent them, they arent sending in an EZ like you.
Everybody knows that taxes are done by taking a picture of your W-2 and uploading it to TurboTax.
Half the morons calling for his tax returns believe tax returns show net worth.