So lost over 2 billion in failed business ventures? And this was the business man America needed to make it great again?
How much did America’s debt level grow under Trump?
How much did America’s debt level grow under Trump?
General Trumps taxes
- Thread starter Toelocku
- Start date
Members of Congress are required to make financial disclosures each year. You can read them here:
Office of the Clerk, U.S. House of Representatives
disclosures-clerk.house.gov
As for the IRS, what's political about them? Do you think the wealthy would pay more or less with just sales and property tax?
They've even admitted in the past to being politicized....
History has this weird thing where it tends to repeat itself, which is partly why I believe we are all in a simulation.
History also has a lot of discontinuity. If we're in a simulation, we could never be sure because of our bias to pattern recognition.
UNLESS, they fucked up the programming, which happens often.
Financial disclosure is not the same as an audit. It's like asking someone what they're in to, compared to actually looking at their browser history.
I don't think the solution is to make The Wealthy pay more taxes, I think the issue is crony capitalism/corporate socialism (depending on whether you want to insult Lenin or Uncle Milty). Collecting more taxes is just conceding more power to the corrupt institutions at the root of the problem.
The IRS isn't really R/D political, they're the financial attack wing of The Party With Two Names
Financial disclosure is pretty similar to an audit if you're a career politician. You have to list all sources of income, as well as any gains from stocks or other investments. What would you want from a tax return that isn't on a congressional disclosure form?
T
The Big Guy
Guest
Imagine paying more than is required for anything. If that's what his accountant came up with and it's not fraudulent then what's the problem?
Has anyone ever sent the IRS more money than needed? I think amazon paid 0 taxes also and I dont remember seeing jeff Bezos offer up anything extra
Has anyone ever sent the IRS more money than needed? I think amazon paid 0 taxes also and I dont remember seeing jeff Bezos offer up anything extra
People who complain about how much others pay in taxes NEVER pay the IRS more than they have to. There's actually a line on tax returns that does allow you to pay more money.
a tax return is a disclosure form, you're telling them what you think they already know.
an audit opens books and follows money trails from source to destination.
it doesn't just look at where you started and where you ended, it looks at what you did with the in-between.
how would someone paying what they consider more than their fair share fix the feeling that someone else isn't paying their fair share?
They could stop using deductions, standard or otherwise. They need to put their money where their mouth is. If you aren't willing to pay more taxes than you currently owe than why should you expect others to?
No one has issue with the half million he paid to Ivanka for consulting fees which she conveniently failed to report?
that's what an audit is doing - determining if you actually paid what you were required to...or if you paid too much or not enough.
some IRS audits end in refund checks.
that's the issue, brother.
it's not about being smarter than the system, it's about being less ethical than everyone else in the system.
deductions are legal, misrepresenting your eligibility for deductions is not.
so someone SHOULD take all deductions for which they are eligible, but what we're talking about with the Trump family is taking a shit-ton of deductions for which they were not eligible.
T
The Big Guy
Guest
60 fortune 500 companies paid no taxes in 2018
"Earlier this year, ITEP reported Netflix and Amazon paid no federal taxes. Other companies on this list include Chevron, Delta Airlines, Eli Lilly, General Motors, Gannett, Goodyear Tire and Rubber, Halliburton, IBM, Jetblue Airways, Principal Financial, Salesforce.com, US Steel, and Whirlpool. The complete list is at https://itep.org/notadime."
"Earlier this year, ITEP reported Netflix and Amazon paid no federal taxes. Other companies on this list include Chevron, Delta Airlines, Eli Lilly, General Motors, Gannett, Goodyear Tire and Rubber, Halliburton, IBM, Jetblue Airways, Principal Financial, Salesforce.com, US Steel, and Whirlpool. The complete list is at https://itep.org/notadime."
so if more than one person/entity does it, it makes it less bad?
I think the audit started before he became POTUS, but someone can correct me on that.
but regardless of the motivations behind it and the pervasiveness of it, if Pres Trump fraudulently filed taxes, shouldn't he be held accountable?
i mean, shouldn't he be held MOST accountable, considering he's the head of enforcing the Law?
i mean, shouldn't he be held MOST accountable, considering he's the head of enforcing the Law?
T
The Big Guy
Guest
It's legal. I dont know what more you want from me.
it's only legal if the audit says it was legal.
i'd like you to acknowledge that there's a possibility that Pres Trump broke the law in his tax filings.