Another Trump managed hotel goes bankrupt this week.

[nickqt]

As long as he isn't doing anything illegal and is taking advantage of the deductions allowed why should anyone have a problem with it.

We should do away with all of the loopholes that are legally allowed. Oh nevermind I know why that will not happen. Because the politicians use those same loop holes.

You're amazingly dense.

The "loopholes" aren't inadvertent. They are written in to allow the rich and powerful to use them.

So here you are, cheering on Trump for using "loopholes" while arguing that we should do away with loopholes.

Protip: if you can get over the fact that you've been lied to and bought into the lies for your entire political life, and really critically think about objective, observable reality, you'll be less likely to contradict yourself from one sentence to the next.

Good luck. I'm rooting for you!

 

[pcgeek11]

You're amazingly dense.

The "loopholes" aren't inadvertent. They are written in to allow the rich and powerful to use them.

So here you are, cheering on Trump for using "loopholes" while arguing that we should do away with loopholes.

Protip: if you can get over the fact that you've been lied to and bought into the lies for your entire political life, and really critically think about objective, observable reality, you'll be less likely to contradict yourself from one sentence to the next.

Good luck. I'm rooting for you!

Hey dumbshit. I know what a loophole is. Some are inadvertent and some are not.

It is not illegal to use them. And as long as they are LEGAL you have no justifiable way to blame someone for using them. That is what I said.

I also interjected this part which you seem to be too dense to understand:

I personally feel we should close these loopholes and level the field. But as long as they are legal to use and no laws are being broken it is nothing to complain about. MAybe we should complain about the Government not fixing the Tax Laws, but not someone using the tax laws for their own benefit. I would use them too.

 

[Sunburn74]

Hey dumbshit. I know what a loophole is. Some are inadvertent and some are not.
It is not illegal to use them. And as long as they are LEGAL you have no justifiable way to blame someone for using them. That is what I said.
I personally feel we should close these loopholes and level the field. But as long as they are legal to use and no laws are being broken it is nothing to complain about. MAybe we should complain about the Government not fixing the Tax Laws, but not someone using the tax laws for their own benefit. I would use them too.

Trump never released his tax returns. He never told us he was using these loopholes throughout the entire campaign. In fact, he purposefully hid it from the public. If that story had not come out, had he become president, do you think he'd be talking about closing those loop holes? I was born at night but not last night. Don't forget this is the guy who's calling for even MORE tax cuts for the rich. The guy using loopholes to avoid federal taxes for 20 years is calling for even MORE tax cuts. Talk about the very definition of hypocrisy! He has not contributed a dime to schools, universities, hospitals, roads, etc in 20 years but all of a sudden he will be the saving grace to all these institutions because he cares so ardently. Give me a break.

Lots of things are borderline legal but still very very bad practices to be engaged in.

 

[1sikbITCH]

what difference does it make?

He shit on 50 years of Presidential history for one thing. Felt like a slap in the face to Americans. This tradition is in place to measure the candidate's character and to ensure they are not a tax cheat. Refusing to submit is tacit admission of guilt. It's just that his supporters don't care.

 

[OutHouse]

He shit on 50 years of Presidential history for one thing. Felt like a slap in the face to Americans. This tradition is in place to measure the candidate's character and to ensure they are not a tax cheat. Refusing to submit is tacit admission of guilt. It's just that his supporters don't care.

yawn, its a non issue.

funny how you care more about a stupid tax return but turn your back on the crimes Hildabeast has committed.

 

[OutHouse]

Trump never released his tax returns. He never told us he was using these loopholes throughout the entire campaign. In fact, he purposefully hid it from the public. If that story had not come out, had he become president, do you think he'd be talking about closing those loop holes? I was born at night but not last night. Don't forget this is the guy who's calling for even MORE tax cuts for the rich. The guy using loopholes to avoid federal taxes for 20 years is calling for even MORE tax cuts. Talk about the very definition of hypocrisy! He has not contributed a dime to schools, universities, hospitals, roads, etc in 20 years but all of a sudden he will be the saving grace to all these institutions because he cares so ardently. Give me a break.

Lots of things are borderline legal but still very very bad practices to be engaged in.

so he has not paid local taxes? that you know goes towards, roads and all the other drivel you spewed?

 

[jman19]

yawn, its a non issue.

funny how you care more about a stupid tax return but turn your back on the crimes Hildabeast has committed.

We need Hillary to be transparent, but not Trump? Interesting world view you have there.

 

[Brainonska511]

yawn, its a non issue.

funny how you care more about a stupid tax return but turn your back on the crimes Hildabeast has committed.

And what "crimes" are those?

 

[interchange]

Trump is a vendor here. Is there any evidence any of his business decisions or partnerships were related to the bankruptcy?

It's not entirely divorced from him because part of the deal is that his name and image are attached to the business venture -- essentially licensed. Allowing his celebrity to be used in this way was his risk, but since Trump & his supporters shrug off criticism by simple denial, it doesn't seem like such a horrible outcome.

 

[Sunburn74]

so he has not paid local taxes? that you know goes towards, roads and all the other drivel you spewed?

I don't know anymore than you do. I wouldn't be surprised though if he found a way out of those either.

 

[Puffnstuff]

I for one am happy that Donald is the face of the Republican party. He pulled the thin veil of sanity back and gave us all a peek inside. Now we know where to build the wall at.

 

[Fern]

You're amazingly dense.

The "loopholes" aren't inadvertent. They are written in to allow the rich and powerful to use them.

So here you are, cheering on Trump for using "loopholes" while arguing that we should do away with loopholes.

Protip: if you can get over the fact that you've been lied to and bought into the lies for your entire political life, and really critically think about objective, observable reality, you'll be less likely to contradict yourself from one sentence to the next.

Good luck. I'm rooting for you!

What "loopholes" are you referring to?

Fern

 

[Fern]

He shit on 50 years of Presidential history for one thing. Felt like a slap in the face to Americans. This tradition is in place to measure the candidate's character and to ensure they are not a tax cheat. Refusing to submit is tacit admission of guilt. It's just that his supporters don't care.

No, candidates' tax returns aren't released to see if they're "tax cheats". 99.99% of Americans are not capable of reviewing tax returns to determine cheating on taxes. Moreover, copies of the tax returns are insufficient for even tax professionals to make such a determination. This is why we have audits where much additional information not required on the tax returns themselves is sought. If the tax returns were themselves wholly sufficient there would be no need for the IRS to conduct audits and gather so much additional info.

The IRS and courts are the arbiters that determine who is a tax cheat. If you (or anyone else) are sincerely concerned about this the link below allows you to easily search all courts cases (from tax court all the way to the SCOTUS) to determine if Trump has ever been convicted as a "tax cheat".

http://www.legalbitstream.com/

Also, we like to review their returns to (1) make sure they are filing and complying with the law (again, as to the latter the IRS and courts make that determination) and, more importantly in IMO, (2) that they have not unethically profited from their office. #2 is, of course, irrelevant in Trump's case since he has never held public office.

Fern

 

[nickqt]

What "loopholes" are you referring to?

Fern

I was quoting someone else who calls certain tax regulations "loopholes" as if they weren't written the exact way they are written to allow the richest and most powerful people to jump through them, in order to pay less in taxes than the average working American.

They aren't really "loopholes", which was my point. The the tax code heavily favors the rich because it's written...by the rich.

Or, to put it another way, they aren't "loopholes" when they're written to provide a certain income bracket to escape taxation.

A Dr. Seuss Cartoon from the 1940s:

 

[sdifox]

You have to be a dum dum to fail in a market like Toronto.

 

[pcgeek11]

Trump never released his tax returns. He never told us he was using these loopholes throughout the entire campaign. In fact, he purposefully hid it from the public. If that story had not come out, had he become president, do you think he'd be talking about closing those loop holes? I was born at night but not last night. Don't forget this is the guy who's calling for even MORE tax cuts for the rich. The guy using loopholes to avoid federal taxes for 20 years is calling for even MORE tax cuts. Talk about the very definition of hypocrisy! He has not contributed a dime to schools, universities, hospitals, roads, etc in 20 years but all of a sudden he will be the saving grace to all these institutions because he cares so ardently. Give me a break.

Lots of things are borderline legal but still very very bad practices to be engaged in.

No you are wrong. They are completely legal.

Do you think Hillary and Bill aren't using the loopholes too?

 

[agent00f]

No, candidates' tax returns aren't released to see if they're "tax cheats". 99.99% of Americans are not capable of reviewing tax returns to determine cheating on taxes.

Hard to take seriously with logic like this.

No you are wrong. They are completely legal.

Do you think Hillary and Bill aren't using the loopholes too?

Someone who can't figure out how hypocrisy works really shouldn't think they're smart enough to figure out the rest of what's going on here.

 

[pcgeek11]

Hard to take seriously with logic like this.



Someone who can't figure out how hypocrisy works really shouldn't think they're smart enough to figure out the rest of what's going on here.

Then you should shutup then.

 

[agent00f]

Then you should shutup then.

It's a mystery where you get this notion that you're any good at figuring things out; certainly not from any teachers, nor any peers. Probably conservative media in a cheap transactional exchange for loyalty.

 

[Puffnstuff]

It's a mystery where you get this notion that you're any good at figuring things out; certainly not from any teachers, nor any peers. Probably conservative media in a cheap transactional exchange for loyalty.

My parents also suffer from the disease known as republicanitus where they have a tendency to parrot whatever one of their republitardian speakers has to say without investigating the facts surrounding the issue for themselves. When they do read up on things it has to come from some non-credible fringe media source who will spew the garbage they want to believe so they can feel better about their choices. I'll stick to free and critical thinking where facts rein supreme and fantasy fringe is disregarded.

 

[SMOGZINN]

No you are wrong. They are completely legal.

Do you think Hillary and Bill aren't using the loopholes too?

Of course they are, and we know that because they released their tax returns. Trump has not, so it creates the expectation that he is hiding something. Since Hillary and Bill used tax loopholes the same as he presumably did it means he is probably hiding something else that we don't know about. So, what is he hiding? We don't know because he won't release the forms, but we can deduce that it must be worse then just using loopholes.

 

[pcgeek11]

Of course they are, and we know that because they released their tax returns. Trump has not, so it creates the expectation that he is hiding something. Since Hillary and Bill used tax loopholes the same as he presumably did it means he is probably hiding something else that we don't know about. So, what is he hiding? We don't know because he won't release the forms, but we can deduce that it must be worse then just using loopholes.

He doesn't have to.
It is not a requirement. Except in your mind.
He is being audited by the IRS.
It is the IRS's job to determine if he is cheating, not yours.
Just releasing the Tax Documents without the supporting documentation you couldn't determine squat anyway.[/QUOTE]