More Fake News About Trump?
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- Clutch Cargo
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- newkidontheblock
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Re: More Fake News About Trump?
It’s the tax code. Written and passed by Congress and approved by the President.
Dodgy is always in the eyes of the beholder.
Simple example.
The US wants to push green technology. Offers huge tax credits and breaks for companies to buy this stuff. Corporations invest in green technology and subsequently pay zero tax or get a refund. Yet the same companies are called dodgy and worse for following the law.
The dodgy part is those that write the code. And those that educate the public on the tax code.
But by all means continue with the sound bites.
It’s my opinion that as the public becomes less and less educated, the more emotion and sound bites will resonate.
Dodgy is always in the eyes of the beholder.
Simple example.
The US wants to push green technology. Offers huge tax credits and breaks for companies to buy this stuff. Corporations invest in green technology and subsequently pay zero tax or get a refund. Yet the same companies are called dodgy and worse for following the law.
The dodgy part is those that write the code. And those that educate the public on the tax code.
But by all means continue with the sound bites.
It’s my opinion that as the public becomes less and less educated, the more emotion and sound bites will resonate.
- John Bingham
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Re: More Fake News About Trump?
newkidontheblock wrote: ↑Mon Sep 28, 2020 10:34 pm It’s the tax code. Written and passed by Congress and approved by the President.
Dodgy is always in the eyes of the beholder.
Simple example.
The US wants to push green technology. Offers huge tax credits and breaks for companies to buy this stuff. Corporations invest in green technology and subsequently pay zero tax or get a refund. Yet the same companies are called dodgy and worse for following the law.
The dodgy part is those that write the code. And those that educate the public on the tax code.
But by all means continue with the sound bites.
It’s my opinion that as the public becomes less and less educated, the more emotion and sound bites will resonate.
None of that makes any sense. Get off those darknet drugs man.
$750
Federal tax Trump paid in 2016, when he won the presidency.
$750
Federal tax Trump paid the following year.
Zero
Federal tax paid by Trump in 10 of the previous 15 years, including 2014 and 2015.
$100,000 a year
By comparison, the kind of figure regularly paid in federal taxes by Trump’s predecessors, Barack Obama and George W Bush
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$70,000
Paid to style Trump’s hair for television, claimed as expenses.
$95,464
The total sum nine of Trump’s companies have paid as expenses to style Ivanka Trump’s hair.
$210,000
The amount written off as expenses to hire a photographer taking photographs at the Mar-a-Lago club.
$26m
“Consulting fees” charged as a business expense between 2010 and 2018, at least some of which appears to have been directed to a company co-owned by Ivanka Trump.
$434m
What Trump declared his earnings to be in the 2018 presidential public annual financial disclosure.
$47.4m in losses
What he had declared to the Internal Revenue Service (IRS) for tax purposes over the same period.
$421m
Outstanding loans that Trump owes, most of which becomes due within the next four years.
$73m
Revenue generated from outside the US, presenting a potential conflict of interest with US foreign policy.
$13m
Earned in one licensing deal for Trump Towers in Istanbul, including $1m since he became president.
$72.9m
The tax refund Trump claimed and was awarded, which is now the subject of a decade-long audit battle with the IRS. It covered all the federal tax he had paid between 2005 and 2008.
$1.4m
The annual average amount of federal tax paid by Trump between 2000 and 2017. It compares with the $25m in federal income taxes the average American with similar declared earnings could expect to pay.
$100m
The amount Trump could now have to pay back to the IRS, including penalties, if it finds against him in the audit.
$315m
The sum reported “lost” by Trump’s golf courses since 2000.
‘Tens of millions of dollars’
What Alan Garten, a lawyer for the Trump Organization, claims the president has paid in personal taxes since 2015.
More than 500
The number of individual companies, many bearing the Trump name, that make up the nebulous corporate network generally referred to as the Trump Organization.
Spoiler:
Silence, exile, and cunning.
- TheImplication
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Re: More Fake News About Trump?
Not to mention Obama donated his entire presidential salary each year as well, oh wait, that was Trump.
- John Bingham
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Re: More Fake News About Trump?
His salary is a pittance compared to the amount he owes in taxes. Trump is a billionaire who doesn’t pay his taxes, leaving the financial responsibility for funding the government to ordinary working people. It’s a national disgrace.TheImplication wrote: ↑Tue Sep 29, 2020 7:54 am Not to mention Obama donated his entire presidential salary each year as well, oh wait, that was Trump.
Silence, exile, and cunning.
- phuketrichard
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Re: More Fake News About Trump?
personally, i could care less that he doesn't pay tax's, he has tons of lawyers that know how to work the system
BUT for the average joe.
I am more worried about the 421 million he owes in loans>
to whom?
They are due to be paid in the next 4 years>
BUT for the average joe.
I am more worried about the 421 million he owes in loans>
to whom?
They are due to be paid in the next 4 years>
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
Re: More Fake News About Trump?
You shouldn't pay taxes. There is no point anymore. In fact, Congress should simply do away with them entirely. Taxes currently pay for less than 40% of the budget anyway. The rest is covered by the Fed. Just let the Fed spin the printing press a little harder. So it pulls the collapse of the USD a little closer...who cares. It is going to be awful when it comes in any case, and it would be better to get it over quicker. No point in procrastinating.phuketrichard wrote: ↑Tue Sep 29, 2020 8:44 am personally, i could care less that he doesn't pay tax's, he has tons of lawyers that know how to work the system
BUT for the average joe.
- TheImplication
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Re: More Fake News About Trump?
You understand how taxes work right? Just because he managed to zero out his taxes doesn’t mean he didn’t contribute more than someone who paid $100k or more. The amount of jobs and cash he infused into the economy through his businesses and properties is more than his fair share as an individual. If I put a trillion dollars into the economy and then take tax breaks and losses to lessen the tax burden, you would rather that trillion never be injected into the economy if I don’t pay some mythical amount you deem acceptable compared to someone who just works a W2? For those that are actually financially savvy, you’re argument doesn’t make much sense. It’s easier I guess to just say, “Drumpf pays $750 in taxes each year, I seen it on CNN, OMG!!!!”.John Bingham wrote: ↑Tue Sep 29, 2020 8:32 amHis salary is a pittance compared to the amount he owes in taxes. Trump is a billionaire who doesn’t pay his taxes, leaving the financial responsibility for funding the government to ordinary working people. It’s a national disgrace.TheImplication wrote: ↑Tue Sep 29, 2020 7:54 am Not to mention Obama donated his entire presidential salary each year as well, oh wait, that was Trump.
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