Trump's tax returns

[Leftus]

No wonder the IRS takeover was more important than anything else to Trump after the inauguration.

What takeover? I don't remember any major staffing changes, except what normally happens during any administration change.

And the audits date back before he was president. And continue to this day, apparently. No claims of meddling. But, IMHO, they should have closed it, issued the Notice of Deficiency, and let it go to tax court. Never worked in examinations, I could be wrong.

 

[Skeptic Ginger]

Okay we need to address this.

... "Oh I'm not talking about this core group of supporters. Of course their opinions won't be changed. No I'm talking about..."

... 538 and 270 and Reuters and AP and NBC and ABC and all those organizations that are showing these same trends of just literally nothing affecting Trump's "40% +/- the margin of error of the poll" level of support which has stayed exactly the same since the moron got the nomination aren't somehow magically going around asking people who are already sure about how they think of Trump to the point that nothing can change their mind and no one else....

There are swing voters. There are undecided voters. There are fence sitters. What there is not is a magical tipping point demographic of people having their opinions changed about Trump who all just up and decided to never talk to pollsters but who are magically going to decide to show up at the polls in about a month.
2016 was a game of inches in the margins of a few counties. 2020 will be the same. There will be no "wave."

First, see the highlighted, you answered your own question about who "they" is.

As for that 40%, and a game of inches, do you think the 'approve—disapprove' polls mean we're good, Trump is going to lose 60:40?

40% approve but another 10% are going to vote for him anyway and the tax returns won't change their mind?

How do you figure there is no middle when you yourself say there are fence sitters?

And if it's a game of inches, how would this not matter?

Trump has been ripping taxpayers off. That is going to be emphasized in the next 4 weeks despite the fact some here seem to be glossing over that aspect of the tax report.

 

[Skeptic Ginger]

Hope that Democrats resist the urge to jeer Trump for being broke. The real story is that he's a tax cheat.

Mocking someone for being broke not exactly a crowd pleaser, especially in the current economy.

The real story is the corruption, tax cheating and ripping taxpayers off well beyond his golf outings.

 

[Craig4]

Of course you don't because your idea of "something happening" only accepts "Uprising"

You don't want change. You want revolution. It's why you reject anyone who wants to fix the system as not pure enough.

You don't care Biden isn't "progressive" enough*. You care that he isn't combative enough. You want him to stand there and waste time reminding all us that "The system was broken the entire time and if you support me you'll be able to tell everyone I toldyaso."

You are far more interested in being proven right about how much things always sucked then you are in making anything better.

*https://www.cnn.com/2020/09/21/opin...t-his-platform-is-progressive-chen/index.html

Deleted.

 

[Craig4]

First, see the highlighted, you answered your own question about who "they" is.

As for that 40%, and a game of inches, do you think the 'approve—disapprove' polls mean we're good, Trump is going to lose 60:40?

40% approve but another 10% are going to vote for him anyway and the tax returns won't change their mind?

How do you figure there is no middle when you yourself say there are fence sitters?

And if it's a game of inches, how would this not matter?

Trump has been ripping taxpayers off. That is going to be emphasized in the next 4 weeks despite the fact some here seem to be glossing over that aspect of the tax report.

This is an important point. Remember, as recently as two months ago, Biden was polling seven percent ahead in Florida. This seems to me to be a clear indication that there's room for movement and this could do that. There are still the Obama-let's try a businessperson Trump voter out that who has demonstrated the willingness to move between extremes. It's not all about his base.

 

[Skeptic Ginger]

Regarding that "consultant" payment to Ivanka: What did she do with the money? Is it reported on her taxes? My guess is she passed it on to some other "consultant". It's money laundering.

Good point.

A quick look shows she hid it in a consulting company meaning she could pretend her actual income was less.

Ivanka Trump’s public disclosure forms – which she filed when joining the White House staff in 2017 – show that she had received an identical amount through a consulting company she co-owned.”

 

[Foster Zygote]

I think there is one immediate and very critical result that will come from the release of the tax returns:

no major law firm will represent him without cash up front.

Cue Lionel Hutz, attorney at law.

 

[alfaniner]

$750 was for one year of taxes and $70k was for several years of coiffing.

Scaramucci just said that everyone knows he dressses his own hair because he's embarrassed about the comb-over. Although I doubt he cuts it himself.

 

[Bob001]

What takeover? I don't remember any major staffing changes, except what normally happens during any administration change.
....

But that's enough. If Trump's guys are at the top, that's all he needs. His IRS chief makes money renting out a couple Trump properties. And IRS staffing has been cut drastically in recent years.

IRS Commissioner Charles Rettig has earned at least $100,000 per year renting out properties at a Trump-branded resort in Hawaii, according to his financial disclosure.

https://www.salon.com/2020/09/02/tr...trump-property-while-in-office-new-documents/

Budget cuts have hollowed out the IRS’s enforcement abilities, leaving tens of billions of dollars in money that’s owed to Uncle Sam and could have been collected, had Capitol Hill ponied up, the Congressional Budget Office said Wednesday.

https://www.washingtontimes.com/news/2020/jul/8/tax-audits-plummet-amid-irs-budget-cuts/

 

[Leftus]

This should make it possible for Dems to have the IRS leadship investigated.

Two decades takes us back through 3 different administrations and 10 IRS Commissioners, and 11 Secretaries of the Treasury, you really think it would be wise, or productive? That any corruption would last through multiple administrations?

 

[Ziggurat]

750 bucks? Jesus Christ some upper middle class people pay that to have their taxes done!

Murdering people is hypothetical. But taxes...almost everybody else in America pays taxes, and a very large percentage of his own voting base pays more than $750 a year.

$750? I pay more than ten times that much every year. I guess I'm just a sucker and a loser.

In 2017 when Trump paid $750 in taxes JoeBiden paid $3.7 million.

Every single one of you is wrong, and none of you bothered to check.

Where does that $750 figure come from? Early on, the linked story says,

In 2017, the president’s $750 contribution to the operations of the U.S. government was dwarfed by the $15,598 he or his companies paid in Panama, the $145,400 in India and the $156,824 in the Philippines.
​

Significantly later, though, that same story says,

Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017.​

So no, Trump didn't pay $750 in taxes in 2017. He paid $4.2 million.

 

[Leftus]

But that's enough. If Trump's guys are at the top, that's all he needs. His IRS chief makes money renting out a couple Trump properties. And IRS staffing has been cut drastically in recent years.

I'm acutely aware of the staffing issue, as I work there. Most of those cuts came during the Obama administration, as well as the change of focus between taxpayer services and collections. The IRS, recently, as in the current administration, has been hiring. Not as much as we need, but it's getting better.

Do you think Rettig is sending out emails to the auditors running the examinations? Or that the auditors have no recourse but to follow such instructions?

 

[JoeMorgue]

Every single one of you is wrong, and none of you bothered to check.

Where does that $750 figure come from? Early on, the linked story says,

In 2017, the president’s $750 contribution to the operations of the U.S. government was dwarfed by the $15,598 he or his companies paid in Panama, the $145,400 in India and the $156,824 in the Philippines.
​

Significantly later, though, that same story says,

Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — $1 million for 2016 and $4.2 million for 2017.​

So no, Trump didn't pay $750 in taxes in 2017. He paid $4.2 million.

What is it like to be that selectively honest?

Literally in the SENTENCE RIGHT AFTER THE ONE YOU POSTED it says

"But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years."

What did you think was gonna happen? None of use would check? Do you think we would just take that kind of lie on nothing but your word?

And nice of you to finally join the discussion of your God-king's latest sin when you think you've found something to nitpick.

 

[Giordano]

What can be asserted without evidence can also be dismissed without evidence.

Newspapers have a long history of assuring anonymity to certain sources for obvious reasons. You may remember The NY Times and Deep Throat. All the acquisitions later proved completely accurate.

Of course Trump could discredit the N.Y. Times totally by releasing his taxes at any time. Which despite lying otherwise he can legally do despite being under audit.

 

[Skeptic Ginger]

Some say Trump being broke is the best wedge issue. Others, that he cheated.

I lean to the former, if the plan is to sow doubt in the MAGAhats. That Donnie cheats is a plus in their estimation; he's a rebel outside the system, doing what they'd like to do.

To stress that he's not the creature Mark Burnett built up, not the consummate winner in business that he pathologically pretends to be, well that could shake their faith in him as the man to "run the country like a business."

But word has first got to filter through the self-imposed media bubble around the cultists.

And I say the key issue is he's cheating the taxpayers and his corruption is over the top.

 

[Suddenly]

Some say Trump being broke is the best wedge issue. Others, that he cheated.

I lean to the former, if the plan is to sow doubt in the MAGAhats. That Donnie cheats is a plus in their estimation; he's a rebel outside the system, doing what they'd like to do.

That he's a fraud. His entire life is a lie. Not sure "broke" doesn't backfire.

Maybe also planting the idea in the right place that he is in reality a plant to frustrate Q on behalf of the child sex trafficking cabal. He does this to get out of debt.

 

[BobTheCoward]

Newspapers have a long history of assuring anonymity to certain sources for obvious reasons. You may remember The NY Times and Deep Throat. All the acquisitions later proved completely accurate.

Of course Trump could discredit the N.Y. Times totally by releasing his taxes at any time. Which despite lying otherwise he can legally do despite being under audit.

None of that matters. No evidence means rejection.

 

[Bob001]

.....
So no, Trump didn't pay $750 in taxes in 2017. He paid $4.2 million.

Neither Trump himself nor his reps have offered that explanation. But he could clear up all questions by releasing his tax returns for the last 25 years or so. But he hasn't. Gee, I wonder why?

 

[Bob001]

I'm acutely aware of the staffing issue, as I work there. Most of those cuts came during the Obama administration, as well as the change of focus between taxpayer services and collections. The IRS, recently, as in the current administration, has been hiring. Not as much as we need, but it's getting better.

Do you think Rettig is sending out emails to the auditors running the examinations? Or that the auditors have no recourse but to follow such instructions?

I'm sure the boss is not providing a paper trail. But in large organizations, the rank-and-file senses what is expected to avoid trouble. The auditors are already overworked. Why should they stick their necks out to go after Trump when there are easier targets? Surely efficient, aggressive auditors could have closed this case years ago if they wanted to.

And staffing reductions are largely the result of Republican cuts in the IRS budget. It's not like Obama ever said "let's collect less taxes."

 

[Skeptic Ginger]

...

And the audits date back before he was president. And continue to this day, apparently. No claims of meddling. But, IMHO, they should have closed it, issued the Notice of Deficiency, and let it go to tax court. Never worked in examinations, I could be wrong.

I think it's one audit. Trump makes it seem like they are currently auditing him but from those tax records he's fighting over one year's taxes.