2020 Field

cajunrevenge said:
Trump only appeared to make money from two things. From a share of 2 buildings he partially owns but managed by another real estate company and then 427 million from the Apprentice and all things related to that. Literally everything else he did he lost money on. You can say this doesnt matter but Trump desperately cares about being perceived as a successful buisnessman.


He owes 72 million in loans shortly after the election and then another 100 million each year the 3 years after that with no apparent ability to pay it back. This is truly all or nothing for him. I wonder if little thethe and the Trumpeteers will continue donating to him after he is gone.
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you forgetting daddy

but yeah...he is the dumbest and worst businessman out there...this has been known for some time
 
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You all remember Trumps mentor lawyer Roy Cohn. I did not know this but Cohn was Senator Joseph McCarthy's chief legal counsel during those hearings. He was apparently gay and died of aids while insisting it was actually liver cancer and the IRS took everything he owned upon his death to pay back taxes leaving only a pair of diamond cuff links given to him by the Don. According to Roger Stone he goal was to "die broke and owing millions to the IRS" and succeeded. I can atleast appreciate the contempt of the IRS although I suspect thats just sugarcoating it
 
Erin Riley
@erinrileyau
·
10h
In the United States, teachers can only deduct up to $250 a year of the money

they personally spend on school supplies, despite the average spend being more

than double that. Meanwhile, Trump deducted over $70,000 in hair styling costs.
 
57Brave said:
Erin Riley
@erinrileyau
·
10h
In the United States, teachers can only deduct up to $250 a year of the money

they personally spend on school supplies, despite the average spend being more

than double that. Meanwhile, Trump deducted over $70,000 in hair styling costs.
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You can see this latest bombshell is big!!

Jokers
 
sturg33 said:
Is there a crime here?
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Possibly. There's lots to sift through. Certainly there are super suspicious activities, like the Trump writing off 750K for a consulting fee and his daughter claiming 750k for a consultation. Several suspicious activities similar to that. At the very least, one of the core positions he ran on is demonstrably false and a blatant lie. As someone who claims to value the truth as much you do, I would think you would be outraged.


Also, while not illegal and I haven't researched the veracity of this tweet, there's this:

[TW]1310349893702168576[/TW]
 
sturg33 said:
does anyone on here intentionally pay more taxes to the feds then they are required to?

If not, why?
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I don't imagine anyone here has the wherewithal or financial ability to take advantage of various loopholes, write offs (or just straight up tax fraud) and risk a lengthy, expensive audit that could result in jail time or at the very least a large fine. Such is the life of the 99%.

I can tell you I have paid my fair share and will always continue to pay my fair share regardless of my financial situation going forward. That's simply how I was raised. Clearly DJT has not. He has no issues paying 100+K in taxes to foreign governments though.
 
Carp said:
I don't imagine anyone here has the wherewithal or financial ability to take advantage of various loopholes, write offs (or just straight up tax fraud) and risk a lengthy, expensive audit that could result in jail time or at the very least a large fine. Such is the life of the 99%.

I can tell you I have paid my fair share and will always continue to pay my fair share regardless of my financial situation going forward. That's simply how I was raised. Clearly DJT has not. He has no issues paying 100+K in taxes to foreign governments though.
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that makes you a sucker

but i think the commonly accepted understanding of the term is evolving

no longer a pejorative
 
welp, the whole ball of yarn seems to be unraveling
we should be learning in a day or two just who it is Trump owes $4.12 M

and this

Breitbart News
@BreitbartNews
· 1h
Maria Bartiromo reported it was “unlikely” for a report
from John Durham on a probe into the origins of the 2016
investigation of the Trump campaign before the November 3 elections.
 
Carp said:
Possibly. There's lots to sift through. Certainly there are super suspicious activities, like the Trump writing off 750K for a consulting fee and his daughter claiming 750k for a consultation. Several suspicious activities similar to that. At the very least, one of the core positions he ran on is demonstrably false and a blatant lie. As someone who claims to value the truth as much you do, I would think you would be outraged.


Also, while not illegal and I haven't researched the veracity of this tweet, there's this:

[TW]1310349893702168576[/TW]
Click to expand...

Why is it suspicious?

Curious to know how much tax law you know to make this determination.
 
Carp said:
I don't imagine anyone here has the wherewithal or financial ability to take advantage of various loopholes, write offs (or just straight up tax fraud) and risk a lengthy, expensive audit that could result in jail time or at the very least a large fine. Such is the life of the 99%.

I can tell you I have paid my fair share and will always continue to pay my fair share regardless of my financial situation going forward. That's simply how I was raised. Clearly DJT has not. He has no issues paying 100+K in taxes to foreign governments though.
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And are you self employed?
 
57Brave said:
welp, the whole ball of yarn seems to be unraveling
we should be learning in a day or two just who it is Trump owes $4.12 M

and this

Breitbart News
@BreitbartNews
· 1h
Maria Bartiromo reported it was “unlikely” for a report
from John Durham on a probe into the origins of the 2016
investigation of the Trump campaign before the November 3 elections.
Click to expand...

We already have all the information needed to know Obama should be behind bars.
 
thethe said:
And are you self employed?
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i am sole proprietor of a business

i could write off the costs of maintaining 12 mansions, a fleet of sports cars, and massages and hairdressing services as business expenses

it would not be legal to write off expenses having nothing to do with my business, but there is a high probability I could get away with it

if i go to the florist today and buy flowers for my wife, i could use the business credit card and write it off as an office decorating expense

our tax system relies to a very high degree on voluntary compliance

rule of law generally relies on voluntary compliance

i guess i'm a sucker for not doing it

but if the ethos that leads to high levels of voluntary compliance with our tax laws and other laws continues to get eroded we are gonna be in a heap of trouble
 
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nsacpi said:
i am sole proprietor of a business

i could write off the costs of maintaining 12 mansions, a fleet of sports cars, and massages and hairdressing services as business expenses

it would not be legal to write off expenses having nothing to do with my business, but there is a high probability I could get away with it

if i go to the florist today and buy flowers for my wife, i could use the business credit card and write it off as an office decorating expense

our tax system relies to a very high degree on voluntary compliance

rule of law generally relies on voluntary compliance

i guess i'm a sucker for not doing it

but if the ethos that leads to high levels of voluntary compliance with our tax laws and other laws continues to get eroded we are gonna be in a heap of trouble
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And the algos that are used to capture material inconsistencies with your business categorization code would be flagged and you'd be audited.

But hey, continue to use irrelevant examples.
 
thethe said:
And the algos that are used to capture material inconsistencies with your business categorization code would be flagged and you'd be audited.

But hey, continue to use irrelevant examples.
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you and i both know if I claim my car and gasoline expenses as a business expense it is very unlikely to trigger an audit...no matter what the business...not to mention my cellphone plan and a bunch of other stuff including home office
 
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