So what if Trump didn't pay any personal income tax?

[Deplorable Me]

What kind of real estate taxes get paid on his properties? Aren't contributions to the Clinton Foundation tax deductible?

How many people are directly employed by Trumps businesses and what's the conglomerate taxes paid by them? Government employees get paid from these collected taxes.

Trumps regular security detail are paid employees who pay taxes. Hillary has government paid security, for life.

 

[Criticalt]

Hes smart

 

[BerettaGuy]

Exactly! Income tax shows reported income not total wealth. He is a business owner, just about everything he does is a write off except for the draw which he takes, that is personal income. It is what makes America tick. That is why (for those of you that are working for someone) your employer is probably considered rich. For those of us that work for ourselves. Never getting a vacation or day off and no set clock out time. No workie no payie. No family leave - no sick time - etc etc. If you hate capitalism, quit your job and go to work for a poor person.

 

[Darth]

More of this "people should just expect the government to steal from them" mentality.

 

[Deplorable Me]

Personally he's financially smart. Directly or indirectly he generates wealth for himself and those around him. He thinks in terms of return on investment for his efforts and investment.

Government in theory works on a non-profit, negative cash flow basis, extorting from people/businesses the money they need to run. No one can force me to do business with Trump but the government can pass laws and seize my property. Something I've watched recently is how various levels of government accumulate "surplus" money. They're putting your money and my money into their savings account, and then they have the balls to raise taxes. (If ammo is the currency of the new millennia than government agencies stock piling ammunition are ahead of the financial curve. )

 

[Deplorable Me]

He also pays sales tax and luxury tax on his purchases and purchases for his businesses. Many foundations are sales tax exempt.

 

[Frankly]

Trump was too slow on the draw to point out that the Clintons' have avoided every tax possible, from declaring Bill's used underwear as a write off to forming the foundation, numerous trusts, and courting tons of non-taxed favors and delayed pay-off schemes.

Hillary went off even worse on by equating corporate income tax with the wealthy. The high US corporate tax (one of the highest practical rates in the world) is a huge disincentive for our economy when even socialist Canada has a far lower rate.

As for the wealthy not paying taxes, outside of some crony boutique loopholes that need to be eliminated, for the most part their money is tied up and at risk creating new companies and new jobs. Poor people don't create jobs. And when Hillary talks about taxing the rich, she doesn't mean her Silicon Valley or Media billionaire friends... she means the small business owner, dual income families, and farmers that maybe make a couple hundred grand after 20 years of sweat equity. She's out to nail them and #@#$ her.

Trump shouldn't have to explain Economics 101 to the audience but unfortunately he does, the typical Hillary voter is a government dependent drone who thinks capitalism is a dirty word.

She repeated lie after lie that Trump didn't attack, like the stupid "Trickle down doesn't work" when obviously it did for most of American history until the leaches got power.

 

[MoMan]

Trump was too slow on the draw to point out that the Clintons' have avoided every tax possible, from declaring Bill's used underwear as a write off to forming the foundation, numerous trusts, and courting tons of non-taxed favors and delayed pay-off schemes.

Hillary went off even worse on by equating corporate income tax with the wealthy. The high US corporate tax (one of the highest practical rates in the world) is a huge disincentive for our economy when even socialist Canada has a far lower rate.

As for the wealthy not paying taxes, outside of some crony boutique loopholes that need to be eliminated, for the most part their money is tied up and at risk creating new companies and new jobs. Poor people don't create jobs. And when Hillary talks about taxing the rich, she doesn't mean her Silicon Valley or Media billionaire friends... she means the small business owner, dual income families that maybe make a couple hundred grand after 20 years of sweat equity. She's out to nail them and #@#$ her.

Trump shouldn't have to explain Economics 101 to the audience but unfortunately he does, the typical Hillary voter is a government dependent drone who thinks capitalism is a dirty word.

GREAT post right here!

 

[livingston]

Trump missed a lot of openings that is for sure .....But he was debating 2 people last night.... It was rigged ...

 

[Target]

Did he not pay personal income tax?
As long as he followed the rules and didn't falsify documents then its fine.
If the law says he can take certain deductions and whatever...Then good for him. I DONT CARE!

If I could afford a slimey tax lawyer instead of just Turbo Tax , Federal Edition, I may be able to get away without paying income tax as well.

 

[togmaster]

I don't know about the rest of you but I do everything I legally can to avoid income tax. The problem is I always wind up paying more than I want.

 

[Phauxtoe]

Clinton steals others personal income taxes!

 

[ECU Pirates]

If he really is audited aboyt yearly I want to know why? Seems like the IRS trying to intimidate. Speaking of audits..... Clinton is worth 250 million. Has she ever been audited?

 

[Deplorable Me]

Right after Trump gets elected.

 

[Deplorable Me]

Trump doesn't pay taxes?
Some of Hillary's loudest supporters don't pay taxes either.

 

[gun_slinger_boy]

Did he not pay personal income tax?
As long as he followed the rules and didn't falsify documents then its fine.
If the law says he can take certain deductions and whatever...Then good for him. I DONT CARE!

If I could afford a slimey tax lawyer instead of just Turbo Tax , Federal Edition, I may be able to get away without paying income tax as well.

I don't know about the rest of you but I do everything I legally can to avoid income tax. The problem is I always wind up paying more than I want.

Heh. Some of my coworkers and I were talking about this at lunch today. It's so hypocritical to criticize people who are smart enough to not have to pay taxes. I asked one of my more liberal coworkers if they enjoyed paying taxes and if they did everything in their power to pay as few taxes as possible. With a dumbfounded look on his face he uttered those 3 magical words. "Well that's different". Funny how the rules shouldn't apply when it's you. When it boils down to it people that hate the wealthy are simply jealous.

 

[Nevar]

I have not kept up on this topic.
never paid personal income tax and what proof is there

 

[Darth]

Trump doesn't pay taxes?
Some of Hillary's loudest supporters don't pay taxes either.

But they get tax refunds.

 

[Deplorable Me]

No tax refunds, income redistribution.

You got mugged.

 

[MikeM]

ok, let me try and explain this in 1000 words or less. People don't understand real estate professionals and that why he won't release his returns. Most real estate investors just hope to break even. But they get to claim depreciation [which is the write off of the purchase price over a set number of years]. So you buy a rental property for $500,000 and you collect $80,000 per year in rent. Your real estate taxes, mortgage interest, insurance and other operating expenses come out to $70,000 so you net $10,000. Now due to depreciation you have a depreciation write off of $18,000 per year so his taxes show a loss of $8000. Now 10 years later your property is worth $1,000,000 and your mortgage is down to $350,000. You refinance the mortgage to $700,000, pay off the $350,000 and put the extra $350,000 in your pocket, buy a plane, another property, a yacht, whatever. This is tax free money until you sell the property. At that point you pay taxes on it. That's why real estate is considered a tax shelter of sorts.

Trump didn't cheat, he used the laws as written. My most wealthy clients qualify for food stamps if they were so inclined due to negative income. Although mine have scruples and would never apply.

Further more, unlike the moderator thinks or Hillary wants people to think, tax returns don't tell you much, it won't show who he owns money to or who he does business with. It would show all the countries that he is involved with.

My largest return was about 2000 pages printed out and that guy only owned about 100 properties in 6-7 states. Trumps return would be thousands and thousands of pages.

Same as hedge fund guys, their income is considered capital gains and not subject to social security taxes so they pay a way less rate than the average employee. Same as anyone here that sells a stock. The only difference is that this is their only source of income.

 

[BerettaGuy]

Heh. Some of my coworkers and I were talking about this at lunch today. It's so hypocritical to criticize people who are smart enough to not have to pay taxes. I asked one of my more liberal coworkers if they enjoyed paying taxes and if they did everything in their power to pay as few taxes as possible. With a dumbfounded look on his face he uttered those 3 magical words. "Well that's different". Funny how the rules shouldn't apply when it's you. When it boils down to it people that hate the wealthy are simply jealous.

You might explain to them that if Trump buys an airplane for his business, it is deductible.
Who benefits? The friggin people that built - maintain - pump gas into - fly - wash - the airplane and the people in the cities and states that own the airports the plane lands in because Trump has to pay them every time he lands. So who would you rather see get paid, all those people who work, or give it to the guberment for free Obama phones.

 

[Podmonkey]

1. None of us are supposed to be paying income tax.

 

[Airborneguy]

Who cares? I hate democrats.