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Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

nytimes.com

51–60 of 280 posts

Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

#51
post #17

Reminder; tax avoidance != tax fraud.

This is the more important part IMO:

"Mr. Trump’s businesses appear to have benefited from his position, and his far-flung holdings have created potential conflicts between his own financial interests and the nation’s diplomatic interests"

Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

#53
The HN angle on this article is the NYT accounts system wasn't prepared for the deluge of subscriptions, fell over, served 500s for hours, and now they made the article free-to-all (as far as I can tell) in response.

Get these journos some capacity planners and SREs.

Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

#54
post #41
post #13

Earlier quoted context omitted.

Well, it is the law that you're not eligible for a security clearance if you have significant debt.

Does that apply to the President? (At this point it seems clear that nothing applies to the president; let’s hope to god that someone makes a new amendment for that.)

The president (and other elected positions) are carved out of those kinds of requirements: requiring an elected official to "pass" a background test created by unelected public servants amounts to an unintended check on representative democracy.

To be clear: we absolutely should require that elected officials disclose their finances. But we shouldn't require them to be vetted through a mostly unaccountable process after they've been elected.

Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

#55
post #13

Earlier quoted context omitted.

Well, it is the law that you're not eligible for a security clearance if you have significant debt.

I didn't know that. I'm just completely speculating right now, but I wonder if that has something to do with Jared Kushner's denied security clearance. [1] [1] https://www.nytimes.com/2019/02/28/us/politics/jared-kushner...

[deleted]

Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

#56
post #14

I’m more concerned about how this information was sourced. Did it get leaked from the IRS or an accountant? It feels like that part of the story is the bigger deal. I love the NYT but this feels kind of like doxing and makes me very uncomfortable.

I think that is unclear at the moment and the NYT is not revealing it's source according to this[1]. It says they are declining to provide the tax filings to protect their sources at the bottom. [1]: https://apnews.com/article/archive-personal-taxes-donald-tru...

I saw that part too which was concerning to me. I hope it comes to light and that it is in a legal manner. I am concerned about precedent setting.

Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

#57
post #14

I’m more concerned about how this information was sourced. Did it get leaked from the IRS or an accountant? It feels like that part of the story is the bigger deal. I love the NYT but this feels kind of like doxing and makes me very uncomfortable.

Are you uncomfortable with the method of finding the truth? I may not agree with specific methods used but if credible then the guilty are guilty.

I trust the courts, even if it’s taking a long time to come out seems pretty close to it coming out in New York.

Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

#59
post #14

I’m more concerned about how this information was sourced. Did it get leaked from the IRS or an accountant? It feels like that part of the story is the bigger deal. I love the NYT but this feels kind of like doxing and makes me very uncomfortable.

> It feels like that part of the story is the bigger deal. and I imagine people saying just that is why they avoid all mention: they don’t want that to become the story, because that’s how strategists deflect the attention from the actual headlines.

Exactly and that’s why I’m concerned about it because it robs the content of its full impact.

Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance

#60
post #12
post #7

Earlier quoted context omitted.

That's why it has been standard practice for Presidential candidates and aspirants to release taxes and other financial disclosures before elections, and why it was such a big deal that Trump didn't.

I think that it should be law that the finances of the people at these levels of governence (maybe even down to the city level) be open to the public to review.

I'm not overly against the idea that all tax returns should be public to some extent, certainly for politicians.
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