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

nytimes.com

161–170 of 280 posts

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

#161
post #153
post #30

Great thread here that covers his loans https://twitter.com/DanAlexander21/status/131034616181606400... EDIT: I accidentally a 'that'

Great thread? Really? Dan Alexander is hawking an anti-Trump book released on 9/22.

It's a great thread in that it exposes his fraud as a genius business executive and transparency on potential leverage that foreign entities use to gain even more control over him than they already have.

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

#163
post #134

A related question: Can a president pre-emptively pardon himself? I think there was some deal being worked on Jeff Epstein's case where that could have happened.

I highly doubt the president can pardon himself from anything. That flies in front of all precedent and I don't even think the conservatives on the supreme would be stupid enough to uphold such an idiotic attempt to escape justice.

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

#164

Earlier quoted context omitted.

I'm not sure why you are being downvoted. This is a very valid point. This is not just an ordinary man, this is the head of the executive branch of the United States of America.

Every single comment that highlights something negative about trump gets downvoted, like clockwork. It's either an automated bot or an army of very bored trump supporters.

That's far from the case. You might be running into the notice/dislike bias, which unfortunately tends to distort perceptions and leads to false feelings of generality.

https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...

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

#165
post #122
post #98

Earlier quoted context omitted.

We're talking about a public servant. It just highlights a cutthroat selfishness in past actions and current politics. >No person has an obligation, legal or moral, to pay a cent more in taxes than what they owe under the tax code. But let me ask you something. Do you believe there is zero moral obligation or simply that the current tax code is at the absolute pinnacle of moral balance?

Does that mean that every government employee should not be allowed to avoid taxes?

They're allowed. It's not illegal to act in a singular self interest. That doesn't mean everyone wants to elect someone who only works for their own self interest. We're talking about a public figure and that means they're subject to public opinion beyond the low bar of legality.

However, at this point this sort of thing is baked in to opinions of the president. I don't think anyone is surprised.

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

#166
post #83
post #25

Earlier quoted context omitted.

Not a crime != not an absolutely shitty thing to do

No person has an obligation, legal or moral, to pay a cent more in taxes than what they owe under the tax code. If you have a problem with people avoiding taxes, you can endeavour to change the tax code and plug those loopholes. Otherwise, you’re really trying to solve a legal problem by social means. You’re perfectly in your right to do so, but plenty of people will disagree with you.

> Otherwise, you’re really trying to solve a legal problem by social means.

Haven't you noticed how over the past decade activists have started to bypass this whole democracy thing and instead legislate via Twitter mob? Plenty of people, many very influential, think we can shame our way to a better world --- their better world, of course, not yours or mine.

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

#167
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.

Yeah, imagine someone did this to Obama or the Clinton Foundation.... The mediatic outrage would be unmeasurable

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

#168

Earlier quoted context omitted.

As a normal American citizen, I often overpay taxes and then collect the amount I overpaid in my return. I certainty don't cook up elaborate schemes to avoid paying taxes. Does that make me stupid? I consider it a moral responsibility to pay back the community college and state university system, as well as the state and country that gave me access to the infrastructure and opportunity to earn that taxable income.

You overpay during the year, but when you file your returns, do you intentionally deduct less than you’re allowed, or intentionally skip tax credits? I personally would prefer to have the government owe me money than owe the government money, but I do my best to make sure my taxes are accurate and I’m not in the hook for any more than I truly owe. Things like the child tax credit aren’t really meant to encourage part…

I'm thinking more in the category of buying a failing company in anticipation of using it's annual losses to create tax benefits.

The level at which you and I are engineering this stuff is kid's play. But that's kind of the idea. If you have extensive amounts of money, you hire a team to engineer getting you out of paying your fair share, I think the average person has the right to be upset about that, since all of that profit is earned on the backs of ordinary folks.

If someone wants to disagree, fair enough, but I'd be mainly interested in hearing from folks who can't afford to hire a team to engineer their way out of paying taxes.

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

#170
post #164

Earlier quoted context omitted.

Every single comment that highlights something negative about trump gets downvoted, like clockwork. It's either an automated bot or an army of very bored trump supporters.

That's far from the case. You might be running into the notice/dislike bias, which unfortunately tends to distort perceptions and leads to false feelings of generality. https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...

I feel like you could write an entire FAQ based off of the weird biases and things you see here on a daily basis. Maybe even a PhD dissertation.
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