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

Post by ikt » Mon, Sep 28, 2020, 11:30 AM UTC

rrss wrote: post #131

jmcguckin wrote: post #112

Earlier quoted context omitted.

When I bought my house (borrowing roughly 200K) the bank wanted several years of tax returns and basically put my finances under a microscope. Pretty much everything except the anal probe. So, you think a bank that's going to lend Trump 100 Million isn't going to examine his finances in greater detail?

Yes. > In 2003, Deutsche Bank helped Mr. Trump’s casino company sell hundreds of millions of dollars in bonds. > Mr. Trump’s company defaulted in 2004, leaving Deutsche Bank’s clients with deep losses. The bank’s investment division that sold the bonds vowed to not do business again with Mr. Trump > A year later, though, Mr. Trump approached another part of the investment division for a $640 million loan to build a s…

Post by scarface74 » Mon, Sep 28, 2020, 12:06 PM UTC

phobosanomaly wrote: post #168

maxlybbert wrote: post #154

Earlier quoted context omitted.

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 t…

Post by tom_mellior » Mon, Sep 28, 2020, 12:22 PM UTC

softwaredoug wrote: post #146

tom_mellior wrote: post #141

Earlier quoted context omitted.

What "reasons" did the parent cite, and why exactly did you flag this? There is no rule against political content on HN.

Specifically you’re supposed to flag anything not within the guidelines[1]: > On-Topic: Anything that good hackers would find interesting. That includes more than hacking and startups. If you had to reduce it to a sentence, the answer might be: anything that gratifies one's intellectual curiosity. > Off-Topic: Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon…

Post by raxxorrax » Mon, Sep 28, 2020, 12:40 PM UTC

koolba wrote: post #114

jeffbee wrote: post #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.

I would have thought the HN angle is where do you draw the line between journalism and data leaks or identity theft? As much as large parts of the public wants to see his taxes, that doesn’t meant a newspaper can hide behind journalism to act as an intermediary to leak them. If that’s the standard then I’m sure it’d be fine for an intern at Joe Biden’s doctors office to leak his full medical records right? EDIT: I fi…

Post by TooCreative » Mon, Sep 28, 2020, 12:45 PM UTC

yosito wrote: post #196

This is important news, but I don't understand the insistence of some people to post political news to this website. Seriously, this has very little to do with tech. Post it to Reddit or Twitter. I do not come here to read about Trump.