Outside of the near meaningless confirmation of Trump's status as a "fake" billionaire and how that may affect his ego, there's is an alarming piece of information here. The man owes hundreds of millions of dollars in personal loans that he may not be able to repay. They will come due during his second term. Given his lack of ethics it's worrying to me that a president could have that kind of leverage against him. Da…
On the other hand, the contents also show that breathless reporting of past foreign deals and money were pure rumor.
Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
271–280 of 280 posts
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#272If Trump applied for even the most basic national security related job that required the lowest level of security clearance, he absolutely would be denied. And yet, this man is president of the United States.
Because the government doesn't get to decide who can be President. It's up to the people.
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#273What? The article is based on a 100% anonymous source with no proof, and they are still calling for Trump to release his taxes? How can HN not call BS on this? HN cries BS if someone makes a COVID claim and doesn't provide links to valid studies. Shame on you all.
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#274Earlier quoted context omitted.
Because the government doesn't get to decide who can be President. It's up to the people.
The government, as specified in the US Constitution, requires that candidates for president must be born in the US and over 35 years old. Assuming those requirements (and any others that may be added via amendments over time) are met, THEN it's up to the people.
The US Constitution is the rules, set by the people, which the Federal government must follow.
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#275This 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.
If there were more details, or if he was doing something complex and interesting, I'd say post it. ...but everything I see in the article is normal tax avoidance that pretty much every family business does.
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#276If Trump applied for even the most basic national security related job that required the lowest level of security clearance, he absolutely would be denied. And yet, this man is president of the United States.
Because the government doesn't get to decide who can be President. It's up to the people.
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#277Earlier quoted context omitted.
> Trump has A HALF BILLION in PERSONAL liability... that is fundamentally disqualifying from holding office because it presents a profound national security risk. Yes, so what? I am not going to stop talking to my mom because of that. It's not like 'she' votes trump cuz hates my country or goes to church cuz she hates children. People are idiosyncratic and act like it. We live in the world of shades of gray. Good luc…
The direct harm Trump can do is clear and present in a way that eating a Kit Kat could never be. The office of president has access to ALL US intelligence and vast international intelligence. He could literally sell that after he leaves office. The harm a conflicted president could do is as greater than anyone on earth so all your examples pale in comparison. I am not a hot headed teen. That’s an ad hominem attack me…
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#278Earlier quoted context omitted.
Where is the Alternative Minimum Tax? You know, that tax law that pops up frequently for high earners in the tech field when they have more deductions than seems fair? Why isn't Trump subject to the same minimum taxation that I would be?
The AMT isn’t a hard minimum on federal taxes. It is a different set of rules for what incomes and deductions count towards the “income” figure AMT is calculated against. There are ways to pay less than AMT, legally, and this is a purposeful choice in its design. There are still certain adjustments allowed. See https://www.thebalance.com/alternative-minimum-tax-3192753
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#279I don't see any. I guess the belief that we should withhold participation in our democracy is limited to the poor.
Re: Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
#280This 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.
HN is not a tech news site. HN is pretty much the only place on the web where intelligent discussion takes place. That is why I hope for every news I am interested in to be discussed here. Reddit discussions are complete garbage. The top comment on r/news for this article is this one line: "That's $750 more than I thought he paid.". It has over 19k likes.
Yeah, ok. Sure.