New York Times: Donald Trump reports $916 million loss in 1995

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Jan 25, 2011
16,634
8,778
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Clinton's Campaign Manager has the last word on the issue..like it or not.

In the words of Hillary Clinton's campaign manager, "this bombshell report reveals [Hillary Clinton's] past business failures... and may show just how long [Hillary Clinton] may have avoided paying taxes."
Are you retarded? We know what Clinton paid in taxes. Every year for the last 30 years. At no time was it zero.

But that confirms you really don't understand what the grown ups are talking about.
 

fskimospy

Elite Member
Mar 10, 2006
84,812
49,498
136
I am just wondering why there is this new found outrage about wealthy people and taxes. I would like to see how much taxes are paid as a whole by all the Trump business.... If that amount is zero like Genral Electric then let's have a discussion.

Because most other wealthy people who aren't paying any taxes don't make public statements complaining about how little other people pay.

Again though, of equal note is the staggering business incompetence on display there.
 
Reactions: MongGrel

fskimospy

Elite Member
Mar 10, 2006
84,812
49,498
136
She's released 20-30 years of tax filings. I'll admit I haven't personally combed thru them but its been reported she has paid 30-34% of earnings in taxes on average.
To make a claim like above that ignores all reporting is silly without concrete proof.

It's zerohedge, which is basically Infowars for the financial crowd. It's not a site that should be taken seriously.
 
Reactions: MongGrel
Jan 25, 2011
16,634
8,778
146
It's zerohedge, which is basically Infowars for the financial crowd. It's not a site that should be taken seriously.
This is an understatement. I'm a broker and some of the bullshit that site puts sometimes is scary. Regularly have to calm people down from the brink due to their lunacy.
 

ivwshane

Lifer
May 15, 2000
32,331
15,128
136
Reminds me of a conversation I had with a Trump supporter today. I thought the person was rational(known him for a while). And when I brought up Trump, he lost his mind. Rambling about not trusting the government or the media. When I asked where he got his facts from then, he got more enraged. I thought he was going to hit me at one point. His support of Trump was almost religious (the bad kind; where you don't even question it). It was really bizarre and unnerving, esp. given the setting we were in. I felt sorry for him and then mad at the Republican party and Fox News and all their ilk. They have spend years tearing down the government and media, telling these people not to trust anything. And now they blindly put their faith in a fool like trump. It's dangerous to the country.


Trumps support can really only be explained when you look at trump as a cult leader. Try and tell me how its different.
 

MrPickins

Diamond Member
May 24, 2003
9,022
600
126
Where is the source of this supposed statement by Clinton's campaign manager? The source is not provided in the zerohedge piece. In fact, the author seems to be inserting Clinton's name into a statement concerning somebody else. While this is fine in the context of attempting to build a case for hypocrisy, to quote it here as actually being said by Clinton's campaign manager is chuck full of fail.


The statement was about Trump:

http://time.com/4515840/donald-trump-tax-records-loss/

“This bombshell report reveals the colossal nature of Donald Trump’s past business failures and just how long he may have avoided paying any federal income taxes whatsoever,” Clinton campaign manager Robby Mook said in a statement. “In one year, Donald Trump lost nearly a billion dollars. A billion.”
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
Clinton's Campaign Manager has the last word on the issue..like it or not.

In the words of Hillary Clinton's campaign manager, "this bombshell report reveals [Hillary Clinton's] past business failures... and may show just how long [Hillary Clinton] may have avoided paying taxes."

I linked the truth in post #141. Even with the declared loss, the Clintons still paid 30% in federal taxes & much the same every year since 2001. They didn't bank nearly $1B in future tax credits from ripping off investors.
 

Sunburn74

Diamond Member
Oct 5, 2009
5,034
2,613
136
Its amazing how he claims to be a champion of the little guy but avoids taxes, avoids paying contractors, and takes other people's money earmarked for charity as his own. Honestly though it just doesn't seem to matter to trump supporters. I really am deeply troubled by these people because their method of judgement for this man would never be applied to another other person applying for any other job. Its almost religious at this point.
 

0roo0roo

No Lifer
Sep 21, 2002
64,862
84
91
Its amazing how he claims to be a champion of the little guy but avoids taxes, avoids paying contractors, and takes other people's money earmarked for charity as his own. Honestly though it just doesn't seem to matter to trump supporters. I really am deeply troubled by these people because their method of judgement for this man would never be applied to another other person applying for any other job. Its almost religious at this point.

Ah yes, when you are less economically literate than some random blue collar guy
https://www.youtube.com/watch?v=HIV5It5mrDc


This is the New York Times on economics..
http://nypost.com/2013/08/03/new-york-times-sells-boston-globe-for-93-percent-loss/

You don't avoid paying contractors for 30 years and still have people working for you, the charges as always just insult the intelligence of anyone who thinks about it for even a second.

Contractor disputes are common to say the least in any construction/development industry.

And really, the big corps who back the democrats, are the worst offenders if you wish to get on your high horse about this
https://visualeconomics.creditloan....how-google-apple-facebook-avoid-paying-taxes/

So yes, Trump's answer was correct, he was simply playing by the rules as they are, and its just smart business. You are free to avoid taking every deduction you can to be a good liberal, but I doubt you'll be in business for long.

Plus, its pretty rich for the Clinton's side to complain when she doesn't run any productive business at all other than taking money from wall street for "reasons".
http://www.cnn.com/2016/02/05/politics/hillary-clinton-bill-clinton-paid-speeches/
She could pay as much tax as she wishes on that income, it doesn't affect her businesses ability to employ, compete in the market place and produce value. It's just corruption.

Don't talk about religion, mindless faith is now pervasive on the left.

Just reminds me of this clip
Businessman utterly destroys liberal on free college tuition
https://www.youtube.com/watch?v=Xwj7DA5cwN0

Reality no longer factors
 
Reactions: OutHouse

larciel

Diamond Member
May 23, 2001
4,590
8
81
Ah yes, when you are less economically literate than some random blue collar guy
https://www.youtube.com/watch?v=HIV5It5mrDc


This is the New York Times on economics..
http://nypost.com/2013/08/03/new-york-times-sells-boston-globe-for-93-percent-loss/

You don't avoid paying contractors for 30 years and still have people working for you, the charges as always just insult the intelligence of anyone who thinks about it for even a second.

Contractor disputes are common to say the least in any construction/development industry.

And really, the big corps who back the democrats, are the worst offenders if you wish to get on your high horse about this
https://visualeconomics.creditloan....how-google-apple-facebook-avoid-paying-taxes/

So yes, Trump's answer was correct, he was simply playing by the rules as they are, and its just smart business. You are free to avoid taking every deduction you can to be a good liberal, but I doubt you'll be in business for long.

Plus, its pretty rich for the Clinton's side to complain when she doesn't run any productive business at all other than taking money from wall street for "reasons".
http://www.cnn.com/2016/02/05/politics/hillary-clinton-bill-clinton-paid-speeches/
She could pay as much tax as she wishes on that income, it doesn't affect her businesses ability to employ, compete in the market place and produce value. It's just corruption.

Don't talk about religion, mindless faith is now pervasive on the left.

Just reminds me of this clip
Businessman utterly destroys liberal on free college tuition
https://www.youtube.com/watch?v=Xwj7DA5cwN0

Reality no longer factors
Dow at 12k. When is this? 2011?

Sent from my LG-D851 using Tapatalk
 

WackyDan

Diamond Member
Jan 26, 2004
4,794
68
91
Are you retarded? We know what Clinton paid in taxes. Every year for the last 30 years. At no time was it zero.

But that confirms you really don't understand what the grown ups are talking about.

Except for 2015... When she wrote down $699k in losses herself. Go figure... Hillary taking advantage of the tax code like anyone else.
 
Jan 25, 2011
16,634
8,778
146
Except for 2015... When she wrote down $699k in losses herself. Go figure... Hillary taking advantage of the tax code like anyone else.
Their effective tax rate federally was 34.2% in 2015. Not sure what you mean by this post. But it's late so I may be missing something.
 

Meghan54

Lifer
Oct 18, 2009
11,573
5,096
136
Except for 2015... When she wrote down $699k in losses herself. Go figure... Hillary taking advantage of the tax code like anyone else.

Except the Clinton's didn't write down $699k of their 2015 taxes or their income from their capital loses of 2015. You know how much transferred from their Sch. D, where that capital loss was taken from, to their 1040 as a write-down of their 2015 income, where the deduction for capital losses applies?

$3,000. That's it. $3K. Not $669K. Bet you didn't know there was a deduction limit imposed on capital losses, did you? Wonder why ZeroHedge didn't inform you of that? Hmmmmm......

My proof? Well.....

I'm going to ask you to do something hard, like read. ZeroHedge claims that page 17 of the Clinton's 2015 tax return shows them claiming a $669K long-term capital loss, right? Refer to the original linked article, ZH says this:
"However, a look back at Hillary Clinton's tax returns from 2015 (here), proudly displayed by the campaign proving she has nothing to hide - shows something awkward on page 17...", and then refers to line 15 of their 2015 Schedule D.

(The Clintons' 2015 tax return is linked the quoted line directly above, please use as reference...it's ZH's link to a .pdf.)


And line 15 does indeed show the Clintons having a $669K long-term capital loss. But the story doesn't end there, as ZeroHedge would like you to believe. Now comes the hard part, further reading. Continue down the same Schedule D to line 21 (it's on the second page of Sch. D, the page ZH doesn't show you) and you find the amount that transfers from Sch. D to line 13 on their 1040, is $3K. It's $3K because that's the limit for capital losses that can transfer from Sch. D to be claimed on your personal 1040.

So, I wonder why ZH neglected to inform you of that, eh? And capital losses are treated MUCH differently vs. business losses, which is a separate entry on a personal 1040.
 
Reactions: ivwshane

ivwshane

Lifer
May 15, 2000
32,331
15,128
136
Except the Clinton's didn't write down $699k of their 2015 taxes or their income from their capital loses of 2015. You know how much transferred from their Sch. D, where that capital loss was taken from, to their 1040 as a write-down of their 2015 income, where the deduction for capital losses applies?

$3,000. That's it. $3K. Not $669K. Bet you didn't know there was a deduction limit imposed on capital losses, did you? Wonder why ZeroHedge didn't inform you of that? Hmmmmm......

My proof? Well.....

I'm going to ask you to do something hard, like read. ZeroHedge claims that page 17 of the Clinton's 2015 tax return shows them claiming a $669K long-term capital loss, right? Refer to the original linked article, ZH says this:
"However, a look back at Hillary Clinton's tax returns from 2015 (here), proudly displayed by the campaign proving she has nothing to hide - shows something awkward on page 17...", and then refers to line 15 of their 2015 Schedule D.

(The Clintons' 2015 tax return is linked the quoted line directly above, please use as reference...it's ZH's link to a .pdf.)


And line 15 does indeed show the Clintons having a $669K long-term capital loss. But the story doesn't end there, as ZeroHedge would like you to believe. Now comes the hard part, further reading. Continue down the same Schedule D to line 21 (it's on the second page of Sch. D, the page ZH doesn't show you) and you find the amount that transfers from Sch. D to line 13 on their 1040, is $3K. It's $3K because that's the limit for capital losses that can transfer from Sch. D to be claimed on your personal 1040.

So, I wonder why ZH neglected to inform you of that, eh? And capital losses are treated MUCH differently vs. business losses, which is a separate entry on a personal 1040.

$5 says he won't be showing his face in this thread again. Dump and run, that's what's truthers do.
 

sportage

Lifer
Feb 1, 2008
11,493
3,159
136
If you like Trump, taxes don't matter.
If you hate Trump, you weren't voting for Trump anyway so the taxes won't matter.
This scandal will give Hillary supporters a few giggles, and the media a few days of distraction, but no minds will be changed.
For Hillary supporters, Donald avoiding taxes would be outrageous.
For Trump supporters, they agree with Trump that anyone that can dodge a tax is the good guy, despite Trump wallowing in the top 1% of the nations wealth.
We can not tell what any of this amounts to until November 8th.
This is one election where the polls really don't matter, especially when polls bounce around on a weekly basis.

Trump and Hillary are so despised that whatever happens on election day will remain completely up in the air until then.
The bottom line, everyone must get out and vote.
And don't think of this as voting for Hillary or Donald, think of it as voting for Paul Ryan's republican agenda.
Privatizing social security, eliminating the EPA, repealing Obamacare (plus all the reforms), voucher-izing medicare, privatizing the VA, repealing bank reforms, the US Supreme court, civil liberties, voter suppression, money in politics, waging war(s), middle class vs billionaires, and who it will be paying all those taxes.

Just one example to consider,
if Trump abolishes the inheritance tax affecting primarily multi millionaires and billionaires, states will receive less and services will be cut to the bone for education and roads and everything in-between.
And just who do you think will pick up that loss in tax revenue once millionaires and billionaires stop paying?
The average Joe. Mr and Mrs citizen schmuck.
That middle class average schmuck on the street who always finds themselves picking up the tab paying higher local taxes, higher property taxes, higher registration fees, higher sales and gas taxes.
Look at it this way.... does Donald Trump really need another tax free golf course?
Or would you prefer better roads and bridges to drive on? And maybe better schools for your kids to attend?
It's all up to you....
Golf courses or roads? Schools or golden towers? Politicians voted into office or politicians owned in office?
Frankly.... this decision is not exactly rocket science.
Especially for the average schmuck on the street.
 
Last edited:

DrDoug

Diamond Member
Jan 16, 2014
3,579
1,629
136
... a post that is full of nothing but excuses for a racist...

Hey Fuckchops, here's one of your alt-right buddies you racist fucks are embracing:


Shamefully bias debate moderator, Lester Holt, has been married to his Jewish wife, Carol Hagen, since 1982.#RiggedElection #MAGA #AltRight pic.twitter.com/V46CPLhOtc

— David Duke (@DrDavidDuke) October 2, 2016

Lie down in shit, run around covered in shit... that's you and your ilk. Racist shit.
 

nageov3t

Lifer
Feb 18, 2004
42,816
83
91
so did he break any laws?
nope, just highlights his hypocrisy, potentially shitty business acumen to lose a billion dollars during the first dotcom bubble, and the fact that the tax plan he's advocating would lower taxes on people like himself even more.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
nope, just highlights his hypocrisy, potentially shitty business acumen to lose a billion dollars during the first dotcom bubble, and the fact that the tax plan he's advocating would lower taxes on people like himself even more.

As it is, accountants & lawyers are cheaper for Trump than taxes. Under his new plan, he could quit paying a lot of them, too.
 

dainthomas

Lifer
Dec 7, 2004
14,613
3,459
136
How the hell does an individual even lose a billion in a year?

In Brewster's Millions Richard Pryor only had to blow through thirty million in a month. Apparently that would be no problem for Trump.
 
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