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

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ivwshane

Lifer
May 15, 2000
32,333
15,128
136
Is he going to slash the taxes? Yes, if I had to believe the MSM narrative.



It's you guys who don't understand the meaning of hypocrisy if you believe in the MSM narrative. Making the other side live up to their own rulebook is not hypocrisy. As for the latter part of your comment, it's a perfect example of how clueless your side is. Self-awareness absolute zero.

Dumb ass trump cult member it is!
 
Reactions: MongGrel

sportage

Lifer
Feb 1, 2008
11,493
3,159
136
In other news related to Donald:
CNN: U.K. pound plunges 6% in mysterious flash crash
They are saying this was in large part due to the Brexit move.
And the same mindset as with Donald Trump strictly controlling borders and opting for isolationism. Seems the Brits are paying the price. And when that price is in hard cold currency, everyone feels the hurt.

Which brings us to Trump.
If he actually did all that he promises with borders, walls, and exporting people, our US business would feel the hurt.
While illegals that work might not pay the federal taxes, they do pay state and local taxes in every other way. Shopping, buying, owning, renting.
And if millions of those tax dollars suddenly disappeared from state and local governments, business would feel the hurt.

We would see hundreds of restaurants close including national chain restaurants. Walmart's would be forced to close hundreds of stores nationwide due to loss of income. And millions would lose their job as well as homes and families. And this dire prediction does not include the millions of small business that would be forced out.

And when we have millions losing their jobs, millions of business closings, double digit unemployment along with massive home foreclosures nationwide, it would be enviable for stocks and retirement funds to also crash and burn.

All because some orange haired moron with no experience believes he knows best how to run a country and run it's economy.
Closing borders and deporting people will only lead to another great depression, and millions of legal US citizens out of work.
That is something economist won't tell you, but it's all right there for all to see, because this has happened before.

Bottom line, is it worth building a wall and deporting people just to make isolationist feel better about themselves while they pay for that feel better feeling by losing their jobs, homes, and retirement hopes?
 

gamervivek

Senior member
Jan 17, 2011
490
53
91
Just because you're too dumb to understand them doesn't mean mocking you isn't funny to people who can.

To reiterate, well, if it helps you sleep well at night.

Also remember to chant, 'reality has a liberal bias' 100 times.
 

agent00f

Lifer
Jun 9, 2016
12,203
1,242
86
To reiterate, well, if it helps you sleep well at night.

Also remember to chant, 'reality has a liberal bias' 100 times.

You're not even smart enough to tell different people apart. Even my neighbor's kinda dumb dog can do that.
 

fskimospy

Elite Member
Mar 10, 2006
84,812
49,499
136
It's not hypocritical of him if he wants to slash taxes, it's hypocritical of those who don't pay taxes despite supporting a candidate who wants to raise them.

IOW, he's making the other side live up to their own rules.

It's absolutely hypocritical of him regardless of his tax stance. He is criticizing people for doing exactly what he is doing.

This isn't complicated.
 

fskimospy

Elite Member
Mar 10, 2006
84,812
49,499
136
Bullshit. You, and many other folks would LIKE to call him a hypocrite. But only a total moron would voluntarily pay money to the government that they don't owe.

Bullshit. He is an absolute, obvious hypocrite. His decision to pay as little in taxes as possible is not hypocrisy. His decision to criticize others for doing the same thing he is...is.

This is exactly what he is trying to avoid. He's fucked either way, because the people who are out to get him will bitch if he doesn't pay taxes, even though he's done exactly what every other business does. Has he every claimed to pay a great deal of taxes? I don't remember him doing so. Why, then, should we be shocked if he doesn't.

Sounds like something he should have thought of before criticizing other people who are doing the same thing, no?

I'll say it again - this whole thread and a great deal of posters are a joke. In fact the first post after mine accused me of being partisan - even though he has no idea who I'm voting for. Protip: It isn't Donald Trump. I just can't stand stupid partisan pandering like thiswhen I see it.

If you want to have a concrete discussion, discuss how many of business proposals fail. That's a concrete discussion that clearly shows a lack of leadership and business acumen.

I don't care who you are voting for, what you said was ridiculous. Criticizing him for being a hypocrite is totally appropriate. I have no idea why you're even trying to deny something so blatant.

If you're going to try and call a thread out for being a joke, at least understand what the argument is.
 

zinfamous

No Lifer
Jul 12, 2006
110,810
29,564
146
IMO, Donald's smart not paying his taxes. Same with most wealthy people. If I had millions I'd look at every tax loop hole as well. The IRS are crooks and the more you make the more they will steal from you. The federal government is going to waste your money anyway so why give them more if it?

I remember helping out the tech guy put in computers in classrooms at the public school. We were opening new computers, laptops and tablets. The thing is the classrooms all had new technology from the previous year. I asked him why did he order new technology when the school obviously didn't need it. He said that he has to spend the money or they'll get less money next year.

The US government loves to waste money. Donald didn't do anything illegal. That's important to remember. You have to play the game or you'll spend 40 of your working years paying 30-40% in taxes. I don't know about you but I work hard for my money. I want to keep as much as possible.

None of you understand a fucking thing about this issue.

Lol--it's entirely over your heads.
 

Fern

Elite Member
Sep 30, 2003
26,907
173
106
I saw the tail end of a story Tuesday night.


More info here:

http://www.businessinsider.com/why-did-trump-pay-so-little-tax-2016-10

I am familiar with Glitz; I have used for clients. (But only after the SCOTUS affirmed it and they were not in real estate development.)



No; it's a pretty good article. I say that because the article did mention that Glitz applies only to S corps.

However, in effort to speculate (which is all we can do because a NY tax return will have so little data - it's based upon the federal return where the info exists) some potentially relevant issues are left out. Ex, Passive Activity Loss ("PAL") rules and cap gains.

Glitz does not itself abrogate section 108 (this was mentioned previously and so would attribute reduction (such as NOL or basis in property) would still have to be dealt with at the S corp level.

What Glitz does is increase the 'basis' of stock. 'Basis' is generally akin to what you or I pay for when we buy stock. This is the amount we use to measure against the sales to determine our gain or loss upon sale (or liquidation) of our stock.

The problem with the theory in the article is that an increase basis would result in a larger loss upon disposition of the stock - the loss being a LT cap loss that cannot be an N.O.L.. Capital losses do not affect NOLs. The theory the article mentions does not speculate how that increase in basis due to Glitz could have been transformed into an ordinary loss, and not cap loss.

Because of the above (and a few other technical tax issues) I did not consider Glitz likely when posting previously.

Other things:

- If Trump's tax preparers tried to employ Glitz back in the early 90's I believe they surely would have found themselves in court as the IRS fought this interpretation. If someone bothered they search court records of such a case this theory could be confirmed.

- I think unlikely that the IRS would hound a taxpayer over taking the Glitz 'position'. It is ,after all, a 'rule' from the SCOTUS. Aren't we all compelled to follow the SCOTUS? Trump is simply continually under audit (if that claim is true) because the IRS keeps finding things they disagree with. The IRS cannot continually audit someone unless they do find 'adjustments'.

I think it most likely Trump has a huge loss (NOL) because 4 of his large properties went bankrupt prior to 1995. I have seen no reason to even suggest this loss is from some sort of 'loophole'.

Fern
 

gamervivek

Senior member
Jan 17, 2011
490
53
91
It's absolutely hypocritical of him regardless of his tax stance. He is criticizing people for doing exactly what he is doing..

It's absolutely not hypocritical of him when he doesn't parade it as a virtue compared to those who are getting hoisted on their own petard.

This isn't complicated

So atheists who criticize christians for not following the bible are hypocritical? Liberals who criticize conservatives for not following family values which they so cherish are also hypocritical?

It's really not complicated but you guys are simply clueless.


You're not even smart enough to tell different people apart. Even my neighbor's kinda dumb dog can do that.

You should go reply to him then, you're certainly worthless to me.
 

Meghan54

Lifer
Oct 18, 2009
11,573
5,096
136
It's absolutely not hypocritical of him when he doesn't parade it as a virtue compared to those who are getting hoisted on their own petard.



So atheists who criticize christians for not following the bible are hypocritical? Liberals who criticize conservatives for not following family values which they so cherish are also hypocritical?

It's really not complicated but you guys are simply clueless.




You should go reply to him then, you're certainly worthless to me.

So, what you're saying is the time and money spent on whatever education you supposedly obtained was indeed completely wasted? Sure seems that way, given your absolutely not understanding what the word hypocrisy means or what the phrase "hoisted on his own petard" means, never mind completely clueless in your comparisons for hypocrisy.
 

gamervivek

Senior member
Jan 17, 2011
490
53
91
So, what you're saying is the time and money spent on whatever education you supposedly obtained was indeed completely wasted? Sure seems that way, given your absolutely not understanding what the word hypocrisy means or what the phrase "hoisted on his own petard" means, never mind completely clueless in your comparisons for hypocrisy.

It's a simple question, are you hypocritical for making someone live upto their own rules if they are not yours?

The answer is no.
 

ivwshane

Lifer
May 15, 2000
32,333
15,128
136
It's a simple question, are you hypocritical for making someone live upto their own rules if they are not yours?

The answer is no.

So when trump complained about half of the US not paying taxes, who exactly wasn't living up to their own rules?
 

mikeymikec

Lifer
May 19, 2011
18,042
10,224
136
It's a simple question, are you hypocritical for making someone live upto their own rules if they are not yours?

They're your rules if you're President. If you're capable of making the rules, you're expected to follow them because otherwise you'd look like a giant hypocrite. Should a police officer bend or exploit loopholes in the rules because their "not his/hers"? What you're saying makes no sense.

Trump has put himself in an odd position in that he stated that exploiting loopholes in the rules makes him smart, yet what does fixing said exploits make him? He's still a businessman at the end of the day.
 

fskimospy

Elite Member
Mar 10, 2006
84,812
49,499
136
It's absolutely not hypocritical of him when he doesn't parade it as a virtue compared to those who are getting hoisted on their own petard.

Hypocrisy is defined as someone who takes actions that they criticize others for. Trump criticized others for not paying sufficient income taxes while apparently not paying them himself. It's basically the dictionary definition of the word.

So atheists who criticize christians for not following the bible are hypocritical? Liberals who criticize conservatives for not following family values which they so cherish are also hypocritical?

It's really not complicated but you guys are simply clueless.

That's a hilariously ironic example because what atheists are doing in that case is criticizing christians for being hypocrites. Whether or not they follow the Bible doesn't matter on its own, it is their failure to practice what they (literally) preach.

Thank you for proving my point, haha.
 

fskimospy

Elite Member
Mar 10, 2006
84,812
49,499
136
It's a simple question, are you hypocritical for making someone live upto their own rules if they are not yours?

The answer is no.

Where did you get the idea that Amazon had some sort of rule related to income taxes that they weren't living up to?

You're twisting yourself into knots trying to find a world where this guy is not a hypocrite.
 

agent00f

Lifer
Jun 9, 2016
12,203
1,242
86
It's absolutely not hypocritical of him when he doesn't parade it as a virtue compared to those who are getting hoisted on their own petard.

So atheists who criticize christians for not following the bible are hypocritical? Liberals who criticize conservatives for not following family values which they so cherish are also hypocritical?

It's really not complicated but you guys are simply clueless.
If you can't figure out what hypocritical means, you're never going to understand that post. This is one of those thing you'll probably never grasp, like all those subjects from school.

You should go reply to him then, you're certainly worthless to me.

It's pretty evident you'll never understand any minimally intelligent post no matter the explanation, lord knows your teachers certainly have tried for 12 years to no avail, so your sentiments are understandable.
 

gamervivek

Senior member
Jan 17, 2011
490
53
91
Hypocrisy is defined as someone who takes actions that they criticize others for. Trump criticized others for not paying sufficient income taxes while apparently not paying them himself. It's basically the dictionary definition of the word.

That's a hilariously ironic example because what atheists are doing in that case is criticizing christians for being hypocrites. Whether or not they follow the Bible doesn't matter on its own, it is their failure to practice what they (literally) preach.

Thank you for proving my point, haha.

*facepalm*

And Trump should criticize those who make a virtue of paying taxes and yet act like him as hypocrites.Because they are preaching what they don't practice while he's doing what makes one smart.

Why is this so hard for your guys to understand?

He's making them live up to their own rulebook, their own virtue, their own holy book. He's not a hypocrite. They are.


Yeah I didn't think you are capable of rational thought.

As I said before, whatever helps you sleep at night.

If you can't figure out what hypocritical means, you're never going to understand that post. This is one of those thing you'll probably never grasp, like all those subjects from school.



It's pretty evident you'll never understand any minimally intelligent post no matter the explanation, lord knows your teachers certainly have tried for 12 years to no avail, so your sentiments are understandable.

Into the trash it goes.
 

fskimospy

Elite Member
Mar 10, 2006
84,812
49,499
136
*facepalm*

And Trump should criticize those who make a virtue of paying taxes and yet act like him as hypocrites.Because they are preaching what they don't practice while he's doing what makes one smart.

Why is this so hard for your guys to understand?

He's making them live up to their own rulebook, their own virtue, their own holy book. He's not a hypocrite. They are.

As I said before, whatever helps you sleep at night.

Into the trash it goes.

Did it ever occur to you that if everyone is finding something 'so hard to understand' it might be because what you're saying doesn't make sense?

For the second time, who are these people Trump is forcing to 'live up to their rule book'? Be specific.
 
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