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NYT: Trump didn't pay income tax for 10 of 15 years


vcczar
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Trump Tax Poll  

27 members have voted

  1. 1. If true, which of the following from the NYT should result in Trump somehow being punished (resigning, going on trial, being audited, and/or etc.)

    • Trump not paying income tax 10 times in the last 15 years.
    • Trump paying only $750 in income tax in 2016 and 2017.
    • Trump has hundreds of millions in debt
    • Even if true, he should not face consequences
  2. 2. If you believe Trump should face some sort of consequences for the above, what do you think should happen?

    • Nothing more than an official release of his taxes ASAP
    • He should be forced to resign ASAP
    • He should face an audit ASAP.
    • He should go on trial for tax fraud ASAP
    • He should face some sort of consequence but none of the above.
    • He should not face any consequences even if it is true.
  3. 3. Will this tax news have any real impact on the polls?

  4. 4. Do you think the NYT report is accurate?

    • I'm leaning mostly or entirely yes.
    • I'm leaning mostly or entirely no.


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7 minutes ago, vcczar said:

I believe a lot of corrupt plutocrats get away with this easily, because the highly biased and easily swayed by wealth and power IRS allows it, but harries much lower-income earners for every cent owed. The whole system is need of fundamental reform - just like many other crooked bureaucracies.

 

And I voted in the poll.

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I do think this will impact the polls, but not in any immediately visible way. I think the current poll #s will stay about where they are. I just think this will make it near impossible for Trump to decrease Biden's lead, that's all. 

I was 60% sure Biden would win a month ago. This moved up to 90% this month. If this is true or seems likely true to most voters, then I think Biden has a 99% chance of winning.

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Just now, Patine said:

I believe a lot of corrupt plutocrats get away with this easily, because the highly biased and easily swayed by wealth and power IRS allows it, but harries much lower-income earners for every cent owed. The whole system is need of fundamental reform - just like many other crooked bureaucracies.

I think anyone that makes at least 1 billion should automatically be audited. If they're good to their word, they have nothing to fear. I'd wager at least 25% of billionaires or more are probably committing some sort of tax fraud. 

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"which of the following from the NYT should result in Trump somehow being punished (resigning, going on trial, being audited, and/or etc.)"

Is it being alleged he did something illegal? Otherwise, why should he be 'punished'? If it's all legal, then I would congratulate the man for avoiding unnecessarily paying taxes.

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5 minutes ago, admin_270 said:

"which of the following from the NYT should result in Trump somehow being punished (resigning, going on trial, being audited, and/or etc.)"

Is it being alleged he did something illegal? Otherwise, why should he be 'punished'? If it's all legal, then I would congratulate the man for avoiding unnecessarily paying taxes.

And I'm sure that's the unbelievably selfish and uncaring way Trump would look at it too, it's a good job not everyone does or we'd live in a much bleaker world.

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Just now, admin_270 said:

Do you pay more taxes than you are required by law?

I don't look for loopholes to pay less than I realistically should.

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1 minute ago, Hestia11 said:

If he is as rich as he says he is I doubt his taxes are 0...

These things are a bit more complex than that. For example, in 2018, Amazon had $200B in revenue and paid $0 in federal tax (in fact, the federal government paid Amazon +$100M https://www.snopes.com/fact-check/amazon-no-income-taxes-2018/ ).

This applies whenever the finances are complex, and especially when talking about real estate, where your value can increase without paying income taxes.

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Just now, admin_270 said:

How do you decide what you 'should' pay? Which loopholes do you ignore?

My income tax is deducted by my employer, I don't have any taxes to pay that aren't taken automatically. If there are any loopholes I could take advantage of I don't know what they are, becuase I've never looked, because I don't mind supporting the public good.

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4 minutes ago, Mark_W said:

I don't mind supporting the public good

Many people want to support goods, but don't think paying more taxes is the best way to do so.

Instead of siphoning money off to a distant federal capital, I'd rather spend that money in my community. Support local businesses, charities, and my family.

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5 minutes ago, Mark_W said:

My income tax is deducted by my employer, I don't have any taxes to pay that aren't taken automatically. If there are any loopholes I could take advantage of I don't know what they are, becuase I've never looked, because I don't mind supporting the public good.

It's usually those who are self-employed, business owners or shareholders - or corrupt politicians - or otherwise manage their own income at all or most levels that do have the ability to engage in such crooked endeavours.

 

7 minutes ago, admin_270 said:

These things are a bit more complex than that. For example, in 2018, Amazon had $200B in revenue and paid $0 in federal tax (in fact, the federal government paid Amazon +$100M https://www.snopes.com/fact-check/amazon-no-income-taxes-2018/ ).

This applies whenever the finances are complex, and especially when talking about real estate, where your value can increase without paying income taxes.

Undertaxing or non-taxing big corporations is also a travesty and corruption of tax law - arguably even worse than as it applies to individual billionaires.

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2 minutes ago, admin_270 said:

I'm not trying to spin, I'm giving you my understanding of these things because you seem ignorant. Have you run a business?

I'm fairly sure this is in regards to personal income tax and not the Trump Organization. I'm not sure how Trump (a person) can avoid paying taxes. 

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4 minutes ago, Hestia11 said:

Have you?

Yes, of course! Have you ever owned large amounts of real estate, and understand possible tax deductions that are possible because of that?

4 minutes ago, Hestia11 said:

President Obama and President Bush both paid $100,000 or more in taxes while being President - and had the same base income ($400k) as Trump.

Trump *gives away his entire federal salary*. How old are you again?

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Just now, admin_270 said:

Many people want to support goods, but don't think paying more taxes is the best way to do so.

Instead of siphoning money off to a distant federal capital, I'd rather spend that money in my community. Support local businesses, charities, and my family.

'Supporting local businesses' (lol), supporting my family. You mean you want to pay nothing towards the society we live in, spend pretty much all of it on yourself, and give a fraction of what you should be spending to charity so you can tell yourself that you're not the selfish person you clearly are?

Don't sugarcoat it.

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Just now, Zenobiyl said:

Is this illegal? It just seems like he got no taxes because he lost millions of dollars.

He still has a few billion dollars left. Thus his losses are irrelevant, at least to the ridiculous, insulting-to-the-intelligence being discussed.

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1 minute ago, Mark_W said:

'Supporting local businesses' (lol), supporting my family. You mean you want to pay nothing towards the society we live in, spend pretty much all of it on yourself, and give a fraction of what you should be spending to charity so you can tell yourself that you're not the selfish person you clearly are?

Don't sugarcoat it.

How much do you give to charity in a typical year?

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Just now, admin_270 said:

How much do you give to charity in a typical year?

Can you answer this question, please?

3 minutes ago, Patine said:

Are you saying that Donald Trump should legally be considered AS ONE with his business interest? That's Feudal and Monarchal thinking, big time.

 

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