ya i don't blame him at all, its one of the few instances where his generosity is actually palpable, he did what best advantaged his employees, and himself.

but to act like "i'm the only one who understands the tax code" while simultaneously putting a tax reform proposal that doesn't address broken policies is stupid, and should be lambasted accordingly.

trump did what all (or most) people do, paid as little as he could legally get away with around tax time

that's something you do when you're broke af with 5 kids and when you're rich af with 5 kids

the dumbassery of trump is all the stuff surrounding it like has been mentioned above

and I've watched minimal stuff related to politics the past few weeks to enjoy life and I still want to jump off a cliff every time Cuban pops up...make him go awayyyyyyyyyyyyyyyy

Hillary Clinton: " What kind of genius can lose a billion dollars in one year?" Bill Gates: -$3.2B Amancio Ortega: -$1.5B Warren Buffett: -$2B Carlos Slim: -$1.6B Charles Koch: -$1.3B David Koch: -$1.3B Jeff Bezos: -$2.6B Larry Ellison: -$1.6B Mark Zuckerberg: -$1.7B
http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department

Nice.

It's funny to me that: 1) You know so little about campaigns that you don't realize that publications and networks coordinating with campaigns in this exact manner is a standard practice (and that Trump is far less open with the press than Clinton has been over the last several months), and 2) that any Trump supporter could have the absolute total lack of self-awareness to whine about a candidate in a debate interjecting. Kaine's not just going to sit at a table and let Pence deny reality because that'd be really convenient for the Trump-Pence ticket; he's not bending down to moan "wrong" into his mic every time his opponent speaks.



This is silly though: people physically can't hold politicians accountable when you literally have incontrovertible proof that Trump, not just people like Trump but Trump himself as an individual, bribes them. He bribed Pam Bondi just like he bribed a dozen other AGs that his company has businesses before; he donated 10x the legal limit to Crist. When you've got the money like he does, and Sheldon Adelson and Art Pope do (best two examples), you can buy incumbents who can draw their own lines, keep themselves in power, and then voters physically can't hold them accountable for anything.

As a matter of basic fact, Clinton did vote against the loophole that Trump's taken advantage of when she was in the Senate. It wouldn't have prevented him from scamming the country 8 years earlier because she doesn't have a time machine, and it's not one Senator or even 100 Senators' responsibility to prevent a scumbag from doing scummy things when that scumbag is asking the country for their vote; it really is on that person to control their own behavior.

Trump's not using deductions, he's using loopholes. He's spending tens of millions on accountants so that he doesn't have to pay billions. Average Americans don't have that option.

Interesting to see you didn't deny Kaine's sexism. Yesterday he decided to blame his debate performance on being Irish. #racist

Net Operating Loss is not a loophole. Its right there in the tax code. Firms and individuals in all different industries use it. https://www.irs.gov/publications/p536/ar02.html
Individuals who sell stocks for a loss can carryover this loss to reduce their investment income in subsequent periods. Loophole??????
For some reason Hillary (C)linton used a NOL. Why is she using the same 'loophole' as the big bad orange man?
bad bad 0-3

obligatory: thanks for yet another fucking laugh!

This post was edited by excellence on Oct 6 2016 02:05pm

So just cherry picking the list, but, Trump worth around 5 billion today, likely less considerably in 95-96. He lost like 1/4 to 1/3 of his worth in net operating loss.

So if we take a ballpark number of both Gates and Buffet at 100B$ net worth a piece, they'd have to lose 30 billion dollars. And buffet is a self styled risky investor at times, so im sure that loss doesn't shoch anyone. I'd assume the same applies to Zuckerberg, but with the added component of his losses having a potential humanitarian angle, facebook has made risky investments that he's spun as that in the past.

zucker actually went from 19.8b to 11.9b those numbers aren't exactly accurate tbh

http://money.cnn.com/2012/07/27/technology/zuckerberg-net-worth/

This post was edited by majorblood on Oct 6 2016 02:10pm

Damn, and today right around 55B$ net worth, now there's a bounceback.

That's because I'm a competent individual, and there's no reason to entertain such a nonsensical charge just because the Trump campaign is moronic enough to raise it. The same philosophy applies to Ted Cruz not needing to deny that his father didn't murder JFK; just because the Trump people are stupid enough to spew a bunch of bullshit and people like you are stupid enough regurgitate it diligently doesn't mean competent individuals need to both refuting it. Not every charge needs to be rebutted; a lot of the charges they raise are simply laughed off as they should be.

Trump uses loopholes in the tax code. That's a basic fact. His mere usage of the NOL to carry his losses forward is clearly not the only choice he's making wrt to how he's declaring, but a single decision in a larger strategy of tax avoidance that's pursued by accounts who he has hired specifically to complete that objective. I don't know why anyone would bother contending otherwise.