Let's just focus on the question of the taxes he paid, because there's several other issues at play here.

Here's how I see a right-wing populist, not a member of a personality cult, responding to this information:

"President Trump, you took advantage of our tax system in order to pay little or no taxes for several years. You promised to represent the little guy, to drain the swamp, to hold the rich and well-connected accountable. What are you going to do to ensure people like yourself pay a reasonable tax rate? And why did you not address this in the tax reform bill passed in 2017?"

It seems like you guys are suddenly picking up the "country club, Chamber of Commerce Republican" mantle and pretending you haven't been posing as right-wing populists the last few years.

yeah i got all that, and yes you can do that just make sure your accountant is top notch! also I think you have to show a profit within 5 years or shut it down something like that, because then its not gonna be deemed a true business. this taxavle income reduction you mentioned a basic form of what every company in the world does with subsidiaries etc. when i used to do some 1099 work aged ago i was amazed what businesses expenses ended up being used. i mean this accountant thought of everything and the kitchen sink!

interestingly enough with a lot of home offices now due to companies shifting to a remote basis, there will be a sizable increase in tax offsets from home offices and you dont even need to go the llc route, although it is probably wiser to do so.

Ding ding ding

It is easier to dodge taxes right now than any other point in American history

Nope, after X years you declare your LLC bankrupt and start a new one. Home offices are just a small part of what you can deduct. You can deduct a lot mate lol

This post was edited by Bazi on Sep 28 2020 08:38am

Listen, Trump is a rich person and like all rich people they have good accountants that can finagle to always preserve that wealth. So far I haven't heard any unique accusation against him that other people don't do on the regular.

If he committed fraud he should be exposed and it should be public. But what I'm seeing is just framing things in a way for people who have a really basic understanding of taxes to inspire outrage 2 months before an election.

In which case we're back to this, where you guys just leave out that one of Trump's promises is that he wanted to fix that kind of system but only made it worse with the 2017 tax law.

It's almost like Trump is just a regular politician who runs on promises with no intention of keeping them because he benefits from the system as it currently exists.

https://archive.vn/Je2dv

The New York Times just reported:

Mr. Trump harvested that refund bonanza by declaring huge business losses — a total of $1.4 billion from his core businesses for 2008 and 2009 — that tax laws had prevented him from using in prior years.

But to turn that long arc of failure into a giant refund check, he relied on some deft accounting footwork and an unwitting gift from an unlikely source — Mr. Obama.

Business losses can work like a tax-avoidance coupon: A dollar lost on one business reduces a dollar of taxable income from elsewhere. The types and amounts of income that can be used in a given year vary, depending on an owner’s tax status. But some losses can be saved for later use, or even used to request a refund on taxes paid in a prior year.

Until 2009, those coupons could be used to wipe away taxes going back only two years. But that November, the window was more than doubled by a little-noticed provision in a bill Mr. Obama signed as part of the Great Recession recovery effort. Now business owners could request full refunds of taxes paid in the prior four years, and 50 percent of those from the year before that.

Thanks Obama! *LAUGH OUT LOUD*

Homie nobody is saying Obama is a saint, least of all me. I voted for Romney in round 2 lol.

This does not excuse the status quo and tax reform that took place a decade later

Yep, mostly the same as other politicians. Curious why are you only holding Trump responsible and not congress, many of them who spent decades in congress and actually have had unlimited opportunities to change tax law. You do know that congress is responsible for creating/changing laws right?

Finally we got here after however long it took

At minimum trump apologists have to accept that his election rhetoric was, just that , only words

I am definitely not making excuses for Congress. Our entire system is corrupt and favors more corrupt. These guys are all in bed together while having pretend arguments about abortion. It’s like arguing about taking your socks off during sex. You’re still agreeing to jack each other off. At the end of the day no senator donkey or elephant is gonna do anything to compromise their personal net worth.

The Republican Party is just more coordinated and awkwardly more transparent about how they fuck the American public.

This post was edited by Bazi on Sep 28 2020 08:58am