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Trump- zero taxes paid in 2020.

Threegoofs said:
When you’re a celebrity, you can do anything…



View attachment 67428015

Unlocked NYT story for y’all:
www.nytimes.com

Trump Paid $1.1 Million in Taxes During Presidency, but $0 in 2020, Report Shows (Published 2022)

The former president reported a burst of income after entering the Oval Office, but by the end of his term, his tax filings had reverted to large losses, according to data released by a House panel.
www.nytimes.com www.nytimes.com
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After the screwy left got a look at Trump's taxes. They all got the sads!
One more BIG fail for the incompetent dog and pony show congress.


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theconservativetreehouse.com

The Holy Grail Quest for President Trump's Tax Returns Ends with the World's Loudest Sad Trombone - The Last Refuge

For seven years the media have walked the American people through a journey to publicize President Donald J Trump’s tax returns, using phrases like “bigger than Watergate.” Promising, almost daily, the results of their quest would be “the beginning of the end” of Trump. Thousands of hours of...
theconservativetreehouse.com theconservativetreehouse.com
 
mike2810 said:
never said there was. If you read some of my earlier post you would know that if people don't like the tax laws they need to get Congress to change the laws.
I have no issue with Trump paying no federal taxes IF the filing information is correct and follows the law.
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Agreed
mike2810 said:
I do have an issue that the IRS did not audit Trump during his Presidency, as per the article.
I also don't like Trump lying to us that he would release his tax filings except he was under irs audit. That was misinformation from Trump. IRS failed to audit him.
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Considering that his returns are no in congressional hands and show no illegalities? Why should you give a shit whether or not he was audited?
 
LetsGoBrandon said:
Agreed

Considering that his returns are no in congressional hands and show no illegalities? Why should you give a shit whether or not he was audited?
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Why I care about the audits.
It is the law that Congress passed way before Trump became President. Take it up with Congress if you do not like the law.
 
mike2810 said:
Why I care about the audits.
It is the law that Congress passed way before Trump became President. Take it up with Congress if you do not like the law.
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If the IRS audit did not take place, that's an IRS failure. Deal with it. And once again, the returns have been checked, in effect audited. What's your reall issue? Hatred of Trump?
 
LetsGoBrandon said:
If the IRS audit did not take place, that's an IRS failure. Deal with it. And once again, the returns have been checked, in effect audited. What's your reall issue? Hatred of Trump?
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- Issue: What caused the IRS to fail to comply with the law and complete yearly audits when Trump was President?
- Issue: not so much with Trump's personal tax filings but the ones of his many business ventures.

I find it funny when someone throws out the "Hatred" card. imo, it means the person using the card has little to offer in real defense of their position.

To be clear. I do not "hate" Trump. Some of his policies I agreed with. imo, he is a grifter.
 
LetsGoBrandon said:
Fine....However why the obsession? He was pretty much cleared on his taxes.
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sigh.
no obsession.
I would bet you post more about Trump than I do.

Seems his organization is not so squeaky clean. Granted. Trump was not "personally" named in this case
www.cnbc.com

Trump Organization convicted in New York criminal tax fraud case

The convictions come weeks after former President Donald Trump declared his candidacy for the White House in the 2024 election.
www.cnbc.com www.cnbc.com

Are you willing to say that Trump had no influence on how his organization is managed?
 
mike2810 said:
Works for me.

Wonder when Congress is going to redo the tax laws to eliminate the bs.
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Never with this Congress.

We the people need to first eliminate the Congress Critters who perpetuate the BS.

But as long as folks are relatively fat, dumb, and happy they don't (won't) care about the IRS laws that allow the BS.
 
Two things I will say about that.

If he didn't cheat this is one prime example of just how screwed up our tax code is.

If he did cheat then he should be prosecuted to the fullest extent of the law.
 
Paradoxical said:
This nuthin burger OP is still going? You folks need to get Trump this bad?

He paid zero taxes because of real estate value losses. Don't like it. Buy some real estate, manage it, paint it, rep[air it, rent it, pay taxes on it, insure it, watch it depreciate. Have fun.
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curious to learn how your own real properties have depreciated in fair market value

or is it possible you have no experience owning real property?
 
Fletch said:
Says the guy who wasnt even a member here until over a year after the event. Maybe educate yourself before smearing other members and calling them traitors
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one did not have to be present at debate politics on january 6, 2021 to recognize that tRump is a traitor to this nation
 
mike2810 said:
"Only one of Donald Trump’s annual federal income tax returns began being audited by the IRS when he served as president, despite the agency having a policy dating to 1977 of conducting mandatory tax examinations of sitting presidents, a House committee said in a new report Tuesday evening.

And that IRS audit of Trump’s 2016 income tax return was not completed by the time he left office in January 2021, the report by the Ways and Means Committee found.
And neither of two Trump-related business entities that the IRS told the committee were part of the mandatory examination program was designated for an audit in five of the six years covered by an investigation, according to the report.

And in that sixth year, in 2017, there is “no indication” the entities’ tax returns were designated for audit, the report found.

he report found that when Trump was in the White House, the IRS failed to designate for mandatory audit Trump’s tax return for 2015, when he was running for president, and then again for the returns filed for the 2017, 2018, 2019 and 2020 tax years.

“The former President’s individual income tax returns filed in 2018, 2019, and 2020 were not selected for examination until after he left office and only the 2016 tax return was subject to a mandatory examination,” the report said.
www.cnbc.com

Only one Trump tax return as president got mandatory IRS audit, report says

A report on Donald Trump's federal income taxes was released after a House panel voted to make public redacted copies of his tax returns.
www.cnbc.com www.cnbc.com

Seems to me the IRS did not follow their own laws/regulations during the Trump Administration.
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wonder who could have been in a political position to make sure those legally required audits did not happen?
 
justabubba said:
one did not have to be present at debate politics on january 6, 2021 to recognize that tRump is a traitor to this nation
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He commented on actions of posters here when he wasnt here to know what they were.
 
I seem to recall seeing every seated POTUS and VPOTUS tax returns except TFG and Pence's. How come?
 
Fletch said:
He commented on actions of posters here when he wasnt here to know what they were.
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which is why i posted what i did to make what should have been obvious apparent to those who did not 'get' it the first time

the debate politics members who are also admirers of their cult leader did not only recently insist tRump was not responsible for the treason of january 6, 2021, they have long held that position

thus, being a member of debate politics for the span of a year, or less, does not change that reality
 
justabubba said:
wonder who could have been in a political position to make sure those legally required audits did not happen?
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Good question.
Could it be someone who was sitting in the West Wing?
 
justabubba said:
curious to learn how your own real properties have depreciated in fair market value

or is it possible you have no experience owning real property?
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There is a depreciation schedule.

Look, don't get MAD, get even. If you want to be rich, buy commercial real estate or rental properties and learn how the game works. STOP this rich envy. It is unbecoming.
 
Paradoxical said:
This nuthin burger OP is still going? You folks need to get Trump this bad?

He paid zero taxes because of real estate value losses. Don't like it. Buy some real estate, manage it, paint it, rep[air it, rent it, pay taxes on it, insure it, watch it depreciate. Have fun.
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If I were sitting on 2B in net worth, I'd prefer to make money but that's just me. In fact, one could get a guaranteed 80M on his money right now instead of playing with paint, insurance and NFT superman tokens.
 
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