Duffy wrote:
Ok fine. Trump stole a billion dollars and got away with it. Impeach!
Way to leave all that gray area completely untouched. Congrats.
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Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [Duffy]
[ In reply to ]
Impeach!
Way to leave all that gray area completely untouched. Congrats.
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [patentattorney]
[ In reply to ]
This supports my general conclusion. Trump created a long runway of losses - perfectly legally perhaps - so he could avoid a capital gains hit on the sale of his father's estate which had artificially low basis to avoid estate tax.
I just reread the first article: his fathers estate assets were valued at $41.4M in 1997 but sold for ~$620M.
I just reread the first article: his fathers estate assets were valued at $41.4M in 1997 but sold for ~$620M.
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [BarryP]
[ In reply to ]
BarryP wrote:
Quote:
I think he won because in this two-party system, the other party nominated one of the least likable candidates in recent history.I don't disagree with this statement.
But how did he get the nomination in the first place? He ran against 19 other Republicans, and the party chose him over all of them. Look, I get it. They didn't actually vote for him because they thought he was great at business. They voted for him for the same reason why people voted for Jesse the Body Ventura. Because he's an outrageous celebrity and people are dumb.
But part of his celebrity persona is that he's an amazing businessman. They didn't vote for him because he's an amazing businessman. They voted for him because he's the guy on TV, and he's the guy on TV because he fooled people into thinking he was an amazing businessman.
He got the nomination, in part, because it was clear Hillary was going to get the other nomination and the other candidates wouldn't have attacked her the way he did. That resonated with people, especially Republicans, after years of candidates that never fought back. (Romney as an example).
And I don't understand your last point. Losses don't not mean he's not a great businessman. The guy is wealthy and has had well documented losses but he's also recovered from them to re-build wealth. Does losses in a period of your business life disqualify you from being a great businessman?
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [ajthomas]
[ In reply to ]
Oh i completely agree. But this makes much more sense (using inventors money as a way to get take deductions) vs. having massive depreciation of assets while showing no gains.
It also makes sense why he would take the loses and not his dad.
It also makes sense why he would take the loses and not his dad.
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [Uncle Arqyle]
[ In reply to ]
Okay, i'll try one last time. Do you think if you removed the perception that DJT is a billionaire because he made lots of money through his business dealings that he would still be president?
When he says, "I'm the best at everything, I'll get the best negotiators, and I'll fix healthcare because its so easy," that people would buy into it without the perception that he's a billionaire who made lots of money through his business dealings?
Bottom line is, if you removed that, he's just a narcissistic asshole who talks a lot of shit and can't back it up. People don't generally vote for that guy.
He got the nomination, in part, because it was clear Hillary was going to get the other nomination and the other candidates wouldn't have attacked her the way he did. That resonated with people, especially Republicans, after years of candidates that never fought back. (Romney as an example).
-----------------------------Baron Von Speedypants
-----------------------------RunTraining articles here:
http://forum.slowtwitch.com/...runtraining;#1612485
When he says, "I'm the best at everything, I'll get the best negotiators, and I'll fix healthcare because its so easy," that people would buy into it without the perception that he's a billionaire who made lots of money through his business dealings?
Bottom line is, if you removed that, he's just a narcissistic asshole who talks a lot of shit and can't back it up. People don't generally vote for that guy.
Quote:
He got the nomination, in part, because it was clear Hillary was going to get the other nomination and the other candidates wouldn't have attacked her the way he did. That resonated with people, especially Republicans, after years of candidates that never fought back. (Romney as an example).
-----------------------------Baron Von Speedypants
-----------------------------RunTraining articles here:
http://forum.slowtwitch.com/...runtraining;#1612485
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [chaparral]
[ In reply to ]
Well he was most certainly audited and I’m not aware of any tax fraud charges stemming from this.
Why do you assume that?
Duffy and a few others here are still desperately trying to defend Trump and that's the best they can come up with.
They don't support Trump though, of course but...
Why do you assume that?
Duffy and a few others here are still desperately trying to defend Trump and that's the best they can come up with.
They don't support Trump though, of course but...
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [BarryP]
[ In reply to ]
BarryP wrote:
Okay, i'll try one last time. Do you think if you removed the perception that DJT is a billionaire because he made lots of money through his business dealings that he would still be president? When he says, "I'm the best at everything, I'll get the best negotiators, and I'll fix healthcare because its so easy," that people would buy into it without the perception that he's a billionaire who made lots of money through his business dealings?
Bottom line is, if you removed that, he's just a narcissistic asshole who talks a lot of shit and can't back it up. People don't generally vote for that guy.
Quote:
He got the nomination, in part, because it was clear Hillary was going to get the other nomination and the other candidates wouldn't have attacked her the way he did. That resonated with people, especially Republicans, after years of candidates that never fought back. (Romney as an example).
I think if you removed his wealth and business dealings he wouldn't be a celebrity and in turn wouldn't have been nominated, but you could say if Hillary didn't marry Bill she wouldn't have won a nomination either. What's the point?
Bottom line: I don't believe his wealth or business dealings were an influencer in people voting for him, him being a narcissistic asshole probably played more of a role, though.
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [windywave]
[ In reply to ]
windywave wrote:
North wrote:
Who the fuck goes broke in the casino business, where the house always wins? .Caesar's did a few years ago. You know the giant company in Vegas.
Yeh, North needs a little education in the casino business. Every casino in Atlantic City has gone bankrupt at some time or another.
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [patentattorney]
[ In reply to ]
Also from the NYT they dubbed Trump the "Come back Kid " https://www.nytimes.com/...e-comeback-king.html Effective leadership is an ethereal thing. It involves a coalescence of attributes that are primarily social but also involve focus, energy, drive will and intelligence. Simply dismissing Trump as an ignorant buffoon rings hollow to people that simply don't hate him the way people reflexively hate people for their personality and affect or political affiliation. People that don't have that mindset don't immediately dismiss him as an effective leader. As a military metaphor he is like Patton. The people that hated Patton at the time are the people that would likely support Omar Bradley... because that is what a general should be and that stupid, fouled mouth brute that slapped the soldier and is reckless should have been relieved of command. Yet the movie is made about Patton and his last name suffices for recognition while many would need to google Omar Bradley's name. That is a big part of the Trump phenomena but he has the burden to produce results of importance to the American people to constantly prove himself or he will be thrown into the wood chipper.
Re: With the release of trump's tax returns from 80-90's, how did his tax scheme actually work? [NormM]
[ In reply to ]
NormM wrote:
Also from the NYT they dubbed Trump the "Come back Kid " https://www.nytimes.com/...e-comeback-king.html Effective leadership is an ethereal thing. It involves a coalescence of attributes that are primarily social but also involve focus, energy, drive will and intelligence. Simply dismissing Trump as an ignorant buffoon rings hollow to people that simply don't hate him the way people reflexively hate people for their personality and affect or political affiliation. People that don't have that mindset don't immediately dismiss him as an effective leader. As a military metaphor he is like Patton. The people that hated Patton at the time are the people that would likely support Omar Bradley... because that is what a general should be and that stupid, fouled mouth brute that slapped the soldier and is reckless should have been relieved of command. Yet the movie is made about Patton and his last name suffices for recognition while many would need to google Omar Bradley's name. That is a big part of the Trump phenomena but he has the burden to produce results of importance to the American people to constantly prove himself or he will be thrown into the wood chipper. Patton must be turning in his grave right now being compared to private bonespurs.