Trumps tax returns show he paid NO taxes in 2020, committee says

we will see, we know his business was just found guilty

 

Man trump appointed a judge who said they can. Who knew you were more a legal expert than him!

 

YES!!!!!!!!!!!!!!!!!!!!!!!!!!! The man is living a life of luxury and still taking advantage of the goods and services paid for BY US!!!! He is still being protecting by the police and military. Still using our roads. His house is still served by the fire department. His private jets are still guided by our air traffic controllers. Pay your f**king bill, loser! It ought to be criminal for trumps secretary to pay more tax than he does.

And yes, this goes for Bezos, Musk, Buffett, and any other ultra rich free loader taking advantage of the tax code while living in their ivory mansions.
The tax code needs to be revised. Or completely rewritten.

 

Wow... you sound very jealous of achievers... very jealous of folks that have done more than you with the same opportunities.

 

LOL do I? I pay LOTS of tax and it will continue to piss me off when someone with orders of magnitude more money, assets, and leverage pay less that I do for services we all use. that's not jealousy, my silly trumper, that's outrage.

 

I'm solid middle class. I have no problem with poorer people paying less taxes than I do using the same roads I do... having the same Police Department I do... having the same Fire Department I do... or using the same bridges I do. What's the problem?

 

Nor do I. Did you have a point with this?
I wonder, would the poor have a problem if they were paying more tax than you to use the roads?

 

The poor would have a lot less problems if hey finished school or got a trade and made decent money.

 

The homeless live in shelters payed for by us, protected by all the same services you mentioned, free food and goods supplied by the same roadways, and everything else. How much should they be forced to pay?

the tax code accounts for losses as part of an incentive to keep money flow and investment moving. He shouldn’t have to pay taxes on a loss. It’s moronic to claim otherwise. Other people benefited from his loss. That money flow to other services that equates to that loss would have otherwise been stalled in a bank and contributed almost zero to the economy.

The greed you express is dishonest at its root.

 

Poverty should not be bearable. It should hurt from hunger. It should shiver from cold. It should be unbearable. That's what drove my ancestors to leave their homelands and seek better opportunity in America. Discomfort should drive today's poor back to school for education or learning a trade to get a good job.

 

I have not read any ruling where a judge ever said that. I have even not heard of any recent court case where this law was a part. Can you provide a cite??

 

Into the eggnog already? Do you see the difference between a homeless person and a billionaire not paying any taxes?

Which is my point. The tax code needs to be fixed. If they can afford servants, limos, yachts, and private jets then you can afford to help pay for the society they benefit from. It's MORONIC to claim otherwise. And you call me greedy? LOL.

 

Judge Trevor McFadden of the U.S. District Court for the District of Columbia reached the same conclusion in his December 2021 decision rejecting Trump’s bid to block the IRS from releasing his returns. “It might not be right or wise to publish the returns,” McFadden wrote, but the House Ways and Means Committee has the “right to do so.”

 

Now that’s the biggest pile of crap I have ever heard. It’s moronic to hold a position that taxes are owed on losses. It’s also moronic to target fellow Americans just cause they had a good idea and can now afford those things you so obviously envy to a fault.

 

FFS, it doesn't have anything to do with envy. It has to do with fairness. The biggest pile of crap is to claim that the richest .01% of our society should EVER not have to pay. So they took a loss, don't call it a tax call it a bill.
If your net worth is above some threshold there should be NO scenario where you don't pay something. I can't understand why some people, the right especially, demand to be useful idiots for the elite. It boggles my mind.

 

Fairness is a percentage tax on profits, not a tax on lifestyle. A tax on lifestyle is exactly what communism and socialism is all about. Socialists are the most greedy people this world has to offer. They make Trump look like a saint

 

How so?
Please explain.

 

Like one Trump hater on this thread posted, "We shall see if Trump is guilty due to his tax returns (but I'm sure the violation is there)."

 

It’s absolutely envy. Envy is a terrible trait.

 

One of the primary benefits of being a real estate investor is that you get to deduct the depreciation of your assets every year. It’s a major benefit in the tax code that allows you to offset a large chunk of taxes. Every real estate mogul does the same. It’s legal. And, it’s not a sign of being a “tax fraud.”

I have no idea why you’re talking about abortion or January 6 in this thread. Do you?

 

Thanks. You are correct that the judge said that. I find that terribly surprising and disconcerting since every paragraph in (f) of the law where it describes the handling of tax returns by the primary committees, other committees that may get tax returns, including the full House or full Senate has the phrase "except that any return or return information which can be associated with, or otherwise identify, directly or indirectly, a particular taxpayer, shall be furnished to the [committee,. agent, staff} Senate or the House of Representatives only when sitting in closed executive session unless such taxpayer otherwise consents in writing to such disclosure." Only in executive closed sessions clearly means no outside disclosure or publication.

I found something else curious and surprising in looking at the actual court case you cited. The House was quite open, unabashed and blatant that they were not wanting Trump's tax returns for legislative purposes -- the only reason congress can legally obtain anything -- but to look for criminal wrong doing and expose any suspected wrong doing to the public for the sole purpose of castigating a political foe. It is obvious McFadden made a complete horrible mess of a court ruling.

 

You point out the obvious flaw in the Judge's ruling. But nobody on the left cares because they don't really care about the damage it does to Democracy.

 

What we have, by constitutional amendment is an income tax which is administered yearly. If a person or entity has no income or a negative income in any given year there is no logical or constitutional reason to make him/her/it pay an income tax on his no income, even if he/she/it has a million dollars in the bank. We cannot legally or constitutionally tax wealth at the federal level. (Someone should tell Sen. Warren.)

 

We've already seen. Ways and Means had his taxes and didn't find anything.

All that drama for nothing...lol

 

Trump's president salary was $400,000. He wrote off $400,000.

How much should he have to pay, anyway?