[POLITICS] Trump Admits Tax Fraud

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Saelune

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[tweet t=https://twitter.com/realDonaldTrump/status/1126078423816921092]

This is him defending why he is really bad at business, why he lost billions of dollars in his job ventures. HE LITERALLY IS ADMITTING TAX FRAUD!

Trump is guilty of all the things.
 

Neurotic Void Melody

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well there's a suspiciously articulate pair of tweets for his flaccid brain. is this a friendly lawyer's attempt at premeditated defense for something?
 

stroopwafel

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Seems more like business tactic to me. You write new projects off as 'loss' and then re-negotiate a higher loan at the bank. And this doesn't necessarily mean more money for Trump but more money to build and procure new real estate.

Fact is he's still making value: construction jobs and more buildings. Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
 

Saelune

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Neurotic Void Melody said:
well there's a suspiciously articulate pair of tweets for his flaccid brain. is this a friendly lawyer's attempt at premeditated defense for something?
Trump is really good at shitting on Trump.
 

Thaluikhain

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Contemporary with this being released: https://www.bloomberg.com/news/articles/2019-05-06/trump-poverty-line-inflation

More pointing to his incompetence to distract from his malice, or merely a coincidental juxtaposition? You decide.
 

Tireseas_v1legacy

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As someone to assists in the kinds of transactions that real estate developers engage in, yeah, this is a moment he's actually right. Now, the NYTimes likely factors that in in their reporting [https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html?action=click&module=Top%20Stories&pgtype=Homepage] (I do not have the time to review a "Pulitzer Please" investigation piece from the NYTimes, so I can't say for certain), so more likely than not, the losses that were recently reported were well in excess of the real estate practices, especially since that timespan would have covered the disaster of the Trump Taj Majal.

These kinds of real estate reinvestment is kind of par of the course. You make money, then buy a bigger project on credit that you can build/revamp, then sell or rent to cover the loan, then repeat, taking a slice of profits for yourself before repeating, which will show an overall loss.
 

Agema

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Saelune said:
This is him defending why he is really bad at business, why he lost billions of dollars in his job ventures. HE LITERALLY IS ADMITTING TAX FRAUD!

Trump is guilty of all the things.
No, he's admitting to legitimately exploiting shitty tax laws to enrich himself for nothing.

Implicitly, it seems some of those loopholes and schemes have been subsequently closed.
 

Gethsemani_v1legacy

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stroopwafel said:
Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
Except for all those years when the losses he reported in his tax return meant that he didn't have to pay taxes at all, of course.
 

Agema

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stroopwafel said:
Fact is he's still making value: construction jobs and more buildings. Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
Although I can't help but wonder whether a lot of other people gifted over $400 million and a lifetime of oppotrunities by mummy and daddy couldn't have done more, in a less shitty way.

Of course, let's also bear in mind Trump was very good at not paying quite a lot [https://thehill.com/homenews/administration/441463-undocumented-trump-employees-say-they-sometimes-worked-for-no-pay] of his workers. [https://eu.usatoday.com/story/news/politics/elections/2016/06/09/donald-trump-unpaid-bills-republican-president-laswuits/85297274/] Not getting paid kind of removes a lot of the value of having a job...
 

CaitSeith

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Saelune said:
[tweet t=https://twitter.com/realDonaldTrump/status/1126078423816921092]

This is him defending why he is really bad at business, why he lost billions of dollars in his job ventures. HE LITERALLY IS ADMITTING TAX FRAUD!

Trump is guilty of all the things.
Sadly it was legal. It even caused a real state bubble because lots of people were buying houses at a loss just to deduce taxes. Then the tax laws changed and the bubble burst.

He is still calling for tax laws that causes the market to make houses even more unaffordable to average people.
 

stroopwafel

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Gethsemani said:
stroopwafel said:
Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
Except for all those years when the losses he reported in his tax return meant that he didn't have to pay taxes at all, of course.
That's not even true. As is mentioned in the NYT article he still paid 1,4 million in income tax with the buyout of the construction contract of the Taj Mahal fiasco and 124k of alternative minimum tax at a time he was investing at a loss. Credit where credit is due without people like Trump making these huge, risky property investments back in the 80s and early 90s NYC would not be the place to be that it is today.

Agema said:
stroopwafel said:
Fact is he's still making value: construction jobs and more buildings. Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
Although I can't help but wonder whether a lot of other people gifted over $400 million and a lifetime of oppotrunities by mummy and daddy couldn't have done more, in a less shitty way.
Even people born in privilege can do worse than Trump. Bush jr is typical New England elite and he was a stumbling alcoholic who was a disaster in his old man's oil company and didn't find a purpose in life until he 'found the lord', became president and invaded Iraq. Trump atleast build a real estate empire from a family fortune that other rich kids would snort through their nose or live passively from.
 

Lil devils x_v1legacy

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stroopwafel said:
Seems more like business tactic to me. You write new projects off as 'loss' and then re-negotiate a higher loan at the bank. And this doesn't necessarily mean more money for Trump but more money to build and procure new real estate.

Fact is he's still making value: construction jobs and more buildings. Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
He didn't pay taxes when he wrote them off, but even worse the reason why Trump had such a terrible reputation was that he didn't pay the builders, the vendors, the workers and instead took that money and spoiled himself while they had people lose their livelihoods over trusting him. He would pay the down payment and then bully them into not receiving the money they were due. These guys sum up his well known business practices quite well:


This is Trumps business Model. He took these people's money and gilded multiple homes for himself with it and left everyone involved with his projects out to dry. That is also why so many of his former business partners sued him as well. The man repeatedly left tax payers footing the bills for his problems created with his massive bankruptcies and non payments. His "income that he reported" was the money he was supposed to pay all of these other people with. He didn't pay his taxes with his money, he used their money to do it, so no, he did not pay more taxes, all of these people who he short changed did.
 

stroopwafel

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Lil devils x said:
This is Trumps business Model. He took these people's money and gilded multiple homes for himself with it and left everyone involved with his projects out to dry. That is also why so many of his former business partners sued him as well. The man repeatedly left tax payers footing the bills for his problems created with his massive bankruptcies and non payments.
Litigation between business partners is very common and not unusual, espescially with high-risk investments. Ofcourse if he didn't pay his workers or contractors their wage that is very bad practice but I assume Trump was not personally responsible for his company's personnel or invoicing department. Other than that most of it sounds like more hollow accusations. First they tried it with the 'misogynist' card b/c of some off-hand 'grab em by the pussy' remark from decades ago. Then they tried to pin treason on Trump's campaign team by accusing them of having had contact with Russian sources who allegedly leaked Clinton's emails that ostensibly made Trump win the elections(quite a stretch given Hillary Clintons lack of popularity but whatever). Then this ended in some heavily redacted 'not guilty' report. Now it is suddenly Trump's tax figures from over 3 decades ago. It's always something.

Like I said I'm not the biggest Trump supporter but fact remains he was democratically chosen. At this point it does start to look like a concerted smear campaign from the Democrats to bring him down.
 

Saelune

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Never ask 'Is it legal?', ask 'Is it Just?'

It doesn't matter what Trump does is legal or not, anything 'legal' he has done should not be legal, for he is an evil terrorist tyrant, and should be overthrown.

If the law is evil, then fuck the law.

That corrupt business is legal is a failing of Capitalism and Government. Basically, copy/paste the 'Eat the Rich' topic.
 

Saelune

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The US was founded on the idea that 'Outdated laws are unjust and that a government that doesn't change with the times is bad'. Now we are putting this to the test. We can either follow through on these guiding principles, or we should just submit right back to Imperial Authority of the British Crown.
 

Lil devils x_v1legacy

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stroopwafel said:
Lil devils x said:
This is Trumps business Model. He took these people's money and gilded multiple homes for himself with it and left everyone involved with his projects out to dry. That is also why so many of his former business partners sued him as well. The man repeatedly left tax payers footing the bills for his problems created with his massive bankruptcies and non payments.
Litigation between business partners is very common and not unusual, espescially with high-risk investments. Ofcourse if he didn't pay his workers or contractors their wage that is very bad practice but I assume Trump was not personally responsible for his company's personnel or invoicing department. Other than that most of it sounds like more hollow accusations. First they tried it with the 'misogynist' card b/c of some off-hand 'grab em by the pussy' remark from decades ago. Then they tried to pin treason on Trump's campaign team by accusing them of having had contact with Russian sources who allegedly leaked Clinton's emails that ostensibly made Trump win the elections(quite a stretch given Hillary Clintons lack of popularity but whatever). Then this ended in some heavily redacted 'not guilty' report. Now it is suddenly Trump's tax figures from over 3 decades ago. It's always something.

Like I said I'm not the biggest Trump supporter but fact remains he was democratically chosen. At this point it does start to look like a concerted smear campaign from the Democrats to bring him down.
Yes he was personally responsible he was at the desk sitting across from them. Did you even bother watching the videos? Video#1 told you exactly how this went down.
He gave them a downpayment, when it came time to pay, he told them he didn't think he should have to. He sat them down with a ton of his lawyers who told them it was their job to make sure they don't get paid. He bullied and threatened them into complying. IS that how this is supposed to work when you make a deal with someone? Wouldn't that be great if all you had to do is put down a downpayment and then not pay the $100,000 you owe and you get to keep the house anyways? He should be in prison for theft and fraud with the way he conducted his business.

I don't think you have even bothered watching what you are replying to. Trump was directly responsible for this happening to thousands of people.The accusations of sexual assault against trump were not from a remark, he had a case filed against him by his former business partner in the 90's when he tried to rape her in Ivanka's bedroom, The mother of Trump's children testified under oath that he pulled her hair out in a rage and violently raped her, numerous contestants said he assaulted them. His " comment" was simply him bragging about doing thee things to women, not the actual numerous accusations.

You are terribly mistaken on the Russia investigation, if you had actually paid attention to what had happened you would see that Clinton's server was never breached, it was Podesta's and according to the Mueller report the day that Trump publicly asked Russia to hack Clinton they actually tried pretty damn hard to do so. Trump's own son did collaborate with Russia to try to get dirt on Clinton and was working with Wikileaks to obtain illegally obtained documents. Trump's campaign chair was on Russia's payroll according to a ledger in the Ukraine and was paid to help elect the guy who actually gave part of his own country ( Ukraine) to Russia. It doesn't look like you have even familiarized yourself with the material you are trying to argue falsely claiming he was not guilty when Mueller and the people who wrote the report are arguing that Barr misrepresented the report's findings. According to Mueller and his team, the report did not say Trump was not guilty, and I think they would know considering they were the one's who wrote it. Why do you think Trump is trying to prevent Mueller from testifying and refused to allow the Judiciary Committee access to the full report?

If you are going to argue these things, it would help if you actually bothered to review the content.


Do you think that all those people who trump didn't pay are just trying to "smear him"? I am sure they would have much rather been paid. Do you think his former business partner who filed a case in the 90's is just trying to smear him? Ivanna's Court Statement? The Ukraine's Ledger? Trump's son's own admissions and email release? Trumps personal friend and attorney for years? Trumps white house advisers? This isn't about a smear campaign, this about having Trump answer for his very detrimental actions.

It isn't like anyone forced Trump come back from his first meeting with Putin and tell the US public he was handing over US Cybersecurity to Russia until even his own people were like WTH is the matter with you dude? he did all that shat on his own.
 

Gethsemani_v1legacy

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stroopwafel said:
Gethsemani said:
stroopwafel said:
Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
Except for all those years when the losses he reported in his tax return meant that he didn't have to pay taxes at all, of course.
That's not even true. As is mentioned in the NYT article he still paid 1,4 million in income tax with the buyout of the construction contract of the Taj Mahal fiasco and 124k of alternative minimum tax at a time he was investing at a loss.
I love that selective reading you did there. The article specifies that in 8 out of the 10 years they investigated he did not pay any taxes, but you hold on to the two years that he did. That's what we call a Texas Sharpshooter in the logical fallacy business.
 

Abomination

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Gethsemani said:
stroopwafel said:
Gethsemani said:
stroopwafel said:
Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
Except for all those years when the losses he reported in his tax return meant that he didn't have to pay taxes at all, of course.
That's not even true. As is mentioned in the NYT article he still paid 1,4 million in income tax with the buyout of the construction contract of the Taj Mahal fiasco and 124k of alternative minimum tax at a time he was investing at a loss.
I love that selective reading you did there. The article specifies that in 8 out of the 10 years they investigated he did not pay any taxes, but you hold on to the two years that he did. That's what we call a Texas Sharpshooter in the logical fallacy business.
20% of the time he paid taxes 100% of the time.
 

Lil devils x_v1legacy

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Abomination said:
Gethsemani said:
stroopwafel said:
Gethsemani said:
stroopwafel said:
Not the biggest Trump fan but when all is said and done he still paid more taxes than 99% of people.
Except for all those years when the losses he reported in his tax return meant that he didn't have to pay taxes at all, of course.
That's not even true. As is mentioned in the NYT article he still paid 1,4 million in income tax with the buyout of the construction contract of the Taj Mahal fiasco and 124k of alternative minimum tax at a time he was investing at a loss.
I love that selective reading you did there. The article specifies that in 8 out of the 10 years they investigated he did not pay any taxes, but you hold on to the two years that he did. That's what we call a Texas Sharpshooter in the logical fallacy business.
20% of the time he paid taxes 100% of the time.
20% of the time he paid taxes 100% of the time with other people's money

Trump doesn't pay anything with his own money. He was paying off law suits with his fraudulent charity, stealing from a cancer charity to pay for his business expenses, using the money he was supposed to pay his contractors and employees and spending it on himself, of course he didn't pay taxes with his own money. If he had to actually spend his own money he would probably have a heart attack on the spot at the very idea of it.