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Started By
Message
re: BOMBSHELL by the NYT has dropped
Posted on 10/31/20 at 12:00 pm to NashvilleTider
Posted on 10/31/20 at 12:00 pm to NashvilleTider
I shaved my balls,
for this?
for this?
0
Posted on 10/31/20 at 12:01 pm to Hangit
Well yeah... that’s why they dropped it today.
Posted on 10/31/20 at 12:01 pm to NashvilleTider
Has anyone checked the metadata on the tax returns?
Posted on 10/31/20 at 12:01 pm to NashvilleTider
Trump followed the tax code!!!
They got him now.
They got him now.
Posted on 10/31/20 at 12:03 pm to CleverUserName
quote:
So called?? It’s not “so called”. It’s a valid expense that’s taken by practically everyone with a business.
Depreciation is REQUIRED to be taken. Recapture will apply whether you take it or not.
Posted on 10/31/20 at 12:05 pm to NashvilleTider
how is that even a story
Posted on 10/31/20 at 12:08 pm to NashvilleTider
What a popcorn fart.
"Smart guy takes advantage of perfectly legal tax law"
"Smart guy takes advantage of perfectly legal tax law"
Posted on 10/31/20 at 12:09 pm to NashvilleTider
quote:
"President Trump’s tax records obtained by The New York Times show that so-called depreciation losses and other tax breaks for the real estate industry embedded in federal tax law for a century helped reduce Trump’s income taxes."
That's really it?
Posted on 10/31/20 at 12:09 pm to NashvilleTider
NYT: Trump follows laws to pay less taxes.
Posted on 10/31/20 at 12:11 pm to NashvilleTider
HOLY shite!!!! HE FOLLOWED TAX LAW TO HIS ADVANTAGE???? Well this makes having a pedofile son that that used the office of the vice president to make millions with foreign adversaries look like CHILDS PLAY!
Posted on 10/31/20 at 12:12 pm to BrohemAlem11
See why twitter released the Posts account.
Do they would not have to block the Times today.
Do they would not have to block the Times today.
Posted on 10/31/20 at 12:17 pm to NashvilleTider
I imagine Lil Wayne will withdraw his endorsement now
Posted on 10/31/20 at 12:17 pm to NashvilleTider
This is the Bee, right?
Posted on 10/31/20 at 12:17 pm to NashvilleTider
Is this supposed to be an "October surprise?"
Posted on 10/31/20 at 12:19 pm to NashvilleTider
So-called depreciation losses?
Do they understand what depreciation is?
Do they understand what depreciation is?Posted on 10/31/20 at 12:21 pm to NashvilleTider
Archived link if you don't want to give NYT your clicks
It must have been those evil Republicans who brought back those tax breaks. . .
From google:
It must have been those evil Republicans who brought back those tax breaks. . .
quote:
(Photo caption) - President Bill Clinton in 1993 after he signed a law that restored tax breaks for the real estate industry.Credit...Marcy Nighswander/Associated Press
In 1993 Congress restored those breaks. At the same time, it carved out another advantage for the real estate industry. For most businesses, canceled or forgiven debts had to be recognized as income. Real estate investors for the most part got a pass, though they had to relinquish some future deductions. Mr. Trump has benefited from those rules, such as when his lenders canceled about $270 million of debt on his Chicago skyscraper, his tax records show.
From google:
quote:
103rd United States Congress - Wikipedia
en.wikipedia.org › wiki › 103rd_United_States_Congress
The 103rd United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from January 3, 1993, to January 3, 1995, during ...
House Majority: Democratic
Senate Majority: Democratic
House Speaker: Tom Foley (?D?)?
Senate President pro tem: Robert Byrd (?D?)?
This post was edited on 10/31/20 at 12:32 pm
Posted on 10/31/20 at 12:22 pm to NashvilleTider
Wait!!!!!!!
You mean that Donald Trump took advantage of a provision in the tax code allowed by said tax code?
THE HORROR.......almost as bad as watching a snail along a razor's edge.
You mean that Donald Trump took advantage of a provision in the tax code allowed by said tax code?
THE HORROR.......almost as bad as watching a snail along a razor's edge.
This post was edited on 10/31/20 at 12:23 pm
Posted on 10/31/20 at 12:22 pm to NashvilleTider
quote:I can guaran-fricking-tee you that there is not a single soul at the NYT who has the slightest clue on how to dissect Trump’s tax return, if they have them at all. You’d need a hand truck to move the paper if it was all printed out.
so-called depreciation losses
Posted on 10/31/20 at 12:22 pm to NashvilleTider
Stupid if you know anything about taxes but kinda smart on their part, most are clueless about taxes for businesses so Dems and their allies in the media can run with this to promote OMB.
Posted on 10/31/20 at 12:23 pm to Tantal
quote:
So, he used what legal tools were available to reduce his taxable income?
Im sure his tax attorney is well paid.
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