Trump tax returns released, and no one is surprised that he was doing tax avoidence

[crueI]

Remember the last 6 years, the media was telling you that there was proof of Trump's Russia ties in his tax returns? They pushed this narrative at the instruction of the FBI.



Now his tax returns have been released, and they are all silent. His net worth decreased during his presidency. No Russian ties. No wrongdoing. Everything above the board. "But he used loopholes to avoid paying certain taxes," is an absurd rebuttal. Everyone who has their taxes done by a tax services/tax attorneys does so to use loopholes in order to avoid paying taxes they otherwise should.

Make no mistake.
We've been in the middle of a 5th Generation warfare operation since 2019.
The largest in human history.

 

[Xzi]

The tax avoidance spiel is always mind-numbing to me. The entire point of “paying taxes” is to calculate and pay the exact amount owed. If someone qualifies for a deduction, or is entitled to offset losses from previous years against the gains in the current tax year, they absolutely should. You should *always* pay the *minimum amount*, if you pay more than that, or fail to take advantage of those opportunities, you are *overpaying*. It is no different than paying double for a burger and not collecting your change - you’re entitled to that change, it’s your money.

A supposed billionaire paying less in taxes than McDonald's employees is not how the system is meant to work, and it's a big red flag that his tax lawyers are manipulating the numbers in his favor. The only reason these weren't audited the second they were submitted is because Republicans have been depriving the IRS of the resources it needs to go after whales for decades. Just another roundabout way of attacking and putting a greater burden on the working class.

Ultimately Trump never would've been elected at all had these been made public prior to or during the debates, which proves the need to make disclosure required by law.

 

[LainaGabranth]

A supposed billionaire paying less in taxes than McDonald's employees is not how the system is meant to work, and it's a big red flag that his tax lawyers are manipulating the numbers in his favor. The only reason these weren't audited the second they were submitted is because Republicans have been depriving the IRS of the resources it needs to go after whales for decades. Just another roundabout way of attacking and putting a greater burden on the working class.

Republicans? Loving tax fraud and corruption? Unthinkable! This never happens!

 

[Viri]

Other than that, tensions are still high, TikTok might get banned...etc.

The US dropped the ball on that one. When Trump tried to ban in back in 2020, it should have honestly been bi-partisan. India already banned it for good reason. I remember Microsoft simping for TikTok back then.

 

[LainaGabranth]

The US dropped the ball on that one. When Trump tried to ban in back in 2020, it should have honestly been bi-partisan. India already banned it for good reason. I remember Microsoft simping for TikTok back then.

I dunno, I think it's not the government's job to police what media platforms can and can't be in a country. Like, I get the only reason you care about it is because you're an authoritarian who wants the government to run shit when it's your government and all, but some of us actually have moral values and the like. Banning TikTok is a bandaid issue to fix social problems. People have done moronic shit since the beginning of time for validation and attention.

 

[TraderPatTX]

A supposed billionaire paying less in taxes than McDonald's employees is not how the system is meant to work, and it's a big red flag that his tax lawyers are manipulating the numbers in his favor. The only reason these weren't audited the second they were submitted is because Republicans have been depriving the IRS of the resources it needs to go after whales for decades. Just another roundabout way of attacking and putting a greater burden on the working class.

Ultimately Trump never would've been elected at all had these been made public prior to or during the debates, which proves the need to make disclosure required by law.

Actually, that is how the system works because of laws passed by the uniparty to protect their billionaire donors. If anything illegal was done, charges would be filed, but we don't see that. Trump's accountants followed the law and instead of being mad at the uniparty for passing those laws, you are mad at an individual who hires people to take advantage of those laws.

I notice that the Dems didn't even try to repeal any of the tax cuts for the rich over the past 2 years, but have no problems letting tax cuts for the poor and middle class expire and actually raise our energy taxes.

Cope and seethe harder.

 

[Xzi]

Actually, that is how the system works because of laws passed by the uniparty to protect their billionaire donors. If anything illegal was done, charges would be filed, but we don't see that. Trump's accountants followed the law and instead of being mad at the uniparty for passing those laws, you are mad at an individual who hires people to take advantage of those laws.

You mean the laws that were passed at the behest of all the lobbyists sent to DC by billionaires? Yeah, they're still deserving of the vast majority of the blame, your own bootlicking notwithstanding.

 

[TraderPatTX]

You mean the laws that were passed at the behest of all the lobbyists sent to DC by billionaires? Yeah, they're still deserving of the vast majority of the blame, your own bootlicking notwithstanding.

I think we just agreed on something?

Did you see my thread where I stated that I think lobbying should be illegal?

Not sure why you would insult me after agreeing with me. Might be because you are unhinged? Who knows?

 

[Xzi]

I think we just agreed on something?

Not at all, as you're trying to deflect all blame away from the people and corporations who hire lobbyists in the first place. They're a symptom of a much larger disease. A better starting point would be repealing Citizens United, which conflates money in politics with speech.

 

[TraderPatTX]

Not at all, as you're trying to deflect all blame away from the people and corporations who hire lobbyists in the first place. They're a symptom of a much larger disease. A better starting point would be repealing Citizens United, which conflates money in politics with speech.

I feel like I'm taking crazy pills because we are in complete agreement here and you are still trying to disagree with me. Just accept that you have found common ground with an accused racist, sexist, transphobe, fascist nazi and call it a day.

Welcome to the dark side, buddy-friend.

 

[Xzi]

I feel like I'm taking crazy pills because we are in complete agreement here and you are still trying to disagree with me. Just accept that you have found common ground with an accused racist, sexist, transphobe, fascist nazi and call it a day.

Welcome to the dark side, buddy-friend.

Either you're full of shit or you've done a complete 180 in the last couple days, because I'm more or less saying that capitalism is the root of the problem here. Billionaires just plain should not exist, let alone have the kind of influence that they do over government.

Trump, Musk, Buffett, and all the rest are leeches, a massive drain on society. If you can agree with that, then sure, we're on the same page.

 

[TraderPatTX]

Either you're full of shit or you've done a complete 180 in the last couple days, because I'm more or less saying that capitalism is the root of the problem here. Billionaires just plain should not exist, let alone have the kind of influence that they do over government.

Trump, Musk, Buffett, and all the rest are leeches, a massive drain on society. If you can agree with that, then sure, we're on the same page.

You are changing the argument now. We were talking about how the tax code, passed by the uniparty over the decades is full of loopholes. Then we migrated over to the evils of lobbyists and the need to reverse the Citizens United decision. We are in full agreement on all of those topics. Why do you want to ruin a good time?

Let's take the win and go have a beer.

 

[Xzi]

You are changing the argument now. We were talking about how the tax code, passed by the uniparty over the decades is full of loopholes. Then we migrated over to the evils of lobbyists and the need to reverse the Citizens United decision. We are in full agreement on all of those topics. Why do you want to ruin a good time?

Let's take the win and go have a beer.

The tax code is a loophole-filled mess because billionaires and corporations want it to be, simple as that. Rolling it back to a time before they lobbied to have it rigged in their favor would also mean going back to a time before billionaires, when the top tax bracket was 70% to 90%. It's not a coincidence that those were also the decades when America's middle class thrived the most.

 

[mrmagicm]

From a foreigner vision like me :
Wow, is trying to get minimum tax= Tax avoidance illegal is Usa?
For a man hated by at least 40% of the country, I would say it's very risky if he did that! Specially, he was already rich before, did he become president for that? I think no, he did it for Fame.

 

[TraderPatTX]

The tax code is a loophole-filled mess because billionaires and corporations want it to be, simple as that. Rolling it back to a time before they lobbied to have it rigged in their favor would also mean going back to a time before billionaires, when the top tax bracket was 70% to 90%. It's not a coincidence that those were also the decades when America's middle class thrived the most.

Who are these billionaires and corporations lobbying? They have to lobby somebody. Who passes laws here? What governing body has been passing loopholes, then campaign to close those loopholes, and then do nothing about said loopholes?

Don't ruin this bro-ment we are having. Just sit back, relax and accept that you agree with me.

Post automatically merged: Jan 5, 2023

From a foreigner vision like me :
Wow, is trying to get minimum tax= Tax avoidance illegal is Usa?
For a man hated by at least 40% of the country, I would say it's very risky if he did that! Specially, he was already rich before, did he become president for that? I think no, he did it for Fame.

Trump was already famous before becoming president. He was well liked by 80%+ of the country. Rappers made songs about him. He had a very successful TV show. He was in movies. You might want to rethink your premise.

 

[Foxi4]

A supposed billionaire paying less in taxes than McDonald's employees is not how the system is meant to work (…)

That’s where you’re wrong, kiddo.

 

[Xzi]

That’s where you’re wrong, kiddo.

Clearly I'm not, it's a massive component of America's decline over the last few decades. For that matter, two-tiered societies were the very first to fail in human history.

 

[TraderPatTX]

Clearly I'm not, it's a massive component of America's decline over the last few decades. For that matter, two-tiered societies were the very first to fail in human history.

You ain't wrong. Every part of our society is two-tiered. Especially justice. Bankman-Fried stole billions of dollars and he's on house arrest. If we go rob a convenience store of a few hundred dollars, we'd be locked up until trial.

 

[Foxi4]

Clearly I'm not, it's a massive component of America's decline over the last few decades. For that matter, two-tiered societies were the very first to fail in human history.

It’s working as intended, by which I mean that those exceptions, deductions and offsets are intentional and legal. It’s the government’s way of encouraging otherwise risky investments - if you trip along the way, it’s not that you’re “not paying taxes”, you are offsetting your loss against what you would’ve paid otherwise. It’s also never going to go away because the major political parties are primarily financed by the same people who are using those regulations to their advantage. Tough break, I suppose. If I had a multi-million investment that went sideways, I’d be doing the exact same thing.

 

[Xzi]

It’s working as intended, by which I mean that those exceptions, deductions and offsets are intentional and legal.

It's not legal to turn a profit and then claim nonexistent losses, which is how the vast majority of wealthy individuals and corporations operate in the modern day. They're never worried about the legality of it to begin with, however, as they know they'll never be audited.

Even pretending for a moment that the losses claimed are legitimate, the whole thing reeks of failing one's way to the top, which is not indicative of a healthy economic model. Completely unsurprising then that we're subjected to a massive crash at least once a decade now, as billionaires are the proverbial bulls in a china shop.