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Re: Tax returns [Re: yotetrapper30] #7002607
09/28/20 06:07 AM
09/28/20 06:07 AM
Joined: Jul 2012
Posts: 2,184
Nebraska
WadeRyan Offline
trapper
WadeRyan  Offline
trapper

Joined: Jul 2012
Posts: 2,184
Nebraska
James,
I like watching you get people ruffled up. However, your profession has about as low of moral standards as Iíve ever seen. Even beating out methamphetamine fueled roofers. At least they eventually come to their senses when they sober up.

If itís legal in your world itís okay. Unless you can show Trump did something illegal Iíd think any argument you have is null.


Follow me on YouTube if youíre bored

https://www.youtube.com/channel/UC5Ulx1woYMmCN3IPLB0wwFw


Re: Tax returns [Re: yotetrapper30] #7002608
09/28/20 06:08 AM
09/28/20 06:08 AM
Joined: May 2011
Posts: 9,104
Oakland, MS
yotetrapper30 Offline OP
trapper
yotetrapper30  Offline OP
trapper

Joined: May 2011
Posts: 9,104
Oakland, MS
The funny thing is that I'm willing to bet James has written off a suit as a tax expense as well at some point during his time as a lawyer.

I think Trump gambled on business ventures other people would have passed up simply because he could afford to take the loss. I think a lot of people would pass on a business venture that stood to be extremely lucrative but only had a 50% chance of being successful. Trump however could take it, knowing that if it failed he could just write it off as a loss to lower his taxes. I wouldn't call that being a tax cheat, I'd call it being a good businessman.

Re: Tax returns [Re: yotetrapper30] #7002609
09/28/20 06:14 AM
09/28/20 06:14 AM
Joined: Dec 2015
Posts: 3,387
se South Dakota
NonPCfed Offline
trapper
NonPCfed  Offline
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Joined: Dec 2015
Posts: 3,387
se South Dakota
Quote
I'm sure the Delaware-based credit card companies think his accomplishments are more than a thimble..


Quote
Enriching yourself and family on the backs of taxpayers is not an accomplishment.


The top comment was meant as SARCASM...


"And God said, Let us make man in our image Öand let them have dominion Öand all the creatures that move along the ground".
Genesis 1:26
Re: Tax returns [Re: yotetrapper30] #7002615
09/28/20 06:27 AM
09/28/20 06:27 AM
Joined: Mar 2010
Posts: 1,440
Oklahoma
Blaine County Online content
trapper
Blaine County  Online Content
trapper

Joined: Mar 2010
Posts: 1,440
Oklahoma
Originally Posted by yotetrapper30
The funny thing is that I'm willing to bet James has written off a suit as a tax expense as well at some point during his time as a lawyer.

I think Trump gambled on business ventures other people would have passed up simply because he could afford to take the loss. I think a lot of people would pass on a business venture that stood to be extremely lucrative but only had a 50% chance of being successful. Trump however could take it, knowing that if it failed he could just write it off as a loss to lower his taxes. I wouldn't call that being a tax cheat, I'd call it being a good businessman.


Just an FYI, I don't think anyone can legally write of their suits.


MOLON LABE
Re: Tax returns [Re: Blaine County] #7002617
09/28/20 06:28 AM
09/28/20 06:28 AM
Joined: May 2010
Posts: 152
alabama
BandB Offline
trapper
BandB  Offline
trapper

Joined: May 2010
Posts: 152
alabama
Didn't Clinton claim his used underwear?

Re: Tax returns [Re: yotetrapper30] #7002618
09/28/20 06:30 AM
09/28/20 06:30 AM
Joined: Jun 2008
Posts: 3,162
SW Pa
W
wr otis Offline
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wr otis  Offline
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Joined: Jun 2008
Posts: 3,162
SW Pa
You would need to know the structure of Trump's businesses, and his personal salaries to make any kind of judgement on his tax returns. Obviously the business would consist of multiple corporations dealing with each core business model.

These Trump hating dudes are a broken record, put them all on ignore and move on. Brainwashed by main stream media, most of them have little to nothing to say about trapping anyway.

Re: Tax returns [Re: yotetrapper30] #7002620
09/28/20 06:32 AM
09/28/20 06:32 AM
Joined: Dec 2006
Posts: 18,631
williamsburg ks
D
danny clifton Online content
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danny clifton  Online Content
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D

Joined: Dec 2006
Posts: 18,631
williamsburg ks
If you can write off your steel toed work boots you can write off a business suit.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Tax returns [Re: danny clifton] #7002625
09/28/20 06:43 AM
09/28/20 06:43 AM
Joined: Mar 2010
Posts: 1,440
Oklahoma
Blaine County Online content
trapper
Blaine County  Online Content
trapper

Joined: Mar 2010
Posts: 1,440
Oklahoma
Originally Posted by danny clifton
If you can write off your steel toed work boots you can write off a business suit.


Steel toed boots are safety gear.

I hate taxes. I have to wear suits and hate them too. I'm not a tax lawyer but I've looked into this. I was hoping I could write them off. Alas, you cannot.


MOLON LABE
Re: Tax returns [Re: Blaine County] #7002627
09/28/20 06:45 AM
09/28/20 06:45 AM
Joined: May 2011
Posts: 9,104
Oakland, MS
yotetrapper30 Offline OP
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yotetrapper30  Offline OP
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Joined: May 2011
Posts: 9,104
Oakland, MS
Originally Posted by Blaine County
Originally Posted by yotetrapper30
The funny thing is that I'm willing to bet James has written off a suit as a tax expense as well at some point during his time as a lawyer.

I think Trump gambled on business ventures other people would have passed up simply because he could afford to take the loss. I think a lot of people would pass on a business venture that stood to be extremely lucrative but only had a 50% chance of being successful. Trump however could take it, knowing that if it failed he could just write it off as a loss to lower his taxes. I wouldn't call that being a tax cheat, I'd call it being a good businessman.


Just an FYI, I don't think anyone can legally write of their suits.


I stand corrected. I figured business clothing would be deductible but I see you are correct... they're not.

Re: Tax returns [Re: James] #7002636
09/28/20 06:58 AM
09/28/20 06:58 AM
Joined: Dec 2017
Posts: 3,145
Kansas
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Pawnee Offline
trapper
Pawnee  Offline
trapper
P

Joined: Dec 2017
Posts: 3,145
Kansas
Originally Posted by James
Like Boco points out, the guy is either a tax cheat or a real bad businessman.

You do realize that some of the "expenses" that come out of profits for years prior to 2017 were for whisking around in his limo and private jet? I bet the company paid for his suits too.

Jim



This is why he doesnít release his taxes. Two smart guys as far as Iím concerned but ignorant on how taxes work at the business level. If you two canít wrap your head around it thereís no way the average American can.

Politicians or those that want to serve in the political arena structure their taxes to be seen by the public and scrutinized by the press. Business men and women structure them to NOT go broke.

A perfect example is: when we buy a new piece of ground. We grid sample it and get a average per acre of all the nutrients (N,P,K, etc...) they have value and can be deprecated. Big time dollars!! This seems kinda hokey to me but itís tax law so we take advantage of it. On a half section of ground it could be an employeeís wages for a year or a increase in bonus for everybody across the farm.


Everything the left touches it destroys
Re: Tax returns [Re: yotetrapper30] #7002639
09/28/20 07:01 AM
09/28/20 07:01 AM
Joined: Dec 2006
Posts: 18,631
williamsburg ks
D
danny clifton Online content
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danny clifton  Online Content
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D

Joined: Dec 2006
Posts: 18,631
williamsburg ks
I always thought you could also. Guess it is obvious who wears jeans and boots to work lol.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Tax returns [Re: danny clifton] #7002642
09/28/20 07:04 AM
09/28/20 07:04 AM
Joined: Oct 2018
Posts: 3,840
Dunbar, Wisconsin
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Pike River Offline
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Joined: Oct 2018
Posts: 3,840
Dunbar, Wisconsin
Originally Posted by danny clifton
I always thought you could also. Guess it is obvious who wears jeans and boots to work lol.

The rule is you can only deduct if it's considered specialized clothing. Fun fact- I believe it was a lawsuit involving Hooters that clarified that since the bar makes their employees purchase their uniforms but the emolyees couldn't write them off.

Re: Tax returns [Re: yotetrapper30] #7002648
09/28/20 07:09 AM
09/28/20 07:09 AM
Joined: Oct 2011
Posts: 2,346
Central Ontario, Canada
C
Crit-R-Dun Online content
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Crit-R-Dun  Online Content
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C

Joined: Oct 2011
Posts: 2,346
Central Ontario, Canada
Most people support that paying income tax is necessary but everyone agrees it's everyone's right and responsibility to pay the least amount required by law. It's the American way. Like all Canadians I'm no fan of DT but why is it different at his level? With the amount of money flowing in and out of the Trump empire you won't convince me he and the empire haven't been under the microscope by the IRS. And you didn't see him being hustled away in handcuffs for fraud or tax evasion pre potus. .

Re: Tax returns [Re: yotetrapper30] #7002674
09/28/20 07:31 AM
09/28/20 07:31 AM
Joined: Dec 2006
Posts: 11,767
Sandhills Nebraska
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Gary Benson Offline
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Gary Benson  Offline
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Joined: Dec 2006
Posts: 11,767
Sandhills Nebraska
Democrats don't mind giving money away. Your money, not theirs.


I know I'm paranoid......but am I paranoid ENOUGH???
Re: Tax returns [Re: yotetrapper30] #7002677
09/28/20 07:34 AM
09/28/20 07:34 AM
Joined: Dec 2012
Posts: 4,383
Wi.
D
Diggerman Offline
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Diggerman  Offline
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D

Joined: Dec 2012
Posts: 4,383
Wi.
I wonder how much in taxes Trump has really paid. Federal income tax is the least I usually pay. As a business, sales tax, federal excise tax, real-estate tax, payroll tax, state tax. amount to wayyyyyyy more. As a business, you generally pay taxes, whether you make money or not.

Re: Tax returns [Re: Dirty D] #7002738
09/28/20 08:56 AM
09/28/20 08:56 AM
Joined: Dec 2013
Posts: 7,409
Northern MN
O
Osky Offline
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Osky  Offline
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Joined: Dec 2013
Posts: 7,409
Northern MN
Originally Posted by Dirty D
Originally Posted by James

His reports to the IRS portray a businessman who takes in hundreds of millions of dollars a year yet racks up chronic losses that he aggressively employs to avoid paying taxes.
https://www.chicagotribune.com/nati...28-ek7k7c6mc5b6pozmbqpbybqway-story.html


News flash, the amount of taxes a business pays has nothing to do with how much money a business takes in (sales). Let that sink in. Business can take in $100,000,000,000 (sales) and still not have to pay any taxes.

Businesses have to make a profit to pay taxes. They pay taxes on profit not amount they take in (sales). Sell 1 billion dollars worth of items, make $1 profit, taxes due on $1 of income.

To keep from paying taxes on profits losses, deductions, costs of doing business are used.

All these aggressively used losses that Trump supposedly uses are most likely legal. It is humorous to see Government officials complain about this sort of behavior when they are the ones who made it possible by writing the hundred of thousands of pages of tax law.cP

Hopefully Joe Hiden mentions and goes after Trump about this his taxes at the debate. To which Trump should reply "Joe, your the one responsible for writing all these loopholes over the 50 years you've been in office that made it possible for me and millions of other businessmen to use. And we thanked you with generous donations, like the donations you got from the credit card companies for decades."

Truth is the tax law has lots of perks in it that benefit the wealthy, guess why politicians put loopholes in the law to benefit the wealthy.



Well said.
So I guess now we can do away with the IRS because media and public opinion have it covered? I believe I heard 6000 plus pages of tax law are applicable in this country and thank heaven we have so many amateur experts.
When you have a business and your hiring a manager, leader, VP, President etc are you going to look at educational background and accomplishment or are you more concerned about seeing that persons tax return? A return very few would actually understand or know the validity of, barring a very few accomplished CPAís?
I for one have been involved in a number of business entities and still am. Taxes are done by a large firm in Minneapolis. Could I explain even my own or do them? No. Who am I to judge Trumps, Clintonís, Bidenís or anyone elseís? I thought thatís the IRSís job? They sure seem to watch over me.
If I could deduct suits or any other particular clothing, I will. If I could deduct certain vehicles or modes of transportation I will, so what?
If anyone thinks Trump ( or any other leader of an entity that size) is seeing any more of their tax return than the page they sign your mistaken. Could any of them be brought to testify on the minutiae of whatís in them? Be serious.
Maybe proven citizenship, proven school graduations, proven work experience, and verified drug testing should be the focus, just like it is for any one of us ď common peopleĒ applying for a job.

Carry on
Osky


"A womans heart is the hardest rock the Almighty has put on this earth, and I can find no sign on it"

www.SureDockusa.com
Re: Tax returns [Re: yotetrapper30] #7002744
09/28/20 09:01 AM
09/28/20 09:01 AM
Joined: Feb 2010
Posts: 11,103
pa
H
hippie Offline
trapper
hippie  Offline
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H

Joined: Feb 2010
Posts: 11,103
pa
If I was a betting man, I'd bet its just more fake news. Especially now that his financial lawyer says he paid millions in taxes.

Re: Tax returns [Re: yotetrapper30] #7002746
09/28/20 09:02 AM
09/28/20 09:02 AM
Joined: Nov 2014
Posts: 743
east central WI
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Dirty D Offline
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Dirty D  Offline
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Joined: Nov 2014
Posts: 743
east central WI
I see the argument that Joe Hiden paid 4 million in taxes for I believe it was 2019.

I think the real crime here is how a Politican made enough money to have to pay 4 million in taxes.

Trump employs how many thousands of people managing multiple Golf courses, Motels etc etc etc and somehow he's either a tax cheat or a bad businessman.

Biden doesn't do a thing that enriches our economy and somehow he makes millions/yr.

I guess insider trading and Political favors pays pretty good.

Re: Tax returns [Re: Blaine County] #7002750
09/28/20 09:06 AM
09/28/20 09:06 AM
Joined: Mar 2007
Posts: 30,553
McGrath, AK
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white17 Online content

"General (Mr.Sunshine) Washington"
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Joined: Mar 2007
Posts: 30,553
McGrath, AK
Originally Posted by Blaine County
Originally Posted by danny clifton
If you can write off your steel toed work boots you can write off a business suit.


Steel toed boots are safety gear.

I hate taxes. I have to wear suits and hate them too. I'm not a tax lawyer but I've looked into this. I was hoping I could write them off. Alas, you cannot.



How about an unreimbursed business expense if the suit is required by an employer ?


Mean As Nails
Re: Tax returns [Re: yotetrapper30] #7002768
09/28/20 09:32 AM
09/28/20 09:32 AM
Joined: Aug 2012
Posts: 2,858
SE Minn
R
Rat Masterson Offline
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Rat Masterson  Offline
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SE Minn
Nope. Because suits can be worn as everyday wear.

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