Trump Taxes

mrincredible said:

I've been listening to a fair amount of analysis in the last few days. My takeaway is there's no evidence of anything blatantly illegal, that people are going "ah ha!" about frivolous stuff and not paying enough attention to more serious issues. The $70,000 hair styling tax deduction for hairstyling is a big fluffy pastry for the headlines. It looks great, tastes so sweet and delicious, gives you a quick rush and has no nutritional value. 

The hundreds of millions of debt that's coming due in a couple of years is more troubling, but that dish is like a big plate of steamed vegetables. Nobody likes to dig into it but there's a ton of substance there.

I agree that the debt is more troubling. First of all, who holds that debt? Russia? But even if they don't, it is a national security risk if there ever was one.

I do also think there are probably some illegal things in his returns. For example him paying Ivanka a consulting fee on top of being on a salary as an executive. My guess is that even if he pardons himself, New York can probably put him away for several years.


ml1 said:

 yes, it's the conflicts of interest all over the globe that are troublesome.  Does the fact that one of his most lucrative deals is in Istanbul affect U.S. policy toward Erdogan and Turkey?  Hard to argue that it doesn't, isn't it?

 Yes... and so many Kurds have died because Trump is indebted to Erdogan 


Jaytee said:

ml1 said:

 yes, it's the conflicts of interest all over the globe that are troublesome.  Does the fact that one of his most lucrative deals is in Istanbul affect U.S. policy toward Erdogan and Turkey?  Hard to argue that it doesn't, isn't it?

 Yes... and so many Kurds have died because Trump is indebted to Erdogan 

Trump doesn't care how many Kurds have died. He doesn't even care if Americans die. Only cares about him looking good with Putin and Erdogan.


basil said:

Trump doesn't care how many Kurds have died. He doesn't even care if Americans die. Only cares about him looking good with Putin and Erdogan.

 He has to look good and do what they tell him to do. They own him. Remember no one, no bank, In America would lend him any money. Trump has sold his soul to the devil, and now he’s bartering with the devil offering up human sacrifice. Putin takes Crimea and Erdogan takes out the Kurds. While he plays golf.


Jaytee said:

basil said:

Trump doesn't care how many Kurds have died. He doesn't even care if Americans die. Only cares about him looking good with Putin and Erdogan.

 He has to look good and do what they tell him to do. They own him. Remember no one, no bank, In America would lend him any money. Trump has sold his soul to the devil, and now he’s bartering with the devil offering up human sacrifice. Putin takes Crimea and Erdogan takes out the Kurds. While he plays golf.

I don't think he has a soul, so he even scammed the devil


This showed up on a family member’s FB page.


spontaneous said:

This showed up on a family member’s FB page.

 smh


spontaneous said:

This showed up on a family member’s FB page.

Tell your family to report his post as Fake News. I looked him up on FB and he indeed posted this, so I reported him too. That's what the reporting function on FB is for.


It is interesting to think that we attributed a lot of Trump's actions to his narcissism.  Now we know that the debt collector will be demanding payment soon and the brand building goal flopped quite a bit.


jamie said:

It is interesting to think that we attributed a lot of Trump's actions to his narcissism.  Now we know that the debt collector will be demanding payment soon and the brand building goal flopped quite a bit.

Yes. Things that seem random and chaotic, often turn out to be more logical than you thought, it is just that you did not understand all the individual data and triggers at the time (chaos theory).

I have posted on his branding a few times, because I am very confused about what he is doing. His brand was all about luxury, billionaire, high-end, top-1%, etc. A lot of that was built through perception on the Apprentice, but also over the years through his perceived billionaire status. And he is very smart and amazingly disciplined on his brand building. He has been able to build a brand, and capitalize on it, by licensing his name to hotels, developers, etc. The thing that really confuses me is that he pretty much destroyed that brand in the last 4-5 years. Once his presidency is over, nobody will pay him money anymore to put his name on a high-end property anywhere. In fact, people will probably pay him to take his name off of properties. He replaced his high-end luxury brand with a brand that is all about hate and right-wing anger with older white people without college degrees. Unfortunately for him, such a brand is worth nothing. And he understands branding and marketing really well, so I am just at a loss as to why he would do something like that.


Can I deduct everything I have paid to Bernie at Village Barbers? Why didn't my (very smart) accountant tell me that all these years?

If just one person in America votes for Biden because of Trump's taxes I'll be happy for that vote.

How many votes will Trump lose or Biden gain because of the Kurds?


It was an opportunity and it didn't require much effort on his part. I think it's as simple as that. He was running out of his apprentice money and found he got a lot of attention from attacking Obama. Given that he is, in fact, a huge racist and xenophobe, the fact that he could just keep playing this up and in return gain rabid fans was probably just a case of taking the easy road. And truly, is there anything easier than fleecing a right-wing audience if you're willing to jettison any ethics or shame (especially if, like Trump, you never had any to begin with)?


basil said:

spontaneous said:

This showed up on a family member’s FB page.

Tell your family to report his post as Fake News. I looked him up on FB and he indeed posted this, so I reported him too. That's what the reporting function on FB is for.

 Unfortunately my family member actually believes that sh!t.  However I did go to the page of the guy who wrote it and reported it also


spontaneous said:

basil said:

spontaneous said:

This showed up on a family member’s FB page.

Tell your family to report his post as Fake News. I looked him up on FB and he indeed posted this, so I reported him too. That's what the reporting function on FB is for.

 Unfortunately my family member actually believes that sh!t.  However I did go to the page of the guy who wrote it and reported it also

Sorry to hear that


basil said:

spontaneous said:

This showed up on a family member’s FB page.

Tell your family to report his post as Fake News. I looked him up on FB and he indeed posted this, so I reported him too. That's what the reporting function on FB is for.

The family friend is right about the article (although he appears to have misconstrued the $750).

It says Trump paid the IRS $1 million in 2016 and $4.2 million in 2017 for anticipated taxes while he got a filing extension. He ended up owing only $750 on his returns when they were eventually filed, but Trump didn’t get the millions back; according to the article, they remained in the government’s hands to offset future taxes he might owe.


DaveSchmidt said:

basil said:

spontaneous said:

This showed up on a family member’s FB page.

Tell your family to report his post as Fake News. I looked him up on FB and he indeed posted this, so I reported him too. That's what the reporting function on FB is for.

The family friend is right about the article (although he appears to have misconstrued the $750).

It says Trump paid the IRS $1 million in 2016 and $4.2 million in 2017 for anticipated taxes while he got a filing extension. He ended up owing only $750 on his returns when they were eventually filed, but Trump didn’t get the millions back; according to the article, they remained in the government’s hands to offset future taxes he might owe.

He paid $750 federal income taxes for 2016 and 2017. Whether he also pre-paid $5.2 million to offset future taxes, or still owes them $70 million for previous taxes is irrelevant (they are both the case by the way)


Alex Solat’s post is irrelevant, you say. But not false.


DaveSchmidt said:

Alex Solat’s post is irrelevant, you say. But not false.

It is heavily misleading, and that is generous.


basil said:

jamie said:

It is interesting to think that we attributed a lot of Trump's actions to his narcissism.  Now we know that the debt collector will be demanding payment soon and the brand building goal flopped quite a bit.

Yes. Things that seem random and chaotic, often turn out to be more logical than you thought, it is just that you did not understand all the individual data and triggers at the time (chaos theory).

I have posted on his branding a few times, because I am very confused about what he is doing. His brand was all about luxury, billionaire, high-end, top-1%, etc. A lot of that was built through perception on the Apprentice, but also over the years through his perceived billionaire status. And he is very smart and amazingly disciplined on his brand building. He has been able to build a brand, and capitalize on it, by licensing his name to hotels, developers, etc. The thing that really confuses me is that he pretty much destroyed that brand in the last 4-5 years. Once his presidency is over, nobody will pay him money anymore to put his name on a high-end property anywhere. In fact, people will probably pay him to take his name off of properties. He replaced his high-end luxury brand with a brand that is all about hate and right-wing anger with older white people without college degrees. Unfortunately for him, such a brand is worth nothing. And he understands branding and marketing really well, so I am just at a loss as to why he would do something like that.

 He doesn't care about his legacy.  Whatever he can do to make a buck while living is a win.  Watch what happens to his family once he's gone.  


Red_Barchetta said:

basil said:

jamie said:

It is interesting to think that we attributed a lot of Trump's actions to his narcissism.  Now we know that the debt collector will be demanding payment soon and the brand building goal flopped quite a bit.

Yes. Things that seem random and chaotic, often turn out to be more logical than you thought, it is just that you did not understand all the individual data and triggers at the time (chaos theory).

I have posted on his branding a few times, because I am very confused about what he is doing. His brand was all about luxury, billionaire, high-end, top-1%, etc. A lot of that was built through perception on the Apprentice, but also over the years through his perceived billionaire status. And he is very smart and amazingly disciplined on his brand building. He has been able to build a brand, and capitalize on it, by licensing his name to hotels, developers, etc. The thing that really confuses me is that he pretty much destroyed that brand in the last 4-5 years. Once his presidency is over, nobody will pay him money anymore to put his name on a high-end property anywhere. In fact, people will probably pay him to take his name off of properties. He replaced his high-end luxury brand with a brand that is all about hate and right-wing anger with older white people without college degrees. Unfortunately for him, such a brand is worth nothing. And he understands branding and marketing really well, so I am just at a loss as to why he would do something like that.

 He doesn't care about his legacy.  Whatever he can do to make a buck while living is a win.  Watch what happens to his family once he's gone.  

I agree, but that's what confuses me so much, because this directly affects his income in a negative way. Today. His brand totally sucks today, and after he leaves the WH all the lobbyists and other "friends" will stop going to his hotels and resorts, because he has no favors to give anymore. It's just weird. Not that I feel sorry for him or anything. He will end up in jail.


DaveSchmidt said:

basil said:

spontaneous said:

This showed up on a family member’s FB page.

Tell your family to report his post as Fake News. I looked him up on FB and he indeed posted this, so I reported him too. That's what the reporting function on FB is for.

The family friend is right about the article (although he appears to have misconstrued the $750).

It says Trump paid the IRS $1 million in 2016 and $4.2 million in 2017 for anticipated taxes while he got a filing extension. He ended up owing only $750 on his returns when they were eventually filed, but Trump didn’t get the millions back; according to the article, they remained in the government’s hands to offset future taxes he might owe.

 Only right in a narrow sense, but pretty far off in their framing and larger point. Try paying $750 on this month's mortgage or rent payment and, when the landlord or bank complains, insist that the tens of thousands of dollars you did pay over the years is something they should be grateful for, and how dare they imply you're stiffing them by not paying the full amount you owe now.


basil said:

DaveSchmidt said:

Alex Solat’s post is irrelevant, you say. But not false.

It is heavily misleading, and that is generous.

 He made payments during the calendar years of 2016 and 2017, but those payments will not be applied to the TAX years of 2016 and 2017.  For the tax year 2016 and tax year of 2017 he paid $750 for each year.

The asshat’s post is false.

As an example, an acquaintance of mine was audited in 1994 for the tax year of 1993.  She ended up having to pay the IRS an additional $2,000 for 1993.  She paid the bill in 1994, but that doesn’t mean she paid $2,000 for 1994’s tax year, it was APPLIED to 1903.  For Trump it is the same, except that he is holding the payments to apply to future tax years.  



PVW said:

Only right in a narrow sense, but pretty far off in their framing and larger point. Try paying $750 on this month's mortgage or rent payment and, when the landlord or bank complains, insist that the tens of thousands of dollars you did pay over the years is something they should be grateful for, and how dare they imply you're stiffing them by not paying the full amount you owe now.

I’m not on Facebook, but I doubt it’ll be taking action against posts that are right only in a narrow sense.

(I’m OK, too, with people on social media using a fact the way Alex Solat did to frame their opinions as they wish. He obscured the larger point, but the post that spontaneous copied here called my attention to a detail that I was glad to be reminded of. It sheds light on Trump’s responses about paying millions, and I’ll be better prepared the next time the narrow fact comes up. I don’t begrudge Solat, whoever he is, for sharing it.)


The media I've consumed has pretty consistently said Trump paid only $750 in federal income tax. The shared post starts with the strawman "for those who think that Trump only paid $750 in taxes."

Which, if it was just a one line responding to someone who incorrectly said "Trump only paid $750 in taxes" would be one thing, but that's not what this is. Having started off on a questionable premise, it then rather ironically accuses "the media" (which media? All of them?) of pushing misinformation and concludes with a an irrelevant point about Trump's official salary.

It's a thoroughly dishonest post. Dishonest in a way to warrant FB flagging it? Probably not. Enough for me to shake my head and the disinformation garbage-scape the characterizes much of our political discourse? Yup.


The original screenshot I shared came from a relative’s page and only had two shares.  Not worth getting panties in a bunch, maybe a handful of people saw it.  But going to Alex’s actual page he has a lot more shares.  It hasn’t gone viral, but how far will this lie be spread?  How many potential voters might be influenced by it?   And not just the 489 shares, but everyone who reads it on each of those 489 pages. My relative bought it hook, line, and sinker, and I’m sure he’s not alone.

That is why flagging fake information in regards to the election is important.


Trumpers who agree with a Facebook post are NOT going to believe a Facebook "flag" of that post as misleading.


Well, getting covid is a good distraction from his tax kerfuffle. 


That news broke less than a week ago.


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