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Trump's taxes and his role as President
Posted on 9/30/20 at 4:54 pm
Posted on 9/30/20 at 4:54 pm
I don't blame Trump one bit for paying what he has in taxes. He is just playing the game, playing by the rules that were put in place before him.
But knowing what he knows about the tax code, and his duty to the people, is it not his responsibility to fix those loopholes he knows so intimately for the good of the people?
Or should he just do what is best for him?
*The President can submit bills.
*Even if it isn't ratified he can at least try.
*Loophole was a poor choice of words, he is simply filing his taxes under the current rules of the system.
*Everyone is more willing to deflect and argue semantics than actually consider intent.
But knowing what he knows about the tax code, and his duty to the people, is it not his responsibility to fix those loopholes he knows so intimately for the good of the people?
Or should he just do what is best for him?
*The President can submit bills.
*Even if it isn't ratified he can at least try.
*Loophole was a poor choice of words, he is simply filing his taxes under the current rules of the system.
*Everyone is more willing to deflect and argue semantics than actually consider intent.
This post was edited on 9/30/20 at 5:18 pm
23
Posted on 9/30/20 at 4:55 pm to bamaclownbaby
Tax code needs to be completely ripped up and re-written
Posted on 9/30/20 at 4:56 pm to bamaclownbaby
So, if I am hearing you right, you want Trump to declare himself a Dictator, circumvent Congress, and start "fixing loopholes". Ok.
Posted on 9/30/20 at 4:56 pm to bamaclownbaby
quote:
But knowing what he knows about the tax code, and his duty to the people, is it not his responsibility to fix those loopholes he knows so intimately for the good of the people?
TIL the President makes tax law.
Posted on 9/30/20 at 4:57 pm to bamaclownbaby
Trump isn't the one bitching about it. The guy that has been a politician for 40 years, including 8 as VP, is the one that has a problem with it while at the same taking advantage of those same loopholes to save his own money.
Posted on 9/30/20 at 4:57 pm to bamaclownbaby
Um. Is trump now king of Congress?
Do they not do that Saturday morning cartoon on civics any longer? Pity
I’m just a bill..,
Do they not do that Saturday morning cartoon on civics any longer? Pity
I’m just a bill..,
This post was edited on 9/30/20 at 4:59 pm
Posted on 9/30/20 at 4:58 pm to bamaclownbaby
How much is he paying in taxes? 
Posted on 9/30/20 at 4:58 pm to bamaclownbaby
He doesn't even do them 
People out there literally think he's fudging TurboTax online
People out there literally think he's fudging TurboTax online
Posted on 9/30/20 at 4:59 pm to bamaclownbaby
If people have a problem with how much he or anyone pays in taxes...your problem isn’t with him or that individual, it’s with the tax code.
Don’t be pissed bc they have CPAs that understand the tax code.
If you understood the tax code to save yourself 5% more in taxes....would you? Of course you would!
Be pissed at the very politicians who wrote the tax code....for their own advantage.
Bernie Sanders pays 12-14% as a millionaaaaa but never mentions himself. Anytime he’s met with the same rhetoric he throws at “1%” he gets pissyvand says he doesn’t make as much.
It’s a disingenuous argument
Don’t be pissed bc they have CPAs that understand the tax code.
If you understood the tax code to save yourself 5% more in taxes....would you? Of course you would!
Be pissed at the very politicians who wrote the tax code....for their own advantage.
Bernie Sanders pays 12-14% as a millionaaaaa but never mentions himself. Anytime he’s met with the same rhetoric he throws at “1%” he gets pissyvand says he doesn’t make as much.
It’s a disingenuous argument
This post was edited on 9/30/20 at 5:13 pm
Posted on 9/30/20 at 5:05 pm to bamaclownbaby
quote:
Or should he just do what is best for him?
And the millions of Americans that know the difference, and are smart enough to utilize, between tax avoidance and tax evasion. You room-temperature-IQ dolts need to find something else to be concerned about.
This post was edited on 9/30/20 at 5:06 pm
Posted on 9/30/20 at 5:06 pm to bamaclownbaby
Fair Tax Baw. Government makes more money and we pay less taxes. Win Win.
Posted on 9/30/20 at 5:09 pm to bamaclownbaby
Don’t think Congress would go for this. L O L
Posted on 9/30/20 at 5:10 pm to bamaclownbaby
Never understood what a “loophole” is, a tax strategy is either legal or it’s not, and every part of the tax code is available to every taxpayer if it’s applicable to their situation
Posted on 9/30/20 at 5:11 pm to bamaclownbaby
Flat tax is an idea who’s time has come!
I’ll finally get to rock my Steve Forbes lower back tattoo with pride again!
I’ll finally get to rock my Steve Forbes lower back tattoo with pride again!
Posted on 9/30/20 at 5:13 pm to bamaclownbaby
quote:
But knowing what he knows about the tax code, and his duty to the people, is it not his responsibility to fix those loopholes he knows so intimately for the good of the people?
It is not his job to legislate, talk to your representative and senators if you want the tax code changed. The president doesn't write law.
Posted on 9/30/20 at 5:17 pm to bamaclownbaby
Neither side will win the tax loophole issue. They both play the game and all are rich from it.
The real issue is that every politician should have to disclose all loan/debt they have and who they owe it to.
The real issue is that every politician should have to disclose all loan/debt they have and who they owe it to.
Posted on 9/30/20 at 5:18 pm to bamaclownbaby
quote:
But knowing what he knows about the tax code, and his duty to the people, is it not his responsibility to fix those loopholes he knows so intimately for the good of the people?
Tell us how the president is going to do that all by himself
Posted on 9/30/20 at 5:20 pm to bamaclownbaby
According to the NYT post that Trump basically hasn't paid any federal income taxes over the last decade...
They also admit that he has paid $24.3 million in the Alternative Minimum Tax(AMT)
They are using semantics when they say he isn't/hasn't paid income tax
The AMT is the law, written by Congress and signed by the President, that says regardless of losses, regardless of charitable deductions, if you earn over X amount, you have to pay Y amount. IOW a minimum tax on your income that regardless of loopholes that Congress wrote in to the tax code you still have to pay z% of your income.
My wife and I earn a lot of money and make very large charitable contributions, besides have large deductions for property tax and other deductible items.
We have paid the AMT every year for the last 15 years or so.
I have zero problem with Trump paying as little as he can legally. I sure as hell pay as little as we can legally get by with paying.
EDIT: Hell last year I actually had to pay 20% more than I earned in 2019 because of the AMT
Long discussion as to why that is correct and true, but the fact is, it is true.
They also admit that he has paid $24.3 million in the Alternative Minimum Tax(AMT)
They are using semantics when they say he isn't/hasn't paid income tax
The AMT is the law, written by Congress and signed by the President, that says regardless of losses, regardless of charitable deductions, if you earn over X amount, you have to pay Y amount. IOW a minimum tax on your income that regardless of loopholes that Congress wrote in to the tax code you still have to pay z% of your income.
My wife and I earn a lot of money and make very large charitable contributions, besides have large deductions for property tax and other deductible items.
We have paid the AMT every year for the last 15 years or so.
I have zero problem with Trump paying as little as he can legally. I sure as hell pay as little as we can legally get by with paying.
EDIT: Hell last year I actually had to pay 20% more than I earned in 2019 because of the AMT
Long discussion as to why that is correct and true, but the fact is, it is true.
This post was edited on 9/30/20 at 5:24 pm
Posted on 9/30/20 at 5:21 pm to bamaclownbaby
What makes you think this Administration hasn't taken steps to do this? Lot of provisions in the TCJA are meant to curb abuses.
Posted on 9/30/20 at 6:55 pm to bamaclownbaby
The New York Times told me you aren't paying your fair share either. Cough it up cheapskate! 
This post was edited on 9/30/20 at 7:03 pm
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