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re: BOMBSHELL by the NYT has dropped

Posted on 10/31/20 at 11:30 am to
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138065 posts
Posted on 10/31/20 at 11:30 am to
The bad orange man used the rules set forth by the benevolent US government 96 years before he became president!!!!
Posted by Jrv2damac
KS (mountain time)
Member since Mar 2004
72170 posts
Posted on 10/31/20 at 11:30 am to
Business expense decrease tax owed

Uhhh, and?
Posted by Switchback
Highland Rim
Member since Oct 2020
772 posts
Posted on 10/31/20 at 11:30 am to
I want to punch every single one of those three
Posted by Friedbrie
Abita Springs
Member since Jun 2018
1609 posts
Posted on 10/31/20 at 11:30 am to
WTF?
Posted by Bjorn Cyborg
Member since Sep 2016
33931 posts
Posted on 10/31/20 at 11:30 am to
Breaking: Rich man takes advantage of century-old tax law.
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25494 posts
Posted on 10/31/20 at 11:31 am to
quote:

Taxes favor the rich.
Had a client pay 1.2 million in Federal taxes last year. Thats more money in taxes than most Americans will save in their lifetime. But muh rich folks dont pay a fair share!!!
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
38868 posts
Posted on 10/31/20 at 11:31 am to
Trump’s taxes were hacked so twitter will now block the NYT twitter and anyone from posting this story right?
Posted by SCLibertarian
Conway, South Carolina
Member since Aug 2013
40885 posts
Posted on 10/31/20 at 11:31 am to
Another bombshell: Joe Biden has been in politics for HALF of that century.
Posted by East Coast Band
Member since Nov 2010
66950 posts
Posted on 10/31/20 at 11:31 am to
I expect Twitter to block this offensive tweet
Posted by Who_Dat_Tiger
Member since Nov 2015
24745 posts
Posted on 10/31/20 at 11:32 am to
Ok so his tax returns. That was already out
Posted by Vacherie Saint
Member since Aug 2015
46031 posts
Posted on 10/31/20 at 11:32 am to
Seriously. WHO is telling liberals that people give 2 shits about this dudes tax returns?

It's desperate at this point.
Posted by mightyMick
Member since Aug 2018
3067 posts
Posted on 10/31/20 at 11:33 am to
Meanwhile this rag ignores why the money from China and the Ukraine are't on biden's tax return.
Posted by Drew Orleans
Member since Mar 2010
21577 posts
Posted on 10/31/20 at 11:33 am to
Wait... wait... wait...

No way is that the bombshell.
Posted by LSUnation78
Northshore
Member since Aug 2012
14006 posts
Posted on 10/31/20 at 11:33 am to
Wait wait wait...


They want ME to pay THEM money to read this braindead drivel about depreciation’s effect on taxes?


Jesus this is sad.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 10/31/20 at 11:33 am to
That’s a bombshell?

That is pathetic
Posted by Apache
San Diego
Member since Dec 2013
2742 posts
Posted on 10/31/20 at 11:33 am to
They got him. Drumpf is finished.
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
37901 posts
Posted on 10/31/20 at 11:33 am to
The article actually explains depreciation fairly well. People will still not understand this.
Posted by coachcrisp
pensacola, fl
Member since Jun 2012
30877 posts
Posted on 10/31/20 at 11:34 am to
quote:

isn't it illegal to share tax info without consent?

Yes
Posted by AURaptor
South
Member since Aug 2018
11958 posts
Posted on 10/31/20 at 11:35 am to
So... he used tax laws to legally get breaks to reduce his taxes he owed ?


AND ??
Posted by TigerAlumni2010
Baton Rouge
Member since Aug 2011
4753 posts
Posted on 10/31/20 at 11:35 am to
This big reveal by the NYT is that President Trump uses what every single businessman and Real Estate investor in the country uses: Depreciation and NOL Carrybacks/Forwards.

As a CPA, no fricking shite Sherlock.

Also, if President Trump hasn't released these returns, shouldn't the NYT Twitter account be locked if it posted this article on there, by the same standards that were applied to the New York Post.
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