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Message
1
Posted on 11/7/18 at 9:31 pm to HailHailtoMichigan!
quote:
Michigan! The average American is retarded about tax law
Most lawyers won’t touch tax law.
Posted on 11/7/18 at 9:32 pm to Smoke7024
I’m not a CPA but I am an MBA and I agree. I work with some firms financial statements/10Ks as part of my job, they can be really confusing.
That said, there are professionals who would and would simply tell the rest of us + their spin depending who you’re watching. Just like everything else ever reported ever. WTF is his point???
That said, there are professionals who would and would simply tell the rest of us + their spin depending who you’re watching. Just like everything else ever reported ever. WTF is his point???
Posted on 11/7/18 at 9:35 pm to mwade91383
quote:
That said, there are professionals who would and would simply tell the rest of us + their spin depending who you’re watching. Just like everything else ever reported ever. WTF is his point???
It would take hundreds upon hundreds of hours to decipher a single years worth of returns. Even then it wouldn’t be a complete picture. The only goal of the left is to try to mislead the public into thinking he did something nefarious.
Like when they said his dad was up to no good when he put his properties into Dofferent entities. That is estate planning 101, yet people were on here accusing him of tax evasion. Please don’t act like the left isn’t being completely disingenuous with this whole thing.
This post was edited on 11/7/18 at 10:12 pm
Posted on 11/7/18 at 9:38 pm to BBONDS25
quote:
Wait...you think waiting until a return under audit is completed is an excuse? Are you insane? Do you know how the audit process works and why that would be an absolutely awful idea?
we know that some from the late 2000's were no longer under audit as of 2016, yet nothing has been released. and as i said he has offered shifting timelines since the audit excuse
the audit excuse was just that. he never had any intention of releasing them voluntarily
Posted on 11/7/18 at 9:39 pm to BBONDS25
Fine. But I’d say to you let’s not act like nefarious dealings are out of the realm of possibility either. This is Donald Trump we’re talking about, people know who they voted for.
Posted on 11/7/18 at 9:41 pm to BBONDS25
quote:
You wouldn’t have a clue what the returns said. Just stop.
I don't have a clue what the returns say because they haven't been released.
But if/when they are released, I know how to interpret them.
Posted on 11/7/18 at 9:42 pm to mwade91383
quote:
Fine. But I’d say to you let’s not act like nefarious dealings are out of the realm of possibility either. This is Donald Trump we’re talking about, people know who they voted for.
Sure. I’ll agree to that. However, odds are his returns are audited nearly every year. If the IRS hasn’t found something...ever....that is a pretty good indication.
Posted on 11/7/18 at 9:43 pm to foshizzle
quote:
Would you understand them? Yes I think I'd have a decent chance due to my education in accounting. Here's how it would likely go down. Trump *personally* probably reported remarkably little income or tax to pay. He goes around (well, used to, nudge nudge) managing his properties at company expense. Due to how tax laws are written he can live the high life and claim very little income, which he's understandably interested in hiding. Let's say he owns 51% of Trump International Hotel in wherever. He travels out there for an inspection tour, completely paid for by the company that he owns. Meals, a company helicopter, Stormy to keep him company at night - it's all paid for by the company. Theoretically, he pays capital gains tax one day when he sells his ownership stake. Of course, he never will sell. Meanwhile, the company expenses all this.
And this is why he doesn’t want to expose his taxes. It’s a PR nightmare even though it’s legal and done by every business
Posted on 11/7/18 at 9:45 pm to Lsujacket66
quote:
this is why he doesn’t want to expose his taxes. It’s a PR nightmare even though it’s legal and done by every business
during a debate he told hillary that stuff like that shows that he's smart, and it seemed to go over reasonably well
This post was edited on 11/7/18 at 9:46 pm
Posted on 11/7/18 at 9:46 pm to BBONDS25
Honest question, I legitimately don’t know, does the IRS examine for conflicts of interest???
I think I agree w you, legally, he’s probably got his shite together. But that doesn’t necessarily mean he isn’t abusing his power. You’d have to think openning up his returns would answer that question. Let the people decide if they’re valid or simply grasping at straws....
I think I agree w you, legally, he’s probably got his shite together. But that doesn’t necessarily mean he isn’t abusing his power. You’d have to think openning up his returns would answer that question. Let the people decide if they’re valid or simply grasping at straws....
Posted on 11/7/18 at 9:47 pm to 90proofprofessional
quote:
he told hillary that stuff like that means he's smart at a debate, and it seemed to go over reasonably well
Democrats were accusing him of Tax evasion because his dad’s 706 has properties held in corporate and non corporate entities and because they took discounts on the value of properties. That takes place on every 706 ever. It is basic estate planning. Yet the dems called for impeachment because of tax evasion. The goal here is crystal clear.
This post was edited on 11/7/18 at 9:48 pm
Posted on 11/7/18 at 9:47 pm to 90proofprofessional
quote:Has any President released tax returns from 16 years in the past?
we know that some from the late 2000's were no longer under audit as of 2016, yet nothing has been released.
Posted on 11/7/18 at 9:49 pm to mwade91383
quote:How is he abusing his power relative to his tax returns?
But that doesn’t necessarily mean he isn’t abusing his power.
Posted on 11/7/18 at 9:49 pm to LSURussian
it was a 2008 return that they finished auditing in 2016
in 2008 barack released his back to 2000
in 2008 barack released his back to 2000
Posted on 11/7/18 at 9:51 pm to mwade91383
quote:
Honest question, I legitimately don’t know, does the IRS examine for conflicts of interest???
Not sure what you are referring to. Conflicts that a politician would have? No. They might look into self-dealing in a charitable foundation.
However, if an abuse of power is the concern, the returns prior to 2017 wouldn’t be relevant. He likely filed his 2017 return last month. Which means he would be silly to release them before the IRS determines if it will accept or audit.
Posted on 11/7/18 at 9:52 pm to foshizzle
I wouldn’t understand them. I barely understand my own, which is why I hire a CPA to do mine for my family.
Posted on 11/7/18 at 9:53 pm to LSURussian
You can’t imagine an executive order/policy that he could be positioned to profit off tremendously? A man of his resources?
Look, I’m not saying he is. I think this is a dead end for Dems, and I’m a Dem. But the possibility of abuse/corruption is very real. I don’t think it’d be that hard if he actually wanted to...
Look, I’m not saying he is. I think this is a dead end for Dems, and I’m a Dem. But the possibility of abuse/corruption is very real. I don’t think it’d be that hard if he actually wanted to...
Posted on 11/7/18 at 9:56 pm to mwade91383
quote:
ou’d have to think openning up his returns would answer that question.
Maybe you’d think this if you have been in a coma for 50 years. You really think Trumps tax returns would settle anything? You are high if so. It would be a complete shite storm of innuendo and conjecture. The baseless suspicion would be 500x worse.
quote:
or conflicts of interest???
So you think tax returns from before he was president would reveal if he profited since he became president? And yes there are anti trust laws in business genius. You are a perfect example of why America’s collective head would explode if the lib msm were allowed to craft a narrative around Trumps taxes.
Posted on 11/7/18 at 9:56 pm to mwade91383
quote:
this is a dead end for Dems
agree, i bet it'd fizzle just like obama's birth certificate
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