How Much Does Donald Trump Pay in Taxes? It Could Be Zero

[wolfbat359]

http://www.nytimes.com/2016/08/12/business/how-much-does-donald-trump-pay-in-taxes-it-could-be-zero.html?ref=todayspaper&_r=0

Mitt Romney was excoriated during the 2012 presidential campaign for paying $4.9 million in federal income tax, or an average of just 14 percent of his adjusted gross income, in the two years for which he released returns.

No one should be surprised, though, if Donald J. Trump has paid far less — perhaps even zero federal income tax in some years. Indeed, that’s the expectation of numerous real estate and tax professionals I’ve interviewed in recent weeks.

Even with hundreds of millions in gross revenue from his vast real estate empire, “it’s both possible and legal that Donald Trump would pay little or no income tax,” said Len Green, an accountant and chairman of the Green Group, a tax and accounting advisory firm. Mr. Green is also a real estate investor, teaches at Babson College and is the author of the forthcoming “The Entrepreneur’s Playbook.”

“I would expect he’s paying little or no tax,” agreed Steven M. Rosenthal, a veteran tax lawyer and senior fellow at the Urban-Brookings Tax Policy center.

That’s because Mr. Trump, as a prominent and active developer, can take advantage of some of the most generous tax breaks in the federal tax code to reduce his reported income to near zero, or even report a loss.....

[wizardr...@msn.com]

As they say: "Opinions are like assholes. Everybody has one, and they all stink."
"

[Z]

wizardr...@msn.com wrote:
> As they say: "Opinions are like assholes. Everybody has one, and they all stink."
> "
>

Your opinions stink so much I can smell them all the way over here in
Europe. What you snipped is why dumb fuck Donald won't release his tax
returns.

--
Z

[me]

In the US the House writes tax and spend laws. The House has been controlled by Democrats for most of the past 100 years including the Reagan years but not the Clinton or second Obama years. If you have a tax and or spend problem try to remember this.
http://upload.wikimedia.org/wikipedia/commons/8/88/Control_of_the_U.S._House_of_Representatives.PNG

[Z]

me wrote:
> In the US the House writes tax and spend laws.

And they don't get passed until the Senate approves and the President
signs. Why do you *always* omit that from your half truth?

--
Z

[GLOBALIST]

I still don't know how a candidate's income taxes are
pertinent to his running for office. Obviously the IRS
knows his tax records inside and out. Hillary isn't going to
jail for passing on Top Secret data, so who gives a shit
about Trump's taxes. As I have said before, Trump probably
has a small army of folks who figure out his taxes. It ain't
him with a number 2 pencil and a calculator.

[Z]

GLOBALIST wrote:
> On Friday, August 12, 2016 at 9:27:59 PM UTC-5, wolfbat359 wrote:
>> http://www.nytimes.com/2016/08/12/business/how-much-does-donald-trump-pay-in-taxes-it-could-be-zero.html?ref=todayspaper&_r=0
>>
>> Mitt Romney was excoriated during the 2012 presidential campaign for paying $4.9 million in federal income tax, or an average of just 14 percent of his adjusted gross income, in the two years for which he released returns.
>>
>> No one should be surprised, though, if Donald J. Trump has paid far less — perhaps even zero federal income tax in some years. Indeed, that’s the expectation of numerous real estate and tax professionals I’ve interviewed in recent weeks.
>>
>> Even with hundreds of millions in gross revenue from his vast real estate empire, “it’s both possible and legal that Donald Trump would pay little or no income tax,” said Len Green, an accountant and chairman of the Green Group, a tax and accounting advisory firm. Mr. Green is also a real estate investor, teaches at Babson College and is the author of the forthcoming “The Entrepreneur’s Playbook.”
>>
>> “I would expect he’s paying little or no tax,” agreed Steven M. Rosenthal, a veteran tax lawyer and senior fellow at the Urban-Brookings Tax Policy center.
>>
>> That’s because Mr. Trump, as a prominent and active developer, can take advantage of some of the most generous tax breaks in the federal tax code to reduce his reported income to near zero, or even report a loss.....
>
> I still don't know how a candidate's income taxes are
> pertinent to his running for office.

That's because you're the Low IQ Home Schooled Creepy Village Idiot,
what else?



--
Z

[islander]

Even in my small dabbling in real estate, I am amazed and dismayed at
the many ways that one can avoid taxes. The depreciation allowance, for
example, is a huge deduction despite the fact that a property can be
increasing in value. Also, virtually all the costs of maintaining a
property can be written off. Try that with your private residence!

[wizardr...@msn.com]

Hey niggah, you gots nuttin to say so shut up those fat lips of yorse and git back to that field and pick that shit before it rots like yore brain. Damn uppity darkies, can't shuddem up an shore can't get um to work.

[Jim_Higgins]

Who wants to pay more taxes than they have to? That is why we use
Turbo-Tax to get every legit exclusion we can.

--
Hussein Obama working hard to destroy America

[Z]

Yeah, the complicated loop holes were meant for the middle class, NOT.
The point, dumb fuck, is that Trump shouldn't pay less taxes than his
secretary does. It's called the "Buffet Rule".

--
Z

[Lawrence Akutagawa]

The Old Fool wrote in message
news:8a484b4f-df93-4ddd...@googlegroups.com...

As they say: "Opinions are like assholes. Everybody has one, and they all
stink."
"

Well, what can the very white The "Chicken Little" Donald be hiding by not
revealing his tax returns?
- He is the owner of one or more Nevada brothels?
Who knows?
- He contributed recently to the DNC?
Who knows?
- He receives income from street gun sales in Chicago?
Who knows?
- He gets money from Putin?
Who knows?
- He owns a number of manufacturing plants in China?
Who knows?
- He received income from brothels in India, China, the Philippines, etc.?
Who knows?
- He pays off thugs in Chicago?
Who knows?
- He owns major real estate properties in China?
Who knows?
- He gets kickbacks from people whom he contracts?
Who knows?
- He receives income from weapon sales to Syria?
Who knows?
- He owns foreign companies that employ underage kids?
Who knows?
etc., etc., etc.

What indeed can the very white The "Chicken Little" Donald be hiding by not
revealing his tax returns?

[El Castor]

If real estate is a business, maintenance of that business property
should be a legitimate business expense. Why should that be a
surprise?

By the way, I don't know how Washington law works, but if it's like
California, and you and your wife hold your house as JTWROS, look into
the possible advantages of changing your ownership to Community
Property. In California, the tax advantages can be enormous if one
spouse dies and the other decides to sell.

[wizardr...@msn.com]

Lawrence the Fruitcake sets out a whole bundle of strawmen regarding Trump' s taxes, and never questioned The Mullah Obama's hidden records for which was paid substantial amounts to keep hidden. With a bound determination he dresses in his pink high heels and flaming red mini skirt, sans panties, and approaches these strawmen of his with the intention of seducing them into providing answers to these vexing matters which are so disturbing to his fragile and irritable mind. Oh golly, if only those tranquilizers would do what they promised.

[islander]

Washington State is a community property state.

[billbowden]

"Z" <z...@ajbchjwrn.com> wrote in message news:non1f4$vm0$1...@dont-email.me...

He won't release his tax returns because you are too stupid to understand
them. Just like Hillary Clinton defends her emails. They are too complicated
for you to understand.

http://dailycaller.com/2016/08/12/bill-clinton-email-classification-issues-are-too-complicated-to-explain-to-people-video/

Quote "Bill Clinton"

"The American public doesn't understand that Hillary Clinton is telling the
truth about her classified emails because government classification issues
are "too complicated to explain to people," Bill Clinton said Friday."

[wizardr...@msn.com]

You're right about Z being stupid. He's as dumb as they come. He has to take his shoe just to count past ten.

[El Castor]

So is California, but the real estate of married couples can still be
held as Joint Tenants With Right of Survivorship, or in California
commencing in 2001, alternatively as Community Property With Right of
Survivorship. The difference is that in the case of joint tenancy, if
one spouse dies, the basis of only half the house is stepped up to the
value as of the date of death. If it's held on the books as CPWROS,
and one spouse dies, the basis of the entire house is stepped up to
the value as of the date of the death of that one spouse. In this
area, house prices have become so insane that if a spouse dies and the
other sells, the tax difference can be very significant, but many
married couples who bought before 2001 are still holding their homes
as joint tenants and are unaware of the difference, as we were until
recently.

[Lawrence Akutagawa]

The Old Fool wrote in message

news:fdb09133-8d8c-4bf0...@googlegroups.com...

****** This line separates my response from the foregoing ******

And here the Old Fool yet once more appears, yet again showing himself the
Old Fool to be yet again the Old Fool that the Old Fool is, full of personal
insults and personal invectives as he the Old Fool always...always...is.
The Old Fool clearly is stuck on doing the one and only thing that he the
Old Fool does best - personal insults and personal invectives. In this
venue of personal insults and personal invectives, the Old Fool is most
creative and dominant as well he the Old Fool should be inasmuch as that -
throwing out personal insults and personal invectives - is all...repeat,
all...that he the Old Fool does well.

Should the Old Fool deign to respond, look for even more personal invectives
and personal insults from the Old Fool. Why? Well, clearly and obviously
because - once again - that is all the Old Fool is good for.

[wolfbat359]

On Sunday, August 14, 2016 at 12:21:27 AM UTC-6, wizardr...@msn.com wrote:
> You're right about Z being stupid. He's as dumb as they come. He has to take his shoe just to count past ten.

What does he have 6 toes?

[islander]

Is that only a problem because of Prop 13?

[El Castor]

Nope. Nothing to do with Prop 13.

I learned about the difference between JTWROS and CPWROS only
recently. An article in the local paper explained how a man whose wife
died, sold the house and was impaled by capital gains taxes that could
have been avoided. Here is one of many web sites with articles on the
subject ...
"Community Property with Right of Survivorship in California"
http://www.legalmatch.com/law-library/article/community-property-with-right-of-survivorship-in-california.html

No idea if Washington is also a CPWROS state, but I think it may be.

[islander]

Yes, Washington is also a CPWROS state. The article that you posted
does not make it clear whether this is an issue of California capital
gains or federal capital gains or both. Washington does not tax income,
capital gains or otherwise, so it may not be an issue here.

[El Castor]

Don't take my word for it, but it's federal as well as state.

[billbowden]

"Z" <z...@ajbchqjwrn.com> wrote in message news:nonhoh$ia7$3...@dont-email.me...

> Jim_Higgins wrote:
>> On 8/13/16 11:06 AM, islander wrote:
>>> On 8/12/2016 7:27 PM, wolfbat359 wrote:
>>>> http://www.nytimes.com/2016/08/12/business/how-much-does-donald-trump-pay-in-taxes-it-could-be-zero.html?ref=todayspaper&_r=0
>>>>
>>>>
>>>>
>>>> Mitt Romney was excoriated during the 2012 presidential campaign for
>>>> paying $4.9 million in federal income tax, or an average of just 14
>>>> percent of his adjusted gross income, in the two years for which he
>>>> released returns.
>>>>
>>>> No one should be surprised, though, if Donald J. Trump has paid far

>>>> less - perhaps even zero federal income tax in some years. Indeed,

Buffet paid more than 6 million in tax in 2010. Probably more than his
secretary made in her lifetime. And, if he wants to pay more, he can always
log onto the pay.gov website and make a contribution to reduce the public
debt.

https://www.pay.gov/public/form/start/23779454/

Gifts to Reduce the Public Debt
Use this form for contributions to reduce the public debt..

Paying online with Pay.gov is safe, secure, and the preferred method to make
a payment. To make a payment using one of the below accepted payment
methods, please click the Continue to the Form button.

[wolfbat359]

It should be a group action! I know how you hate that!

[billbowden]

"wolfbat359" <wolfb...@gmail.com> wrote in message
news:fad1d168-c3e1-4c5e...@googlegroups.com...

> On Monday, August 15, 2016 at 8:12:34 PM UTC-6, billbowden wrote:
>> "Z" <z...@ajbchqjwrn.com> wrote in message
>> news:nonhoh$ia7$3...@dont-email.me...

>> > Yeah, the complicated loop holes were meant for the middle class, NOT.
>> > The
>> > point, dumb fuck, is that Trump shouldn't pay less taxes than his
>> > secretary does. It's called the "Buffet Rule".
>> > --
>> > Z
>>
>> Buffet paid more than 6 million in tax in 2010. Probably more than his
>> secretary made in her lifetime. And, if he wants to pay more, he can
>> always
>> log onto the pay.gov website and make a contribution to reduce the public
>> debt.
>>
>> https://www.pay.gov/public/form/start/23779454/
>>
>> Gifts to Reduce the Public Debt
>> Use this form for contributions to reduce the public debt..
>>
>> Paying online with Pay.gov is safe, secure, and the preferred method to
>> make
>> a payment. To make a payment using one of the below accepted payment
>> methods, please click the Continue to the Form button.
>
> It should be a group action! I know how you hate that!

The point is, if Buffet has a guilty conscience about his taxes, he can
always donate a few million more.

[wolfbat359]

A drop in the bucket!