abovetheearth Posted October 3, 2016 Share Posted October 3, 2016 i would say im not angry at trump for beating a loophole. more angry at the fact that he's a hypocrite on his most basic argument of being a champion of the working people. Exploitation of tax loopholes may not be illegal but they are often immoral. The question is if he has avoided paying tax for decades- does he have the moral character to lead the country, even if you think he has the business smarts. stl_ben 1 Quote Link to comment Share on other sites More sharing options...
WAXXX Posted October 3, 2016 Share Posted October 3, 2016 1 minute ago, abovetheearth said: i would say im not angry at trump for beating a loophole. more angry at the fact that he's a hypocrite on his most basic argument of being a champion of the working people. Exploitation of tax loopholes may not be illegal but they are often immoral. The question is if he has avoided paying tax for decades- does he have the moral character to lead the country, even if you think he has the business smarts. but... taxation is theft. Quote Link to comment Share on other sites More sharing options...
boops_popmarket Posted October 3, 2016 Share Posted October 3, 2016 Must read for those who want to open their minds: https://en.wikipedia.org/wiki/Sovereign_citizen_movement Quote Link to comment Share on other sites More sharing options...
jerseydave77 Posted October 3, 2016 Share Posted October 3, 2016 Anyone get Tila Tequila's opinion on this latest Trump revelation? WAXXX and Tommy 2 Quote Link to comment Share on other sites More sharing options...
tipyourbartender Posted October 3, 2016 Share Posted October 3, 2016 (edited) 1 hour ago, abovetheearth said: i would say im not angry at trump for beating a loophole. more angry at the fact that he's a hypocrite on his most basic argument of being a champion of the working people. Exploitation of tax loopholes may not be illegal but they are often immoral. The question is if he has avoided paying tax for decades- does he have the moral character to lead the country, even if you think he has the business smarts. It wasn't exploitation and it wasn't a loophole. It's amazing how you can spin a story based on 3 pages of a thousand plus page tax return. Her people are foaming at the mouths trying to make him look bad for this. His people are calling him a genius. It's amazing. The truth is, especially in real estate, you have periods of loss and periods of gain. That's why you look at several years of financial statements when making decisions, not a tiny fraction of one. If I invest a million dollars of my own money to open a record store, and it fails, the government will cover my ass by allowing me to not pay income taxes for a few years. The amount of years is determined by how much I lost. It's a good practice. You can even apply this to personal losses in the stock market. Good to know right? We can thank Trump for helping us learn something valuable about finances today. You raise a really good point about his morality and ethics. There has been an interest in a business type running for President in almost every election cycle. The guy is his own worst enemy. He has trouble forming his thoughts into clear and coherent sentences plus he has no filter. The people running the RNC must be shitting their pants every time he opens his mouth. Does Clinton have the moral character to lead the Country? It always comes down to the lesser of two evils. This election is no different in that way. Edited October 3, 2016 by tipyourbartender WAXXX and abovetheearth 2 Quote Link to comment Share on other sites More sharing options...
abovetheearth Posted October 3, 2016 Share Posted October 3, 2016 exploitation - the action of making use of and benefiting from resources. Quote Exploitation of tax loopholes..... Here, lets make it: Exploitation of tax laws..that work for you? Quote Link to comment Share on other sites More sharing options...
nancy_raygun Posted October 3, 2016 Share Posted October 3, 2016 (edited) This thread smells like old lady Edited October 3, 2016 by nancy_raygun tipyourbartender and WAXXX 2 Quote Link to comment Share on other sites More sharing options...
aleon Posted October 3, 2016 Share Posted October 3, 2016 It seems more alarming that he lost more than $900 million in one year. I thought he was some great businessman who only had the best people. futures 1 Quote Link to comment Share on other sites More sharing options...
Bladewillisisdead Posted October 3, 2016 Share Posted October 3, 2016 3 hours ago, WAXXX said: but... taxation is theft. Taxation is the price we pay to live in the country. A country requires infrastructure. If you want to live on a floating garbage island in international waters then you don't have to pay taxes. Death to libertarianism. nancy_raygun 1 Quote Link to comment Share on other sites More sharing options...
tipyourbartender Posted October 3, 2016 Share Posted October 3, 2016 http://www.marketwatch.com/story/why-trumps-big-tax-loss-may-not-have-been-a-cash-loss-at-all-2016-10-03 This is a pretty good article. NYT also leaked the first pages of his NJ and CT returns. The NJ returns show a taxable income of 19.5 million for that year. Quote Link to comment Share on other sites More sharing options...
boops_popmarket Posted October 3, 2016 Share Posted October 3, 2016 The problem is that even if you abolish taxes, women still have the right to not see how amazing of a guy you are. That's what we should be addressing when we consider a utopian society catered toward young frustrated males. Quote Link to comment Share on other sites More sharing options...
Bladewillisisdead Posted October 3, 2016 Share Posted October 3, 2016 1 minute ago, rds said: The problem is that even if you abolish taxes, women still have the right to not see how amazing of a guy you are. That's what we should be addressing when we consider a utopian society catered toward young frustrated males. God damn fem-nazis #MensRights #Incel Quote Link to comment Share on other sites More sharing options...
tipyourbartender Posted October 3, 2016 Share Posted October 3, 2016 (edited) 39 minutes ago, Bladewillisisdead said: Taxation is the price we pay to live in the country. A country requires infrastructure. If you want to live on a floating garbage island in international waters then you don't have to pay taxes. Death to libertarianism. Federal and state income tax is theft. There are many other types of taxes the government collects. Most are bullshit. Many you could argue are fair and maybe even necessary. People fundamentally disagree with the concept of a large federal government. Huge taxes on every dollar that is passed back and forth just inflates this huge terrible beast that nobody wanted in the first place. We want to reduce taxes thus reduce the size of the government. Amazon and UPS will maintain the roads if they want to keep selling people stupid shit all day long. Freedom isn't free but it only cost a $1.05 Edited October 4, 2016 by tipyourbartender WAXXX 1 Quote Link to comment Share on other sites More sharing options...
Bladewillisisdead Posted October 4, 2016 Share Posted October 4, 2016 That's why we need elements of socialism. We need less of the government's money going to corporate bailouts, wasteful military spending, and shit like that. We need more of that money going towards social programs. We need government regulation on a lot of shit too. Not arguing for current systems, but we still need it. Things like food stamps and welfare cost taxpayers a nearly negligible fraction of what we pay. If we restructure we can pay for things like socialized medicine without having to bat an eye. The military industrial complex is where we're wasting money. nancy_raygun 1 Quote Link to comment Share on other sites More sharing options...
WAXXX Posted October 4, 2016 Share Posted October 4, 2016 people need to to start getting 100% of their pay and have to personally write a check to the government each time their taxes are due. then they will start to realize they are getting screwed and the "return" they are getting on every tax dollar is a complete joke. Quote Link to comment Share on other sites More sharing options...
YouTwo Posted October 4, 2016 Share Posted October 4, 2016 (edited) 12 hours ago, Bladewillisisdead said: Things like food stamps and welfare cost taxpayers a nearly negligible fraction of what we pay. If we restructure we can pay for things like socialized medicine without having to bat an eye. The military industrial complex is where we're wasting money. But... but... the conservative media told me those are all bad things and socialized is a bad word. Edited October 4, 2016 by YouTwo Quote Link to comment Share on other sites More sharing options...
WAXXX Posted October 4, 2016 Share Posted October 4, 2016 14 hours ago, Bladewillisisdead said: Things like food stamps and welfare cost taxpayers a nearly negligible fraction of what we pay. If we restructure we can pay for things like socialized medicine without having to bat an eye. The military industrial complex is where we're wasting money. your statement is provably false. we're wasting money in every single place we spend tax dollars. if you look at 2015, defense spending actually took a backseat to welfare programs. http://www.cbpp.org/research/federal-budget/policy-basics-where-do-our-federal-tax-dollars-go social security 24% of national budget $888 billion mediare, medicaid, CHIP, & marketplace subsidies 25% of national budget $938 billion defense & international security assistance 16% of national budget $602 billion safety net programs (more welfare) 10% of budget $362 billion this comes to a whopping 59% of the national budget that is currently being spent on welfare and it's growing rapidly. and now a drumroll, for the biggest wastes of taxpayer money in our lifetime: bank bailouts: $16.8 trillion http://www.forbes.com/sites/mikecollins/2015/07/14/the-big-bank-bailout/#2fc01b7c3723 iraq and afghanistan: $4-6 trillion http://time.com/3651697/afghanistan-war-cost/ how will this improve? and which candidate has received the most money from wall street, hedge funds, financial services, and military defense contractors? Quote Link to comment Share on other sites More sharing options...
daegor Posted October 4, 2016 Share Posted October 4, 2016 You have some good numbers there Wax, but I feel the need to point out that the idea of whether or not taxes should be collected at all is entirely different than deciding if taxes are being spent responsibly/with the taxpayer's interest in mind. Just because the US is doing piss poor job managing the money does not mean that collecting no taxes (or significantly less) is a better option. I do share your sentiment that the situation will not improve. Quote Link to comment Share on other sites More sharing options...
WAXXX Posted October 4, 2016 Share Posted October 4, 2016 17 minutes ago, daegor said: Just because the US is doing piss poor job managing the money does not mean that collecting no taxes (or significantly less) is a better option. i hear ya. as much as i'd like to pay $0 in taxes, we're in way too deep to stop collecting taxpayer money without dire consequences. that being said, we could get away with collecting significantly less with proper reform. the decision to invade countries, bomb countries, and bailout businesses are happening against the will of the american people. it's happening because lobbyists are getting what they want. follow the money. our welfare programs are a complete bust. we are spending record amounts on government assistance and these programs aren't making the poorer more wealthy. https://www.advisorperspectives.com/dshort/updates/u-s-household-incomes-a-49-year-perspective we are spending $2.18 trillion a year to help the economically disadvantaged, yet those in the middle and lower class are actually making less now (adjusted for inflation) than they were before the turn of the century. it's deplorable that only 3% of our tax dollars go towards education and job training, which is the only thing that will truly help the poorest in our society. Quote Link to comment Share on other sites More sharing options...
daegor Posted October 4, 2016 Share Posted October 4, 2016 5 minutes ago, WAXXX said: i hear ya. as much as i'd like to pay $0 in taxes, we're in way too deep to stop collecting taxpayer money without dire consequences. that being said, we could get away with collecting significantly less with proper reform. the decision to invade countries, bomb countries, and bailout businesses are happening against the will of the american people. it's happening because lobbyists are getting what they want. follow the money. 110% agree with this. 6 minutes ago, WAXXX said: our welfare programs are a complete bust. we are spending record amounts on government assistance and these programs aren't making the poorer more wealthy. https://www.advisorperspectives.com/dshort/updates/u-s-household-incomes-a-49-year-perspective we are spending $2.18 trillion a year to help the economically disadvantaged, yet those in the middle and lower class are actually making less now (adjusted for inflation) than they were before the turn of the century. it's deplorable that only 3% of our tax dollars go towards education and job training, which is the only thing that will truly help the poorest in our society. There are two issues with Welfare as far as I see it. The point isn't to make people more wealthy. Or shouldn't be, rather, but simply to be a support system, a failsafe, for people in a bad situation. The idea being that it costs the Government / Public less money to help people before their situation gets critically bad. If they don't offer any help more people end up in a situation where taxes aren't paid, bankruptcies are declared, etc, etc. The problem here is that there is no real, meaningful attempt to rehabilitate the situation to where they don't need Welfare anymore, which should always been the goal. People abuse it. I truly think that if you're going to take a handout (at the Welfare level or at the bank bailout level), you need to be held to a very high standard of accountability. There needs to be consequences for abuse of the system, and ways to find out if someone is abusing it. Properly managed it can save the country money, it is about the furthest from being properly managed as you can get. Quote Link to comment Share on other sites More sharing options...
tipyourbartender Posted October 4, 2016 Share Posted October 4, 2016 In 2015 HRC claimed a 700,000 loss on long term investments. She used the massive loss to offset her current taxes just like Trump allegedly did. Their hypocrisy and their lies know no bounds. Quote Link to comment Share on other sites More sharing options...
boops_popmarket Posted October 4, 2016 Share Posted October 4, 2016 (edited) Wow. That is a massive, huge, hulking, historic, crooked, corrupt $700K loss and tax claim. This makes Trump's alleged, unverified, likely false, largely-biased-in-its-reporting, illegally-obtained $900 million loss and tax claim look like a drip in the bucket. I can't believe Clinton would say "No one should ever claim losses on investments. Period." when she knew that she had this crooked skeleton in her closet. Trump is looking like the better and more honest candidate every day. Edited October 4, 2016 by rds nancy_raygun and tipyourbartender 2 Quote Link to comment Share on other sites More sharing options...
boops_popmarket Posted October 4, 2016 Share Posted October 4, 2016 Here are several tweets that Clinton made admonishing her Republican opponents for not paying enough taxes, which are now VERY awkward and crooked after this morning's bombshell about Crooked Hillary claiming a $700K loss on her 2015 taxes. $700K. Can you imagine if you or I claimed that? We'd be in prison. https://thinkprogress.org/7-tweets-by-trump-about-taxes-that-are-very-awkward-now-75b500ea4f45#.jt5ja45dv ^ Of course, liberals will completely ignore this. That is their hypocrisy, folks. If you ask me, Crooked Crillary should be in prison and Donald Trump is a great honest man who will save this country. Quote Link to comment Share on other sites More sharing options...
boops_popmarket Posted October 4, 2016 Share Posted October 4, 2016 Uh. Shoot. I didn't read that link URL right. That's not what I meant to post. How do I delete a post? Help. Hello. Mods, please delete my last post ASAP. Don't read the link! Stop! futures 1 Quote Link to comment Share on other sites More sharing options...
WAXXX Posted October 4, 2016 Share Posted October 4, 2016 (edited) mods, @rds needs assistance deleting their account. please help. disregard. issue has been resolved. Edited October 4, 2016 by WAXXX Quote Link to comment Share on other sites More sharing options...
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