Send CathInfo's owner Matthew a gift from his Amazon wish list:
https://www.amazon.com/hz/wishlist/ls/25M2B8RERL1UO

Author Topic: Donald Trump paid no income tax in 10 of last 15 years: NY Times  (Read 835 times)

0 Members and 1 Guest are viewing this topic.

Offline Xenophon

  • Newbie
  • *
  • Posts: 95
  • Reputation: +70/-32
  • Gender: Male
  • hi
    • Papist Coffee
Donald Trump paid no income tax in 10 of last 15 years: NY Times
« on: September 27, 2020, 05:49:05 PM »
  • Thanks!0
  • No Thanks!0
  • Donald Trump paid no income tax in 10 of last 15 years: NY Times
    US president paid $750 in federal income taxes in 2016 and 2017, the New York Times reports, citing tax return data.

    Link to article on AlJazeera

    “The Roman pontiff is the true vicar of Christ, the head of the whole church and the father and teacher of all Christians; and to him was committed in blessed Peter, by our lord Jesus Christ, the full power of tending, ruling and governing the whole church.” Council of Florence, Session 6


    Offline josefamenendez

    • Hero Member
    • *****
    • Posts: 4429
    • Reputation: +2950/-199
    • Gender: Female
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #1 on: September 27, 2020, 05:55:26 PM »
  • Thanks!0
  • No Thanks!0
  • oops


    Offline RomanCatholic1953

    • Hero Member
    • *****
    • Posts: 10512
    • Reputation: +3267/-207
    • Gender: Male
    • I will not respond to any posts from Poche.
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #2 on: September 27, 2020, 06:30:40 PM »
  • Thanks!1
  • No Thanks!0
  • Fake News. We should not trust Aljazeera.   

    Offline Xenophon

    • Newbie
    • *
    • Posts: 95
    • Reputation: +70/-32
    • Gender: Male
    • hi
      • Papist Coffee
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #3 on: September 27, 2020, 07:15:58 PM »
  • Thanks!0
  • No Thanks!0
  • Fake News. We should not trust Aljazeera.  
    WASHINGTON (Reuters) - President Donald Trump paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises to offset hundreds of millions of dollars in income, the New York Times reported on Sunday, citing tax-return data.

    How about Reuters or NY Times then?

    Do you really find it hard to believe that Donald Trump, a comedian and host of obscene TV show The Apprentice, former owner of the "Miss universe Organization", Father of the тαℓмυdist/zionist Yael Kushner and Jared Kushner, frequent engager with "pornstars" and notorious pedophiles like Jeffery Epstein would not lie about his riches to evade paying taxes?
    “The Roman pontiff is the true vicar of Christ, the head of the whole church and the father and teacher of all Christians; and to him was committed in blessed Peter, by our lord Jesus Christ, the full power of tending, ruling and governing the whole church.” Council of Florence, Session 6

    Offline Seraphina

    • Sr. Member
    • ****
    • Posts: 2943
    • Reputation: +2056/-184
    • Gender: Female
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #4 on: September 27, 2020, 11:43:26 PM »
  • Thanks!1
  • No Thanks!0
  •  :fryingpan:  He’s too smart to pay taxes!


    Offline MaterDominici

    • Mod
    • *****
    • Posts: 5442
    • Reputation: +4156/-96
    • Gender: Female
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #5 on: September 27, 2020, 11:47:08 PM »
  • Thanks!1
  • No Thanks!0
  • :fryingpan:  He’s too smart to pay taxes!
    Or at least his accountant is.
    "I think that Catholicism, that's as sane as people can get."  - Jordan Peterson

    Offline claudel

    • Full Member
    • ***
    • Posts: 1776
    • Reputation: +1335/-419
    • Gender: Male
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #6 on: September 28, 2020, 02:23:15 AM »
  • Thanks!5
  • No Thanks!0

  • Or at least his accountant is.

    When a rich guy has to pay taxes in five of fifteen years, it means his accountant isn't doing his job. Trump and people like him are routinely audited every year, and except for the Clintons, almost all of them obey the tax laws in every detail. The consequences of error or, especially, fraud are simply too grave to risk.

    Apropos the virtue-signaling comment of the troll Xenophon, he plainly fails to recognize that the only serious crimes here are those committed by the New York Times, which illegally obtained and published confidential tax information. Both of these acts are felonies—indeed, the charge that Richard Nixon merely attempted to gain access to tax records of his Democratic opponents was one of the articles of impeachment voted against him in 1974—but Trump's critics, from the (((Times's owners and editors))) on down to black thugs and murderers, are for all intents and purposes immune from prosecution nowadays for any crime, no matter how grave it might be.

    Offline Quo vadis Domine

    • Supporter
    • *****
    • Posts: 4199
    • Reputation: +2439/-557
    • Gender: Male
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #7 on: September 28, 2020, 07:40:27 AM »
  • Thanks!1
  • No Thanks!0
  • When a rich guy has to pay taxes in five of fifteen years, it means his accountant isn't doing his job. Trump and people like him are routinely audited every year, and except for the Clintons, almost all of them obey the tax laws in every detail. The consequences of error or, especially, fraud are simply too grave to risk.

    Apropos the virtue-signaling comment of the troll Xenophon, he plainly fails to recognize that the only serious crimes here are those committed by the New York Times, which illegally obtained and published confidential tax information. Both of these acts are felonies—indeed, the charge that Richard Nixon merely attempted to gain access to tax records of his Democratic opponents was one of the articles of impeachment voted against him in 1974—but Trump's critics, from the (((Times's owners and editors))) on down to black thugs and murderers, are for all intents and purposes immune from prosecution nowadays for any crime, no matter how grave it might be.
    Great response! I would only add that Trump probably pays more in property and sales taxes in one year than the average American (90%?) pays in total taxes of their entire lifetime. Income and property taxes are incompatible with any free society.
    For what doth it profit a man, if he gain the whole world, and suffer the loss of his own soul? Or what exchange shall a man give for his soul?


    Offline Pax Vobis

    • Supporter
    • *****
    • Posts: 10313
    • Reputation: +6220/-1742
    • Gender: Male
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #8 on: September 28, 2020, 08:24:08 AM »
  • Thanks!0
  • No Thanks!0
  • Quote
    When a rich guy has to pay taxes in five of fifteen years, it means his accountant isn't doing his job.

    Agree.  Especially in real estate.  There are special tax laws which allow one to build a building (which usually takes multiple years), and you don't pay any taxes until it's finally sold,  You can take the profit and buy another piece of land for the next property.  Tax law allows you to not pay taxes if you are re-investing the profit into another property.  In theory, the tax liability still exists, you have just kicked it down the road and it's now part of the new property.  You can do this indefinitely.  I know house builders/flippers who use it at the local level all the time.
    .
    I don't agree with the tax law necessarily (or believe it shouldn't be able to be used indefinitely) but it's the law, so you can use it to your advantage.

    Offline RomanCatholic1953

    • Hero Member
    • *****
    • Posts: 10512
    • Reputation: +3267/-207
    • Gender: Male
    • I will not respond to any posts from Poche.
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #9 on: September 28, 2020, 09:01:52 AM »
  • Thanks!0
  • No Thanks!0
  • Anonymously Sourced NYT Report: Trump Paid $750 in Income Taxes in 2016, 2017

    'most, if not all, of the facts appear to be inaccurate...'
    ByAssociate Editor
    September 27, 2020

    AP Photo: President Donald Trump.


    (Headline USA) President Donald Trump allegedly paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to an anonymously sourced report Sunday in the New York Times, which refused to disclose how it came across or obtained the information.
    The report says that Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal income taxes in 10 of the past 15 years.
    The president’s financial disclosures indicated he earned at least $434.9 million in 2018, but the tax filings reported a $47.4 million loss.
    Roughly half of Americans pay no income taxes, primarily because of how low their incomes are. But IRS figures indicate that the average tax filer paid roughly $12,200 in 2017, about 16 times more than what the report said the president paid.
    The Times said the disclosure comes from tax return data it obtained extending over two 
    Speaking at a news conference Sunday at the White House, Trump dismissed the report as “fake news” and maintained he has paid taxes, though he gave no specifics.
    He also vowed that information about his taxes “will all be revealed,” but he offered no timeline for the disclosure and made similar promises during the 2016 campaign on which he never followed through.
    A lawyer for the Trump Organization, Alan Garten, and a spokesperson for the Trump Organization did not immediately respond to a request for comment from The Associated Press on the report.
    Garten told the Times that “most, if not all, of the facts appear to be inaccurate.”
    He said in a statement to the news organization that the president “has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”
    A serial purveyor of anonymously-sourced reports on Trump during his administration — many of which were unproven or turned out not to be true — the Times said it declined to provide Garten with the tax filings in order to protect its sources, but it said its sources had legal access to the records.
    The president has fielded court challenges against those seeking access to his returns, including the U.S. House, which is suing to get Trump’s tax returns as part of congressional oversight that does not suggest any crime has been committed.
    During his first two years as president, Trump allegedly received $73 million from foreign operations, which in addition to his golf properties in Scotland and Ireland included $3 million from the Philippines, $2.3 million from India and $1 million from Turkey, among other nations.
    The report said the president in 2017 paid $145,400 in taxes in India and $156,824 in the Philippines, compared to just $750 in U.S. income taxes. The Times said the tax records did not reveal any unreported connections to Russia.
    Trump, starting in 2010, claimed and received an income tax refund that totaled $72.9 million, which the Times said was at the core of an ongoing audit by the IRS.
    The Times said a ruling against Trump could cost him $100 million or more.
    The president could also face mounting financial pressure in the years ahead. The tax records show he’s carrying a total of $421 million in loans and debt that are primarily due within four years.
    Most of that debt comes from the Doral golf resort in Florida ($125 million) and Trump’s Washington hotel ($160 million), two properties that the Times said are struggling financially.
    During his first general election debate against Democrat Hillary Clinton in 2016, Clinton said that perhaps Trump wasn’t releasing his tax returns because he had paid nothing in federal taxes.
    Trump interrupted her to say, “That makes me smart.”
    The Times has spent little time and effort examining the questionable deals of his opponent for the presidency, Democrat Joe Biden, and his son Hunter, who reaped millions of dollars from relationships with companies and individuals in Russia, Ukraine, and China.
    Adapted from reporting by the Associated Press.


    Via: headlineusa.com

    Offline Yeti

    • Supporter
    • ****
    • Posts: 3482
    • Reputation: +2007/-447
    • Gender: Male
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #10 on: September 28, 2020, 09:05:07 AM »
  • Thanks!2
  • No Thanks!0
  • There is no reason to believe an anonymously sourced report.


    Offline SimpleMan

    • Hero Member
    • *****
    • Posts: 4386
    • Reputation: +1630/-194
    • Gender: Male
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #11 on: September 28, 2020, 09:20:37 AM »
  • Thanks!1
  • No Thanks!0
  • Agree.  Especially in real estate.  There are special tax laws which allow one to build a building (which usually takes multiple years), and you don't pay any taxes until it's finally sold,  You can take the profit and buy another piece of land for the next property.  Tax law allows you to not pay taxes if you are re-investing the profit into another property.  In theory, the tax liability still exists, you have just kicked it down the road and it's now part of the new property.  You can do this indefinitely.  I know house builders/flippers who use it at the local level all the time.
    .
    I don't agree with the tax law necessarily (or believe it shouldn't be able to be used indefinitely) but it's the law, so you can use it to your advantage.
    I'll second this.  As long as what you're doing isn't illegal, and there's no fraud or accounting shenanigans going on, if you can avoid paying taxes, more power to you.  All of the funds going to finance the nєω ωσrℓ∂ σr∂єr and its satanic tools of abortion, unjust wars, godless education, and so much more, these things alone are sufficient reason to avoid paying all the taxes you can avoid, as long as you can do so legally and ethically.

    A good tax accountant or attorney is worth his weight in gold, if you have that kind of money to manage.

    Offline RomanCatholic1953

    • Hero Member
    • *****
    • Posts: 10512
    • Reputation: +3267/-207
    • Gender: Male
    • I will not respond to any posts from Poche.
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #12 on: September 28, 2020, 09:33:53 AM »
  • Thanks!0
  • No Thanks!0
  • HUNTER BIDEN RECEIVED $3.5M WIRE TRANSFER FROM WIFE OF MOSCOW MAYOR - SENATE REPORT
    Published: September 25, 2020
    Share | Print This 









    SOURCE: NYPOST.COM



    Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the richest woman in Russia and the widow of Yury Luzhkov, the former mayor of Moscow, Senate Republicans revealed in their report on the younger Biden’s work in Ukraine.
    Baturina is referenced in the 87-page report, which was released Wednesday, addressing her payment to Biden’s investment firm in early 2014.
    “Baturina became Russia’s only female billionaire when her plastics company, Inteko, received a series of Moscow municipal contracts while her husband was mayor,” it said in providing background on the businesswoman.
    The report described her involvement with Biden as “a financial relationship,” but declined to delve deeper into why the wire transfer was made.
    The probe also found that Baturina sent 11 wires transfers between May and December 2015 to a bank account belonging to BAK USA, a tech startup that filed for bankruptcy in March 2019.
    READ MORE...

    SHARE THIS ARTICLE...

    Offline RomanCatholic1953

    • Hero Member
    • *****
    • Posts: 10512
    • Reputation: +3267/-207
    • Gender: Male
    • I will not respond to any posts from Poche.
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #13 on: September 28, 2020, 09:43:49 AM »
  • Thanks!0
  • No Thanks!0
  • "Totally Fake News"; NYT Publishes Summary of 20 years of Trump's Tax Returns:

    https://patriottruthnews.com/economy/totally-fake-news-nyt-publishes-summary-of-20-years-of-trump-tax-returns/

    Offline SimpleMan

    • Hero Member
    • *****
    • Posts: 4386
    • Reputation: +1630/-194
    • Gender: Male
    Re: Donald Trump paid no income tax in 10 of last 15 years: NY Times
    « Reply #14 on: September 28, 2020, 10:16:07 AM »
  • Thanks!0
  • No Thanks!0
  • "Totally Fake News"; NYT Publishes Summary of 20 years of Trump's Tax Returns:

    https://patriottruthnews.com/economy/totally-fake-news-nyt-publishes-summary-of-20-years-of-trump-tax-returns/
    Better to bleed the beast, than to feed the beast.  See my comments above.