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President Trump

President Trump

Old Oct 2nd 2016, 4:03 am
  #1786  
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Default Re: President Trump

October surprises?

It's only the first of the month and the latest exposé on Trump is that he was he lost $916m on a casino and used it to avoid taxes for 18 yrs. Nytimes has his return from 1995.

World's worst businessman.
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Old Oct 2nd 2016, 9:47 am
  #1787  
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Default Re: President Trump

It's obvious he is losing the plot @ a fast rate off knots

Trump has Meltdown at Rally as NYT Bombshell Article Goes to Print


The next mail contained this.

Trump's Florida spokesperson resigns as campaign responds to allegations of Cuba payoffs

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Old Oct 2nd 2016, 3:12 pm
  #1788  
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Default Re: President Trump

Originally Posted by sir_eccles View Post
October surprises?

It's only the first of the month and the latest exposé on Trump is that he was he lost $916m on a casino and used it to avoid taxes for 18 yrs. Nytimes has his return from 1995.

World's worst businessman.
I am curious as to why he wouldn't use his tax loss carry-forward ? Would anyone who had a tax loss carry-forward not use it ? Does anyone pay more tax than they need to ?
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Old Oct 2nd 2016, 3:28 pm
  #1789  
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Default Re: President Trump

Originally Posted by johnwoo View Post
Trump surrogates, Gingrich, Giuliani, Christie attacking Hillary Clinton over Bill's affairs, what a bunch of despicable excuse for human beings to have in ones camp. Hard to find a more loathsome, disgusting group fellow travelers anywhere.
Both side in this election are really showing little class and decency.

I am very disappointed with Giuliani who several years ago I had a conversation with. It is one thing to be loyal to a friend, to fight for your view, another to be so unfair.

I am not a Clinton supporter but this attack by Trump surrogates will backfire. Hilary attacked women who threatened her family and marriage, perfectly normal. She suffered hurt yet kept her family together. I think Hilary deserves a lot of credit on this issue.
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Old Oct 2nd 2016, 5:32 pm
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Default Re: President Trump

Originally Posted by morpeth View Post
I am curious as to why he wouldn't use his tax loss carry-forward ? Would anyone who had a tax loss carry-forward not use it ? Does anyone pay more tax than they need to ?
From a tax law POV yeah he likely did little wrong. But it does indicate what is wrong with this country and what will only get worse with his tax proposals.

Also his only platform is that he is a great businessman. The best. He lost a billion dollars running a casino, a business that is a virtual license to print money because the house always wins. In going bust (again) his stiffed his investors, cost thousands their jobs just so he could fudge his taxes and protect #1. If you think he is going to do something for you forget it.

Also 1995 the economy grew 2.5%.he is even on record praising the Clinton policies that got it there.
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Old Oct 2nd 2016, 7:44 pm
  #1791  
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Default Re: President Trump

Originally Posted by morpeth View Post
I am curious as to why he wouldn't use his tax loss carry-forward ? Would anyone who had a tax loss carry-forward not use it ? Does anyone pay more tax than they need to ?
Not sure that argument will go down well with the tens millions who have no choice other than to pay tax, who cannot afford expensive accountants or use tax avoidance schemes.
Only the rich are able to pay less tax than they should.
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Old Oct 2nd 2016, 9:20 pm
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Default Re: President Trump

Originally Posted by EMR View Post
Not sure that argument will go down well with the tens millions who have no choice other than to pay tax, who cannot afford expensive accountants or use tax avoidance schemes.
Only the rich are able to pay less tax than they should.
Around where I live I am not sure it will make any difference on how people will vote. People against Trump seem no matter what will vote against him. People for Trump don't seem to care what media says or what Trump says, a blind protest vote against the current system or political correctness.

Rich will always find ways around the current complicated tax code. Neither candidate proposing anything more thank to modify elements of the tax code.
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Old Oct 2nd 2016, 9:29 pm
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Default Re: President Trump

Originally Posted by sir_eccles View Post
From a tax law POV yeah he likely did little wrong. But it does indicate what is wrong with this country and what will only get worse with his tax proposals.

Also his only platform is that he is a great businessman. The best. He lost a billion dollars running a casino, a business that is a virtual license to print money because the house always wins. In going bust (again) his stiffed his investors, cost thousands their jobs just so he could fudge his taxes and protect #1. If you think he is going to do something for you forget it.

Also 1995 the economy grew 2.5%.he is even on record praising the Clinton policies that got it there.
The tax loss carryforward rules can help a business recover from a bad year instead of just closing shop, which I think was the original intent. Eliminating those rules could have a negative effect, though as part of a real overhaul of the tax code to remove the complications that allow people or companies to operate tax free may be worth it.

As far Trump it actually could be worse, if he had a tax loss carryforwards, and then declared bankruptcy to avoid debts that caused the loss in the first place and was able to transfer ownership ,restructure agreements to avoid recapture, he could have made even more than simply reducing future taxes.
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Old Oct 2nd 2016, 9:35 pm
  #1794  
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Default Re: President Trump

I will be in Missisippi on tuesday which is Trump country and where the old pre civil rights atitudes are still not far beneath the surface.
Where we heard the N word used in general conversation more than once on our last visit.
There a vote against perceived political correctness and loss of opportunities for poor whites is certainly true.
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Old Oct 2nd 2016, 9:51 pm
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Default Re: President Trump

Originally Posted by sir_eccles View Post
From a tax law POV yeah he likely did little wrong. But it does indicate what is wrong with this country and what will only get worse with his tax proposals.

Also his only platform is that he is a great businessman. The best. He lost a billion dollars running a casino, a business that is a virtual license to print money because the house always wins. In going bust (again) his stiffed his investors, cost thousands their jobs just so he could fudge his taxes and protect #1. If you think he is going to do something for you forget it.

Also 1995 the economy grew 2.5%.he is even on record praising the Clinton policies that got it there.
Maybe someone can explain how he runs his businesses. I always considered him a good promoter, and obviously if a good businessman means he can make money as an investor in real estate, then I guess he is one. I know a fellow who ( on a smaller level) considers himself a "serial entrepreneur", he has started many businesses, some make it some don't. But he has never shown ability to build and manage a complex large business.

So looking at Trump sure I think obvious he would understand more about using the tax code, more about doing deals, and negative effect of over-regulation, than his opponent. (How increasing taxes and regulation will help promote economic growth I do not understand).

But what shows Trump is able to manage large complex organizations ? I hear about the thousands of jobs he has " created", but I understand he makes a lot of money just franchising his name- so if someone builds a Trump resort licensing his name or having him as an investor, but then a management company runs the resort and hires the staff, does this make him a good manager ? Maybe he can claim credit for facilitating the deal which then resulted in more employment.

I don't have much confidence either candidate will change the long term economic trends.

But I always considered him mainly a promoter and investor. Maybe I don't know enough about his business, but I am starting to wonder how exactly his organization employs thousands of people.

Last edited by morpeth; Oct 2nd 2016 at 9:54 pm.
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Old Oct 2nd 2016, 10:44 pm
  #1796  
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Default Re: President Trump

Originally Posted by morpeth View Post
But I always considered him mainly a promoter and investor. Maybe I don't know enough about his business, but I am starting to wonder how exactly his organization employs thousands of people.
I think you're probably very close to accurate, if not dead on.

Trump probably doesn't employ 1,000's, but the resort management companies/security/other he contracts out to (likely the lowest tender) will hire that many at the lowest wage they can get away with.
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Old Oct 2nd 2016, 11:21 pm
  #1797  
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Default Re: President Trump

Originally Posted by EMR View Post
There a vote against perceived political correctness and loss of opportunities for poor whites is certainly true.
Trump is right that the political system is rigged, but not against people like him, as his tax avoidance proves, but rigged against the poor, whatever colour they may be.
If the poor who are going to vote for him think that's going to change anything. They should think again. Then again that is not going to change much in the foreseeable future whoever becomes President.
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Old Oct 2nd 2016, 11:55 pm
  #1798  
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Default Re: President Trump

Originally Posted by johnwoo View Post
Trump is right that the political system is rigged, but not against people like him, as his tax avoidance proves, but rigged against the poor, whatever colour they may be.
If the poor who are going to vote for him think that's going to change anything. They should think again. Then again that is not going to change much in the foreseeable future whoever becomes President.
The kind of President the U.S. needs to protect the poor will never ever make it far enough in politics to make anything more than a local difference.
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Old Oct 3rd 2016, 12:10 am
  #1799  
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Default Re: President Trump

Trump is a carnival Barker. He doesn't care about product or anything. If he can funnel cash into his pockets while the business collapses around him then in his mind he has succeeded.

There is likely something much worse in the tax return yet to be released.

Whatever is actually in Trump’s tax returns is worse than what the New York Times says - Vox

Interesting analysis. Nytimes didn't actually say he didn't pay tax just he could've been allowed to . The Trump campaign issues lame non-denial without refuting the facts. They could have released his taxes and it would all have gone away. Unless his tax returns contain something even worse!
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Old Oct 3rd 2016, 11:21 am
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Default Re: President Trump

Just to add to the above.

https://www.dailykos.com/stories/201...them-to-change


http://www.dailykos.com/stories/2016...he-Oval-Office

Last edited by Ingles; Oct 3rd 2016 at 11:24 am. Reason: added link
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