Trump's mere existence is testing the limits of how substantial our legal institutions really are when it goes beyond petty crimes.
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Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father
- Thread starter Ac30
- Start date
Millions of Americans either won't believe this, won't care, or will think this makes him a really smart businessman.
It's really depressing.
It's really depressing.
Mueller's grandma knows Trump is a tax cheat, it's impossible for him to have not known
Trump didn't really think he'd win to begin with and since this information didn't surface until long after the 2016 elections, it would have remained buried if Clinton had made it into the Oval Office like she was supposed to. (there's no way the NYT would have put in the effort to dig this deep into the finances of a candidate who lost the election 2 years after the fact)
Trump was very much right to believe it wouldn't surface before November 2016, because it didn't. In a healthier media/political environment, the media would have burrowed into Trump's finances the moment he refused to disclose his tax returns. Heck, in a healthier media/political environment he would have been denied the nomination until he disclosed them. Trump got around that first defense mechanism by so oversaturating the media with a cluster bombardment of scandals that they never got around to focus on stuff like this. (made worse by the fact many mainstream media outlets were terrified of being seen as biased, so they could only devote half of their time to Trump's all-you-can-eat buffet of scandals while having to devote the other half to Hillary's emails)
Everyone now seems to confuse thinking something with knowing something. We all thought Trump was a tax cheat. This investigation is the first hard evidence of it and the fact that the evidence is now proven to exist is a massive story.
Seems like the story is gaining traction, they're talking about it on my news network in Quebec.
Here in the UK, a lot of people bought into the "self-made businessman" myth Trump pushed out, despite not even liking the guy. My mother was really surprised when I explained to her that he inherited his wealth from his father, and that he bankrupted several businesses including a casino. For some reason, that information just never spread, mostly by design I imagine.
This would have been nice to know before the election. The people who voted for him don't care that he does criminal things and that he's a grifter. To them that's part of his charm.
Weird, UK here and most people I discussed it with all knew before I told them that he had scores of failed businesses in the closet and was living on debt probably.
I love how there was an entire bullshit conspiracy theory built up around Obama's birth certificate, yet Trump was given a free pass on his tax returns despite the blatant signs of corruption.
The only thing shocking was it took this long to find out.
Its like the conspiracy of Obama's birth was about something else...if only we could figure it out....why was Obama different?...hmmmm.........
Its like the conspiracy of Obama's birth was about something else...if only we could figure it out....why was Obama different?...hmmmm.........
Nothing will happen. At this point I feel that Trump could shoot someone dead in broad daylight, and nothing will come of it.
"...I built this temple with nothing more than some elbow grease and a little can-do attitude... and yes, a large inheritance from my father..."
-White Goodman
He's literally a comedy villain
-White Goodman
He's literally a comedy villain
orange man bad = NYT is good
orange man is maybe not so bad = NYT fake news
This is stupid and false. The reason NYT gets shitted on is because they printed a dubiously sourced/heavily truth distorting hitpiece and either got played by the Trump team or is complicit. And they have employed Bari Weiss, need i say more?
If he pardons himself, does New York State still maintain the law that presidential pardons = state pardons?
I know it was on the books (and frankly I agree with it, despite this individual shitshow).
I know it was on the books (and frankly I agree with it, despite this individual shitshow).
I was being facetious, but not enough to warrant putting an /s. Maybe half a /s.
The second part contradicts the first part though? I mean if people who voted for him dont care what difference would it make if this was public before the election.
LOL I know. This place is stupidly reactionary.
The man as spent his entire adult life culturing that image. It's all he has. The minute that image goes away and people see through the facade, he's nothing. That's why he's so protective of anything related to his finances.
That's by design. It was Trump's own bullshit conspiracy. All he can do in life is deflect and project.
I think we can avoid strawman arguments. I can't speak for anyone else but I don't like the NYT's actions around white supremacy. I think that's justifiable. If you have reasons why I'm being unreasonable I'd love to hear them.
he's going to get off in the court of public opinion.
Many people are opposed to "inheritance taxes" with the mindset that families built their wealth to pass it on to their children.
If I had 50K left in the bank and wanted to pass it to my children, I wouldn't want the government to have a hand in it
Many people are opposed to "inheritance taxes" with the mindset that families built their wealth to pass it on to their children.
If I had 50K left in the bank and wanted to pass it to my children, I wouldn't want the government to have a hand in it
When is the day, forget about a day, just half a day this guy will not make news that are worse and worse. I mean this an unpredecend, even our shittiest president take some brak from time to time. Wow!
And to think after America will surprise us again. Well you managed to do it again lol.
And to think after America will surprise us again. Well you managed to do it again lol.
Let's just add this to the pile of scandals and illegalities that Trump has accumulated over the years.
And for whatever reason, he will not be held accountable. For none of it.
And for whatever reason, he will not be held accountable. For none of it.
Well in the case of $50k, that wouldn't be taxed at all; not at the federal level, and not in any state. In 2017, federal tax only applied for amounts over $5.5M per taxpayer. In 2018, that doubled (plus change).
Quite a few argue against the estate tax, even though it will never impact the majority of people.
You know... I really don't have an issue with some of this. Inheritance taxes are ridiculous. How many times does the government need to tax the same earnings? Once I've generated income, and paid taxes on it, I should be free to do whatever I want with it... including giving it away to someone in need or passing it along to my children. The amount of tax I actually pay on my income (federal, state, local, sales) is absurd.
this is why I think the public at large are going to give him a pass
1) Inheritance is income so it should absolutely be taxed.
2) The estate tax in the states has such a high threshold before it kicks in ($11M) that it nearly certainly doesn't apply to you and shedding tears for the super rich is weird.
Won't someone think of the millionaires! Their lives are so hard.
This is some deep, brutal, and fascinating reporting.
When you're white, it's alright.
I'm not going to dunk on the paper as a whole but their Rosenstein reporting was pretty garbage.
Go luck up definitions of income. Inheritance is not income. I respect your position, I just don't think one's money should be taxed multiple times. Also, not only is inheritance tax absurd, so is the gift tax. And that has a MUCH lower threshold.
It's not about the millionaires, it's about the principle. No one's money should be taxed multiple times. Once and done.
All money is taxed multiple times. Customer pays business and pays tax. From that payment, the business receives profit which is taxed and pays employees who are then taxed on that as income. They then use that income to buy things and pay tax which is used to pay other employees who pay tax, etc etc. What are you even talking about? Money is taxed when it changes hands. Taxing people who give their kids more than 11 millions dollars is not a big ask.