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15 Comments
0 ups, 4y,
5 replies
“Taxes he refuses to pay.” That’s like saying a person refuses to pay taxes when they take the mortgage interest deduction, student loan interest deduction, child tax credit, or charitable contribution deduction on their taxes. The tax code was developed, vetted and approved by the Congress. Are you expecting an individual to pay the IRS more than they’re required to pay?
1 up, 4y,
1 reply
But is it? Apparently, forensic accountants are combing through the returns and one could safely assume that...inconsistencies...could and/or would be found.

Let’s not forget that he’s under “routine audit” that’s lasted the better part of five+ years for a $73 million return from the federal government that, if he’s found to be ‘in error,’ he will have to pay back over $100 million in penalties.

I’m not really sure with what money since he’s cash poor, but he’s a brilliant businessman who’s essentially lived off corporate welfare for the last three decades so I’m sure he’ll figure it out.

As President, he wouldn’t be a threat to national security by being financially underwater and owing money, not only to the government, but to some unknown creditors to the tune of half-a-billion dollars, all of which are coming due in the next four years. No, not at all.
0 ups, 4y,
1 reply
How do you know how much the penalty would be if you don’t know what or how much the error is? Never mind the fact that the IRS caps penalties at 25% of the error. Just because a return may contain an error doesn’t mean the whole return is penalized, just the error amount. Same with error interest.

Most business owners are cash poor - their profits are returned into their business as real assets and equity, which is also why most are successful. If a business owner didn’t reinvest their profits and kept it for themselves, they wouldn’t be in a growing business very long.

“He” doesn’t owe the money you claim, his corporation owes money, which is how business in works. Capital investments and credit lending are what allows businesses to grow and create the jobs that keep this country going; it is how this country was built.
1 up, 4y,
1 reply
The $73 million return is only the tip of the iceberg. Until independent forensic accountants can scrutinize his returns, we don’t know how crooked his tax returns are, and that’s because he won’t release them.
¯\_(ツ)_/¯

““He” doesn’t owe the money you claim, his corporation owes money, which is how business in works.”

No, Trump has personally guaranteed the loans, not his corporations.
0 ups, 4y,
1 reply
Like I said, loans taken out by his corporation, who used those loans to conduct business, who will then, in turn, pay the loans back with interest. How do you know his corporation won’t be able to pay them back without accessing the collateral? Have you seen the balance sheet and cash flow statements? Just because personal assets backed the loan as collateral is irrelevant. What’s your point here?
1 up, 4y,
1 reply
What part of “he has personally guaranteed the loans” is unclear? Not his corporations. Donald Trump is personally liable for upwards of $500 million in loans.
0 ups, 4y,
1 reply
And the majority of Americans have personally guaranteed their homes and cars with their homes and cars. What’s the issue?
1 up, 4y,
1 reply
You’re seriously comparing Trump owning a half-billion to the note I have on my Grand Cherokee? You must be joking.

Here’s the main difference, not that it should even need to be stated: 99.5% of Americans can’t trade loan deferments for political favors.

I mean, we can keep going back and forth like this, but it doesn’t change the fact that a President (or any other prominent politician in a position of considerable power and influence) that is potentially financially underwater is innately compromised and a security risk.

Add to the fact that it’s Donald Trump, a man who’s demonstrated a sociopathic ability to lie and then lie to cover up lies, and it’s a recipe for disaster.
0 ups, 4y,
1 reply
“Potentially” and “innately” are antithetical. You’re backing into a narrative that holds no water. Don’t listen to everything Mommy Jones says.

A political favor of that nature would be identified, exposed, and halted before the closing bell rang on Wall St. Have faith that the FDIC and SEC can do their jobs - you rely on them for the rest of your accusations.
0 ups, 4y,
1 reply
Play all the word games you want, you’re squirming. You’re living the fable of the emperor’s new clothes and instead of demanding to see Trump’s tax returns, you’re licking the soles of his shoes.

Serious questions have been raised. If Trump has nothing to hide, he’ll be transparent...but he won’t be, that’s why he refuses to abide by the subpoenas to release them.
0 ups, 4y
Using a 50 million dollar building owned outright to secure a 50 million dollar loan is the same as you securing your $5k loan with a $5k Subaru. It’s all relative.

If Trumps would have UNSECURED loans, that would be a risk, certainly, but if he were ever required to liquidate assets to cover liabilities, that would not be unnatural. What you are insinuating is that he would step into a 100% chance of going to jail to save the loss of an asset that would be forfeited anyways. But go ahead, stomp, scream, and picket your meaningless conjecture.
1 up, 4y
“If Trumps would have UNSECURED loans, that would be a risk, certainly, but if he were ever required to liquidate assets to cover liabilities, that would not be unnatural. What you are insinuating is that he would step into a 100% chance of going to jail to save the loss of an asset that would be forfeited anyways.”

Not if he doesn’t have value in the assets to cover his liabilities, as his tax returns suggest.

I’m not suggesting he’s going to go to jail for his debt; if anything, he’s going to go to jail for tax evasion. What I’m suggesting is that Donald Trump is financially underwater and will sell favors from the Oval Office if given the opportunity. That makes him a national security threat. Add to that his penchant for nuzzling up to dictators like Putin and Edrogan...

“But go ahead, stomp, scream, and picket your meaningless conjecture.”

Who does Donald Trump owe $421 billion to? You honestly don’t think that’s important to know? Why won’t he show us his tax returns if there’s nothing to hide?

Why do you choose to remain so willfully ignorant?
1 up, 4y
https://www.azcentral.com/pages/interactives/trump-lawsuits/
0 ups, 4y
wrong.

https://www.thelist.com/255551/the-ivanka-trump-tax-scandal-explained/
0 ups, 4y
Donald Trump's father, Fred Trump, notoriously passed assets to his children in a similarly illegal scheme in order to avoid a gift tax and move assets out of his estate without financial repercussions, and in this case, the apple may not fall far from the tree. Ackerman explains, "There's no legitimate reason for her to get those consulting fees since she was being paid already as a Trump, um, employee.

Read More: https://www.thelist.com/255551/the-ivanka-trump-tax-scandal-explained/?utm_campaign=clip
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