The following is a Facebook Post that went rather broadly viral (108 shares, plus many copy/pasted posts).
As a tax consultant… I have to laugh at the fools who believe for a sheer split moment that Trump pays NO TAXES. Wake up fools. He has employees. He pays payroll taxes. He has corporations. He pays corporate taxes. He may not pay income tax, because he personally isn’t making any money, and he may actually LIVE off expensed out expense accounts, but the point is, HE PAYS A SHIT LOAD OF REAL TAX on all the ‘other accesses’ to his business, as part of the process of doing business. Fools. Shaking my head at the foolishness of these conceptual misleading viewpoints. Businesses PAY taxes. And they pay a lot of them.
Sean McConeghy I hate the line of attack. You know my views on Trump, but with all of his many flaws, failing to give one of the most corrupt organizations on the planet more money than he has to is not among them.
John Dortch Very true.
Bill Kisamore Amen girl I’ve owned them and the gov gets share including property tax and personal property if you earn money with it you are taxed for it
Jonathan Larrew He needs to disclose the amount and number of different taxes he generates with his businesses and that would solve that problem
Jan Verhoeff IT would almost be impossible even with the number of accountants he most likely has working for him, because many of the taxes he pays are ‘alternative costs’ set out as fees, etc. to government entities for such crazy but necessary things such as business licenses, registration fees, employee taxes, property taxes, etc. And he’d miss something – which of course, would leave him open once again to ridicule for bad record keeping, or he’d find one that perhaps hasn’t been paid this year, because heaven forbid he was out doing his own campaigning and a staff member missed something – rather than spending all their freaking time deleting emails and destroying records.
Laura Wheeler It would not solve the problem, because the people who think it IS a problem are not listening.
Jan Verhoeff Laura Wheeler -maybe. Or maybe not? Maybe they’ll see the message and get a clue? Maybe? Maybe they have to actually SEE the message to hear it. Share the message. The average person has to see a message 7 times before their mind can accept it, acknowledge that it might be for them, and accept the message as something of value. Share the message. Share it again. And keep sharing it – until you’re heard.
Jo Ausmus AND campaigning on Air Force One..i have never seen this done before…she must be sleeping with Obama
Jan Verhoeff Anything I respond to this would be non-pc. I shall remain uncharacteristically (Oh, Lord, I’ve waited at least a lifetime to use that word appropriately!) silent on this one.
Jo Ausmus LOL
Kendal Casey Unruh I just made that point to my students last week. See? I’m fair and balanced.
Jan Verhoeff I can’t use the laughing icon this far down the thread. We should have coffee – soon.
Kendal Casey Unruh Actually I went further and said he messed up by not having that total figure available and said in the debate, “Actually Hillary, I pay a total of $114 million a year in taxes, as much as you took from Russia for US Uranium rights”.*not exact figures because we have no idea, but it’s a lot.
Jan Verhoeff My response to Jonathan above — she’d knit pick it to death.
Jody Provost THANK YOU for pointing that out! People are really stupid enough to think he gets off Scott free.
Kendal Casey Unruh Ok, so how about he just should have mentioned the litany of (different) taxes he does pay? I know my students don’t understand until we go through all the taxes people pay, but adults obviously don’t either…..because 47% of them aren’t paying any.
Jan Verhoeff I would be happy to come talk to your students.
Jeri Kay Lockwood I was thinking the same thing. Can you imagine the sales tax alone he pays not to mention everything you listed.
Jan Verhoeff Crazy, isn’t it… I can’t imagine how stupid people have to be to believe this crap that the Democrats PUSH out. There’s got to be an end point to the bucket of stupid.
Jeri Kay Lockwood I think they are realizing that Trump will win this. Starting to grasp at straws.
Jan Verhoeff I can only HOPE.
Kathy Jones Heck · Friends with Shad Comer and 9 others
I don’t care about his taxes or any bodies taxes. I would just like to know where and what the government does with all money collected for taxes. Does not seem to be lowering any debt.
Jan Verhoeff SPEND it Kathy. On illegal immigrants, supporting ISIS, paying ransom, I could go on for DAYS and still not get to the end of all the illegal shit we’ve paid for that we haven’t heard about yet, because there’s been NO BUDGET for the past 7 years, and more.
Kathy Jones Heck · Friends with Shad Comer and 9 others
Jan Verhoeff I totally agree with you. It is not spent on the people who pay.
Kendal Casey Unruh It can’t lower debt. The government could confiscate 100% of all the US GDP and it would not even run the government for ONE DAY. Yes. I’m sure.
Carole Garcia You forgot loan money to other countries after we got that money as a LOAN from CHINA???
Richard Sneddon Well said
Gary O’Malley Media is just a PAC for the Democratic Party. Although on Anderson Cooper the guest did remind the host that Clinton used the same techniques of “losses” over time. If this isn’t a teachable moment about the need for one flat transparent, one time only tax I don’t know what is. .
Ironically the NYTimes (NYSLIMES Mark Levin ) called Trump in 1995 “The Comeback Kid”. But now they vilify him. Which is it? Is he a genius to come back from ruin and succeed? Many successful businessmen worth billions failed before success,some many times.
My grandad told me that it’s not how many times you get knocked down, it’s how many times you get back up.
Clinton lied about being under sniper fire.
She lied about Benghazi and the “video” that caused it all.
She lied claiming she had only one server and one mobile device and she did it all for “convenience”. (Like non recoverable records that might indict her?) In reality she had 13 different devices and destroyed them all.
FBI Comey says, “Nothing to look at here, move on””
She refuses to release the transcripts of her speeches to banks at $250,000 a pop.
She broke Constitutional Law by accepting money as Secretary of State, Quid Pro Quo access,
After FBI requested her server hard drive she systematically encrypted 33,000 emails to be non recoverable.
Donald J. Trump Does everything legal using the 78,000 page code that Clinton as Senator could have changed, she’s an UN-indicted felon by breaking the US Espionage Act 113 times and Trump is the bad guy.
Okay, I get it. The media is a Democratic Party PAC operating as part of our “Free Press”. But they aren’t free, they are bound to anti success, anti wealth, pro poverty, pro death communist movement. Capitalism is bad.
If there be protests by the right, screw protesting Congress,I’d be outside of ABC, CNN, NBC, PBS, NPR,CBS,Fox News, NYTimes, Chicago Tribune, Miami Herald. AP, Reuters etc.
Now for me Scotch.. 15 year single malt. . ah there she is.
<3 Crowning the Comeback King Though there are still four years to go in the 90's, business and government leaders in New York honored Donald J. Trump yesterday for pulling off what they called "the comeback of the decade." NYTIMES. COM|BY BY BRETT PULLEY Like · Reply · Remove Preview · 2 · 15 hrs Cynthia Blixt Sorry, I disagree. I know he cannot avoid paying all types of taxes. But, he's rich enough that he should have to pay something in personal income tax to the federal government. Jan Verhoeff You're definitely entitled to your opinion, no matter how wrong you may be. Cynthia Blixt I'm not a tax consultant but I do have a degree in accounting and parents who are small business owners. I think you're wrong. He should have to pay something. And, you haven't said anything that makes me think that your opinion is more correct than mine. Jan Verhoeff Until you've looked at what his income is, and what his expenses are, you can't make the judgment you're making. It's that simple. You're making the assumption that he's rich, and his investments are making a profit, he's earning a salary, etc. And he may not be EARNING anything on which to pay income taxes. If you have a background in accounting, you should be able to figure that out Cynthia Blixt Yep, I'm making the assumption that he's rich, primarily based upon his own propaganda. So....if he's not, then maybe he should correct the record and let us all know that he really isn't that great of a businessman. And, just because he's managed to find every loophole in the book, doesn't mean that he's a great businessman. Mick Austin Well, if he is 'breaking even', and creating lots of jobs, and reinvesting his resources.... Maybe he is! Buddy Gilmore The only question there should be is:"Is what he did legal?" It appears so. I don't know of any sane person who is legally not required to pay taxes but does so anyway. Cynthia Blixt But, that's the point. More or less. Is he? Or is he just stiffing people in order to put more money in his pocket? And, if you have such a fabulous standard of living, shouldn't you pay well and on time? And, if you have to declare bankruptcy all the time, how does that help the economy of those that you owe? Cynthia Blixt Many questions here people and so far, I haven't heard anything that really gets to the core. Jan Verhoeff Cynthia Blixt - nothing you've stated so far, indicates that he had and PERSONAL income on which to pay taxes. In fact, if it were PERSONAL income, you're probably right, he'd have paid his bills and on time. You keep asking for proof, and offering nothing toward any proof he owed anything. Wealth doesn't mean you have earned income, and earned income is what you pay personal taxes on. If you're so well versed in accounting, you should be well aware of this fact. Cynthia Blixt Jan Verhoeff, maybe you're unaware but the federal government is looking into his charitable foundation as we speak. In other words, just because you cheat, doesn't mean you'll get a free ride for ever. And, no, at this point in time, we don't have all the answers. Because Trump has refused to release his tax records. Which means that you don't have any concrete proof either. Jan Verhoeff Perhaps you're unaware of the numbers of people IRS investigates each year, and writes checks to because people don't always take all the deductions they are entitled to when they do their taxes? I'm not saying he's innocent of anything. I'm saying YOU don't know that he's cheating anyone and not providing copies of his taxes, or being audited don't PROVE he's cheating on his taxes. In case you're unaware, the IRS has been under investigation for most of the past 7 years for targeting conservative tax payers in an effort to prove illustrious accusations. Perhaps, this is another of their illegal pursuits of a conservative business owner? You don't know one way or the other, either. If you have no proof, making accusations is just slander, which you've been guilty of throughout this thread... Slander is illegal. Cynthia Blixt Donald Trump is not a true conservative. Think back to the GOP debates. So, i truly doubt he has been audited for being a conservative. And, if I have committed slander, so be it. Go ahead and turn me. Would you like me to provide you the correct phone number to call? Vickie Hall Cynthia Blixt, If you don't agree with the Loss Carry Forward in the tax code, than work to change the law - but don't blame companies for making the best deal for their company while staying within the law. I don't know many people that pay taxes when they are not obligated to do so. Vickie Hall Cynthia Blixt That is NOT a loophole - it's a feature of the tax code to encourage entrepreneurs to take risks. Jan Verhoeff Cynthia Blixt, you're pretty much a waste of time, on any front. You may have credentials, but you lack intelligence. Toodles. Dennis Hartinger · Friends with Vickie Hall That's what they have been saying all along; that he pays no federal income taxes. Hall Dennis Hartinger that may be true. Cynthia Blixt Well, Jan Verhoeff, I may not meet your standards for intelligence but I have a heart and I'm way nicer than you. So, I'll take that as a win. And, yes, I do understand the tax code, Vickie Hall. I don't even entirely disagree with it. We need to encourage investment. But, somehow our society has created a goddamm greed monster and that's not ok. And, yes, I am working to change it. And, some very wealthy individuals, like Bill Gates and Warren buffett, also do a lot of good with their wealth. I have not seen that with the Trump Foundation. And, since he loves publicity, I would assume that we would all know of his great generosity, if he had something to show. Cynthia Blixt And, BTW, the New York Times has an interesting story this morning about Trump that pretty much says what I've been trying to state here. Wonder if they'll get sued for slander before me???? Hahaha Rhonda Ward Tesch Perhaps because all evidence I have seen of his charity, most have been "quiet"... not trumpeting "look at me giving money" Jan Verhoeff Cynthia Blixt - Haven't seen any evidence that you're nicer than me. Shall we take a poll? Cynthia Blixt Go for it, Jan Verhoeff. Whatever it takes to make your petty little grinch like mind happy. But, why don't you stop for one second and read the new York times opinion that I mentioned first. Respond to ALL my comments, not just what you cherry pick. Jan Verhoeff I've already read it. I disagree with what they said too, because I do know the tax code, and I know that if you're working to build businesses, you don't necessarily HAVE any personal income, because you invest it. Business losses happen, and they are...See More Mandy Gagnon · Friends with Kendal Casey Unruh just because it is "legal" doesn't mean it's right. A loss that large in business shows that he is not by any means the savvy businessman that he claims to be Mandy Gagnon · Friends with Kendal Casey Unruh Jan Verhoeff on your wall? if you don't want to pontificate and have the "unwashed masses" comment on your blah blah blah....don't make your posts public....just sayin' Cynthia Blixt Yep. Still, saying it. Block me if want but you're defending an out of control tax system that gives to the rich and takes from the poor. Diane Viere Cynthia Blixt... I really wish we didn't have to get mad at one another. This is about a LEGAL tax deduction....that could have been changed by the Democrats during their tenure of reign....but was not. To be mad at someone who is richer than we are is fruitless; for 50% of Americans do not even pay ANY taxes. It is not just the rich who benefit from our existing tax code. Anyone who takes a mortgage interest deduction, a child care deduction, or any other deduction benefits from our tax system. Anyone who gets a REFUND is working the system just like Donald Trump--although I don't believe it's working the system...just wanted to speak the language of those who are angry. James Campbell An article I read says he filed a $900M loss in 96. Wouldn't he have 20 years to deduct that from his personal taxes? Jan Verhoeff Mandy Gagnon perhaps you need to read more of the thread than Cynthia's misguided comments. Tax Code the way it's written, encourages business owners to take risks, increase their businesses, grow their businesses, and expand the number of employees in their businesses. That's why those losses are deductible. That's why successful business owners USE the opportunity to invest that money to grow their business. If you don't like it, fine - CHANGE it - but don't berate those of us who attempt to build businesses and hire employees using the system the way it was designed. And don't get uptight when we fight for the right to continue building those businesses in this economy when many need jobs. Diane Viere James Campbell According to my CPA husband, the tax code allows Mr. Trump three years before 1995 and 15 years after to mitigate this loss with any business gains. Jan Verhoeff James Campbell He could either take the loss over a 20 year period, or he could take it all in one year - up to 3 years after the loss incurred. I've done both. It's pretty normal to pick the method that will keep the most money in your pocket. Cynthia Blixt I agree with Mandy Gagnon. If you don't want comments, keep your remarks private. Cynthia Blixt And, again, quit cherry picking my comments. I understand that we have to give business incentives but, in the long run, I think Trump's businesses have hurt more than helped. James Campbell So depending on what he chose and what he made, he could have legally and legitimately not paid personal income tax, and assuming he started the 20 year period in 97, he'd have to resume paying in 18, provided he's got normal income with less deductions? Am i understanding this correctly? Diane Viere James Campbell And what really adds to the distortion....is this ONE document does not tell the whole story; as Jan Verhoeff has so expertly explained, there are several legal options to deal with this loss. To suggest that DT has NEVER paid taxes beca...See More James Campbell That makes sense. I'm not a Trump fan at all (or Hillary) but I find most lines of attack against him to be twisted at best. I just figured this was a good time to learn about that tax thing from people who know more than I do on it. Jan Verhoeff Cynthia Blixt I have no problem with comments. I have a problem with people coming on my wall spouting lies and untruths, and misguided opinions as if they know something about the subject. Particularly when they prove themselves to know nothing about what they're talking about. Cynthia Blixt Well, I'm okay with not meeting your standards since the New York Times opinion basically agrees with me. But, whatever. Jan Verhoeff NYT is a liberal rag - their talking points come from liberal writers. Diane Viere James Campbell As it relates to this business loss. However, to state he has not paid personal income tax is not true OR business tax. As an employer, there are many taxes he paid...if he had not, he'd be in jail. This is full of presumptions, based on agendas....that's why, my best suggestion, is to contact an expert...and we have a FB expert right here in Jan Verhoeff. The tax codes are complicated....but not limited to this particular transaction. There are payroll taxes, sales taxes, real estate taxes, taxes, taxes....taxes. It is part of doing business. This tax code allowance was to be an incentive for business owners risking their money to grown the economy. Yes, some business owners get rich....what's the harm? Have I taken a risk to start a business? Yes. Did I get rich- NO. Did I take every available option to recoup my loss....YES. Would others...>YES!!!!! I know this because many, many people get an annual refund. They, too, are using legal deductions to reduce their tax obligation.
Cynthia Blixt Oh, good and equal opportunity hater. BTW, please add me to the list of people that you are mad at, nice person.
Jan Verhoeff James Campbell Tax code is pretty complex, applying the deductions available to keep more investment in the business realm.
Diane Viere Cynthia Blixt FYI: The NYT also uses the tax code to avoid paying taxes and getting refunds. Their hypocrisy is stunning. Journalism no longer represents facts….
Jan Verhoeff Diane Viere – totally true story. Tax deductions are bi-partisan. Isn’t that interesting!
Cynthia Blixt Because Reagan repealed the law that required the media to present both sides.
Diane Viere Jan Verhoeff It is MADDENING! I have spent 42 years with a CPA and know how carved in granite tax code really is. To see so-called leaders, presumed experts, distort this, when they, themselves are doing the SAME thing…..makes me want to scream for they truly count on us to be STUPID, uninformed, vulnerable and imprisoned so they can stay in power.
James Campbell Cynthia Blixt, the Fairness Doctrine?
Sounds good in theory, but was actually used to suppress and harass political speech. …See More
Diane Viere Cynthia Blixt WHAT? Don’t WE want to know BOTH sides so we are not lambs led to slaughter??????This is an honest, sincere question. Let’s suppose the government HAS decided they only need to tell US what WE need to know….don’t we maintain the right to be educated and informed? I, for one, don’t want to follow someone else’s agenda that benefits only them; I want to be part of the greater good….America…and it’s best interest.
Carole Garcia Also Hil liar y uses same opportunities for those that point fingers…tax form will show just that . Pot calling kettle black.
Mary Frances Simms Clintons paid 39% highest tax rate
And they released their taxes paid 43 Million
Dennis Hartinger · Friends with Vickie Hall
Carole, you now have a problem with those teapots and kettles
Genny DeLoach I’m going to share your post if you don’t mind Jan.
Jan Verhoeff Share away!!!! I really do write to be heard.
Lucille Zimmerman It was accumulated loss over several years; he took the loss in one year. It was legal. The NYTimes (who broke the story illegally) paid zero taxes in 2014. In fact they got a $3.5 million refund.
Diane Viere Married to a CPA…a lifer! It’s just ONE page of a tax return…which Trumps return are, no doubt, many, many pages! We don’t know what he did with that loss–according to tax code…it is legal to deduct the loss by carrying it back three years or forward 15 years offsetting future business income. Furthermore…I’m sure the NYT would agree, NO one would lose 919 million to avoid taxes.You are right Lucille, the NYT knew what they were doing for they are aware of the tax code themselves based on their tax activity!!! Especially maddening when there is such hypocrisy.
Mary Frances Simms “Personal” income TAX!!!
Get it? I had a successful business for 35 years. I paid 28,000.00 a year in property tax. My employees FICA, and all payroll taxes. RTD tax. Unemployment insurance tax. Sales Tax . Workers compensation tax.
AND business income tax….See More
Jan Verhoeff Not if he didn’t have any PERSONAL income. GET IT?
Mary Frances Simms Sure… Sure…
Michale Burch Hess All those listed are for BUSINESSES NOT PERSONAL.
Diane Viere The tax code states: (pardon the paraphrase) any body who loses money in a business venture can deduct the loss by carrying it back three years or forward 15 years offsetting future business income. No one would lose 919 million to avoid taxes. Geesh. …See More
James W Parker III Thanks for explaining reality to the great unwashed! Hillary and Bill are experts tax evasion! Their foundations are classic cases of money laundering, theft, and tax free cash. The President of Haiti is telling all including talk of bribery attempts and failure to spend those well intended contributions. They are experts in pay for play, and have sold us out around the world!
Lucille Zimmerman Great points from Miss Jan!
Lori Horn I wondered how many people he employees in successful businesses that pay tax. Not too many deep thinkers out there . . .
Jan Verhoeff Clarification — DID taxes. It’s been a few years since I did tax preparation, but I do still do consulting, and help small businesses (and some larger ones) make sure they get all their programs set up, tax plans in order, and fees paid to do business. It’s an interesting part of my effort to support small business in America. I have some amazing people whom I can connect the new business owners with for financial planning and strategic tax support when needed too.
Diane Viere Thank Goodness…a VOICE of REASON! It’s legal! It’s the tax code…and really—who loses 919 million dollars just to AVOID a 450 million tax bill?????????????????? I’d keep the 450 million dollars myself…wouldn’t most people?
Christopher Delgado Until you actually are involved with the conception of running a business or corporation you virtually have no idea of the tax base and code. As a community director or attorney as Obummer and Killary are they have no clue on taxes and soending..hence the trillions of dollars in USA debt.
Lucille Zimmerman My husband runs a small business and I’m telling you what . . . most days it’s bureaucratic hell. But it’s better than the government job he had where he was told that if anyone woman or minority applied for the job they would get promoted first even if he had more experience or better qualifications.
Diane Viere I am so sorry Lucille; thank you for explaining it all so well…it is true…it IS a nightmare.
Sherry Lynn Wulff Lucille! Oh my gosh…I can’t believe I found you Facebook! Do you remember me…worked with Mandy at the PRC IN Davis, CA , so many years ago! I looked at your page just to be sure it was you when I recognized your name on here!! Would be great to connect!
Lucille Zimmerman Sherry Lynn Wulff of course I remember you.
We had such a great time together. How are you?
Nancy Youmans · Friends with Kandra Olme
Dave Hasley · Friends with Lucille Zimmerman
Well said! It baffles me how people can be so mad when they hear a company pays no income tax. Corporations (S) that make money, that money is distributed via a k-1 to the owners and the owners pay the tax. In addition companies pay tons of other Federal, State and Local taxes. People only show ignorance when they claim, “…these companies didn’t pay taxes…” Trump didn’t pay taxes because he lost nearly a billion dollars during that period. Hillary quips, “…he must not be a very good business man to lose a billion dollars…” No, Hillary on the contrary, what was his investment, what was his return on that billion. If you lose a billion one year to make 10 billion 20 years from now, was that good or bad? If Hillary had a clue about the appreciation of real estate she would be in awe of Trump’s talents. Instead, Hillary having never created anything, can not comprehend this. To her the math goes: how many foreign nationals do I need to get bribes from to make a billion dollars….
Randy Schaffer Jan Verhoeff, even though I havent really used these words, I created The America 101 Project specifically because they stopped teaching Financial and Economic Literacy in this country, on purpose, which is what lead to what is going on today and what lead to your post here. The fact that you understand exactly what you said and 99% of the American people do not is the reason we exist, the reason the mainstream media, which no longer even hides the fact that they are the propaganda arm of the Clinton campaign is able to browbeat the American people with this and is the reason that Hillary Clinton has even a snowballs chance in hell of winning this election. Even though I am still convinced she will lose, she shouldnt even have a prayer, and she does.
Jan Verhoeff Fully aware of that.
Bill Clarke Gas tax sales tax soc security tax, to name a few, real estate tax, luxury tax, and on and on.
James Donth I’m not voting for Trump, but I agree with what you’re saying because it’s a fact.
Jan Verhoeff I hope you’re also not voting for Hillary.
James Donth I live in a “blue” state, so no matter who I vote for in Massachusetts, electoral votes will be Democrat and she will take the state. I could vote for Evan McMullen.
Jan Verhoeff I’d sure vote for someone other than her, maybe persuade the vote – X1 if not more.
Randy Schaffer I would not be shocked if Mass flips. It is not a blue a state as everyone portends. They have a Republican governor and have had several over the years. They had a Republican Senator until four years ago as well.
Elizabeth Lowery · Friends with Nancy Toback
James Donth This year every vote counts. Remember the supreme court is at stake.
James Donth Yes -Thank you – I will definitly keep this in mind. I am voting, but who I vote for is my up to my discretion. I refuse to argue with anyone about my choice. After all, it is my choice.
Simon Kane James: Good for you (no sarcasm).
It sounds like you “get it”, so I ask you to consider voting for (cringe) Johnson. Ya – he’s not much, but the reason for him as opposed to a 3rd party candidate that is better is to push the largest 3rd party across the line (eg. 15% debate line).
When the winner will be either a douche or a turd sandwich (I live just east of South Park ), at least we can try to begin to break the duopoly.
Jay Hudson I’ve read a lot of books about him, and he has employed tens of thousands of people, most of them at union wages.
Kevin B Parsons Thank you Jan Verhoeff for finally speaking the truth! It amazes me that people think wealthy entrepreneurs pay no taxes, when they hire a boatload of people and pay a bevy of different taxes.
Stasyi Barth · Friends with Dawn M. Hintz and 2 others
I can attest to that. Even taxed on items like toilet paper, hand soap, paper towels…things you were already taxed on! Why? Because CA sucks! If you use it for your business, you get taxed AGAIN for it!
Dennis Lamb Even small businesses like mine pay a lot of taxes, generate sales tax for the state and lots of taxes as part of the payroll. Libtards just do not understand real business as they do not own them.
Diane Viere Nancy Youmans You ask “What? Ever?” FACT….ALWAYS…..matter…that’s what ever.
Diane Viere We don’t know all the facts. We do not KNOW he has NEVER paid Federal State Taxes….we only know, that in 1995 he claimed a perfectly LEGAL tax deduction–a loss of business–which can be used to mitigate gains for three years before 1995 and up to 15 years post 1995. He certainly, as a business owner, has paid a plethora of other taxes. To say he doesn’t pay taxes is a distortion of the truth.
Steven Swanson No shit! Crazy comments! It’s big investors who grow our economy!
James Hoffman · 12 mutual friends
Don’t leave out the fact that all his employees pay taxes as well. These are indirect taxes paid by Mr. Trump through his employees.
James Hoffman’s photo.
Simon Kane The comments in this thread really point up the massive mess government financing actually is. It is why a flat/fair tax is needed to replace it all. repeal the 16A, and move ALL of it to the very visible end-user tax.
I know I’m speaking to a bunch of business people, and most especially accountants, that understand “hidden taxes” – and that businesses never actually pay taxes – customers do.
Yes, I also understand that is an oversimplification, but leveling the playing field, especially things like the fixed costs of compliance, will be a vast improvement, but the biggest thing is making the sheeple see what they are actually paying.
Diane Viere It is true Simon Kane: “It’s not the employer that pays the wages. Employers must handle the money. It is the customer who pays the wages.” Henry Greg Ford
Diane Viere It’s an interesting tactic by the Dem’s…they make America feel like they care by insisting on raising the minimum wage…making the ‘bad guys’ pay more….when in fact, with an increased minimum wage, it is the American consumer who pays more. Simple economics.
April Sharrock Thank you so much for pointing this out!
David Huff Dems tried this tactic before Harry Reid.) Works nearly every time because it appeals to people who want more than they have
Diane Viere Harry Reid intentionally lied when he said Mitt Romney paid no taxes…when asked later (after it was proven he was WRONG) he said it was the best thing he could have ever done. He takes pride in his deception.
Jan Verhoeff There have been a few complaints about this thread, mostly from two people. I’m copying it and posting it on my website. I’ll post the link soon.