Page 9 of 42 FirstFirst ... 456789101112131419 ... LastLast
Results 161 to 180 of 829

Thread: House Investigations: Impeachment inquiry is officially on

  1. #161
    Quote Originally Posted by BiffTannen View Post
    I'm still not sure what you want me to say or how it confirms your world view, but yeah, rich people and big corporations don't pay taxes at a very high rate. People have been speculating that Trump has multiple years that he didn't pay taxes for quite some time.
    Depends on the corporation. High growth corporations generally don't pay a lot of taxes. If your stock is not appreciating in value and you're not investing a lot of money into Capital Improvements then you're pretty much paying the standard tax rate on your book earnings
    Last edited by ChrisL68; 05-08-2019 at 01:56 PM.

  2. #162
    Quote Originally Posted by WakeandBake View Post
    He already spun the Im not a shitty businessman im a shrewd tax filer angle and it did/will work. Republicans think hes cool for subverting the tax system because they believe all gov funded programs outside of military spending is abhorrent and probably socialist. This shit will help him. This motherfucker is untouchable to these dipshits. Sailor and wrangor and Jhmd and colonel angus will cast a vote for trump in 2020 with a hard on
    Anyone who still supports Trump at this stage is truly a lost cause. I shudder to think what it would take for them to turn on him.

  3. #163
    THE quintessential dwarf palmab03's Avatar
    Join Date
    Jun 2011
    Location
    paradise
    Posts
    44,655
    Ran out of actual news stories about Trump so have to re-run the news of him losing money in Atlantic City 30 years ago? It was news he was bankrupt back then.

    The only part that's news is the bit where they said he inherited the equivalent of $413 million dollars in today's dollars when he was 2 years old? How rich would he have been if he just put it all in the S&P?

    So going back he received $40 million in 1947. Using a calculator online he'd be worth $32 billion after taxes if he just invested in an index fund. He's probably worth a couple billion, so yes, he's a bad businessman
    Last edited by palmab03; 05-08-2019 at 01:41 PM.
    just drivin' round in John Voight's car

  4. #164
    If you develop highly leveraged big real estate ventures then generally you can generate tax losses because you get the depreciation on the capital investments that represent somebody else's capital risk plus you have a lot of interest expense on your debt.
    Last edited by ChrisL68; 05-08-2019 at 01:45 PM.

  5. #165
    Quote Originally Posted by MichDeac25 View Post
    We did?
    Yeah, its common knowledge that Trump is a terrible businessman who loses money a lot better than he makes money.

    Also, yall should listen to RJ. Hes been on this beat for awhile.
    We're going to be good again.

  6. #166
    THE quintessential dwarf palmab03's Avatar
    Join Date
    Jun 2011
    Location
    paradise
    Posts
    44,655
    Quote Originally Posted by ChrisL68 View Post
    If you invest in big real estate ventures and you borrow a lot of money to do it then generally you can generate tax losses because you get the depreciation on your capital investments plus you have a lot of interest expense on your debt.
    That's why I was dreading these news reports. There'd be so much donk takes about how literally everyone who invests in real estate's tax returns look like. But a Billion dollars in depreciation losses is still fairly abnormal.
    just drivin' round in John Voight's car

  7. #167
    Quote Originally Posted by WakeandBake View Post
    He already spun the Im not a shitty businessman im a shrewd tax filer angle and it did/will work. Republicans think hes cool for subverting the tax system because they believe all gov funded programs outside of military spending is abhorrent and probably socialist. This shit will help him. This motherfucker is untouchable to these dipshits. Sailor and wrangor and Jhmd and colonel angus will cast a vote for trump in 2020 with a hard on
    *2022

  8. #168
    Scooter Banks
    ConnorEl's Avatar
    Join Date
    Mar 2011
    Location
    Winston-Salem
    Posts
    7,892
    He's the BEST at losing too!
    I love mankind...its people I cant stand!!

  9. #169
    Scooter Banks
    ConnorEl's Avatar
    Join Date
    Mar 2011
    Location
    Winston-Salem
    Posts
    7,892
    Quote Originally Posted by WakeandBake View Post
    He already spun the Im not a shitty businessman im a shrewd tax filer angle and it did/will work. Republicans think hes cool for subverting the tax system because they believe all gov funded programs outside of military spending is abhorrent and probably socialist. This shit will help him. This motherfucker is untouchable to these dipshits. Sailor and wrangor and Jhmd and colonel angus will cast a vote for trump in 2020 with a hard on

    That's a generous qualification.


    In "conservative" world, remembering to add "probably" there would be considered highly nuanced thinking. Allowing for challenging complexities and what not. In other words, increasingly rare.
    I love mankind...its people I cant stand!!

  10. #170
    PM a mod to cement your internet status forever RJKarl's Avatar
    Join Date
    Mar 2011
    Location
    HB, CA
    Posts
    69,167
    Here's a point of reference for Trump's accounting for 1% of all business losses in a year or more. In 1990, the US population was 250,000,000. One percent of that would be 2,500,000. Even if you take 1% of that 1%, we'd be talking about 25,000 people.

    That takes sucking to a level NASA couldn't locate in space.

  11. #171
    I was involved in a transaction a few years ago that we determined accounted for over 1% of all corporate tax revenues in the u.s. that year.
    Last edited by ChrisL68; 05-08-2019 at 02:17 PM.

  12. #172
    PM a mod to cement your internet status forever RJKarl's Avatar
    Join Date
    Mar 2011
    Location
    HB, CA
    Posts
    69,167
    Quote Originally Posted by ChrisL68 View Post
    I was involved in a transaction a few years ago that we determined accounted for over 1% of all corporate tax revenues in the u.s. a year.
    Which cartel?

  13. #173
    Expanding Mod Powers
    BiffTannen's Avatar
    Join Date
    Aug 2011
    Location
    Hill Valley
    Posts
    34,297
    Quote Originally Posted by RJKarl View Post
    Here's a point of reference for Trump's accounting for 1% of all business losses in a year or more. In 1990, the US population was 250,000,000. One percent of that would be 2,500,000. Even if you take 1% of that 1%, we'd be talking about 25,000 people.

    That takes sucking to a level NASA couldn't locate in space.
    I'm not sure what your point is. Median household income in 1990 was like $40,000.

  14. #174
    I disagree with you
    ImTheCaptain's Avatar
    Join Date
    Mar 2011
    Location
    Pennsylvania
    Posts
    42,040
    Quote Originally Posted by ChrisL68 View Post
    I was involved in a transaction a few years ago that we determined accounted for over 1% of all corporate tax revenues in the u.s. that year.
    ChrisL is Danny Manning's accountant??!

  15. #175
    PM a mod to cement your internet status forever RJKarl's Avatar
    Join Date
    Mar 2011
    Location
    HB, CA
    Posts
    69,167
    Quote Originally Posted by ChrisL68 View Post
    I was involved in a transaction a few years ago that we determined accounted for over 1% of all corporate tax revenues in the u.s. that year.
    I didn't know you worked with Donald Ross...

  16. #176

  17. #177

  18. #178
    PM a mod to cement your internet status forever
    PhDeac's Avatar
    Join Date
    Mar 2011
    Posts
    105,711
    Half measures. Either they won't pay the fines or they'll start a GoFundMe and make 10 times the amount of the fine from rabid Trumpsters who love to give rich people money.


  19. #179
    Expanding Mod Powers
    BiffTannen's Avatar
    Join Date
    Aug 2011
    Location
    Hill Valley
    Posts
    34,297
    Trump's a billionaire. Let him pay the fines.

  20. #180
    Quote Originally Posted by PhDeac View Post
    Half measures. Either they won't pay the fines or they'll start a GoFundMe and make 10 times the amount of the fine from rabid Trumpsters who love to give rich people money.

    One of the ideas I heard the other day was disbarment for lawyers so you essentially take away their livelihood. I think you can get creative so not everything is just a fine.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •