ST Alpha - "You lose money you don’t pay income taxes. I’m not sure what’s so controversial about that. " (Reading a Post)

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In response to "$750? -- (link)" by mud

You lose money you don’t pay income taxes. I’m not sure what’s so controversial about that.

Posted by spamlet Sep 27 '20, 14:31

There’s nothing in that article other than “he lost money so he must be cheating” along with also noting that the businesses are hemorrhaging money. Businesses that are hemorrhaging money aren’t making income (typically) so it would make sense he’s not paying income taxes.

Responses:

You might want to read the article before making that assumption, or at least review some tax law -- nm - MDH Sep 27, 15:18
Debt parking to avoid taxes would be controversial. Did they rule that out from what Trump reported? -- nm - Max Sep 27, 15:03 2
- The IRS is fighting him on a ~$70 million deduction. -- nm - TWuG Sep 27, 15:08
- It doesn’t say anything about that as far as I can tell. -- nm - spamlet Sep 27, 15:07
But he's an evil Republican... that should be a $5M penalty at least. -- nm - Strongbad Sep 27, 14:42 6
- These posts are terrible. Be less terrible. -- nm - New, Better David Sep 27, 14:43 5
  - I’ll try to bring fewer facts next time. -- nm - spamlet Sep 27, 15:09
  - They are pretty standard Reddit/Twitter/Facebook, I concur. -- nm - Qale Sep 27, 14:52
  - I'm sorry your NFL team has you in a bad mood. -- nm - Strongbad Sep 27, 14:50 2
    - I've finished my work for next week! I'm in a great mood! - New, Better David Sep 27, 14:53 1
      - 10-4 -- nm - Strongbad Sep 27, 14:58
I was definitely told he is a successful business man and that’s why he deserves to run the country. - Tim Sep 27, 14:38 7
- We all knew he was lying about that. That’s a different issue than him not paying income taxes. - spamlet Sep 27, 14:39 6
  - This is pretty damn close. -- nm - loosilu Sep 27, 15:17
  - I think if you make the argument of “why do you pay more in taxes than Trump?” That it will resonate with some. -- nm - Volnelk Sep 27, 14:40 4
    - Avoiding taxes isn't criminal, it's smart. -- nm - 45 Sep 27, 14:53 2
      - So his voters aren’t smart. -- nm - Volnelk Sep 27, 15:15 1
        
        I love the uneducated. -- nm - 45 Sep 27, 15:20
    - I suspect that his Walter White-ish nature is what appeals to his core. -- nm - New, Better David Sep 27, 14:44
A tax code that allows that is criminal. And he's the candidate that wants the tax code to stay that way. - TWuG Sep 27, 14:37 9
- An income tax code that allows people to not pay when they don’t have income is criminal? - spamlet Sep 27, 14:39 8
  - For billionaires and millionaires, it's the deductions and, yes, that's criminal. -- nm - TWuG Sep 27, 14:42 7
    - Or,to put it another way, it's bullshit and a fucking tragedy that it's not an actual crime. Also rationalizing it is why we can't have nice things - TWuG Sep 27, 14:46 6
      - So what country would you like to compare it to? Every country outside of Central America allows carryovers of losses. - spamlet Sep 27, 14:49 5
        
        "Everybody allows it" is not the argument you think it is. -- nm - TWuG Sep 27, 14:50 4
        
        It’s a fact, not an argument. -- nm - spamlet Sep 27, 14:56 3
        
        Your facts are ruining my very strongly held opinion. -- nm - Strongbad Sep 27, 15:36 1
        
        "It's perfectly legal" isn't the best way to argue against "it's immoral and a travesty and shouldn't be legal" -- nm - TWuG Sep 27, 15:45
        
        And my point is the fact is stupid and needs to go away regardless of how widespread it is. -- nm - TWuG Sep 27, 14:59
while I agree, with his lifestyle his personal return should still have significant income from wages, taxable and all that. -- nm - tRuMaN Sep 27, 14:34 1
- His lifestyle is on borrowed money. That’s why he’s been bankrupt three times and was teetering again before his run. -- nm - spamlet Sep 27, 14:40

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You lose money you don’t pay income taxes. I’m not sure what’s so controversial about that.

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