A Perfectly Reasonable Amount of Schadenfreude about Things Happening to Trump & His Enablers (Part 1)

But GOP terrorist attacks on democracy are ok in your book.

I’m guessing the idea of a Hawley/ Cruz ticket excites him.

If the guy in the viking horns is a right wing terrorist, I don’t think we have much to worry about.

Yeah, har, har, viking horns.

Nobody’s forgetting that a bunch of armed assholes came this close to murdering a bunch of elected officials.

So, fuck you and your pathetic attempts at minimizing the worst threat to our democracy in modern history.

What about all the friends he had with him who assaulted policemen and killed one? Just boys being boys?

So you don’t think the cop killers were terrorists? Good to know.

Carrying a 6 foot spear with a functional point.

You are very, very stupid.

I think s/he is quite entirely something else. Stupid is redeemable.

Please clarify, if you would be so kind. What lie (of Secretary Clinton’s) are you referring to?

And, because your post implies that madmonk’s statement is also a lie, could you unpack for me your analysis of what makes it a lie?

That one? Worrying enough in my book. OK, he does not read, so books do not count, but still…

Another quell of Schadenfreude: Giuliani. He will no longer be serving in tanTrumps impeachment team. Excuse: because he is a witness, he spoke at the rally inciting violence, thus cannot defend tanTrump. Real reason: tanTrump is no longer paying him. And both men’s idiocy is under audit by the CDC for exceeding legal limits by a factor of 20 or more.

Tax question.

If you agree to do work for someone who has a well-established history of stiffing workers on their pay, and you charge that someone an exorbitant and unrealistic amount, can you really claim that as a loss on your taxes?

I mean, this doesn’t smell like a tax scam?

No, an unpaid invoice does not become a tax loss, so the idea of writing an arbitrarily large invoice to generate a huge loss just doesn’t work. There are loopholes in the tax system, but it’s not insane.

Suppose you’re running a law firm. You have the expenses of running the business - paying staff, renting office space, etc. And you have income when clients pay bills. You pay taxes on your profits - income minus expenses. If a client doesn’t pay a bill, that just never hits the income side*. Any loss associated with doing that work would only arise from the actual expenses associated with doing the work, that’s a real loss.

The way to scam the system is not to write inflated invoices, it is to inflate your expenses. For example, to pay a family member a huge consulting fee out of your law firm. Does that kind of thing sound familiar?

(*Technically, if your accrual method treated an unpaid invoice as income in a prior year, if ultimately unpaid it could be deducted in a later year. But that’s a wash.)

Ron White begs to differ.

Too bad about DumbDonald’s massive landslide loss, MAGAtrash. I’ll bet that stings a bit, huh?

As has been mentioned, and I am just reinforcing, the only way you’d be able to claim a loss from an unpaid invoice is if you had already recognized the income. You can claim all the expenses that went into producing those services just like you always were able to, just like anything else you produce that doesn’t sell. Those are real expenses though, not fake ones.

Bad hair dye count as a reasonable expense?

I’m sure television studios can expense all their cosmetics for the on-air personalities. That’s the business he’s in now, so yeah.

Why, exactly, would he have to be a witness? We know what he said. We know what Trump said. What is Giuliani going to say at the trial that sheds any light on anything?

Poor, poor Donnie. He started his Presidenting Adventure by paying people to cheer at his 2015 announcement at Trump Tower (the famous Escalator scene).

Now that he’s leaving in disgrace, he’s having trouble coming up with people to show up at his Big Farewell Ceremony on January 20:

The smart bet is that he’ll end up having to pay people to show up and cheer this time, too.

Full circle, Loser.

The money quote from Scaramucci: