Is he actually saying that, though? I don’t dig too deep into his rambling piles of bullshit - is that the tack he’s taking?
But there’s a kind of swithcheroo there between Trump and maybe Romney or some theory of a generic Republican complaining that such a large % of households now owe no income tax under the law. Trump, who isn’t really a Republican, has not made a habit of complaining about that, or really associating himself much with Republican ideas in general until fairly recently.
I think it’s also a bit removed from complaining about people illegally in the country not paying taxes. The main complaint Trump is channeling there (I have no idea if he actually feels that way personally) is that it’s a problem so many people are hear illegally. It wouldn’t be OK to the audience he’s appealing to if they were here illegally but paying taxes (as many of them are in fact).
There are plenty of valid criticisms of Trump, but hypocrisy wrt taxes doesn’t seem to be one of them. Trump already said ‘that makes me smart’ in response to the suggestion he owed little in taxes. And the natural use of that by Clinton’s side has been to say Trump suggested normal tax payers are suckers, nothing in there about Trump criticizing other non-tax payers for being sponges or cheaters.
I’ve been surprised there was no leak of any Trump tax info up to now, though NYT might have been sitting on this ‘while they fully investigated the story’ to improve the timing against Trump, perhaps now felt to be optimum because he’s been down lately. Seems like kind of a nothing story though. It says Trump had a near financial death experience in the mid 90’s: that’s well known. It reveals that debacle resulted in a large realized loss, a silver lining for tax purposes, but so what basically. It infers he didn’t pay much in tax for years after because of it, but that’s a somewhat shaky inference because the capital loss could only offset capital gains (except for a tiny allowance for other income), not licensing income, reality TV compensation, or even conventional rental income (though that itself is favorably treated in the tax code). If Trump paid zero tax for a long time he must have had some other method than capital loss carry forward.
Trump’s working class supporters don’t support him because they think Trump is “one of us”, an honest working class guy.
They support him because he’s a rich fat cat who wants to get richer and fatter…and will bring back their jobs in the process.
This story will not deter them at all.
The NYTimes has a great hope that by breaking this supposed scoop,they can help defeat Trump. But the story is not a scoop, it doesn’t surprise anybody, and Trump’s blue-collar fans don’t care.
Factory workers know that Trump is rich and lives in a universe that is in no way part of their world–He’s never punched a clock to start working on the night shift.
They’ve always known that the guy who owns the factory from which they just got laid off doesn’t live in trailer park with them. He may use fat-cat lawyers to cheat on his taxes–but they don’t care, as long that guy gives them their $17 /hour paycheck.
And they think Trump will do the same. In fact, if Trump were to try to market himself as “one of us” blue-collar guys…they would support him less than they do now, because it would be so fake. They don’t want a sincere leader…they want to get their jobs back from Mexico and Mexicans.
Yes, but Trump’s comments in 2006 about wanting the housing bubble to collapse said that he was in a good cash position, so he either had a very good income or realized a lot of those gains.
From the response from the campaign:
“Mr. Trump knows the tax code far better than anyone who has ever run for President and he is the only one that knows how to fix it.”
Again, not necessarily - he doesn’t have to be in a good cash position to buy deflated properties. He could personally buy them with debt (though he currently claims he’s underleveraged), or his companies could be in a good cash position.
Corry El, see post 76. Trump has complained that Obama pays only 20% taxes and half of households don’t pay income tax.
Actually incorrect. The Net Operating Loss rules apply to any income over the next 20 years.
It’s not the capital gains loss most of us already know.
Those comments like 95% of Trump comments say he is a championship bullsh*tter. There isn’t any evidence Trump particularly profited in the housing crash. By that time, as now, Trump didn’t even function much as a real estate guy per se. He was making money licensing his name, more and more based on his fame on reality TV, though that was in turn based on his (supposed) success in real estate.
At some very base political level with very ignorant people you might be able to make hay with comments like that by Trump. Which is rough justice since Trump himself functions best politically at a very base level with very ignorant people. But as to Trump’s actual comment along the lines of ‘a crash like that would be good for people like me since we could buy up stuff cheaper’ what exactly is wrong with that (not hall of mirrors type argument that it’s all about what some hypothetical ignorant person thinks)? Besides which there isn’t any evidence Trump did benefit. No evidence AFAIK he was involved with mass buy ups of single family residences some big investors did (which there was nothing wrong with). And as to the crash’s negative effect on commercial real estate Trump had to have been net long commercial real estate going into the crash, even though not a really big player in real estate, especially by 2006.
He also claimed to “have made a lot of money in Atlantic City”, as far as I can tell he sold the Taj Mahal and one other hotel to his public company Trump Hotels and Resorts for considerably more than he paid for them, thats a realised capital gain.
According to this article by the reporter who broke the story he received the tax returns through US mail on Sept. 23, so it doesn’t look like the NYT held the story for any longer than it took to verify the returns were genuine.
He also says in the article that the envelope had a return address of The Trump Organization and that it looked legitimate to him. I’m assuming from this that the returns were mailed in a Trump Organization envelope, and not one in which the return address was handwritten. Has a photo of the envelope been published?
I don’t agree. The first thing you do in a casino is convert cash (or a credit/debit card transaction) into casino chips, which are then played at the tables. Pretty much every game is tracked closely. And when you cash in, the casino will issue a 1099 if you’ve won enough (more than $600, I think).
From the article:
Looks like Trump and the NY Times must use the same fancy accountants and tax lawyers. 
The NYT is not running for president and they do have a good reason for the past losses.
Just falling for the old “killing the messenger” argument there with a pinch of “Red Herring” made by Breitbart too.
“I crash my car a lot, and I know the best mechanics to take it to for repairs. So put me in charge of your automobile company”
Well, that settles it–I’m definitely not voting for the NYTimes for president!
Unlike Trump’s businesses, the Times makes a profit.
Now that The Times has released it’s returns, Trump can release his.
I forgot one item: We should not forget that Breitbart’s staff are working for Trump directly.
After noticing how faulty the red herring argument was, then one should take into account that Breitbart is the American version of Pravda nowadays, they are officially the huuuge propaganda component of the Trump campaign.
And how much taxes did Mark Thompson pay that year? I’d bet it’s more than the guy who claims to be a billionaire.
Shoot, YOU probably paid more in taxes than this self-proclaimed billionaire.