Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
trump taxes
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="AKCoverMan" data-source="post: 4627671" data-attributes="member: 17867"><p>Yes except you don’t pay tax on <em>wealth</em>, you pay tax on <em>income. </em> The boiled down version is while Trump has wealth some years he made money and some years he lost money. You don’t pay tax when your income that year is actually a loss. </p><p></p><p>Nevertheless, even in losing years there are other taxes besides federal income tax. Trump’s businesses employ many people and there are payroll taxes on all of them. There are real estate taxes on property, road use taxes on company’s vehicles, I could go on and on, </p><p></p><p>I don’t disagree the federal income tax system is broken, it’s been that way for a long long time under Presidents and Congress from both parties. But that doesn’t make the President dirty or something, anymore than the many, many rich Democrats that use the same tax code are. To pay the least tax required under the law is perfectly legal. To avoid is legal, to evade is not.</p></blockquote><p></p>
[QUOTE="AKCoverMan, post: 4627671, member: 17867"] Yes except you don’t pay tax on [I]wealth[/I], you pay tax on [I]income. [/I] The boiled down version is while Trump has wealth some years he made money and some years he lost money. You don’t pay tax when your income that year is actually a loss. Nevertheless, even in losing years there are other taxes besides federal income tax. Trump’s businesses employ many people and there are payroll taxes on all of them. There are real estate taxes on property, road use taxes on company’s vehicles, I could go on and on, I don’t disagree the federal income tax system is broken, it’s been that way for a long long time under Presidents and Congress from both parties. But that doesn’t make the President dirty or something, anymore than the many, many rich Democrats that use the same tax code are. To pay the least tax required under the law is perfectly legal. To avoid is legal, to evade is not. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
trump taxes
Top