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Why are liberals angry at Trump for using a tax loophole that was signed into law by Obama?
wordpress ^ | September 28, 2020 | Dan from Squirrel Hill

Posted on 09/28/2020 4:51:41 AM PDT by grundle

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1 posted on 09/28/2020 4:51:41 AM PDT by grundle
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To: grundle
Wonder how many libretards use these loop holes. Half of the people do not pay taxes anyway. This is just trump hate.
2 posted on 09/28/2020 4:56:38 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: grundle

This problem could be solved instantly with a flat 10% tax on ALL income, no deductions, no credits, no exceptions.


3 posted on 09/28/2020 4:59:04 AM PDT by meyer (WWG1WGA, MAGA! Derps vs. Patriots, choose your side.)
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To: grundle

0bama made him rich.

If the law allowed business owners to get back 4-5 years of paid taxes, he did nothing wrong.

Why weren’t the rest of us allowed to get back 4-5 years of paid taxes?


4 posted on 09/28/2020 5:01:52 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: grundle

Now, are we going to look at Biden & Son finances?


5 posted on 09/28/2020 5:03:22 AM PDT by virgil (The evil that men do lives after them)
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To: grundle

They’re angry cuz they done got fooled again.

Suckers.


6 posted on 09/28/2020 5:03:48 AM PDT by mewzilla (Break out the mustard seeds.)
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To: ConservativeMind
"Why weren’t the rest of us allowed to get back 4-5 years of paid taxes?"

Obey, don't ask questions, and put your mask on citizen!

7 posted on 09/28/2020 5:07:28 AM PDT by EEGator
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To: grundle

ONE tax rate.

Same for everybody.

That’s it.


8 posted on 09/28/2020 5:08:06 AM PDT by sauropod (I will not comply.)
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To: grundle

First... If he hasn’t broken the law, they have no argument.

Second... How in the hell did the NYT get their hands on Trump’s tax documents? THAT is the far bigger issue here.


9 posted on 09/28/2020 5:09:06 AM PDT by ScottinVA (First, letÂ’s deal with the election; then weÂ’ll deal with BLM.)
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To: sauropod

“ONE tax rate. Same for everybody.”

9-9-9


10 posted on 09/28/2020 5:09:07 AM PDT by BlueStateRightist (Government is best which governs least.)
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To: grundle

I used those provisions. In fact hr block software actually calculated my refund for me and correctly. It wasn’t millions but I still got back a good chunk of change using that very provision.

I have since moved to Tennessee. No income tax, but there is a pretty good sales tax in just about everything. Everyone pays it without exemption. So it is probably more fair across the board. Buy more you pay more taxes.


11 posted on 09/28/2020 5:14:08 AM PDT by msrngtp2002 (Just my opinion.)
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To: grundle

When is someone in the MSM going to ask why so many companies incorporate in Biden’s home state of Delaware?


12 posted on 09/28/2020 5:18:14 AM PDT by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
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To: msrngtp2002

....why are these legal provisions in these tax laws called “loopholes”....?? there is a difference between tax AVOIDANCE and tax EVASION.... you would have to be crazy not to take advantage of whatever legal provisions exist to avoid paying taxes...the H&R Block software that you reference certainly would not be considered as taking advantage of “loopholes” which has a very negative meaning to most uninformed Americans (which is probably MOST Americans...)


13 posted on 09/28/2020 5:19:20 AM PDT by TokarevM57
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To: grundle

I have an acquaintance (Formerly a good friend) who fancies himself a libertarian when he’s really just a leftist who despises Trump. He just tweeted how shameful it is that Trump only paid $750.

It gave me great pleasure to send him this article.

Schadenfreude


14 posted on 09/28/2020 5:19:38 AM PDT by cyclotic (The most dangerous people are the ones that feel the most helpless)
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To: mewzilla

this......


15 posted on 09/28/2020 5:20:23 AM PDT by QualityMan ( Mr. President, we have your back.)
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To: grundle

I hate taxes.


16 posted on 09/28/2020 5:21:22 AM PDT by HighSierra5
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To: grundle

Just as everyone became a virologists and statisticians last spring, now everyone will become a tax accountant.


17 posted on 09/28/2020 5:26:56 AM PDT by Vermont Lt
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To: grundle

Politics are changed by simple concepts and phases. The details are not important.


18 posted on 09/28/2020 5:30:31 AM PDT by Lockbox
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To: Lockbox
Politics are changed by simple concepts and phases

Yep, Goebbels figured that out years ago, worked like a charm.

19 posted on 09/28/2020 5:31:12 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: ConservativeMind
Why weren’t the rest of us allowed to get back 4-5 years of paid taxes?

You were.

You just needed to have massive losses that offset the prior taxes you paid.

20 posted on 09/28/2020 5:57:41 AM PDT by Alberta's Child ("ThereÂ’s somebody new and he sure ain't no rodeo man.")
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