How did Trump go from owing the IRS $750 in 2017 to $999,466 in 2018?

[OddBeMe]

I feel a wave of financial scandals hitting Trump soon…

And in 2020 he lost 4.8 billion, perhaps why he was slow to initiate anti-Covid measures.

[lightbulb27]

I'll await the detailed GAG analysis on Trump for the "truth". Using basic logic... He at least owns property in NYC and other places which has value and he can rent out those units at ludicrous prices to extremely filthy rich people... ya know, like arabs that pay $50,000 a night and such. That makes sense to me... somewhat.. he should have some profits and pay some taxes. However, he's gonna have some nice tax write offs for losing billions of other idiot bankers money (a smart move on his part) ... you know, the idiots that loaned him money to build casinos... loaned them your money. If you loan money to a sociopath developer, we'll... that's your problem isn't it? Smart!

How did the clintons and obamas walk away with millions I'd rather like to know... not to mention other congress people. I would like to get a book deal for $100 million like they did. I want that analysis because it doesn't make any sense...

And how did chelsea buy a place for millions in NYC when these people were just lawyers and president for a few years.

[OddBeMe]

And the secret service he overcharged at maralago.

[exitseven]

He has an army of tax attorneys and accountants. They can defer earnings to put you in a different tax bracket and amortize losses over a period of time so it looks like you did not make as much money as you did. All this is legal. . Mostly I think they make it so complicated that the IRS cannot figure it out. I wish I could get some of that.

[OddBeMe]

I get that, and smaller numbers could have been this. But owing zero and then owing 999,000? That means he had a paycheck of tens of million.

[exitseven]

in Trump's world that is probably normal.

[OddBeMe]

No that ain’t. He paid zero dollars in tax for ten years.

[exitseven]

The tax laws are set up so the rich can exploit them. I had a big loss one year and for the next couple of years I paid zero taxes and I am not rich.

[OddBeMe]

True…so if out of the blue he had to report $999,000 one year and you’re ok with it?

That means he was given 80% more for some reason.

[exitseven]

If he is taking advantage of one of the many gray areas of the tax code it is perfectly legal. I would do the same if I had the opportunity so yes I am okay with it.

[exitseven]

Thanks for the MHO😎

[Adaeva]

Almost certainly, in 2017, Trump didn't earn much but did earn a lot of money in 2018.

[OddBeMe]

Right! Anybody else that would have triggered massive investigations. But we only find out because of idiots on Jan 6. God bless those insurrectionists.

[dustybiker]

All his money went to pay the people who disappear everything.

[dustybiker]

Guess he didn’t get his money’s worth. Can’t trust no one.

[OddBeMe]

Used all on lawyers. Except Rudy.

[dustybiker]

Ouch

[Anonymous]

No idea but those IRS audits that he lied about are probably going to happen for real now.

[OddBeMe]

Funny they come after working folk to pay the bills but not where the actual money is

[Opinion Owner]

Well… the government is run by wealthy people isn’t it? They don’t want anyone looking too hard at their tax avoidance schemes and they write loopholes in the tax code for themselves.

[Anonymous]

It's abuse of power by federal government agencies who can basically do whatever they want.

[OddBeMe]

So knowing that he somehow made tens of million extra whilst being president is abuse of power?

[joeldalton]

Wait, I thought Trump was scamming everyone to enrich himself while he was president.

[Wallythewalrus]

These people are insane! When Romney was running for president, they demanded 10yrs worth of taxes, because they said he was richer than he claimed. When Trump ran, they demanded tax records, because they wanted to prove he was poorer than he was claimed. Romney was Hitler, Trump is worse than Hitler and DeSantis will be the actual Devil. God help him!

[OddBeMe]

And we were right. @wally and we were right…

[joeldalton]

Then how did he lose $5 billion? Biden’s never lost money since 10% went to the big guy.

[OddBeMe]

So we let criminals off because they’re idiots?

[joeldalton]

No, we should absolutely prosecute Biden. I’m glad you’re finally starting to make sense.

[OddBeMe]

I wish being old as fck was illegal but you’ll need more. It seriously doesn’t bother you that Trump made Tens of Millions somehow in 2018?

[joeldalton]

Doesn’t it bother you that the FBI has corrupted our elections and the CIA killed Kennedy?

[OddBeMe]

Talking actual facts here. It doesn’t bother you?

[joeldalton]

What did I type that wasn’t a fact?

[OddBeMe]

Lots.

[joeldalton]

Name one. I’m waiting.

[OddBeMe]

CIA killed Kennedy?

[joeldalton]

I know you’re too dumb to read the documents that were just released about the assassination. But at the least they did nothing to stop it.

[msc545]

Trump is, among other things, a lousy gambler.

[Anonymous]

I'm glad its happening to him, because I don't want him winning the republican nomination in 2024.