VOTE! Election thread

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What will be the results of todays vote?

  • Trump wins big

    Votes: 11 15.5%
  • Trump wins small

    Votes: 12 16.9%
  • No decision by tomorrow morning

    Votes: 27 38.0%
  • Biden wins small

    Votes: 15 21.1%
  • Biden wins big

    Votes: 6 8.5%

  • Total voters
    71

PF5

Cowboy
Jan 3, 2014
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Can you seriously say with a straight face and truth serum that you're ok with a dude having a net worth of $2.5 Billion paying less federal income taxes than you do? (much less)
Stop...really, just stop...
 
Mar 11, 2006
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Can you seriously say with a straight face and truth serum that you're ok with a dude having a net worth of $2.5 Billion paying less federal income taxes than you do? (much less)
Stop...really, just stop...
Again, your ire is misplaced. Trump had nothing to do with federal tax laws for the 2016 year (but coincidently the opposite candidate has a long history of being involved with federal tax law).

Unless you have information Trump illegally evaded taxes, then I don’t know why you are upset with him about this.
 
May 31, 2007
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It shouldn’t matter how much he paid in income taxes during a single year. It should matter if he followed tax laws. If he legally avoided taxes under a tax code that he had nothing to do with, and after 8 years of a Obama/Biden administration, then focus of ire is misplaced.
The other thing is that you can’t look at a business owner’s personal tax returns (especially a tycoon like Trump) and really know their actual damage to the Feds. It’s ridiculously complicated which is the actual problem that should be addressed and never is. But like I said earlier, who here would voluntarily pay more taxes than they are legally obligated to? And also a guy like Trump is paying some big time tax accounting firm 7 figures to handle his books. It’s really not accurate to suggest his tax expenses are less than a middle class American. It’s still going to be astronomical in comparison.
 

cowboyinexile

Have some class
A/V Subscriber
Jun 29, 2004
16,770
10,326
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Fairmont, MN
Can you seriously say with a straight face and truth serum that you're ok with a dude having a net worth of $2.5 Billion paying less federal income taxes than you do? (much less)
Stop...really, just stop...
He isn't that liquid. Considering how much he owes its arguable half the damn board is more above water than he is.

I don't knock him for having the accountants to limit his tax burden. We all do that. But damn for a guy that owns a bunch of casinos he has a lot of debt.
 

OSUCowboy787

Territorial Marshal
Dec 31, 2008
6,653
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Keller, Texas
Can you seriously say with a straight face and truth serum that you're ok with a dude having a net worth of $2.5 Billion paying less federal income taxes than you do? (much less)
Stop...really, just stop...
100% yes. If he was breaking any IRS rules he would be fined and or jailed. Seeing as he hasn't, just because he pays someone to help him play the game better than you doesn't mean he's a bad person for doing it. Turn it around on you, If you had the wealth he does, wouldn't you try to pay as little taxes as you are legally obligated to? All these libs who want to tax the rich and none of them voluntarily offer up more money to the government. Not illegal to pay more than you're required to the IRS. A donation to the US Government...
 

steross

he/him
A/V Subscriber
Mar 31, 2004
29,786
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oklahoma city
This may be true. Wouldn't surprise me a bit. At the same time you remember when Harry Reid said another Republican presidential contender didn't pay taxes and it turned out to be a flat out lie. When asked about it later Harry said "he didn't win the election did he?"
I don't remember that.

I do remember Mitt Romney paying 13% on his $46 million dollar income the year before he ran while I had to pay 28% on far, far, far less income that same year.

(And for all the doubters out there, yes, that is effective rates not comparing marginal rates to effective rates).
 

CocoCincinnati

Federal Marshal
Feb 7, 2007
16,067
16,978
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Tulsa, OK
Can you seriously say with a straight face and truth serum that you're ok with a dude having a net worth of $2.5 Billion paying less federal income taxes than you do? (much less)
Stop...really, just stop...
Are you really going to say with a straight face that you are more mad at a person for taking advantage of a broken tax code than you are at the people who broke it? Stop.....really, just stop.

I don't know about you, but I take advantage of every legal tax break I can. Does it bother me that rich people like Trump can more easily game the system than I can? Of course. But I blame the politicians who made it possible (like Pelosi, McConnell and yes Biden).

This is of course all hypothetical at this point as the statement about Trump's taxes could be yet another lie. Wolf!
 

Jostate

Bluecolla's sock
A/V Subscriber
Jun 24, 2005
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I don't remember that.

I do remember Mitt Romney paying 13% on his $46 million dollar income the year before he ran while I had to pay 28% on far, far, far less income that same year.

(And for all the doubters out there, yes, that is effective rates not comparing marginal rates to effective rates).
We can debate the fairness of the tax laws all day long, I'd probably agree with a lot of what you say. It's always funny to me when life long politicians complain about things like that because they, and their cronies, created those laws. It really left a mark when Harry Reid was challenged on what had been proven to be a lie and not only did he show no remorse, he gleamed with the "he didn't win did he?" response.

I would be willing to bet Trump has exploited the bankruptcy and tax laws to stack the deck in his favor his whole adult life. That doesn't make him stupid, it makes the people who made those laws stupid.

It might make him sleazy, but I was decades ahead of everyone else on that one. I remember in the 80's bitching at people who thought Trump was some brilliant business man and thought he was Sam Walton rich. At the time Trump in so much debt he wasn't even Jostate rich.

 
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pokes16

Territorial Marshal
Oct 16, 2003
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As a guy who has 2 CPAs as business partners, I can tell you, I know of A LOT of successful biz people with long standing NOLs and loss carry forwards. And the CPAs would be breaking their duty if they did not take full and legal advantage of those opportunities. Real Estate and Oil and Gas offer lots of ways to get there.
 

Jostate

Bluecolla's sock
A/V Subscriber
Jun 24, 2005
21,081
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As a guy who has 2 CPAs as business partners, I can tell you, I know of A LOT of successful biz people with long standing NOLs and loss carry forwards. And the CPAs would be breaking their duty if they did not take full and legal advantage of those opportunities. Real Estate and Oil and Gas offer lots of ways to get there.
I'm a little over my head on some of this but it's the bankruptcy laws that bother me the most. I understand the reason for them and think they should exist, but it appears they can be exploited.

Even more than that, I'm annoyed by the banks constantly getting fooled by Trump. I remember reading an article in the 80's saying something along the lines of if you have a big loan at a bank, the bank owns you. Until you get a big enough loan at the bank and then you own the bank, because they have more to lose by you defaulting than they do. Trump may be stupid, but he's clearly smarter than the people who loaned him money and didn't get paid back.
 

pokes16

Territorial Marshal
Oct 16, 2003
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Tulsa
The funniest/most ironic part of all this that evidently really upset the NYT, was that there was a tax law change under Obama that allowed Trump to write off even more/faster. LOL
 
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