Donald Trump Used Legally Dubious Method to Avoid Paying Taxes
Donald J. Trump proudly acknowledges he did not pay a dime in federal income taxes for years on end. He insists he merely exploited tax loopholes legally available to any billionaire — loopholes he says Hillary Clinton failed to close during her years in the United States Senate. “Why didn’t she ever try to change those laws so I couldn’t use them?” Mr. Trump asked during a campaign rally last month.
But newly obtained documents show that in the early 1990s, as he scrambled to stave off financial ruin, Mr. Trump avoided reporting hundreds of millions of dollars in taxable income by using a tax avoidance maneuver so legally dubious his own lawyers advised him that the Internal Revenue Service would most likely declare it improper if he were audited.
Thanks to this one maneuver, which was later outlawed by Congress, Mr. Trump potentially escaped paying tens of millions of dollars in federal personal income taxes. It is impossible to know for sure because Mr. Trump has declined to release his tax returns, or even a summary of his returns, breaking a practice followed by every Republican and Democratic presidential candidate for more than four decades.
Tax experts who reviewed the newly obtained documents for The New York Times said Mr. Trump’s tax avoidance maneuver, conjured from ambiguous provisions of highly technical tax court rulings, clearly pushed the edge of the envelope of what tax laws permitted at the time. “Whatever loophole existed was not ‘exploited’ here, but stretched beyond any recognition,” said Steven M. Rosenthal, a senior fellow at the nonpartisan Tax Policy Center who helped draft tax legislation in the early 1990s.
Corrupt Liar back under investigation
-
- Posts: 2194
- Joined: Fri Dec 10, 2010 2:24 pm
Re: Corrupt Liar back under investigation
Wow, "Corrupt Lian" caught fudging taxes, using loopholes that were stretched beyond belief, and later closed by the Congress... Amazing what is "OK" for some and "Not OK" for others:
"When fascism comes to America it will be wrapped in the flag and carrying a cross." -- Sinclair Lewis
"Patriotism is the last refuge of a scoundrel" -- Samuel Johnson (1775)
"Taking Back The Country From Those Who Think It Needs Taking Back."
"The Stupidity Is Breathtaking": Joe Scarborough Evaluates Trump
"Patriotism is the last refuge of a scoundrel" -- Samuel Johnson (1775)
"Taking Back The Country From Those Who Think It Needs Taking Back."
"The Stupidity Is Breathtaking": Joe Scarborough Evaluates Trump
- Cinnamongirl
- Posts: 20613
- Joined: Tue Oct 12, 2010 4:08 pm
- Contact:
Re: Corrupt Liar back under investigation
LJ let's play your game. Hillary is still worse..
Check a fact before it becomes a fact.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
- Cinnamongirl
- Posts: 20613
- Joined: Tue Oct 12, 2010 4:08 pm
- Contact:
Re: Corrupt Liar back under investigation
joeschmo wrote:Photo Caption Contest of the week...Cinnamongirl wrote:
Hillary: You wiped all those emails off your perv husband's laptop right?
Weiner Wife: uh....you mean like with a cloth?

Check a fact before it becomes a fact.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
-
- Posts: 6756
- Joined: Mon Jan 28, 2013 4:49 pm
- Location: Red Feather Lakes
Re: Corrupt Liar back under investigation
At least we get some comedy as we wait to see which horrible president we're going to be stuck with.
It's really funny that Bill Clinton was almost taken down by a vagina and now Hillary may be taken down by a weiner. And, Trump was damaged by his comment about grabbing a vagina. Every time I think this election couldn't get more ridiculous, I'm proven wrong.
It's really funny that Bill Clinton was almost taken down by a vagina and now Hillary may be taken down by a weiner. And, Trump was damaged by his comment about grabbing a vagina. Every time I think this election couldn't get more ridiculous, I'm proven wrong.
- Cinnamongirl
- Posts: 20613
- Joined: Tue Oct 12, 2010 4:08 pm
- Contact:
Re: Corrupt Liar back under investigation
I know this is a bit off topic but she needs a new social media manager. I volunteer <evil grin>


Check a fact before it becomes a fact.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
- Cinnamongirl
- Posts: 20613
- Joined: Tue Oct 12, 2010 4:08 pm
- Contact:
Re: Corrupt Liar back under investigation
Joe can I steal that for my facebook page. I could make a meme for everyone.
Check a fact before it becomes a fact.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
- Cinnamongirl
- Posts: 20613
- Joined: Tue Oct 12, 2010 4:08 pm
- Contact:
Re: Corrupt Liar back under investigation
Check a fact before it becomes a fact.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
The world is made for people who aren't cursed with self-awareness. -- Annie Savoy
Owner, CEO and Founder of http://www.communitiesbound.com Founder of http://www.285bound.com
Colorado Native.
-
- Posts: 2194
- Joined: Fri Dec 10, 2010 2:24 pm
Re: Corrupt Liar back under investigation
No... She isn't.Cinnamongirl wrote:LJ let's play your game. Hillary is still worse..
"When fascism comes to America it will be wrapped in the flag and carrying a cross." -- Sinclair Lewis
"Patriotism is the last refuge of a scoundrel" -- Samuel Johnson (1775)
"Taking Back The Country From Those Who Think It Needs Taking Back."
"The Stupidity Is Breathtaking": Joe Scarborough Evaluates Trump
"Patriotism is the last refuge of a scoundrel" -- Samuel Johnson (1775)
"Taking Back The Country From Those Who Think It Needs Taking Back."
"The Stupidity Is Breathtaking": Joe Scarborough Evaluates Trump
Re: Corrupt Liar back under investigation
I'll bet he even photoshops!!LadyJazzer wrote:
Amazing what you clowns are "OK" with and "not OK" with...

-
- Posts: 6756
- Joined: Mon Jan 28, 2013 4:49 pm
- Location: Red Feather Lakes
Re: Corrupt Liar back under investigation
Windchime wrote:I'll bet he even photoshops!!LadyJazzer wrote:
Amazing what you clowns are "OK" with and "not OK" with...
