taxes Archives - Stable Genius Liberal

2019-05-092019-05-09

Trump Defends $1.17 Billion in Losses as Just for ‘Tax Purposes’

“Yet even as he tried to explain in a pair of Twitter posts that showing “losses for tax purposes” was considered a “sport” among real estate developers like himself, the president also said The Times’s account was “a highly inaccurate Fake News hit job!””

His defense is that he is a tax cheat. He is saying the NY Times story is inaccurate because the times thinks his reported losses are losses and not fraud.

From: nytimes.com https://www.nytimes.com/2019/05/08/us/politics/trump-tax-investigation.html#click=https://t.co/DNWG0W4J6f

2019-05-082019-05-08

Billion in losses or a decade of felony tax fraud?

“The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.”

From: nytimes.com

I’m not a lawyer and do not have any special information here but one thing to keep in mind, a billion in declared losses may not be a billion in actual losses. He may be overstating or just inventing losses as a way to conceal profits. That would be tax fraud. And a 30 year history of felony tax fraud seems like a really good reason to block anyone from being able to look at his taxes. If they should become public, it would open him up possible fines and penalties, perhaps exceeding his ability to pay.

https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html

2018-06-02

Repetitively cutting taxes for the rich isn’t the answer

Conservative proponents of supply-side tax cuts remain stuck in the 1980s. Tax cuts worked then, so tax cuts will work again to stimulate growth. That syllogism defies logic, given how the economy and workforce have changed in 37 years since the first Reagan tax cut.

via Repetitively cutting taxes for the rich isn’t the answer

2017-12-212019-01-10

2017-12-20

We’re witnessing the wholesale looting of America

2017-12-06

How New Yorkers Would Lose Under the Republican Tax Bill

The tax bill approved by the Senate is many things, offering a huge tax cut for corporations, lower rates for the wealthy, and a big victory for Republicans and the White House.

via How New Yorkers Would Lose Under the Republican Tax Bill

2017-12-05

Republicans’ Tax Lies Show the Rot Spreads Wide and Runs Deep

On Thursday morning, The New York Times revealed that Steven Mnuchin, the Treasury secretary, has been lying for months about Republican tax plans.

via Republicans’ Tax Lies Show the Rot Spreads Wide and Runs Deep

2017-11-21

Opinion | The House Just Voted to Bankrupt Graduate Students

This is a tax on education.

2017-11-162019-01-09

2016-03-20

Kansas Republicans Finally Admit That Their Tax Cuts For The Wealthy Have Failed

We hoped they would just be a magic lantern and everybody would react to it. But, eh, it’s hard to get a company to uproot their business when they’re established and move to another place just because of this difference in tax policy.

(via Kansas Republicans Finally Admit That Their Tax Cuts For The Wealthy Have Failed)

Waiting for people to argue that taxes just were not cut enough.