They did indeed try - wow, such a scandal. Originally Posted by Austin Ellen
Jeeze Millie, I was making that in jest. Next time I'll put a disclaimer on it that says - Made in Jest. Not everything has to be so serious. Originally Posted by Austin EllenWell it could have been in jest if the meme didn't compare it to Obama. Doing that makes it a comparison. And since Trump supporters love to compare the two in defending his serious claims, it can't really be seen as in jest.
So yes Trump paid a good amount in taxes in 2005. But he didn't pay the effective tax rate for people living in NYC, which he lived in. That tax rate is 50%, he paid 25%. Way to go. Obama lived in Illinois at the time and DC later, which have lower tax rates. So there goes that little trump card you had about paying more than Obama. He didn't pay the city as much as you should have. Furthermore, he didn't pay all that because he wanted to. The AMT tax was required of him because he took so many exemptions that the government basically had to force him to pay his fair share in taxes. So that's where 30 million or so of that came from. Basically he paid 5 million in taxes on 158 million in a state that where people pay 50% on that. Then the government told him to pay what he knows on the back end and he did. Originally Posted by Milly23Where do you come up with this crap? FEDERAL tax rates are the same, whether you live in NYC or Chicago. What do you mean the "effective tax rate for people living in NYC... is 50%"? Do you have a link for any of your claptrap or are you just making things up as you go along again? Trump paid $38 million in FEDERAL taxes in 2005. He also paid lots of other taxes in addition to federal taxes.
Where do you come up with this crap? FEDERAL tax rates are the same, whether you live in NYC or Chicago. What do you mean the "effective tax rate for people living in NYC... is 50%"? Do you have a link for any of your claptrap or are you just making things up as you go along again? Trump paid $38 million in FEDERAL taxes in 2005. He also paid lots of other taxes in addition to federal taxes.
And then you whine "he didn't pay all that ($38 million!) because he WANTED to." Oh my, he should have smiled as he wrote out that check to the US Treasury! Isn't that what YOU do, millsy? If it gives you goose bumps, you should definitely feel free to pay MORE than the law requires, ok millsy?
Swing and a miss! Oh shit! Now what can I do? How do I make a strike-out look like a home run?
You really are desperate, aintcha! Originally Posted by lustylad
https://taxfoundation.org/high-incom...nt-tax-season/Your ignorance is astounding! You read articles and have no idea what they are about. Your first link shoots you in the foot on virtually everything you posted! The article is dated January 2014. It talks about tax changes going into effect at that time. Meanwhile, Trump's illegally-leaked tax return was for 2005! So right off the bat, you're asking why didn't he pay 2014 rates when he filed his return back in 2005? Lol!
http://www.cbsnews.com/news/trumps-t...e-minimum-tax/
http://time.com/money/4701799/trump-...e-minimum-tax/
Idk where I come up with this stuff. I mean maybe I just read articles. And listen to economists, etc. Who knows. Do you know that he paid lots of taxes? Are you his accountant because unless you are, you wouldn't know. You are just assuming he did.
Now to your whole pay more rant. I didn't say he should have paid more. But if the meme is going to talk about him paying more than other people, I pointed out he didn't pay what he should have. You can't have it both ways. It can't be he paid 25% when others didn't, but then say well he didn't pay 50% because he was smart. Because the reason he paid that much was because of exemptions he took. He would have, like most people, tried to pay less in taxes if he could have. So way to pat him on the back. I should thank the guy doing mandatory community service too. Because that's basically what it was.
Oh and by the way, I'm still waiting on you to tell the world what I do since you know. Originally Posted by Milly23
...he didn't pay the effective tax rate for people living in NYC, which he lived in. That tax rate is 50%, he paid 25%. Originally Posted by Milly23Trump paid 25% in FEDERAL TAXES ONLY. He obviously paid more than that once you add in state and local taxes. So you're comparing apples and oranges again.
Your ignorance is astounding! You read articles and have no idea what they are about. Your first link shoots you in the foot on virtually everything you posted! The article is dated January 2014. It talks about tax changes going into effect at that time. Meanwhile, Trump's illegally-leaked tax return was for 2005! So right off the bat, you're asking why didn't he pay 2014 rates when he filed his return back in 2005? Lol!
Can you look any stupider? Yes, you can! Here is a quote from the same article:
“Add these new (federal) taxes to state income taxes, such as California’s 13.3 percent income tax rate on those making $1 million or more, and the top marginal tax rate faced by high-income earners can be over 50 percent.”
They are are talking about the TOP MARGINAL RATE FOR FEDERAL AND STATE INCOME TAXES COMBINED! Trump's IRS return covers federal taxes only. He would have filed separate returns for his New York state and city taxes. You have no way of knowing what he paid in total combined (federal, state and local) taxes in 2005, since you don't have access to his state or city returns. And yet, you stupidly proclaim:
Trump paid 25% in FEDERAL TAXES ONLY. He obviously paid more than that once you add in state and local taxes. So you're comparing apples and oranges again.
Your stupidity also shines through in the way you substituted the word “effective” for the words “top marginal” that appeared in the article. Lots of NYC residents are subject to a TOP MARGINAL rate of 50% on at least part of their income, but very few pay an EFFECTIVE tax rate of anywhere near 50% after deductions and exclusions. You make it sound like everyone living in NYC actually pays 50%, which is the height of stupidity. Are you being deliberately misleading or are you just plain ignorant? It has to be one or the other - which is it, millsy?
Speaking of “you can't have it both ways” - I love the way you cast doubt on whether Trump even paid the $38 million in taxes shown on his illegally-leaked 2005 return. If it had been a much lower number, you wouldn't have questioned it, right? You would have accepted it and beat him up for not paying enough. But since it's a big fat number, the only thing you have to fall back on is to suggest it's fake, because nobody other than his accountant knows the truth, huh? That's pretty slimy, millsy. You can't have it both ways! (By the way, it is a serious fraud for a professional accountant knowingly to put false information on a client's tax return. All returns are signed by both the client and the preparer.)
Time for you to come clean, millsy. Admit that Rachel Madcow coughed up a big fat NOTHINGBURGER. She led her blindly loyal libtard viewers like you to believe she would unveil a scandal. In the end, she had nothing.
As Michael Goodwin said about Rachel's little stunt – if she had been hawking stocks, she would have been arrested for running a pump-and-dump scam!
Originally Posted by lustylad
Trump... didn't pay the effective tax rate for people living in NYC, which he lived in. That tax rate is 50%, he paid 25%. Originally Posted by Milly23Stay on topic. I'm not going down any evasive rabbit holes with you anymore. Answer my questions. If you can. If you can't, just say so and we'll let that speak to how much (or rather, how little) you know about taxes.
Stop deflecting, millsy. Your responses are lamer each time I hand your ass to you. 3 simple questions:
1. Did you or didn't you try to apply 2014 tax rates to Trump's 2005 income?
2. Did you or didn't you compare the federal tax rate alone with the combined rate for federal, state and local taxes?
3. Did you or didn't you confuse top marginal tax rate with effective rate in discussing taxes for NYC residents?
Be sure to re-read your direct quote again:
Stay on topic. I'm not going down any evasive rabbit holes with you anymore. Answer my questions. If you can. If you can't, just say so and we'll let that speak to how much (or rather, how little) you know about taxes. Originally Posted by lustylad
2005 isn't the year to worry about. It's 2008 and beyond. That's when Don Jr. said they were getting lots of money in from Russia. Those won't come out though, because you know, audit. Although 2009 and before isn't under audit so he could release the 2008 one. Originally Posted by Milly23I doubt Trump will leak his 2008 return (or any return after that). So much Russian money pouring in, those tax papers are soaking wet.