45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)
Ah, that's the Republican disingenuous deflection on the issue of the extremely wealthy who tax loop their way out of paying their fair share.
Guess what, that half truth didn't work out for Romney well, did it?
Because the majority of the 45.3% are the poor, disabled, and retired seniors who dont make enough income to pay fed taxes, but still part with a disportionate part of their small income in sales taxes, property taxes, state taxes and/or city taxes.
Not billionaire tax cheats (Trump, look it up) who go home to gold plated toilets.
Why no federal tax return for that year? When they could get ahold of the state returns?
Because he mostly likely paid a buttload of federal medicare tax on that business income. Almost 3% on $3 million. Plus social security on the first $100K or so.
Doesn't fit the narrative to show that the wealthy fund medicare for everyone else.
He's still a turd. But I hate cherry picking facts. It's exhausting wondering what I haven't been told.
And. Here's a likely illegal tax dodge. He is an owner of many S Corporations? Why no wages from any of the S Corporations? Some of them must have made a profit, they weren't all losses. He would be subject to social security tax on the first $100K or so from EACH S corporation that paid him wages. It is double taxation and that is one way the wealthy are taxed. And yet his wages are only $6K?
Maybe he only had partnerships back then, limited liability companies. But if he was an owner of at least one successful S Corporation, there has to be wages if he took cash out. And you gotta figure he took cash out.
The IRS looks at that closely though. You'd think he wouldn't be so stupid.
I do taxes for a living. I had a boss once who said to his clients-- you can be a pig, but don't be a hog.
*the biggest eyeroll in all of human history commences* *BTW no matter what time you are reading this comment, it's still happening & my eyeballs are tired*
Are the Leftist Pearl Clutchers suggesting he should have paid more Federal taxes than the law required?
That would have violated his fiduciary responsibility to the businesses he operated, and been illegal for any publicly traded businesses.
BTW, please give us a list of Righteous Leftist Moguls who have paid more Federal Taxes than the law required.
And when Hillary heard about the write-off shenanigans she announced that her list of CEO donors and supporters will be searched for ANYONE who has EVER claimed a business loss on their Federal returns and they will be PURGED and publicly SHAMED.
Transcripts of recently leaked audio revealed Hillary unloading on the Bernie supporting Slacker Class:
"There’s just a deep desire among these morons to believe that we can have free college, free healthcare, >unintelligible hysterical cackling< that what we’ve done hasn’t gone far enough, and that we just need to, you know, go as far as, you know, Scandinavia, whatever that means, and half these retards don’t even know what that means, but it’s something that they deeply feel...."> sound of eyes rolling<
"Some are new to politics completely. They’re children of the Great Recession. And they are living in their parents’ basement. They feel they got their education and the jobs that are available to them are not at all what they envisioned for themselves. And they don’t see much of a future.
"Losers....
"Why can't they get a job as a special correspondent like my Chelsea did, right out of school, making $600,000.00 a year?
"Plus pick up a little extra cash doing public service, like my Precious Darling, taking in another $300,000.00 a year as a board member for Barry Diller’s IAC/InteractiveCorp?
If these slack-assed stoners looked they would find oodles of great jobs out there..."
But Hillary reserved her sharpest barbs for ungrateful young blacks...
"I met with a group of young black millennials today and one of the uppity young women said, “You know, none of us feel that we have the job that we should have gotten out of college. And we don’t believe the job market is going to give us much of a chance.” So that is a mindset that is really affecting their politics. And so if you’re an ungrateful little snot feeling like you’re consigned to, you know, being a barista, or a housekeeper, or you know, some other job that doesn’t pay a lot, and doesn’t have some other ladder of opportunity attached to it, then the idea that maybe, just maybe, you could be part of a political revolution is pretty appealing.
"These whiney bitches don't seem to appreciate all Democrats have done for them" she sniffed."
As usual, our sad little Trump Troll insists on pulling material out of his colon that would normally evacuate of its own accord (the secret is: more fiber) without http://www.newsweek.com/clinton-didnt-in…">bothering to fact-check, and instead relies on RWNJ's as his sources of "information". But then, his idol can't be bothered with such trifling plebian diversions as "establishing facts" or "corroborating information" or "evaluating evidence", so I don't think any of us expect more from him either. In both cases the bar is set so low we'd all be far more impressed to witness them limbo under it, rather than step over it.
If Trump didn't do anything illegal and he has nothing to be ashamed of, then what is he hiding? He's handing Hillary an excuse to not talk about Benghazi and email and Vince Foster and how she was so short with those women trying to wreck her family.
You know this is exactly what Trump said about Obama's birth certificate. And Romney's taxes, back when the shoe was on the other foot. Trump said, "What are they hiding?" He could have released his taxes a long time ago and then Trump would get to set the agenda for what we talk about. Instead, Trump has to play defense, and has to react to other people who control the dialog. Trump -- supposedly smart? -- knows this and yet he continues to do this to himself.
@21 your magic 43% number is ignoring that those people don't have wealth. Not paying federal income tax vs not paying it and still having millions of dollars of assets are two different things.
As odious as I find Trump, neither the Times or this article provide any evidence that he paid no Federal income tax over that 18 year period. For all we know, which is very little, Trump could have taken the entire deduction the following year, or in five years, or never. It's a very common tax strategy and used by businesses large and small.
In any case, the deduction would have expired in 2013, and so the Stranger headline that the "Returns Show Trump Probably Hasn't Paid Federal Taxes In 18 Years" is not only inaccurate, but irresponsible in it's assumption of guilt with no evidence to support it. Even if true, Trump has said and done so many far more offensive things that speculating about what else he might have done is a biased and pointless distraction. Like something Trump would do.
@24 "As odious as I find Trump, neither the Times or this article provide any evidence that he paid no Federal income tax over that 18 year period."
Yes it does. The NY Times took the forms to tax experts to show that Trump could deduct up to $50 million each year for a 15-18 year period on any income he received.. everything points that he took advantage of this.
Trump paid taxes, like property, maybe New York's state and city income tax, and property taxes in Florida but stating this, Trump took either massive deductions or paid no Federal income tax for years or over a decade..
The Trump campaign still refuses to release Donald Trump's income taxes for the past 8-10 years. They don't really deny the New York Times story, they are just pissed that someone leaked the tax documents. Once again this is really bad. This is a campaign destroyer.
The persons still willing to vote for him support his refusal to submit tax returns. That's what they like about him. Defy Big Brother! I like Hillary's comment about his not supporting the troops, not supporting the infrastructure of the country for schools, highway improvements, just because he has a smart tax lawyer? He said he hasn't paid taxes because he's smart......Greedy and selfish, do we really want this kind of person running the country?
Killery used the same tactics Trump did, but you liberals won't say anything about it because you're all snowflakes and hypocrites.
And this won't change the mind of Real Americans and loyal patriots, who are witnessing Trump's surge in the polls, like the LA Times/USC Poll. Here's some great commentary for you libards. Watch and learn:
@33 "Killery used the same tactics Trump did, but you liberals won't say anything about it because you're all snowflakes and hypocrites."
We don't say anything because we are grounded in reality and don't need to resort to false equivalencies, unlike you and your weirdo friend's youtube video..
Wow, Alleged is throwing quite the hissy fit.
It's okay, you sad little man! The only reason it feels like nobody here cares what you have to say is because nobody anywhere cares what you have to say!
So, judging by the responses in 90% of threads on Slog is now dominated by a some moronic Troll that you guys refuse to block and reflexively engage. And you wonder why more of the writers are not allowing comments?
For fuck sake if the moderators won't police these trolls then you guy have to do it yourselves. Stop getting sucked in and stop feeding the morons.
Chrome comment blocking extension. Look into it. You won't look back.
@51: It works in The Stranger's favor that a few trolls lurk around the comments section. Each time the comments section is loaded or refreshed, that's more ad revenue for them. So the trolls are actually doing more to support The Stranger than any of us oldfags have done, really.
For those of us with an intelligence above that of a lizard, and see Trump for the grifter he is, they serve as a convenient proxy to scream at, since most Trump supporters will never venture out of their safe spaces of Breitbart, WorldNetDaily, the Daily Caller, and Fox.
45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group. (Note that this does not necessarily mean they won’t owe their states income tax.)
Guess what, that half truth didn't work out for Romney well, did it?
Because the majority of the 45.3% are the poor, disabled, and retired seniors who dont make enough income to pay fed taxes, but still part with a disportionate part of their small income in sales taxes, property taxes, state taxes and/or city taxes.
Not billionaire tax cheats (Trump, look it up) who go home to gold plated toilets.
Those are the real parasites you're defending.
Because he mostly likely paid a buttload of federal medicare tax on that business income. Almost 3% on $3 million. Plus social security on the first $100K or so.
Doesn't fit the narrative to show that the wealthy fund medicare for everyone else.
He's still a turd. But I hate cherry picking facts. It's exhausting wondering what I haven't been told.
And. Here's a likely illegal tax dodge. He is an owner of many S Corporations? Why no wages from any of the S Corporations? Some of them must have made a profit, they weren't all losses. He would be subject to social security tax on the first $100K or so from EACH S corporation that paid him wages. It is double taxation and that is one way the wealthy are taxed. And yet his wages are only $6K?
Maybe he only had partnerships back then, limited liability companies. But if he was an owner of at least one successful S Corporation, there has to be wages if he took cash out. And you gotta figure he took cash out.
The IRS looks at that closely though. You'd think he wouldn't be so stupid.
I do taxes for a living. I had a boss once who said to his clients-- you can be a pig, but don't be a hog.
Trump is looking like a hog.
*the biggest eyeroll in all of human history commences* *BTW no matter what time you are reading this comment, it's still happening & my eyeballs are tired*
"So if they've paid zero, that means zero for troops, zero for vets, zero for schools or health."she angrily tweeted.
ZERO!
Are the Leftist Pearl Clutchers suggesting he should have paid more Federal taxes than the law required?
That would have violated his fiduciary responsibility to the businesses he operated, and been illegal for any publicly traded businesses.
BTW, please give us a list of Righteous Leftist Moguls who have paid more Federal Taxes than the law required.
Have Hillary and Bill; ever?
Obama?
Anyone?.....
.
crickets....
Transcripts of recently leaked audio revealed Hillary unloading on the Bernie supporting Slacker Class:
"There’s just a deep desire among these morons to believe that we can have free college, free healthcare, >unintelligible hysterical cackling< that what we’ve done hasn’t gone far enough, and that we just need to, you know, go as far as, you know, Scandinavia, whatever that means, and half these retards don’t even know what that means, but it’s something that they deeply feel...."> sound of eyes rolling<
Hillary continued to rail on the Bernie Brats:
"Some are new to politics completely. They’re children of the Great Recession. And they are living in their parents’ basement. They feel they got their education and the jobs that are available to them are not at all what they envisioned for themselves. And they don’t see much of a future.
"Losers....
"Why can't they get a job as a special correspondent like my Chelsea did, right out of school, making $600,000.00 a year?
"Plus pick up a little extra cash doing public service, like my Precious Darling, taking in another $300,000.00 a year as a board member for Barry Diller’s IAC/InteractiveCorp?
If these slack-assed stoners looked they would find oodles of great jobs out there..."
"I met with a group of young black millennials today and one of the uppity young women said, “You know, none of us feel that we have the job that we should have gotten out of college. And we don’t believe the job market is going to give us much of a chance.” So that is a mindset that is really affecting their politics. And so if you’re an ungrateful little snot feeling like you’re consigned to, you know, being a barista, or a housekeeper, or you know, some other job that doesn’t pay a lot, and doesn’t have some other ladder of opportunity attached to it, then the idea that maybe, just maybe, you could be part of a political revolution is pretty appealing.
"These whiney bitches don't seem to appreciate all Democrats have done for them" she sniffed."
That's it?
why did you even bother?
You know this is exactly what Trump said about Obama's birth certificate. And Romney's taxes, back when the shoe was on the other foot. Trump said, "What are they hiding?" He could have released his taxes a long time ago and then Trump would get to set the agenda for what we talk about. Instead, Trump has to play defense, and has to react to other people who control the dialog. Trump -- supposedly smart? -- knows this and yet he continues to do this to himself.
Must be a reason.
In any case, the deduction would have expired in 2013, and so the Stranger headline that the "Returns Show Trump Probably Hasn't Paid Federal Taxes In 18 Years" is not only inaccurate, but irresponsible in it's assumption of guilt with no evidence to support it. Even if true, Trump has said and done so many far more offensive things that speculating about what else he might have done is a biased and pointless distraction. Like something Trump would do.
Yes it does. The NY Times took the forms to tax experts to show that Trump could deduct up to $50 million each year for a 15-18 year period on any income he received.. everything points that he took advantage of this.
Trump paid taxes, like property, maybe New York's state and city income tax, and property taxes in Florida but stating this, Trump took either massive deductions or paid no Federal income tax for years or over a decade..
The Trump campaign still refuses to release Donald Trump's income taxes for the past 8-10 years. They don't really deny the New York Times story, they are just pissed that someone leaked the tax documents. Once again this is really bad. This is a campaign destroyer.
All his life, this guy has done nothing but to help himself. He has not dedicated his life to helping others.
And this won't change the mind of Real Americans and loyal patriots, who are witnessing Trump's surge in the polls, like the LA Times/USC Poll. Here's some great commentary for you libards. Watch and learn:
http://www.youtube.com/watch?v=JxcDdRc4I…
what is the net worth of Hillary and her serial rapist spouse after a life-time selflessly dedicated to helping others?
Say it ain't so…...
We don't say anything because we are grounded in reality and don't need to resort to false equivalencies, unlike you and your weirdo friend's youtube video..
It's pretty sweet that Chelsea could land a spot in the 1% her first year out of school.
Who says America isn't a great place...
If the argument against Trump needs to go beyond "he's too stupid", it doesn't matter what else.
In this instance it was clearly sufficient, as your inability to refute the article aptly demonstrates...
refute what?
did you even read the article?
>once.
It's okay, you sad little man! The only reason it feels like nobody here cares what you have to say is because nobody anywhere cares what you have to say!
For fuck sake if the moderators won't police these trolls then you guy have to do it yourselves. Stop getting sucked in and stop feeding the morons.
Chrome comment blocking extension. Look into it. You won't look back.
https://chrome.google.com/webstore/detai…
I don't think that word means what you think it means...
For those of us with an intelligence above that of a lizard, and see Trump for the grifter he is, they serve as a convenient proxy to scream at, since most Trump supporters will never venture out of their safe spaces of Breitbart, WorldNetDaily, the Daily Caller, and Fox.