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Trump calls out Warren Buffet as a tax dodger too - apparently to lessen the severity of his appearance
And Buffett responds with "I'll make public all 72 of my tax returns" to prove that (guess what) trump lied again



https://www.washingtonpost.com/news/won ... -response/

What? Trumps a liar?

That's disqualifying.


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CID1990 wrote:What? Trumps a liar?

That's disqualifying.


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So we have two disqualified candidates from the major parties. Ain't life grand

OL FU wrote:

CID1990 wrote:What? Trumps a liar?

That's disqualifying.


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So we have two disqualified candidates from the major parties. Ain't life grand

Stop stealing my fire when I'm having a "so what" moment with clitorious


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CID1990 wrote:

OL FU wrote:
So we have two disqualified candidates from the major parties. Ain't life grand

Stop stealing my fire when I'm having a "so what" moment with clitorious


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hey it's football season what else I got to do

Chizzang wrote:Trump calls out Warren Buffet as a tax dodger too - apparently to lessen the severity of his appearance
And Buffett responds with "I'll make public all 72 of my tax returns" to prove that (guess what) trump lied again



https://www.washingtonpost.com/news/won ... -response/

Curious if Buffet is going to make tax returns available for Berkshire Hathaway. From the article, I didn't read if it was Buffet's personal or business returns that reported losses according to Trump. More in likely, Trump wasn't able to get that point across, therefore, he is open to attack due to rambling on and shooting from the hip. Buffet's business doesn't appear to have many losses over time, so they would be small compared to Trump, but I'm sure it has included losses at some point.

IMO, most, if not all businesses include losses in their tax returns, which affect how much they pay at the end of the year. Machinery breaking down, fluctuation of the cost of goods sold, etc.

Not voting for Trump, don't support Trump, just see him as the attention grabbing buffoon that he is.

Gil Dobie wrote:

Chizzang wrote:Trump calls out Warren Buffet as a tax dodger too - apparently to lessen the severity of his appearance
And Buffett responds with "I'll make public all 72 of my tax returns" to prove that (guess what) trump lied again



https://www.washingtonpost.com/news/won ... -response/

Curious if Buffet is going to make tax returns available for Berkshire Hathaway. From the article, I didn't read if it was Buffet's personal or business returns that reported losses according to Trump. More in likely, Trump wasn't able to get that point across, therefore, he is open to attack due to rambling on and shooting from the hip. Buffet's business doesn't appear to have many losses over time, so they would be small compared to Trump, but I'm sure it has included losses at some point.

IMO, most, if not all businesses include losses in their tax returns, which affect how much they pay at the end of the year. Machinery breaking down, fluctuation of the cost of goods sold, etc.

Not voting for Trump, don't support Trump, just see him as the attention grabbing buffoon that he is.

It doesn't matter if Buffett reported an overall loss or not. The question is whether or not he offset gains with any amount of losses. Surely he did. He just may not have had more losses than gains as Trump did.

CAA Flagship wrote:

Gil Dobie wrote:
Curious if Buffet is going to make tax returns available for Berkshire Hathaway. From the article, I didn't read if it was Buffet's personal or business returns that reported losses according to Trump. More in likely, Trump wasn't able to get that point across, therefore, he is open to attack due to rambling on and shooting from the hip. Buffet's business doesn't appear to have many losses over time, so they would be small compared to Trump, but I'm sure it has included losses at some point.

IMO, most, if not all businesses include losses in their tax returns, which affect how much they pay at the end of the year. Machinery breaking down, fluctuation of the cost of goods sold, etc.

Not voting for Trump, don't support Trump, just see him as the attention grabbing buffoon that he is.

It doesn't matter if Buffett reported an overall loss or not. The question is whether or not he offset gains with any amount of losses. Surely he did. He just may not have had more losses than gains as Trump did.

Buffet and anybody else with substantial income hire accountants and lawyers to reduce their tax liabilities including the Clintons. The difference is it is hard for people who have made their money giving speeches and handing out political favors to use legal loopholes.

hilldog doesn't lie...JSO told me so.

Do any of you look at tax returns for a living? I do. I have yet to see a self-employed person not write off everything they can. Then they turn around and come to me for a loan when on paper they have no income.

89Hen wrote:Do any of you look at tax returns for a living? I do. I have yet to see a self-employed person not write off everything they can. Then they turn around and come to me for a loan when on paper they have no income.

The wifey was self employed by one of those make-up places (Avon or something). We wrote off a shit ton of basic stuff (percentage of rent, utilities, etc) stuff during those years...all completely legal.

SDHornet wrote:

89Hen wrote:Do any of you look at tax returns for a living? I do. I have yet to see a self-employed person not write off everything they can. Then they turn around and come to me for a loan when on paper they have no income.

The wifey was self employed by one of those make-up places (Avon or something). We wrote off a shit ton of basic stuff (percentage of rent, utilities, etc) stuff during those years...all completely legal.

I've seen people write off stuff they have no business writing off. Happens a lot with immigrants who go to an accountant from their country. They trust them and often they either don't know what they're doing, or they take advantage of them. Took an application from a guy who wrote off mileage for his car. I was puzzled because of the job he had. I asked if he had to travel for work... no. Did he have a couple different offices where he worked... no. Did he have to go to client locations... no. He was basically writing off his commute. Reduced his taxable income almost in half and he didn't qualify for a mortgage. Actually felt bad for the guy because he trusted an idiot.

89Hen wrote:I have yet to see a self-employed person not write off everything they can.

This. One of the best 'investments' I made when starting my own businesses was hiring an accounting firm to do my taxes and watch over both my books (well, one book now since I sold one business). They've handled several issues for me both at the state and federal level and have been able to write-off a shit-ton of stuff for me.

I always appreciate the call around December 1st from them reminding me to pay off as many bills as I can and to buy as much biz related items as I can before January 1st

Also, I am always amazed at an extremely rich person saying yeah let's raise taxes. It's like well you already got yours so it isn't going to hurt you any.

I've been enjoying the "But Bush" style reaction to all things Trump...
Thank you for delivering again

bandl wrote:

89Hen wrote:I have yet to see a self-employed person not write off everything they can.

This. One of the best 'investments' I made when starting my own businesses was hiring an accounting firm to do my taxes and watch over both my books (well, one book now since I sold one business). They've handled several issues for me both at the state and federal level and have been able to write-off a shit-ton of stuff for me.

I always appreciate the call around December 1st from them reminding me to pay off as many bills as I can and to buy as much biz related items as I can before January 1st

So how exactly many lawnmowers do you have now?

Chizzang wrote:I've been enjoying the "But Bush" style reaction to all things Trump...
Thank you for delivering again

Wut

I thought Trump lying was this epiphany you had

Oh and it's "but Hillary"


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89Hen wrote:

SDHornet wrote: The wifey was self employed by one of those make-up places (Avon or something). We wrote off a shit ton of basic stuff (percentage of rent, utilities, etc) stuff during those years...all completely legal.

I've seen people write off stuff they have no business writing off. Happens a lot with immigrants who go to an accountant from their country. They trust them and often they either don't know what they're doing, or they take advantage of them. Took an application from a guy who wrote off mileage for his car. I was puzzled because of the job he had. I asked if he had to travel for work... no. Did he have a couple different offices where he worked... no. Did he have to go to client locations... no. He was basically writing off his commute. Reduced his taxable income almost in half and he didn't qualify for a mortgage. Actually felt bad for the guy because he trusted an idiot.

Yeah we didn't go that extreme, but we do our own (wifey is an accountant). I think we itemized almost $5k for her work one year.

CID1990 wrote:

Chizzang wrote:I've been enjoying the "But Bush" style reaction to all things Trump...
Thank you for delivering again

Wut

I thought Trump lying was this epiphany you had

Oh and it's "but Hillary"

You seem a little on edge about Trump these days...
The epiphany was not that he lies but there is absolutely NOTHING he won't lie about
even things that are easily verified - he still lies - knowing full well everybody will know he lied

That's pathological lying...

Frankly it's strange behavior and exceedingly dangerous

Ivytalk wrote:

bandl wrote: This. One of the best 'investments' I made when starting my own businesses was hiring an accounting firm to do my taxes and watch over both my books (well, one book now since I sold one business). They've handled several issues for me both at the state and federal level and have been able to write-off a shit-ton of stuff for me.

I always appreciate the call around December 1st from them reminding me to pay off as many bills as I can and to buy as much biz related items as I can before January 1st

So how exactly many lawnmowers do you have now?

For the lawn biz? Zero. It's always been zero.

The distillery will be buying about 20k bottles, about 100 oak barrels and some other items for end of the year. Distillery also might be buying two of my vehicles from the lawn biz. Drive up those end-of-year expenses, baby!!!!

bandl wrote:

Ivytalk wrote:
So how exactly many lawnmowers do you have now?

For the lawn biz? Zero. It's always been zero.

The distillery will be buying about 20k bottles, about 100 oak barrels and some other items for end of the year. Distillery also might be buying two of my vehicles from the lawn biz. Drive up those end-of-year expenses, baby!!!!

Great! I'll let John Koskinen know.

Chizzang wrote:

CID1990 wrote:
Wut

I thought Trump lying was this epiphany you had

Oh and it's "but Hillary"

You seem a little on edge about Trump these days...
The epiphany was not that he lies but there is absolutely NOTHING he won't lie about
even things that are easily verified - he still lies - knowing full well everybody will know he lied

That's pathological lying...

Frankly it's strange behavior and exceedingly dangerous

Believe me, if there is anyone NOT on edge over Trump its me

I just enjoy all the hypocritical pearl clutching over him. I hardly even point it out anymore

but you saying he lies about everything just struck me as funny in a <gasp> the pope is still catholic kind of way


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Chizzang wrote:

CID1990 wrote:
Wut

I thought Trump lying was this epiphany you had

Oh and it's "but Hillary"

You seem a little on edge about Trump these days...
The epiphany was not that he lies but there is absolutely NOTHING he won't lie about
even things that are easily verified - he still lies - knowing full well everybody will know he lied

That's pathological lying...

Frankly it's strange behavior and exceedingly dangerous

You know, three weeks before, everyone would agree this is how you should define Hillary. WTF happened??

andy7171 wrote:

Chizzang wrote:
You seem a little on edge about Trump these days...
The epiphany was not that he lies but there is absolutely NOTHING he won't lie about
even things that are easily verified - he still lies - knowing full well everybody will know he lied

That's pathological lying...

Frankly it's strange behavior and exceedingly dangerous

You know, three weeks before, everyone would agree this is how you should define Hillary. WTF happened??

But Bush...

Yeah I get it "BUT HILARY"

andy7171 wrote:

Chizzang wrote:
You seem a little on edge about Trump these days...
The epiphany was not that he lies but there is absolutely NOTHING he won't lie about
even things that are easily verified - he still lies - knowing full well everybody will know he lied

That's pathological lying...

Frankly it's strange behavior and exceedingly dangerous

You know, three weeks before, everyone would agree this is how you should define Hillary. WTF happened??

Trump talked in a locker room. Bill Clinton raped someone.