Hillary camp nails it on Trump's leaked tax returns

[bigtree]

Brian Fallon ‏@brianefallon 10h10 hours ago
Campaign manager Robby Mook's reaction to tonight's New York Times story on Trump's tax returns:

[spanone]

1. K&R...

[BootinUp]

2. Good statement. K & R

[Bernardo de La Paz]

3. The yuge loss broke the tax prep software & it had to be manually typed; it was that stupefying. .nt

[Gothmog]

4. Great statement by the HRC campaign

[Augiedog]

5. Da Don cons Yuuuuuuggggeeee brain at work.

[lillypaddle]

6. K&R nt

[Rose Siding]

7. I'm so old I remember when repubs berated the 47%

But those were The Poors, so different, I guess?

[-Steph-]

8. He hit the nail right on the head with his statement.

[Mc Mike]

9. The campaign event chant that might sum this up is

Tax Returns, Coward. Tax Returns, Coward.

Or substitute Loser for Coward.

[SunSeeker]

10. It should be "jig" not "gig" but otherwise good statement. nt

[oberliner]

12. You beat me to it!

Funny how the small things stick out.

[oberliner]

11. Isn't it supposed to be "the jig is up" ?

I always thought that was the expression (as opposed to "the gig is up&quot

[SunSeeker]

13. Yes. The phrase "jig is up" goes back to Elizabethan times.

It means the trick/deceit has been revealed, the deceitful "dance" is done.

[paleotn]

18. Forget it. He's rolling. eom

[tclambert]

36. Yep, as in the music's over, you might as well stop dancing.

Doesn't matter how you keep dancing, Donald, you can't distract us from the truth.

[Malbrownluna8708]

14. What I would love to ask Trump supporters.

Is would you invest your retirement or any money you have saved in Trump businesses.

[world wide wally]

25. Keep it on their terms:

Would you buy a used car from Trump?

[Akamai]

32. Great question! And would one at your children's money? Your park's money

etc., in any venture of this marvelous liar?

[INdemo]

15. Ok ..so now we see Trumps '95 taxes.

but didn't he have a couple bankruptcies between 1995 and now (2016)

Other billionaires of our country have all paid their fair taxes so how does Trump get away with saying "its smart"
to not pay taxes.
George Soros
Mark Cuban
Warren Buffet
Michael Bloomberg
and there are many more but these billionaires have all paid their fair share of taxes.
So why hasn't Donald Trump paid taxes?

I dont believe it takes a rocket scientist to understand the fact that in all probability Donald Trump is not the "Billionaire" he claims to be.

[smirkymonkey]

16. Not so smart now, are you?

You cheeto faced shitgibbon.

[NastyRiffraff]

17. You EITHER lose close to a billion dollars in a year

OR you are a good businessman. Both things cannot be true.

[dixiegrrrrl]

22. Logically, both things CAN be true.

Depending on one's definition of "good" businessman.

Example: I rented out my house when I moved away. As the real estate market dropped, so did the house value. I sold it at a loss.
but I was working at a good paying job, so the house sale "loss" offset my higher income taxes for that year. Even tho I had very little equity in the house.
It was legal and good for me.

In Trump's mind, getting to wipe out taxes is good too. He just goes about it in an unethical way.
Under bankruptcy law, corporations and the rich can cancel debts, then reform the same company with a clean slate.
We have been watching them do that for years now.

sadly, one of the victims in this ploy is that they grab all the pension fund money before they declare a company bankrupt.

[Equinox Moon]

19. Maybe more will be leaked

He may as well throw in the towel.

[napkinz]

20. BOMBSHELL!

[Grammy23]

21. Well, the irony here is that tRump claims this demonstrates how SMART he is. Wrong!

It demonstrates that he has a lot of professional accountants with the latest tax software who find every single way for him to avoid paying taxes. He had nothing to do with it except maybe putting his signature on the bottom line. Oh, and running his businesses into the side of a mountain. If this demonstrates his smarts and business acumen, god help us all.

[bigtree]

23. Genuinely impressive

Matthew Yglesias ‏@mattyglesias 1h1 hour ago

Genuinely impressive that Trump was able to take a measly $14 million of dad's cash and parlay it into a billion dollar loss.

[napi21]

26. ABSOLUTELY RIGHT! It's his hired accountants who are smart!! NOT HIM! n/t

[Nitram]

24. He's a loooooozah!

[Skittles]

27. would love to know who mailed that to NYT

any theories?

[mnhtnbb]

29. There are some people here suspecting Trump himself or someone from the campaign

with his approval. http://www.democraticunderground.com/10028202535

That doesn't make any sense to me. I'd be more inclined to think it was Marla (whose name is on the joint return) or Tiffany.
Or even Melania or someone who currently works for them personally and would have access to old tax returns. Heck, it could
even be Baron. He's old enough to go rooting through old files and could know his mom probably isn't thrilled with the whole
concept of being First Lady and moving to the White House. And the shrinks could go wild with the Oedipal dynamics
of Baron using the tax returns to take down his old man.

So, my money is on family--current or previous--not Trump himself.

[Skittles]

30. I think it is someone who works for him

and despises his sorry ass

[Dawson Leery]

28. kick

[Elmergantry]

31. Hopefully I can be forgiven

For being rational and objective. And maybe because I have a little sideline business...But

so a businessman makes a filing that allows him to take a deduction on a loss. Perfectly legal, what a businessman of any worth should do...In fact if he didn't, that would IMHO show financial incompetence making one less worthy of running the country. And we don't even know yet if he actually TOOK the deduction on his subsequent filings. If he didn't and proves it by releasing subsequent filings, that would make our side and his side look like idiots in their own special way....What a crazy election...

[bucolic_frolic]

34. The accountants signed off on it

and a good accountant is one who stretches the law to suit the client, then
allows the tax authorities to sort it out or rule. The most egregious cases
wind up in tax court ... and the accountant is delighted, there are more
consulting fees for prep and court time.

So it's not like filing a 1040A when you do taxes for large clients

It's complicated, and you know you are paid to push the law and please
the client

Look at the major accounting firms that have failed because they signed off
on Worldcom or Enron

You are being very naive if you think it's all rational and objective

and the right wing talking points are not appreciated by me

[Elmergantry]

35. i would assume

Its all legal until proven otherwise. Innocent until proven guilty and all that. And there are no charges he did anything illegal to start with so i dont know why you are claiming he did something nefarious. Seems to me he is only guilty of having smart tax accountants thus far. How that disqualifies him from being president is lost on me. I. Think there are more legitamate reasons such as his inability to pick his fights; temperment. But i guess that is not working given the mood of the electorate that is fed up with the status quo and would vote for anyone who is perceived to be an outsider. I think sanders fit that bill but i guess we are not to delve into that here. Oh well i guess its "hillarys turn" and we have to go with it like the repubs who had to go with dole because it was" his turn". Lets hope the results are different.

[bucolic_frolic]

37. I would disagree

innocent until proven guilty, at least in the legal sense. It's all under
review at any time, and the IRS and even states can challenge an
accounting point, which is when it can all wind up in court. Accountants
can be guns for hire in some respects, they can make the numbers do
anything you like if paid enough, and sometimes the revenue authorities
won't challenge, it's not worth their time, too little money, or they are
not aware. Are those accountants smart? Diligent, but only smart if they
don't get caught doing something the IRS doesn't like.

Escaping all taxes, and being proud of it when so wealthy, is probably frowned
upon by most Americans. Presidents should be civic-minded, and aware
of the body politic from the poor to the wealthy. When they are charitable, it
should be with their own money, and not someone else's that they solicit, and
not use that charity money to pay for services from their own companies
that pay no taxes.

So yes, I would say this is a very disconcerning aspect, not
being a financial contributor to the social compact, or only in as much as to
create jobs for working class Americans, exploit them for the profits they create,
and escape all financial liability for that largesse. But hey, you can blame Congress,
they accept the lobbyist money, they write the laws to give tax writeoffs which
encourages economic growth. And they are lobbied by the tax accountants and lawyers too.
It is never as simple as it first appears.

[bucolic_frolic]

38. Donald has tweeted about taxes

https://thinkprogress.org/7-tweets-by-trump-about-taxes-that-are-very-awkward-now-75b500ea4f45#.5vi7zowp1

[Elmergantry]

39. yep human nature

Being what it is, your usually not inclined to fork over your wealth if you dont have to. Thats why communism failed: from my ability to someones elses need? Pound sand! So i cant fault anyone for using the law. Change the law.

[LanternWaste]

40. But not for being self-serving and self-validating

"Hopefully I can be forgiven for being rational and objective...."

But not for being self-serving and self-validating at the expense of anyone who disagrees with you or your unsupported premise...