BREAKING: Benedict Donald's 2005 Tax Returns show him wanting to get rid of AMT benefits......HIM!!!

[uponit7771]

That's what should be highlighted tonight....


Hopefully we can continually get the word out since there's some official post AMT tax returns people can get their hands on.

[leftstreet]

1. How is that shocking?

(I don't mean that as snark)

Just don't get why it's newsworthy when a rich asshole does something like that

[BainsBane]

2. Because voters made that rich asshole president

and he's determined to trash the entire country for his own profit.

[uponit7771]

3. Because other rich assholes haven't hid their reasons for doing such like Benedict Donald

[leftstreet]

5. But info from his 2005 returns has been out there over a year

I'm just not getting it, but I didn't watch her program so I'm probably missing something

https://www.wsj.com/articles/donald-trump-got-a-big-break-on-2005-taxes-1458249902

Donald Trump Got a Big Break on 2005 Taxes
Conservation easement on a New Jersey golf club triggered deduction of $39.1 million

By Richard Rubin
March 17, 2016 5:25 p.m. ET
137 COMMENTS

Donald Trump was able to deduct $39.1 million from his 2005 federal income taxes by pledging not to build houses on a New Jersey golf course he owns, according to public records.

An appraisal conducted for the 2005 transaction determined that Trump National Golf Club in Bedminster, N.J. was worth $49.5 million if it could be split into 33 estates, but just $10.4 million as a golf course. Tax law lets property owners impose permanent conservation restrictions and then claim charitable deductions for the reduction in value. Those restrictions curb what future owners may do with a property.

In 2005, according to the Internal Revenue Service, 2,186 taxpayers claimed so-called conservation easements for a total of $1.8 billion. That means Mr. Trump’s $39.1 million would have represented about 2% of all such deductions nationwide that year.

Mr. Trump, now the front-runner for the Republican presidential nomination, subsequently built a second golf course on the property, which once belonged to automobile executive John DeLorean. He said last year in his federal financial disclosure that the property was worth more than $50 million.

[uponit7771]

7. Info, not the actual return itself were we people can report on from an official ... or near officia

... source

[FrenchieCat]

4. Can you clarify? AMT...

[uponit7771]

6. Alternative Minimum Tax

[The Velveteen Ocelot]

11. The AMT is a special tax paid by some high-income taxpayers

to prevent them from using certain loopholes. Without the AMT Trump would have had to pay only 4% in federal tax.

[The Velveteen Ocelot]

8. That's one inference I drew from this -

Johnson pointed out that Trump paid $32m in alternate minimum tax but would have paid only 4% had it not been for the AMT. One question that was raised was whether Trump will try to affect tax policy to benefit himself. Getting the AMT repealed would certainly be to his benefit. I think the point of the show was to stress the importance of a full release of Trump's recent returns, and to keep raising questions about why he won't do it.

[uponit7771]

12. yeap, DKJ pointing this out at least has someone on that track with the AMT

[KittyWampus]

9. It also makes it clear he needs to release his full taxes for the last 15 years.

[uponit7771]

13. Yeap, that bullshit ass'd excuse of "no one cares" now can be challeged

[Ohioblue22]

10. who is going to care about this? not his supporters and

all branches of the government are his supporters so.....

[uponit7771]

15. +1, he can't use the "no one cares" bullshit excuse now and there's a quid-pro-quo financially whith

... his tax policiy

[Ohioblue22]

17. he doesnt need to he's unxer no obligation to release them

and he's protected by all 3 branches. so is this just fitzmas again

[KittyWampus]

14. notice how many low count posters, newbies and people who haven't posted in 10 years

are suddenly here to pile on.

[uponit7771]

16. +1, yes... at least they can't TO us now without some serious review