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[Ether_Snake]

I think this will have good staying power. It hurts Trump's narrative about himself, is a simple story, and it has a moral component as well. Moreover, Trump is going to keep this story alive by constantly calling it a lie and repeating how successful he is.

Those other business stories likely had some trouble because they are rather complicated to talk about and you lacked that moral component, but for this all you need to show his tax returns, say this happened as a result of his failed Casinos, and likely hasnt paid taxes since.

Well my understanding of the situation would make it easy to defend. I would say "When you're a businessman, it works like investing in stocks; you don't look at how much you made or lost with a single investment, you look at your total return for all your investments. You lose some, you win some, but all in all you're winning more than you're losing. Nobody becomes a successful businessman by getting only positive returns on every investments unless they're crooks."

But he won't say it this way. Not sure it will have a big impact though, because I think Trump supporters already accept any of Trump's negatives. It would take something morally shocking, on a human level, for him to really lose supporters.

 

[Aselith]

I can't vote for Hillary now. It's "the jig is up" YOU DUN GOOFED WICKED KILLARY

 

[joebruin]

get ready for the spin...just like with the birther stuff.

we should all be thanking trump. without him doing this we wouldn't have known about this loophole. only trump can fix it.

 

[kevin1025]

Perfect statement.

 

[HTupolev]

I can't vote for Hillary now. It's "the jig is up" YOU DUN GOOFED WICKED KILLARY

"The gig is up" is pretty valid here.

 

[DeviantBoi]

I hope Trump not only loses but also goes to jail.

 

[Barzul]

Fucking beautiful statement. Man Cooper and Lemon gonna hammer this shit in, can't wait! You know this is definitely coming up in the debates too which he is apparently not preparing for again.

 

[OpinionatedCyborg]

It's OK, folks. Now I'm going to be greedy for the United States. I'm going to take and take and take.

https://www.youtube.com/watch?v=xnYMqUDi8M0

https://www.youtube.com/watch?v=WnhelsISKPY

 

[BigDes]

I hope Trump not only loses but also goes to jail.

At this point there is so much legal fuckery going on with Trump that aside from rampant corruption the only way reason I can see for him not having being arrested is well this

Where each germ is a different law enforcement agency

 

[LiK]

rekt

 

[GuitarAtomik]

plz someone tell me why the hell are we so focused on everything thats happened in the 90's? I don't care about Clinton's sex scandals and all the dumb crap Trump did in the 90s. What about Now? talk about policy knock it off with all this dumb crap. Seriously think i'm going to go vote 3rd party.

When one of the major reasons you say you should be President is because you're an amazing businessman, I think a practically $1 billion dollar loss is pretty damn relevant.

 

[DrForester]

Sad!

If he weren't so disgusting I might have a little bit of admiration for his ability to say things like this with a straight face

 

[TheLaughingStock]

lol @ people saying "eh, what's the big deal?"

can you imagine if it came out that clinton hadn't paid taxes in 20 years?

http://www.politifact.com/truth-o-m...-hillary-clinton-tax-claim-ignores-years-whe/

Also, wasn't this debate already settled with the Mitt Romney 47% comments? Virtually all Americans pay some taxes regardless of people who only want to look at what's going on at the federal level.

Hillary's comments about supporting x, y, and z doesn't make sense either. The US is estimated to run a $590 billion deficit in 2016 according to the CBO, has ran a net deficit over nearly 230 years, and has 19.5 trillion + treasuries outstanding. She's 100% wrong that if you don't pay a certain tax you're not supporting things in America.

 

[User 463088]

http://www.politifact.com/truth-o-m...-hillary-clinton-tax-claim-ignores-years-whe/

Also, wasn't this debate already settled with the Mitt Romney 47% comments? Virtually all Americans pay some taxes regardless of people who only want to look at what's going on at the federal level.

Hillary's comments about supporting x, y, and z doesn't make sense either. The US is estimated to run a $590 billion deficit in 2016 according to the CBO, has ran a net deficit over nearly 230 years, and has 19.5 trillion + treasuries outstanding. She's 100% wrong that if you don't pay a certain tax you're not supporting things in America.

I hope you got Mr. Trump to pay you in advance. I've heard he likes to run out on his debts.

That's why I get my Correct the Record money emailed to me. I know I can trust Hillary with my email.

 

[DrForester]

I saw the quoted version of this on this page, and thought the .gif was part of the press release. Now I'm a bit let down by Team Clinton for it not being there...

 

[mercenar1e]

Well, now we know. America my country, I am so proud of you. A wealthy man like trump doesn't have to pay taxes for 18 years while people that are starving do. Smells like freedom.

that's just trump... imagine how many other rich people are doing the same thing.

 

[sprsk]

How the fuck do you lose that much money in a year? How??

 

[Jims]

Okay, I don't even get why that would even be in our tax code. It makes no sense! He literally went in the red for an entire year, his taxable income is zero! It's not a negative number that can be applied as a weird tax credit thing that can be applied over to future years. Your next year's personal income is determined by how much you make in that particular year! The previous year is over! The losses have been disclosed!

A company wouldn't cut up a net loss they had in one year and put it into tiny chunks over the next 20 years. They would say, we lost a billion dollars this year, the next year, we made 500 million. Investors get paid, taxes get filed.
(Or maybe it isn't taxed that way with corporations. I wouldn't be shocked now.)

Here it is, these are the mysterious loopholes we always hear about. Unless there's some weird financial and/or theoretical angle that I'm not considering, why it makes sense to do negative income like that, they need to close this.

 

[Parshias7]

How the fuck do you lose that much money in a year? How??

Donald Trump is not a clever man.

 

[Aselith]

Hillary's comments about supporting x, y, and z doesn't make sense either. The US is estimated to run a $590 billion deficit in 2016 according to the CBO, has ran a net deficit over nearly 230 years, and has 19.5 trillion + treasuries outstanding. She's 100% wrong that if you don't pay a certain tax you're not supporting things in America.

I don't understand your conclusion? Could you explain it to me like i'm Donald Trump?

 

[wumster3000]

Donald Trump is not a clever man.

.

 

[Piecake]

Well my understanding of the situation would make it easy to defend. I would say "When you're a businessman, it works like investing in stocks; you don't look at how much you made or lost with a single investment, you look at your total return for all your investments. You lose some, you win some, but all in all you're winning more than you're losing. Nobody becomes a successful businessman by getting only positive returns on every investments unless they're crooks."

But he won't say it this way. Not sure it will have a big impact though, because I think Trump supporters already accept any of Trump's negatives. It would take something morally shocking, on a human level, for him to really lose supporters.

THat doesn't resolve the moral component. Moreover, the easy counter to that argument is to tell the person to prove it and release his taxes.

He won't do it which will just further doubts.

 

[minor effort]

This will do nothing to Trump. The only way his supporters are leaving him is if he kills a white supremacist blonde hair blue eyed girl who wears pro police/military/reagan/Jesus attire on national TV.

Even then it's iffy at best.

It won't matter to his insane base, no.

But will it matter to undecided voters? It absolutely could.

 

[sprsk]

The taxes aren't even really the issue here.

How would anyone trust a man that lost a whole billion dollars in a year to run the country? It's like giving your drunk uncle the keys to your car, you know he's just gonna run that shit into a ditch and leave it there overnight.

 

[sonicmj1]

So is this 910 million dollar loss necessarily all from one year? Or does negative income get carried over from year to year (which is why it can cancel out future earnings)?

 

[KarmaCow]

I'm really curious how Trump will try to spin this during the next debate considering the dumbshit he said in the last one.

 

[Stinkles]

http://www.politifact.com/truth-o-m...-hillary-clinton-tax-claim-ignores-years-whe/

Also, wasn't this debate already settled with the Mitt Romney 47% comments? Virtually all Americans pay some taxes regardless of people who only want to look at what's going on at the federal level.

Hillary's comments about supporting x, y, and z doesn't make sense either. The US is estimated to run a $590 billion deficit in 2016 according to the CBO, has ran a net deficit over nearly 230 years, and has 19.5 trillion + treasuries outstanding. She's 100% wrong that if you don't pay a certain tax you're not supporting things in America.

Did you lose a bet with a mod?

 

[HTupolev]

Okay, I don't even get why that would even be in our tax code. It makes no sense! He literally went in the red for an entire year, his taxable income is zero! It's not a negative number that can be applied as a weird tax credit thing that can be applied over to future years. Your next year's personal income is determined by how much you make in that particular year! The previous year is over! The losses have been disclosed!

A company wouldn't cut up a net loss they had in one year and put it into tiny chunks over the next 20 years. They would say, we lost a billion dollars this year, the next year, we made 500 million. Investors get paid, taxes get filed.
(Or maybe it isn't taxed that way with corporations. I wouldn't be shocked now.)

Here it is, these are the mysterious loopholes we always hear about. Unless there's some weird financial and/or theoretical angle that I'm not considering, why it makes sense to do negative income like that, they need to close this.

This isn't a mysterious loophole, it's ordinary tax behavior. Every year, you're allowed to offset up to $3000 of "normal income" and infinitely-much capital gains with capital losses. If you don't go through your capital losses one year, you can carry them to the offset gains in the next. In the event that your "income" is mostly formulated as capital gains, this means that after suffering a ridiculously huge loss, you can be free of income taxes for multiple subsequent years.

The story here isn't that Trump is doing anything weird with tax laws. It's that he's a loser who catastrophically mismanaged his businesses.

 

[ColdDeckEd]

Which circles back to a possibility I raised: this is going to be used a leverage to get him to release his other tax returns. The possibility he had avoided taxes for almost two decades is something they'll want to keep in the public mind, and he's either going to keep refusing or eventually release them.

...I'm a little pessimistic, so I think there's always a chance that his recent tax returns aren't out of the ordinary (we raised a hoopla over Romeny's which didn't pan out to much), but even if that happens, they've still got the "temperament" angle to go with.

There's always a possibility this is some kind of elaborate set up, but theres way more smoke here than Romney's case.

 

[Stinkles]

This isn't a mysterious loophole, it's ordinary tax behavior. Every year, you're allowed to offset up to $3000 of "normal income" and infinitely-much capital gains with capital losses. If you don't go through your capital losses one year, you can carry them to the offset gains in the next. In the event that your income is mostly formed as capital gains, this means that after suffering a ridiculously huge loss, you can be free of income taxes for multiple subsequent years.

The story here isn't that Trump is doing anything weird with tax laws. It's that he's a loser who catastrophically mismanaged his businesses.

This

 

[Goldenroad]

I don't understand your conclusion? Could you explain it to me like i'm Donald Trump?

He would have to call you since I dont believe Trump has the mental faculties to read.

The problem is that Trump supporters think he IS smart for not paying taxes because they don't want to pay taxes, (read: contribute) either. You don't get to complain about your countries infrastructure if you don't contribute to it monetarily.

 

[Tingle]

There's always a possibility this is some kind of elaborate set up, but theres way more smoke here than Romney's case.

Trump's campaign said it was "illegally obtained", which would indicate that its the real deal. It can't really be a set up.

 

[DrForester]

 

[PhoncipleBone]

SNAP!

 

[PKrockin]

Daniel Dale Verified account @ddale8
What a detail.

6:47 PM - 1 Oct 2016

 

[Piecake]

Damn, that is a good burn

 

[Stinkles]

Daniel Dale Verified account @ddale8
What a detail.

6:47 PM - 1 Oct 2016

Too Big to File.

 

[_woLf]

Lock this stupid fuck up for the rest of his life.

Fuck Trump.

 

[PhoncipleBone]

And if some later returns show Trump's dealing with Russia, will his supporters go all Eddie Valentine from Rocketeer on him?

 

[DrForester]

So was this his full 1995 Returns? I am very curious if they show his charitable donations for the year, and what they were.

 

[Jims]

This isn't a mysterious loophole, it's ordinary tax behavior. Every year, you're allowed to offset up to $3000 of "normal income" and infinitely-much capital gains with capital losses. If you don't go through your capital losses one year, you can carry them to the offset gains in the next. In the event that your "income" is mostly formulated as capital gains, this means that after suffering a ridiculously huge loss, you can be free of income taxes for multiple subsequent years.

The story here isn't that Trump is doing anything weird with tax laws. It's that he's a loser who catastrophically mismanaged his businesses.

Interesting. Thanks for the tax clarification. I'm pretty uninformed about the nitty gritty of IRS tax law.

Doesn't this setup just inherently favor those who have already made it, versus those who are climbing their way up? Like, if you start with nothing and have capital gains of 500 million, you get taxed on that 500 million. But if you start with 1.5 billion and go down to 500 million, the climb back up this time is offset? Now that I'm thinking about it more, I'm guessing the internal logic behind it is to protect against wildly fluctuating real estate prices and repeatedly paying capital gains over and over again on the same assets. It just struck me as odd if there's no cap and it goes to infinity.

But yeah, the obvious story here is Trump's catastrophic failure here. I just found the "how does this happen?" angle of it kind of weird.

 

[Suikoguy]

That Clinton Campaign statement could not be anymore perfect.

 

[spiderman123]

Don't see the big deal to be honest. Carried foward losses aren't unique.

 

[Lord Frieza]

So was this his full 1995 Returns? I am very curious if they show his charitable donations for the year, and what they were.

I think it was said earlier that this didn't include his charity stuff.

 

[joebruin]

Don't see the big deal to be honest. Carried foward losses aren't unique.

missing the point

 

[Toxi]

Don't see the big deal to be honest. Carried foward losses aren't unique.

Losing a billion dollars in a year is pretty unique.

 

[Stinkles]

So was this his full 1995 Returns? I am very curious if they show his charitable donations for the year, and what they were.

Btw this is GAF and thirty percent of people will think significantly charity giving in 95 with this return is a GOOD thing.

 

[googleplex]

LOL!

 

[PKrockin]

Too Big to File.

He lost so much money his tax program couldn't even process it. Perfection.

 

[wumster3000]

Don't see the big deal to be honest. Carried foward losses aren't unique.

You are completely missing the point. Read Hillary's comment on the matter.