Current Events > My redhat friend legit praises Trump for dodging taxes

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ZombiePelican
02/14/18 12:18:15 PM
#1:


He was like " Trump was right for saying dodging taxes makes him smart, he owes literally nothing to the government and shouldn't have to pay a dime"

WTF is with this backwards ass thinking ?
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Preevyet
02/14/18 12:19:00 PM
#2:


Fair is fair. If theres a loophole you should take advantage.
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Tmaster148
02/14/18 12:20:11 PM
#3:


I don't see why you are surprised at this. The right for whatever reason has decided they hate taxes.
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#4
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Anteaterking
02/14/18 12:22:00 PM
#5:


Someone uses loopholes to avoid paying as many taxes, reducing the amount of government money= Good

Someone uses "loopholes" to get SNAP while using their income to buy unnecessary items, reducing the amount of government money = Bad
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Kitt
02/14/18 12:22:38 PM
#6:


Does he praises you for not closing your account?
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Makeveli_lives
02/14/18 12:22:54 PM
#7:


I'm apparently the most liberal of all my friends and even I can see the logic in claiming as many deductions as possible. It's tax return season fam, you telling me you didn't try to get yourself a larger check?
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Deadpool_18
02/14/18 12:24:15 PM
#8:


Preevyet posted...
Fair is fair. If theres a loophole you should take advantage.


No. You shouldnt.
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Anteaterking
02/14/18 12:24:42 PM
#9:


Makeveli_lives posted...
I'm apparently the most liberal of all my friends and even I can see the logic in claiming as many deductions as possible. It's tax return season fam, you telling me you didn't try to get yourself a larger check?


What deductions did you take advantage of that you consider to be "loopholes"?
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#10
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Makeveli_lives
02/14/18 12:28:09 PM
#11:


Asherlee10 posted...

Not paying taxes != getting a refund

I'm aware, but the idea is the same. Everyone does whats best for themselves financially whether it be to minimize cost or maximize returns, how is Trump getting ripped apart for doing exactly what most would in his position? Banks, businesses and corporations all take advantage when they can. Be outraged at all of it not just trump.
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#12
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DifferentialEquation
02/14/18 12:30:53 PM
#13:


People should do everything they legally can to pay as little taxes as possible. Liberals praised people for dodging the draft. But heaven forbid someone doesn't want to donate extra money to the government.
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#14
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whitelytning
02/14/18 12:32:31 PM
#15:


Most of the typical corporate tax structuring that comes up in discussions like this aren't "loopholes." It essentially just decision making. A law firm presents the client with an option:
Option A: Set up a corp. in the U.S. and pay x.
Option B: Set up a corp. in Ireland and pay <x.

Obviously each option is more complicated than that but 99% of the time it doesn't involve a loophole or any kind of hidden unknown practice. When these companies are public they literally have a legal duty to the shareholders to maximize profits so the decision becomes even easier. The issue with Trump is that he acts like a 14 year old boy when discussing things like this.
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Mal_Fet
02/14/18 12:34:48 PM
#16:


Asherlee10 posted...
I think the take away is not that IF there is a loophole, you should take it. But he is our president. This seems to be more about class, appearance, and love of the country.

When you file your taxes in April, will you opt out of all your available deductions because you love the country so much?
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#17
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LordRazziel
02/14/18 12:40:49 PM
#18:


Anteaterking posted...
Someone uses loopholes to avoid paying as many taxes, reducing the amount of government money= Good

Someone uses "loopholes" to get SNAP while using their income to buy unnecessary items, reducing the amount of government money = Bad

Came to say this.
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DifferentialEquation
02/14/18 12:41:12 PM
#19:


If the average person finds a way to keep a few hundred or few thousand extra dollars for themselves and out of the hands of the government they should get props. Similarly, if a rich person finds a way to keep millions for themselves and out of the hands of the government they should also get props. Both people are doing their part and have done a good deed as far as I'm concerned.
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LordRazziel
02/14/18 12:42:13 PM
#20:


Mal_Fet posted...
Asherlee10 posted...
I think the take away is not that IF there is a loophole, you should take it. But he is our president. This seems to be more about class, appearance, and love of the country.

When you file your taxes in April, will you opt out of all your available deductions because you love the country so much?

Deductions are meant to be used.
Loopholes are exploiting laws and regulations.
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mustang90
02/14/18 12:42:24 PM
#21:


If I posted what I think should be done with redhats Id be moderated to oblivion.
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refmon
02/14/18 12:43:41 PM
#22:


Preevyet posted...
If theres a loophole you should take advantage.

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Anteaterking
02/14/18 12:45:57 PM
#23:


whitelytning posted...
When these companies are public they literally have a legal duty to the shareholders to maximize profits so the decision becomes even easier.


This claim has been overblown by some. See the Hobby Lobby case:

http://caselaw.findlaw.com/us-supreme-court/13-354.html

" Some lower court judges have suggested that RFRA does not protect for-profit corporations because the purpose of such corporations is simply to make money.23 This argument flies in the face of modern corporate law. "Each American jurisdiction today either expressly or by implication authorizes corporations to be formed under its general corporation act for any lawful purpose or business." 1 J. Cox & T. Hazen, Treatise of the Law of Corporations 4:1, p. 224 (3d ed. 2010) (emphasis added); see 1A W. Fletcher, Cyclopedia of the Law of Corporations 102 (rev. ed. 2010). While it is certainly true that a central objective of for-profit corporations is to make money, modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so. For-profit corporations, with ownership approval, support a wide variety of charitable causes, and it is not at all uncommon for such corporations to further humanitarian and other altruistic objectives. Many examples come readily to mind. So long as its owners agree, a for-profit corporation may take costly pollution-control and energy-conservation measures that go beyond what the law requires. A for-profit corporation that operates facilities in other countries may exceed the requirements of local law regarding working conditions and benefits. If for-profit corporations may pursue such worthy objectives, there is no apparent reason why they may not further religious objectives as well."
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Zodd3224
02/14/18 12:46:47 PM
#24:


The Art of the Deal.

We elected a sleezy conman, you get what you pay for.
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Raikuro
02/14/18 12:49:52 PM
#25:


If you discover a loophole it's your obligation as an American citizen to report it to the IRS.
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DifferentialEquation
02/14/18 12:54:39 PM
#26:


So, to summarize the left: Our government is corrupt, roughly half of the people in our government (the Republicans) are evil and our government disenfranchises every single group aside from white males. Also, you should give the government more of your money when you're not obligated to and only the government should have guns. And we should try to expand our government.
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DoctorVader
02/14/18 12:57:07 PM
#27:


Falling in the highest bracket for 2017, seriously, fuck taxes. Minimize the fuck out of them in any legal way you can.
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LordRazziel
02/14/18 12:58:40 PM
#28:


DifferentialEquation posted...
So, to summarize the left: Our government is corrupt, roughly half of the people in our government (the Republicans) are evil and our government disenfranchises every single group aside from white males. Also, you should give the government more of your money when you're not obligated to and only the government should have guns. And we should try to expand our government.

You can't summarise the right or the left like that.
You could, if they were both completely unified and all wanted the exact same thing, but that is far from the case.
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darkjedilink
02/14/18 12:58:53 PM
#29:


Asherlee10 posted...
Preevyet posted...
Fair is fair. If theres a loophole you should take advantage.

I think the take away is not that IF there is a loophole, you should take it. But he is our president. This seems to be more about class, appearance, and love of the country.

He would get a lot more praise if he said something like, "My accountants found a million dollar loophole in taxes that is harming government funding. I am in a unique position to find these loopholes and we should solve them."

If you're against loopholes, support a flat tax with child deductions.

But you don't.
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whitelytning
02/14/18 1:06:43 PM
#30:


Anteaterking posted...
whitelytning posted...
When these companies are public they literally have a legal duty to the shareholders to maximize profits so the decision becomes even easier.


This claim has been overblown by some.


I don't disagree and there are obviuosly a lot of things corporations do at that sacrafice of profits. My point really was limited to tax and the idea that companies shouldn't willingly give the gov't money they don't owe.

Obviously a court wouldn't find fault if a company wasn't employing the most cutting edge tax structuring techniques but I think shareholders would have a problem if the opposite were true.
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#31
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Makeveli_lives
02/14/18 1:17:10 PM
#32:


Asherlee10 posted...

What's wrong with a flat tax?

With the cost of living being what it is, a flat tax will punish those in poverty.
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ZombiePelican
02/14/18 2:01:11 PM
#33:


Asherlee10 posted...
darkjedilink posted...
Asherlee10 posted...
Preevyet posted...
Fair is fair. If theres a loophole you should take advantage.

I think the take away is not that IF there is a loophole, you should take it. But he is our president. This seems to be more about class, appearance, and love of the country.

He would get a lot more praise if he said something like, "My accountants found a million dollar loophole in taxes that is harming government funding. I am in a unique position to find these loopholes and we should solve them."

If you're against loopholes, support a flat tax with child deductions.

But you don't.


What's wrong with a flat tax? I would need to know more about it to take a position.

Also, don't try to assume what I support and don't support.

Because the same percentage across the board only affects those with much less.

30% to a ground floor worker and to a CEO have different levels of impact to them. The ground floor worker will feel 30 percent more than any CEO
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ImTheMacheteGuy
02/14/18 2:03:11 PM
#34:


ZombiePelican posted...
He was like " Trump was right for saying dodging taxes makes him smart, he owes literally nothing to the government and shouldn't have to pay a dime"

WTF is with this backwards ass thinking ?


Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?
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Raikuro
02/14/18 2:24:07 PM
#35:


ImTheMacheteGuy posted...
ZombiePelican posted...
He was like " Trump was right for saying dodging taxes makes him smart, he owes literally nothing to the government and shouldn't have to pay a dime"

WTF is with this backwards ass thinking ?


Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?

Or using chain migration "loopholes" to legally get in the country with legal relatives.
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Mal_Fet
02/14/18 2:26:13 PM
#36:


Asherlee10 posted...
Loopholes to avoid paying taxes doesn't seem to be the same thing as looking for deductions.

The issue, as I see it, is that most us pay taxes and take the deductions that are widely known and appear to be fair in regards to taxes generated. What I mean by that is, evacuating because of a natural disaster seems like a reasonable deduction.

Corporate tax loopholes seem to end up causing a significant problem for taxes generated.

The "loophole" that Trump used to avoid taxes wasn't an accident of the tax code, he was using it precisely in the way that was inteded; by Bill Clinton who endorsed the tax code at the time, fyi. It's no less valid than a deduction is.
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Mal_Fet
02/14/18 2:27:23 PM
#37:


ImTheMacheteGuy posted...
Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?

Following the tax code isn't against the law.

Immigrating illegally is against the law.
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A_Good_Boy
02/14/18 2:28:31 PM
#38:


Raikuro posted...
ImTheMacheteGuy posted...
ZombiePelican posted...
He was like " Trump was right for saying dodging taxes makes him smart, he owes literally nothing to the government and shouldn't have to pay a dime"

WTF is with this backwards ass thinking ?


Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?

Or using chain migration "loopholes" to legally get in the country with legal relatives.

That's different cause idk.
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darkjedilink
02/14/18 2:29:02 PM
#39:


ZombiePelican posted...
Asherlee10 posted...
darkjedilink posted...
Asherlee10 posted...
Preevyet posted...
Fair is fair. If theres a loophole you should take advantage.

I think the take away is not that IF there is a loophole, you should take it. But he is our president. This seems to be more about class, appearance, and love of the country.

He would get a lot more praise if he said something like, "My accountants found a million dollar loophole in taxes that is harming government funding. I am in a unique position to find these loopholes and we should solve them."

If you're against loopholes, support a flat tax with child deductions.

But you don't.

What's wrong with a flat tax? I would need to know more about it to take a position.

Also, don't try to assume what I support and don't support.

Because the same percentage across the board only affects those with much less.

30% to a ground floor worker and to a CEO have different levels of impact to them. The ground floor worker will feel 30 percent more than any CEO

Then make it 10 percent.
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GATTJT
02/14/18 2:31:49 PM
#40:


Trump dodges taxes. TC dodged his account bet.
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ImTheMacheteGuy
02/14/18 2:36:15 PM
#41:


DifferentialEquation posted...
evil


hahahahahahahhah lmfao
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LordRazziel
02/14/18 2:37:54 PM
#42:


Mal_Fet posted...
ImTheMacheteGuy posted...
Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?

Following the tax code isn't against the law.

Immigrating illegally is against the law.

Haven't you said anchor babies should be deported?
Did Trump only use a single loophole?
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ZombiePelican
02/14/18 2:42:03 PM
#43:


Mal_Fet posted...
ImTheMacheteGuy posted...
Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?

Following the tax code isn't against the law.

Immigrating illegally is against the law.

Good thing they lobbied to have tax laws written in their favor
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Mal_Fet
02/14/18 3:47:18 PM
#44:


LordRazziel posted...
Haven't you said anchor babies should be deported?

Nope. I've said that jus soli citizenship is dumb, but I wouldn't advocate revoking citizenship from people.
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Mal_Fet
02/14/18 3:48:20 PM
#45:


ZombiePelican posted...
Mal_Fet posted...
ImTheMacheteGuy posted...
Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?

Following the tax code isn't against the law.

Immigrating illegally is against the law.

Good thing they lobbied to have tax laws written in their favor

Yeah, fuck that conservative asshole Bill Clinton
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LordRazziel
02/14/18 3:58:27 PM
#46:


Mal_Fet posted...
LordRazziel posted...
Haven't you said anchor babies should be deported?

Nope. I've said that jus soli citizenship is dumb, but I wouldn't advocate revoking citizenship from people.

Must have been someone else.
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ZombiePelican
02/14/18 5:02:23 PM
#47:


Mal_Fet posted...
ZombiePelican posted...
Mal_Fet posted...
ImTheMacheteGuy posted...
Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?

Following the tax code isn't against the law.

Immigrating illegally is against the law.

Good thing they lobbied to have tax laws written in their favor

Yeah, fuck that conservative asshole Bill Clinton

Was it Clinton himself who wrote those tax laws or did he just sign the bill that was placed in front of him?
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Mal_Fet
02/14/18 5:26:34 PM
#48:


ZombiePelican posted...
Was it Clinton himself who wrote those tax laws or did he just sign the bill that was placed in front of him?

Signing a bill is an endorsement...
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Notti
02/16/18 5:48:08 AM
#49:


Raikuro posted...
ImTheMacheteGuy posted...
ZombiePelican posted...
He was like " Trump was right for saying dodging taxes makes him smart, he owes literally nothing to the government and shouldn't have to pay a dime"

WTF is with this backwards ass thinking ?


Does he also believe illegal immigrants are smart for not paying taxes because they owe nothing to the government of a country they are not citizens of?

Or using chain migration "loopholes" to legally get in the country with legal relatives.


That makes them geniuses.

And Trump did say he wanted only the best.

They pass.
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