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MineralMan

(146,317 posts)
Sun Oct 2, 2016, 01:39 PM Oct 2016

Say, Donald, How'd you do that? Really...

I looked at my checking account online this morning, like I do every morning. The IRS just cashed the check I sent them last week. Like lots of other self-employed people, I usually end up filing for an extension every year in April, and get around to filing in October. Why? Because I always owe money on my taxes. Money's always tight in my house. There never seems to be enough of it.

This year was no different, so I wrote a four-figure check last week and dropped it in the mail with my 1040 and all those supporting documents. It hurt to do that, as always, but I'm a taxpayer and I pay up every year.

So, you're not a taxpayer, even though you live in a penthouse mansion, while I live in a 1950s rambler in the Midwest? You always seem to have piles of money to spend, but you don't have to pay any taxes to the IRS? How do you do that? I could have used the money I sent off last week for something else, but a guy's gotta pay his taxes.

Tell us how you do that, please. You spend millions every year, but never send any checks to the IRS. Is there some trick? It must be nice to be filthy rich and not owe anything to the IRS...

37 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Say, Donald, How'd you do that? Really... (Original Post) MineralMan Oct 2016 OP
Yeah, it's pretty damn maddening lillypaddle Oct 2016 #1
I imagine there are lots of working people asking similar questions today. MineralMan Oct 2016 #2
Just sent a check in for estimated taxes a couple of weeks ago Maeve Oct 2016 #3
Yeah, work. It's what we do. MineralMan Oct 2016 #4
How he earns his money? As noted, his money earns money Maeve Oct 2016 #6
Looks like you are not smart like the Donald! Laf.La.Dem. Oct 2016 #5
I guess not. Oh, well... MineralMan Oct 2016 #8
that is so gaudy and tacky looking rbrnmw Oct 2016 #16
With all his swag, you'd think he could afford a higher celing Brother Buzz Oct 2016 #23
Did you notice that... WiffenPoof Oct 2016 #26
For a moment I thought that might have been a real stuffed lion his son is on... FailureToCommunicate Oct 2016 #31
too funny Laf.La.Dem. Oct 2016 #36
At least that's a toy lion that kid is straddling, and not a dead real one like Uday & Qusay so catbyte Oct 2016 #32
He is the only one smiling in the photo. redwitch Oct 2016 #34
We send in quarterly estimates, too. mnhtnbb Oct 2016 #7
Yeah. I paid a little on my SS, too. MineralMan Oct 2016 #9
My husband is 73 and still working part-time. mnhtnbb Oct 2016 #10
Social Security recalculates benefits every year. MineralMan Oct 2016 #12
Start by getting in close to a Billion Debt/Loss and then get a Foundation/piggy bank going Madam45for2923 Oct 2016 #11
I couldn't do any of those things, though. MineralMan Oct 2016 #13
Any chance tRump wins voters with Taxpayer-Shaming or Body-Shaming or Working_Marriage-Shaming? Bernardo de La Paz Oct 2016 #14
I can't see how any of those things helps him, either. MineralMan Oct 2016 #15
I'm in the same boat. neeksgeek Oct 2016 #17
We pay our taxes every year and we eat on the cheap and do without rbrnmw Oct 2016 #18
Yup. Trump pays nothing. MineralMan Oct 2016 #19
Only scum sucking bottom feeders refuse to pay their taxes rbrnmw Oct 2016 #21
Hey Donald, Fla Dem Oct 2016 #20
Clearly you're not smart enough to lose a billion dollars like Trump did. Binkie The Clown Oct 2016 #22
Leona Helmsley said it shadowmayor Oct 2016 #24
Don't recall who said it madamesilverspurs Oct 2016 #25
To add insult to injury, he pays no taxes--then complains about the national debt pinboy3niner Oct 2016 #27
he eats fast food cause its CHEAP. pansypoo53219 Oct 2016 #28
" ... but a guy's gotta pay his taxes." ... Jopin Klobe Oct 2016 #29
Has his own plane but does not pay one penny in income tax. UCmeNdc Oct 2016 #30
It's called tax evasion. Rex Oct 2016 #33
At the very least, I would expect someone who profited so much from this country to unitedwethrive Oct 2016 #35
It all starts relayerbob Oct 2016 #37

MineralMan

(146,317 posts)
2. I imagine there are lots of working people asking similar questions today.
Sun Oct 2, 2016, 01:45 PM
Oct 2016

We pay our taxes. We have no other option. We don't like it much, but we pay them. How does Trump not have to pay? I think he needs to answer for that.

Maeve

(42,282 posts)
3. Just sent a check in for estimated taxes a couple of weeks ago
Sun Oct 2, 2016, 01:47 PM
Oct 2016

Becasue I'd pay a fine next April if I underestimated my share...must be in the wrong business. But then, I actually WORK for my money and I hear the only way to be rich is to have your MONEY work for you.

MineralMan

(146,317 posts)
4. Yeah, work. It's what we do.
Sun Oct 2, 2016, 01:49 PM
Oct 2016

What is the work that Trump does, exactly? How does he earn his money?

I don't think I want him to get a paycheck from the U.S. Treasury. I'm voting for Hillary.

Maeve

(42,282 posts)
6. How he earns his money? As noted, his money earns money
Sun Oct 2, 2016, 01:55 PM
Oct 2016

Most of his income seems to have been investment/interest. He does make an income running his mouth....which, as a storyteller, I can't fault, except I tell people what's real and what just entertainment. But then, I'm honest.
And come Oct. 12 (first day Ohioans can vote absentee), I'm voting Hillary as well.

MineralMan

(146,317 posts)
8. I guess not. Oh, well...
Sun Oct 2, 2016, 01:57 PM
Oct 2016

I'd rather none of my taxes, though, went to a paycheck for The Donald™. He seems to have plenty, already.

Brother Buzz

(36,444 posts)
23. With all his swag, you'd think he could afford a higher celing
Sun Oct 2, 2016, 03:04 PM
Oct 2016

Status, Class, or Tacky, The Donald hasn't a clue.

catbyte

(34,403 posts)
32. At least that's a toy lion that kid is straddling, and not a dead real one like Uday & Qusay so
Sun Oct 2, 2016, 04:16 PM
Oct 2016

enjoy posing with. But, the kid is still young. Ugh. Tacky, tacky, tacky. Can you imagine what they'd do to the White House? Dreckitude.

redwitch

(14,944 posts)
34. He is the only one smiling in the photo.
Sun Oct 2, 2016, 04:33 PM
Oct 2016

The other two are mere props. Pretty awful life they must have with him, designer fashions and toy stretch limos only go so far.

mnhtnbb

(31,394 posts)
7. We send in quarterly estimates, too.
Sun Oct 2, 2016, 01:57 PM
Oct 2016

What really ticked me off this year was how much of our social security was subjected to taxes. My husband is 73 and I'm 65 and we're both collecting SS.
I do our taxes. In 2015 we saw a much higher % of our SS subject to taxation. We help our youngest son with living expenses (he's in grad school on financial aid)
so he won't have to take loans. But we don't get to deduct $.01 of what we help him with, because he doesn't live with us (not possible since his grad school is in another state) and his income from work/study exceeds the threshold for allowing someone to claim him as a dependent. You know what that threshold is? $6300. Who can live on $6300?

MineralMan

(146,317 posts)
9. Yeah. I paid a little on my SS, too.
Sun Oct 2, 2016, 01:59 PM
Oct 2016

I don't worry about any of that, though. Paying taxes is our responsibility. I can see how government spending benefits me. I'm 71 years old and still working. No choice, really.

mnhtnbb

(31,394 posts)
10. My husband is 73 and still working part-time.
Sun Oct 2, 2016, 02:01 PM
Oct 2016

My point is that we're trying to help our son so that he won't have to deal with student loans when he's finished with school. We get ZERO deduction for that.

The people with big $ have the pull to write the tax laws to their benefit. Mitt Romney could deduct $75,000. for a horse as 'therapy' for his wife.

Billionaires like Trump can lose almost a billion and extend the write-off for that for almost 20 years.

Little guys like us pay taxes on our measly Social Security and he skates.

My point is that the billionaires need to pay something, too.

MineralMan

(146,317 posts)
12. Social Security recalculates benefits every year.
Sun Oct 2, 2016, 02:05 PM
Oct 2016

Each year, I get one payment that's a little larger, based on those recalculations. That will probably cover the little tax I paid on my SS this year. It's pretty much a wash. Any year where I have to pay taxes on my SS was a decent year, income wise, so I can't really complain, I guess. I still pay the Self-Employment taxes every year, too, since I'm still self-employed. It's a sort of odd system, but that's OK. The fourth Wednesday of every month, my SS payment shows up in the bank.

 

Madam45for2923

(7,178 posts)
11. Start by getting in close to a Billion Debt/Loss and then get a Foundation/piggy bank going
Sun Oct 2, 2016, 02:04 PM
Oct 2016

Try not to pay people & businesses that do business with you.

Get huge loans at banks and then get them to help you because they're afraid of you declaring bankruptcy.

Move parts of your business overseas and take advantage of low wages including minors.

If people sue you get your Mafioso tough guys to visit their lawyers with info on the lawyers: technique aka blackmailing.

Sell your last name to people that think of you as "classy" so they can open businesses with your name

Open fake University and find the most vulnerable to suck all their savings/credit.

LIE, exaggerate, over-promise





MineralMan

(146,317 posts)
13. I couldn't do any of those things, though.
Sun Oct 2, 2016, 02:06 PM
Oct 2016

My ethics and principles would prevent that. I guess having ethics is a costly thing....who knew?

MineralMan

(146,317 posts)
15. I can't see how any of those things helps him, either.
Sun Oct 2, 2016, 02:13 PM
Oct 2016

I hope he keeps right on pissing off groups of people. Whatever works...

neeksgeek

(1,214 posts)
17. I'm in the same boat.
Sun Oct 2, 2016, 02:37 PM
Oct 2016

I'm not self-employed, I'm an adjunct at a community college. We basically make our month-to-month bills on my wife's salary. I've adjusted my withholding each year, but I usually end up paying in installments from April through October.

It sure would be nice to have that $400 I paid this month back! My car needs a new alternator, but I have no problem leaving it parked, and riding the bus to work for the next couple weeks until payday.

Don't forget, "taxes are for the little people."

rbrnmw

(7,160 posts)
18. We pay our taxes every year and we eat on the cheap and do without
Sun Oct 2, 2016, 02:39 PM
Oct 2016

to pay them, but pay them we do, it is our duty as Americans and it's the law. There are little to no loopholes for small business owners.

MineralMan

(146,317 posts)
19. Yup. Trump pays nothing.
Sun Oct 2, 2016, 02:40 PM
Oct 2016

Something wrong there. Way wrong. The Clintons pay their taxes. We've seen their returns.

rbrnmw

(7,160 posts)
21. Only scum sucking bottom feeders refuse to pay their taxes
Sun Oct 2, 2016, 02:54 PM
Oct 2016

the top 1% are the bottom feeders, then they like to turn it around and blame the poor

Fla Dem

(23,692 posts)
20. Hey Donald,
Sun Oct 2, 2016, 02:52 PM
Oct 2016
What Is Critical Infrastructure?
The nation's critical infrastructure provides the essential services that underpin American society and serve as the backbone of our nation's economy, security, and health. We know it as the power we use in our homes, the water we drink, the transportation that moves us, the stores we shop in, and the communication systems we rely on to stay in touch with friends and family.

https://www.dhs.gov/what-critical-infrastructure

Seems to me you're taking advantage of a lot of services you're not helping to pay for.

And let's not forget a lot of those taxes go toward funding the military.

Just what would we be squandering your tax payments on if you actually paid them?

shadowmayor

(1,325 posts)
24. Leona Helmsley said it
Sun Oct 2, 2016, 03:29 PM
Oct 2016

Rich people don't pay taxes - only little people pay taxes.

Kinda surprised that folks are shocked about a crooked rich dude not paying his taxes. I thought it was a given?

madamesilverspurs

(15,805 posts)
25. Don't recall who said it
Sun Oct 2, 2016, 03:38 PM
Oct 2016

but there's an adage that goes something like "When the rich lose money, it's all on paper. When you and I lose money, it's all in cash."


.

pinboy3niner

(53,339 posts)
27. To add insult to injury, he pays no taxes--then complains about the national debt
Sun Oct 2, 2016, 03:50 PM
Oct 2016

What's wrong with this picture?

 

Rex

(65,616 posts)
33. It's called tax evasion.
Sun Oct 2, 2016, 04:20 PM
Oct 2016

Who could have guessed his downfall would be a presidential run for the WH?

unitedwethrive

(1,997 posts)
35. At the very least, I would expect someone who profited so much from this country to
Sun Oct 2, 2016, 04:33 PM
Oct 2016

be a responsible citizen and contribute large amounts to charity, or find other major ways to give (like Gates, Warren, and Zuckerberg). But since he won't release his taxes, we'll never know.

relayerbob

(6,544 posts)
37. It all starts
Sun Oct 2, 2016, 05:24 PM
Oct 2016

with a tiny little $14 million loan from daddy.

Oh, and throwing all sense of scruples and ethics out the window.

Genius!

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