The True Cost of Donald Trump’s Tax Swindle Could Be Worse Than We Will Ever Know

[babylonsister]

http://www.politicususa.com/2016/10/03/true-cost-trumps-tax-swindle-worse-ever-know.html


The True Cost of Donald Trump’s Tax Swindle Could Be Worse Than We Will Ever Know

By Rmuse on Mon, Oct 3rd, 2016 at 10:09 am

Trump has benefited financially from raping, pillaging and bankrupting other businesses and suppliers as well as ripping off taxpayers and government
The True Cost of Donald Trump’s Tax Swindle Could Be Worse Than We Will Ever Know

*The following is an opinion column by R Muse*

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Although this story could be about an unfair tax code devised to create wealth for the already filthy rich, it is more about how Trump has benefited financially from raping, pillaging and bankrupting other businesses and suppliers as well as ripping off taxpayers and governments at the local, state and federal level throughout the course of his “daddy-provided” business career and a whopping $886 million in tax breaks courtesy of New York taxpayers.

It is, no matter how one appraises the situation, an abomination that Trump has “most likely” avoided paying any taxes over the course of at least 18 years according to NYT tax experts, but besides ripping of taxpayers who are paying for services and infrastructure Trump and his businesses benefit from, there is the matter of everyone Trump ripped off along the way. It has been covered once or twice over the past year or so while everyone in the media focused on Trump’s racism and bigotry, but it was his business incompetence, deceit and predation that allowed him to lose massive amounts of money, decimate other Americans’ businesses, profit off of other taxpayers and still fly in a private jet and wallow in luxury without ever paying his share – forget the idea of a “fair share.”

As the Times reported, those 18 years (at least) of extraordinary tax benefits Trump “earned” are from the wreckage he wrought by mismanaging three Atlantic City casinos in the 1990s, his disastrous foray into the airline business, and the purchase of the Plaza Hotel in Manhattan the NYT said was “ill-timed.” Although sane human beings realize that Trump’s claims of “fabulous business acumen” are completely bogus after learning about a nearly billion dollar “loss” in one tax year, his fierce disciples will celebrate his cunning to rip off the federal government for 8 years and still live in abject luxury. Those same Trump devotees celebrate his ability to fabricate facts and lie as a matter-of-course and never face any consequences.

What Donald Trump’s acolytes don’t know, and definitely don’t care about, is that besides the government being scammed out of revenue for 18 years, many hard working Americans and small businesses were ripped off and ruined so Trump could post one year’s worth of a seriously massive business loss. What Trump’s supporters, and many ignorant Americans, also likely can’t comprehend is that it is almost certain that the $916 million in “losses” was not Trump’s money. As an aside, it is fairly certain that Trump probably “lost” much more than $916 million because that negative number was his “adjusted gross income;” the figure determined by annual income as adjusted by that tax year’s losses.

Donald Trump claims he is an exceptional business mind that qualifies him to be president and “manage” America like it was his personal business. However, not only is he not exceptional at business, America or its government are not businesses to be raided for personal profit at the expense of other Americans, including Donald Trump’s ignorant supporters.

Although this story may develop further, it is likely that with a cadre of conservative media at his disposal and stupid devotees cheering his every despicable act, past and present that very few in the media will report, Donald Trump will take advantage of this so-called “October surprise.” He will feign being persecuted by the liberal media and boast to his supporters that despite showing a one-year loss of nearly a billion dollars and not paying taxes, he is still a fabulous business mind that lives in mansions and flies around the world in his personal jet and still doesn’t pay taxes; not because he’s smart, but because Americans are stupid and keep electing Republicans.

[napkinz]

1. he's a genius!

[gopiscrap]

2. Excellent

[Bernardo de La Paz]

3. Scrap tax deductions; Only direct Govt payments are accountable and transparent to the public.

The scandal is that the tax system is rigged to give hidden subsidies to the rich and the corporations.

There should be no tax breaks for anything besides basic citizen breaks, like interest payments on mortgages on primary residences.

Every other monetary aspect of government policy should be handled by direct payments where the benefit is public and accountable.

[font size = "+1"]Hidden tax benefits are a very corrupt cause of the corrosively massive inequality of wealth and income.[/font]

[nolabear]

4. Pillager-in-Chief. That pretty much sums up his goals.