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Hillary Admits To Same Tax Avoidance Scheme As Trump


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Well this is a little awkward. With the leaked 1995 Trump tax returns 'scandal' focused on the billionaire's yuuge "net operating loss" and how it might have 'legally' enabled him to pay no taxes for years, we now discover none other than Hillary Rodham Clinton utilized a $700,000 "loss" to avoid paying some taxes in 2015.

 

The Clinton Campaign was quick to jump on the leaked Trump tax filing with Robby Mook tweeting...

 

https://twitter.com/HillaryClinton/status/782427018176716804/photo/1?ref_src=twsrc^tfw

 

And Hillary following up, adding Trump "apparently got to avoid paying taxes for nearly two decades—while tens of millions of working families paid theirs." However, a look back at Hillary Clinton's tax returns from 2015 (here), proudly displayed by the campaign proving she has nothing to hide - shows something awkward on page 17...

 

20161002_hillarytax_0.jpg

While not on the scale of Trump's business "operating loss", Hillary Clinton - like many 'wealthy' individuals is taking advantage of a legal scheme to use historical losses to avoid paying current taxes.

 

As Bloomberg notes, this federal tax break is among the wealthy's most used avoidance schemes...

 

Those 1.1 million folks in the 1 percent, as measured by the TPC, have annual income that averages a little less than $700,000. The top one-tenth of that group, some 110,000 households, average about $3.6 million, according to Howard Gleckman, a senior fellow at the TPC.2

 

The middle of the pack, some 33 million people, have pretax income ranging from $45,000 to $80,000. The lowest one-fifth of taxpayers, a universe of about 47 million Americans, have income up to about $24,000.

 

Among the biggest of these givebacks, courtesy of the Internal Revenue Service (well, really Congress), are capital gains and dividends—these are the biggest way the wealthiest benefit.

In the words of Hillary Clinton's campaign manager, "this bombshell report reveals [Hillary Clinton's] past business failures... and may show just how long [Hillary Clinton] may have avoided paying taxes."

 

Finally, as we noted previously, the NYT itself is also perfectly happy to take advantage of the US tax to minimize the amount of money it pays to the government: in 2014 the company got a tax refund of $3.6 million despite having a $29.9 million pretax profit, an effective negative tax rate for 2014, which it explained was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.

 

 

NYT%20tax_0.jpg

Simply put - pot, kettle, black.

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Already put on this forum. You're always a day late and a dollar short. Plus I posted a three point rebuttal in my pinned Trump Tax Scandal thread that blows this right out of the water. Not going to repeat it here. You can go *there*if you want to learn.. but I doubt any learning is going on in your head these days.

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Already put on this forum. You're always a day late and a dollar short. Plus I posted a three point rebuttal in my pinned Trump Tax Scandal thread that blows this right out of the water. Not going to repeat it here. You can go *there*if you want to learn.. but I doubt any learning is going on in your head these days.

I find it interesting that a business gets to use these losses, but a worker or citizen doesn't.

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Clinton Campaign Admits Hitlery Rotten Used Same Tax Avoidance "Scheme" As Trump



Well this is a little awkward. With the leaked 1995 Trump tax returns 'scandal' focused on the billionaire's yuuge "net operating loss" and how it might have 'legally' enabled him to pay no taxes for years, we now discover none other than Hitlery Rotten Clinton utilized a $700,000 "loss" to avoid paying some taxes in 2015.



20161002_hillarytax_0.jpg






03_OCT.jpg


Run-away-screaming.gif



Ha!


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I find it interesting that a business gets to use these losses, but a worker or citizen doesn't.

I find it more interesting that DEMs complain about a business getting to use thier losses, BUT than turn around and use it themselves on thieer personal taxes.

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I find it more interesting that DEMs complain about a business getting to use thier losses, BUT than turn around and use it themselves on their personal taxes.

 

Or, don't pay them at all...

 

Parade of Tax Cheats Just Happens to Be Led by Democrats

Most voting Democrats Pay NO Federal Income Tax ….Is that their fair share?

Ha!

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Already put on this forum. You're always a day late and a dollar short. Plus I posted a three point rebuttal in my pinned Trump Tax Scandal thread that blows this right out of the water. Not going to repeat it here. You can go *there*if you want to learn.. but I doubt any learning is going on in your head these days.

In other words, this moron still can't figure out how to post a link to a specific post in a forum where he's a moderator.

This is why ES will always be my bitch.

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