Trump's Taxes

I have a hard time seeing the Times story about Trump's taxes changing any minds. Jim Geraghty notes an unsurprising gap between Trump's rhetoric and behavior. More shoulder shrugging from Reason - active real estate investors get plenty of tax breaks.

Whatever. It saves the media from wondering why the FBI relied on a possible Russian agent for the FISA requests backed by the Steele dossier.

Interestingly, Mr. Danchenko co-authored a paper with Fiiona Hill, a star of the Trump Impeachment Show.

Ms. Hill went on to join President Trump’s National Security Council staff as a senior European specialist in 2017. She also testified at his House impeachment hearing. She said she believed Mr. Steele, with whom she once worked while he was a British intelligence officer, was played by Russian disinformation.

Steele, duped?

Comments

[Narciso]

Here you go:

https://mobile.twitter.com/alexthechick/status/1310558051171262464

[Neo]

U.S. District Judge Michael Watson wrote that while Ohio’s signature-matching requirements impose a “moderate" burden on voters, they have other options to cast a ballot if their vote is improperly rejected, including casting a provisional ballot on Election Day. He agreed with Ohio Secretary of State Frank LaRose that the state has a legitimate interest in promoting an orderly and secure election, justifying that burden.
https://www.cleveland.com/open/2020/09/federal-judge-rules-against-voting-rights-activists-challenge-of-ohio-signature-matching-rules-on-absentee-ballot-applications.html

[Captain Hate]

Playing catch up.

Sorry for your loss DrJ but I console myself whenever a pet passes on that they would be miserable if we died leaving them lost.

Teddy is in his second puppyhood. Many times he'd infuriate me at dog parks by just moping along and marking places. Now he's running all the time and playing.

Why does anyone listen to Rush other than habit? The internet has made him redundent and he's wrong way too many times.

[sbwaters]

DrJ, your pup’s timing was considerate, sparing you the final visit to the vet — his final sweet gift to you, except for the everlasting memories you share. Sorry for your loss.

[Narciso]

Ah that did seem familiar

https://mobile.twitter.com/FDRLST/status/1310645766927650817

[Captain Hate]

Geraghty sounds like a spiteful loser. I'm sure DJT's tax returns have been scrutinized intensely by the IRS like anyone with multiple businesses.

[henry]

Funny how most tweets claim Trump (or his organization) paid $750 in “federal taxes”. Federal taxes include employer wage taxes, employer share of social security and Medicare, federal unemployment tax... which are the big piece if you have employees. Some firms pay federal excise taxes as well. These taxes are paid whether or not the firm makes money. Income tax is over and above that.

[Melinda]

$750 figure was the additional owed on top of multiple million $$ tax payments already paid.

[matt - deplore me if you must]

Happy birthday, Confucius! This one is for either Biden or Nadler:

"Man who take sleeping pill and laxative on the same night will wake up in deep shit."

[Extraneus]

Alex the Chick: The NYT Claim that Trump Paid $750 in Taxes is a Straight-Up Lie. By Their Own Reporting, He Paid $1,000,000 in 2016 and $4,200,000 in 2017.

[sbwaters]

Leaving out the stuff that no longer makes sense — if it ever did — there is enough insight in Confucius’ writings, even though it has been ping-ponged over thousands of years.

[Gentlejim]

I always liked this: Man who sleep with itchy butt wake with stinky fingers.

Hey yo!!

[MissMarple2]

The President is supposed to address the nation about the Covid virus in about 20 minutes from the Rose Garden.

[Porchlight]

Geraghty sucks and getting him out of my daily inbox was one of the better moves of the last six years.

As a replacement, I actually enjoy the daily morning bulletins from Flynn at AmSpec and Kruiser at PJMedia.

Especially Flynn, he's about my age and has similar interests. Well-rounded guy.

[Porchlight]

Breaking: Biden's debate prep notes

https://i.maga.host/0BC0obR.png

[Melinda]

🇺🇸 Jack Ralph 🇺🇸
@NevadaJack2
Watch this and retweet the hell out of it. More people need to know this.

https://twitter.com/NevadaJack2/status/1300654895184269312?s=20

[rse]

With respect to the NYT, they are listed partners in the transformational project called "Thriving Together" that I wrote about today invisibleserfscollar.com/we-must-reframe-americans-mental-models-toward-shared-fate-and-equal-opportunity-to-drive-well-being/

The title is a quote from the actual report and, of course, gives them lots of interest in spreading deceit and Faux Narratives like the 1619 Project they are also behind.

[Extraneus]

(Click to open.)

Thousands of individual tax returns? Compensation information for former employees? WTF?

[Jack Lillywhite]

I am starting the 1945 Project. Think August and what we can bring if you continue to Dick with us.

[Ignatz Ratzkiwatzki]

--DrJ, your pup’s timing was considerate...--

Cat.

[Neo]

Extradition of Joe Biden and Hunter Biden is to be requested by Ukraine government for criminal prosecution. Ukraine seeks International extradition
for both Joe Biden and Hunter Biden for trial. .
https://mobile.twitter.com/DHvpwNI0ZIpntY0/status/1310487010402951169

[Ignatz Ratzkiwatzki]

--WTF?--

If a fence receives stolen property he goes to jail.
If a reporter does he gets a Pulitzer.

[sbwaters]

Cat.

[Porchlight]

As I've said before, I don't know how strong voter registration numbers are as an election indicator, but they are hard data:

Billy Newby
@mantlehog

Pennsylvania Registration Update:
Nov 2016 to 9/28/20
GOP +125,381
Dem -66,778

6/29 to 9/28
GOP +127,098
Dem +54,978

8/31 to 9/28
GOP +64,064
Dem +29,325

9/21 to 9/28
GOP +21,323
Dem +14,424

County breakdowns at the link.

https://twitter.com/mantlehog/status/1310651218558148609

[Marlene]

Good afternoon! I'm watching Newsmax waiting for the Howie Carr hour. Trump's presser is on. The scroll or chyron or whatever just informed me that Cindy McCain will serve on Biden's transition team advisory board.

[Momto2]

Oops - I'm sorry I posted that dog photo, Dr.J.

I missed that it was your kitty that you lost.

[Thomas Collins]

The NYT article's treatment of the 2016-2017 Trump federal income taxes doesn't seem to be accurately summarized by Alex the Chick. Trump's liability for those two years according to the NY Times article is $750 each year. Trump was able to roll his estimated tax payments into future years because the actual liability for those two years is so small. Thus, Trump didn't end up paying seven figures for those two years. Without the reduction in tax liability due to Trump's use of the tax credit, Trump wouldn't have been able to apply the estimated tax payments to future years.

[MissMarple2]

Marlene,

I had hoped Cindy would disappear from the public eye. Although I expect her to disappear when the President is re-elected, I suppose we will still have to hear from her for another 6 weeks or so. Rats!

[Jane]

Who/What determines if someone can be extradited?

[Extraneus]

Thanks, TC. You the Don.

[Old Lurker]

Treaties between sovereign countries, Jane.

[Porchlight]

The scroll or chyron or whatever just informed me that Cindy McCain will serve on Biden's transition team advisory board.

Haha. Sure she will.

[henry]

Porch, she’ll deliver her daughter to dark side MSM... (which is exactly zero effort)

[MissMarple2]

Wait...I thought he was barricaded in his house...

Talking calmly, not moving, gets tackled, immediately puts hands up.

Hmmmmm https://t.co/RSg6IgJfVy

— GeekRad (@RadGeekpartduex) September 28, 2020

Video at link. A little over a minute. I have to say he doesn't look unstable to me.

[henry]

Nice try. What do you expect a business owner to do when Evers ignores the courts and keeps on issuing mandates? Or the counties issue their own (which all in SE WI have).? Not as if insurance covers that.

https://madison.com/wsj/news/local/govt-and-politics/conservative-legal-group-asks-court-to-immediately-halt-enforcement-of-statewide-mask-mandate/article_32c54d50-309f-53b8-b975-f10decfc00c5.html

[Ignatz Ratzkiwatzki]

The explanations on the previous thread still don't make a lot of sense to me. His accountants surely knew his level of available tax credits. There are lines right on the estimated tax form to deduct any available credits from estimated tax liability.
Perhaps my opinion would be different if I were a billionaire but if my actual tax liability was $750 but he asked me to write a check out for $4.2 million I'd find a new accountant.
Moreover if you pay approximately [90%?] what you paid the year before, you avoid the underpayment penalty, so paying $4.2 million when the prior year's liability was $750 makes no sense not only because they knew he was carrying credits forward over twice what he paid in but he wasn't subject to underpayment penalty anyway.
Makes no sense to me.

[Dave (in MA)]

Is Biden going to call a lid during his opening remarks?

[Dave (in MA)]

Sorry about your cat, DrJ.

[Pinandpuller]

The “Good News” is, Mr Trump, if you give Pope Francis a little taste, you can still go to Heaven:

Pope called tax evasion a “structure of sin;” in recent interview, the pontiff said: “It has become evident that those who do not pay their taxes are not only committing a crime, but murder: if there are not enough hospital beds or respirators, they too are partly to blame.”
https://twitter.com/richraho/status/1310366353602351105?s=21

[henry]

Miss M, it’s only bad when a “person of color” gets tackled by police. Seems standard procedure these days. Nothing to do with race, everything to do with police treating the entire public as less than human.

I doubt GentleJim would tackle him right away. I don’t know what the rules are.

I see Parscale with beer, cooperating then one cop went mental. I don’t understand the “get on the ground” order crap, especially when the cop that said that was already running to tackle the guy.

Glad I’m not a cop.

[Captain Hate]

Does Pope Che seem detached from reality and the concept of what a sin is?

[Pinandpuller]

I’ve heard it speculated that Rick Wilson Swatted Brad Parscale. Wouldn’t surprise me at all.

[jimmyk]

I was going to make a comment similar to TC’s. I don’t think the $750 was in addition to the $1M in 2016 and $4.2M in 2017. It was his actual liability. Those larger amounts were just overpayments that he got credits for.

Not that any of this matters. Besides henry’s point that he likely paid $millions in other taxes, there’s no crime or even misdeed alleged, and the NYT story seems like it could have been written by a middle school student. Zero understanding of the real estate business or tax system.

Sorry about your cat, DrJ.

[Captain Hate]

Another Roger Goodell success story

https://dailycaller.com/2020/09/28/nfl-week-3-sunday-night-football-ratings-decrease-2019-season/

[MissMarple2]

henry,

I am concerned that there is a possibility that this is a dem instigated frame-up. I have a few questions:

1. DID his wife call and say he had a gun and was threatening to harm himself? Well, where is the gun?

2. Where is this? DC? Florida? Who is in charge of the government at this point of arrest?

3. Who is dropping all of this "Parscale embezzled money from the campaign" on social media?

4. Why, when he obviously wasn't armed, was he treated so roughly?

[MissMarple2]

Pinandpuller,

NOTHING Rick Wilson does would surprise me. He's an evil person.

[Porchlight]

It is definitely Ft. Lauderdale, MM. I wouldn't believe any of the other details at the moment.

[James D.]

CH @ 4:28

Since he appears not to understand basic things about christianity, yeah, I'd say he's pretty lost on the idea of sin.

[James D.]

Pin @ 4:28

That was my first thought, too. Not specifically Wilson, but that it was a swatting,

I certainly wouldn't put it past him to have done it personally, though.

[Thomas Collins]

The Infamous Ignatz, there could be several explanations. One might be that the amount of the credits could have been in question. For example, if the credits depended on the placed in service date, perhaps that date (or dates, if more than one lot of facilities was involved) was uncertain when Trump made the payments. Perhaps other aspects of the 2016 and 2017 taxable years reduced Trump's tax liabilities but weren't covered by the NYT article. I suspect Trump's tax picture is complicated enough that the accountants might well have been correct if they were advising Trump to make seven figure estimated tax payments, even if ultimately the tax liability was reduced almost to zero.

[James D.]

Ig @ 4:18

My take on the whole story is, I don't care about the explanations, because it's all bullshit from word one.

Trump has been on the Dem enemies list ever since he questioned Obama's birth certificate. If the 100% progressive Democrat IRS couldn't nail him with anything in the 12+ years since then despite clearly trying to, then there's nothing there and it's not worth one minute of any sane person's time to analyze it further.

[hrtshpdbox]

I'm sure DJT's tax returns have been scrutinized intensely by the IRS like anyone with multiple businesses.

That's where the nonsense hits the road every time with these tax return stories - there's a dedicated body of not-very-forgiving folks who tear apart every Trump return (they're all audited). And if Trump pays nothing or little (which isn't even the case), it's because his accountants were legally able to make that happen. Talk about a non-story.

[Davod]

"Extradition of Joe Biden and Hunter Biden is to be requested by Ukraine government for criminal prosecution. Ukraine seeks International extradition
for both Joe Biden and Hunter Biden for trial.."

Several countries should seek the extradition of the ringleaders of the current rioting, and misinformation operations, taking place here,as they probably practiced them first in their countries.

[Jane]

James,

Trump is on the hit list because he’s working for the people, not the elected who live on their ivestments in China.

[Jane]

Davod,

Do you know who has to grantextradition? Has the US ever done it?

[Stephanie Nene Not Your Normal Granma]

I would think DOJ or State, Jane.

[Ignatz Ratzkiwatzki]

My only experience with the Parscale issue is having called 911 when my own son was walking down the street buck nekkid trying to find a cop to confess all his horrendous crimes to [none of which actually happened].
The cop calmly and politely asked him to put some clothes on and reasoned with him [as did I] until he finally complied. Then they cuffed him [I think] mostly for his own protection, put him in the car and took him over to the ER for an evaluation.
Nobody tackled him or demanded he drop to the ground etc, even though they knew he has mental issues and he was far less calm and reasonable than Parscale.

[clarice]

I am thinking of calling a lid on myself until sometime in 2021. Until then I'll be in bed under the covers till all this insanity blows over. (Or maybe not--there's a lot of insanity to poke fun at.)

[Old Lurker]

I said my piece about why larger tax payments than ultimately owed might be made in the course of the year...pretty much along the lines of TC above. A (the?) leading cause of personal returns by RE guys being extended is that the owner's bill has to await the final returns of all of his the other entities. So counting on a credit before it is hatched has some risk.

Another thing that enters the thought process is that to normal people, tax returns/payments are "events", but to RE tycoons they are simply one frame in a long stream of tax strategy with a lot of interconnected moving parts and timing. None of it is black and white.

I am in a completely different league compared to Trump but even I tend to think about my Fed Taxes in a three year moving average sense, and, since ZIRP rules the land and Cash is Trash, it is easy to just let over and under payments ride "on account".

Finally, I laughed at the NYT guy, basically selling the notion that Trump does not pay taxes and that he is being audited with respect to an almost $80,000,000 REFUND he once got - how does the NYT square getting a REFUND of $80,000,000 unless the tax payer had already paid in at least that amount? While the IRS might sometimes give you back some of the taxes you already paid...they almost never give you cash back from the House Account.

[henry]

It’s who they are.

@howleyreporter

BREAKING EXCLUSIVE: Biden campaign's Texas Political Director ACCUSED of running Illegal Ballot Harvesting Operation, according to two Affidavits filed today at Texas Supreme Court under oath from private investigators. They have VIDEO EVIDENCE 🚨🚨🚨

https://twitter.com/howleyreporter/status/1310658533726326789?s=21

[James D.]

Jane, agreed. But the point that the NYT or any prog who breathlessly shares their story misses is that he IS on the enemies list and if the IRS could have nailed him any time in the last decade they absolutely would have.

[Ignatz Ratzkiwatzki]

You may very well be right, TC, but he apparently didn't owe any income taxes for 10 out of the previous 15 years.
Moreover if he had $9+ million in direct credits and used ~$5 million of them [assuming his estimated payments were in the ballpark of his liability without the credits] I hope they still aren't having him fork over millions every year.

But the main issue of this really is someone committed an extremely serious felony disclosing the tax and income information of apparently thousands of innocents and that person probably works for the IRS or the scumbag Vance.
Were it Barry's and Dem info being leaked you know heaven and earth would be moved to get the perp.

[henry]

Yes. The leak is the issue. Not the tax.

[joan]

I just listened to Sidney Powell and Mark Levin on his podcast on the hearing tomorrow and thought of you, CH, because you mention Levin frequently. They mentioned the FBI's misconduct, plus how obama's fingerprints are all over this matter.

The hearing will be streamed tomorrow morning.

"For those wishing to follow Tuesday's Flynn hearing live, the D.C. district court provided the following details:

"The motion hearing scheduled for September 29, 2020 at 11:00 AM EST shall now take place via VIDEO TELECONFERENCE (VTC)...The public and media may listen to the hearing by dialing in to one of the following teleconference numbers and entering the access code when prompted:

877-336-1839 (access code 5524636)
888-363-4734 (access code 6114909)
877-336-1839 (access code 1429888)
877-402-9753 (access code 2090166)
888-557-8511 (access code 4140864)
888-273-3658 (access code 1773796)

"Persons joining via teleconference will be automatically muted and will not be heard by the Court or participants in the hearing."

[matt - deplore me if you must]

My tax returns used to run to 60-80 pages or more with just a small company and some investments. Imagine the scope of dsomeone like Trump's returns. Especially when it comes to real property, the finagling allowed by the tax code would keep a roomful of accountants busy.

Multiple residences, shelters, depreciation schedule; I'm sure the NYT had a team of 50 accountants working for a month to decode to decode each year with carry-forwards and reinvested profits . Not.

If that's all they had they just stepped in doody again.

So let's see Joe's charitable contributions vs Trump.

[Ignatz Ratzkiwatzki]

And since OL notes his perspective, mine influenced my take on the issue. Timber gave one the option of treating proceeds as income or cap gains. and with timber depletion and all manner of business, investment and conservation easement deductions I could pretty much engineer zero taxes every year if I wanted to, though I often gave myself a liability just to avoid their hit list.
The only time I was audited they went through everything with a fine tooth comb and one jackass was pushing us toward tax court until I found a reasonable superior who looked at things objectively and I ended up with a $900 refund.

[Captain Hate]

That was my first thought, too. Not specifically Wilson, but that it was a swatting,

I certainly wouldn't put it past him to have done it personally, though.

They're all such scummy lowlifes, particularly that fat slob George Conway who obviously cares more about MAD TWITTER BURNZ than the ability of his troubled daughter to have two caring parents. Kudos to Kellyanne for prioritizing parental responsibility and removing a probable distraction from the campaign.

With Pope Che acting nuttier by the day does anyone doubt that a Vatican derp state coup deposed Benedict? How do you get your church back?

[Gentlejim]

After a quick look at the Parscale video I do t see why he was tackled. He didn’t appear to present any type of threat. You don’t allow a threat to get that close. The original contact officer should be the only one talking to him. Parscale is conversing with him when another officer starts giving commands to get down. Parscale sounds impaired so I doubt if he heard the additional commands. He doesn’t react like he did. Your hearing is the first thing to deteriorate when intoxicated. Right now I don’t like it. I’d like to see other videos.

Back later. I have what is surely to be a very contentious FOP meeting. We’re still dealing with the fire from 1/18 and trying to get new property. Long story..

[MissMarple2]

Captain Hate,

Do you know what THIS is about?

jackwindsor
@jackwindsor

Ohio State Representative John Becker (R-Union Township, Clermont County) filed a Private Citizen Affidavit in Clermont County, Ohio and announced 10 criminal charges against Ohio Governor Mike DeWine.
Story to follow.

3:36 PM · Sep 28, 2020

[henry]

Perhaps COVID had most of these union data entry clerks goofing off from home at full pay all summer.

@markmobility

God dammit. For three weeks in August, @USPS stopped fully updating a national change of address system that most states use to keep their voter rolls current.

"at least 1.8 million new changes of address had not been registered in the database."

https://twitter.com/markmobility/status/1310654724534870024?s=21

[Captain Hate]

News to me, Miss Marple. As a former prosecutor, DeWine surely didn't violate any criminal statutes. It is doubtlessly about his mishandling of the fake pandemic and a severe misreading of unrelated statutes. Some of the state GOP reps are quite nutty.

[Jane]

Gentlejim! Good to see you!

[MissMarple2]

Retweeted by the President. Video at the link.

.@realDonaldTrump: “I’m proud to have received the first ever unanimous endorsement from the largest police union in the world—the Fraternal Order of Police.”

We want #FourMoreYears of America's Law and Order President! #FOP4Trump pic.twitter.com/QzGl5EkEwV

— National Fraternal Order of Police (FOP) (@GLFOP) September 28, 2020

[henry]

Maybe tell me after something happens.. quit the tease crap.

@johnsolomonreports

Breaking: Next declassification could flip Russia collusion script, point to effort to hurt Trump | Just The News

https://twitter.com/jsolomonreports/status/1310625667923443717?s=21

[MissMarple2]

Captain Hate,

Well, it could be like the guy here on talk radio who is agitating against our lame GOP Governor Holcomb.

Holcomb is pretty pathetic, but he is head and shoulders above anyone the Democrats would present who would cooperate with Pelosi and put a wrench in the wheel of the President's re-election.

A lot of these guys don't understand strategy and consequently cause all sorts of trouble!

[henry]

Thread

@chickrossdc

Strzok-Page texts released in the Flynn case last week have a new clue. "Typhoon" is unredacted in this new batch. That's FBI's code for @GeorgePapa19.

Page tells Strzok on May 10, 2017, they need to "lock in" the case in a "formal chargeable way."

Timeline is interesting...

https://twitter.com/chuckrossdc/status/1310668431025483776?s=21

[Old Lurker]

Iggy "but he apparently didn't owe any income taxes for 10 out of the previous 15 years"

It is the very nature of the taxable income stream from every commercial real estate project that huge paper losses are run up during the construction phase (interest on construction loans are expensed when paid, not capitalized, for example, as are many other costs of development). Such losses are features, not bugs. Once the project is built, the rental income usually does not cover the operating expenses and interest until the building is almost full so those losses get piled onto the construction period losses. Another feature, not a bug. Finally, as soon as the building is placed into service the owner gets to depreciate it. Which is another operating expense (but NON CASH - on paper only) making the losses even bigger in the early years. You know the thing: Feature not bug. Also in those early days a lot of refinancing occurs and in some but not all of those, huge financing fees might be "expensed" and not capitalized.

So a really really successful real estate deal might earn really really sweet huge (paper) "losses" on the tax books which can shelter income from that and other projects for years and years. Over a number of years, rents will go up, depreciation charges will peter out, and more of the mortgage payments are principal (not deductible) and less is interest (deductible). Then the project has "flipped" into positive TAXABLE income and that starts eating into the saved up losses. If the owner sleeps through all of those years, gasp, the losses could run out and he might actually have to write a check to the IRS. Few people capable of succeeding in this business let that happen. All THAT requires is a new deal and then another...

One great deal can make this last for decades, done right.

The chickens come home to roost when the project is sold and the profit is the sales price in excess of basis, and the basis is lower than it might have been because so much of the cost was taken as losses up front. So the gain is bigger and the tax on it at the end is bigger. But the tax on the back is at Cap Gains rates and the taxes not paid up front were at Ord Income Rates.

I am sure the NYT guy can explain it to you.

:-)

[Captain Hate]

Speaking of the classy NTs

https://mobile.twitter.com/ChuckRossDC/status/1310390304281948160

[Captain Hate]

I dunno, Jeb; has she ever been arrested for swiping something from the duty free store?

https://mobile.twitter.com/JebBush/status/1310252182512513028

[Old Lurker]

BTW Iggy, when I was just a pup and he was a hot shot tax lawyer in the 50's, my Dad regaled me with his victory for a client who made a fortune growing Christmas Trees such that at 8 or 9 I learned those concepts you mention about from your lumber biz.

:-)

[Melinda]

Hmmmm.

Marc E. Elias
@marceelias
🚨BREAKING: Georgia federal court rules GA Secretary of state “to require the use of a paper backup of the electronic pollbook to prevent voter disenfranchisement.”

Congrats to the Coalition for Good Governance on their victory.

https://twitter.com/marceelias/status/1310685974305927177

[Captain Hate]

joan, thanks for pointing that out. I'll try to listen to it later.

[Stephanie Nene Not Your Normal Granma]

Disclosure is Underway. Earth was Partly a Reptilian Colony using the Humans as Food Energy and Physically.

Not partly. They ruled us for centuries upon centuries.

My gut feeling is...that the chasers here are not human...and they have just ripped off that person's arms...you can also hear the guy videoing vomitting...if this is to do with the DUMB tunnels...then we are in for one hell of a fight

it's not Reptilian in footage it is T- viris zombies real zombies. Probably created by the Reptilian

So these comments just appeared on a post in my FB feed with a 'video' showing Russian soldiers 'eating' a zombie.

Some people are seriously screwed up. These are all "Q" people. Another comment refers to the hundreds of miles of underground tunnels being used by the zombies and the underground war going on between Western Militaries and the zombies.

A fresh change from their usual claim that all the missing kids are in the tunnels servicing Oprah and the adreno nutz...

[henry]

OL, I learned all your real estate tax games from my dad. He did a bunch on the side in Houston and South Jersey. Also learned the tax on dairy cattle, another thing he invested in. (Did my own real estate in Philly in the 80s). I prefer software. :)

[henry]

Stephanie, I thought the reptilians were based in Antarctica, which given the average temps and cold blooded features of reptiles would keep their mischief to a minimum. Or did the ozone hole change that? ;)

[Ignatz Ratzkiwatzki]

I understand and experienced a lot of what you mentioned OL, because I was buying the RE with the timber.
But my point was since Trump had been paying dang few taxes apparently from the casino issues onward that made it even less sensible for his accountants to assume big tax liabilities.
But presumably when you're worth billions playing it safe with $5 or $10 million chump change makes sense. That's just the keep the IRS at bay fund.

[henry]

More fire destruction via Housley. CA Dems have a lot to answer for.

https://twitter.com/adamhousley/status/1310687810404278273?s=21

[MissMarple2]

Eddie Zipperer
@EddieZipperer
·
10h
Morning Joe thinks normal people will get so mad at @realDonaldTrump for not having a big enough tax bill that we'll all go vote for Biden to make our own tax bills bigger:

[joan]

This is good. I'm behind so it might have already been posted, but am going to put it up:

https://americanmind.org/post/from-death-threats-to-lies/

Michael Anton.

[Melinda]

ᴄᴏᴜꜱɪɴ ᴘᴏᴏᴋɪᴇ ᴘᴏᴘ ᴘᴏᴘ
@bchapman151
She is batting .000

Emily Larsen @emilyelarsen
Kamala Harris mistakenly refers to Notoriois BIG when talking about RBG during a speech today on Trump’s nomination of ACB

https://twitter.com/bchapman151/status/1310699658780569606

[Rappers-R-Us]

[Narciso]

What no greys from zeta reticuli dissapointed.

[Narciso]

Thats why i made that mikey reference to david french.

[Jack Lillywhite]

Fed income taxes are a maze of options and commitments. For example, unlike OL and DJT, mine were all on foreign earned income. Since ui made so much and had my taxes pumped up because of the UK taxes, I had to deduct those over a 5 year period. Very complicated.

How much? Well our USA contingent on international assignments were assigned our own dedicated PWC accountant to take care of it. Imagine, you live a city/state in the US and go to Kuwait for one year, then Saudi Arabia for 2 years, then the UK for 3 years, then Holland, Belgium and France for 2 years.

A dog’s breakfast of tax calculations. I still wonder if I ever got back what was honestly mines.

[Melinda]

What's the Secret Phrase/Word for tomorrow night's drinking game?

"C'Mon, Man!"?

[clarice]

I married a CPA/Tax lawyer so I'd never have to bother my head with these byzantine rules and you guys bring it here!!!@#%&*((

[Jane]

So OL,

Can Ukraine extradite the Biden's? Do we have to agree? And if so, who?

[Ignatz Ratzkiwatzki]

That Napa fire looks to be right down in the valley between Calistoga and St Helena and we still have a red flag warning for northeast winds today and tonight which push it right toward the valley.
It's actually two fires and the other one is bearing down on Santa Rosa which got clobbered about three years ago by another fire.

[GUS]

She will PORCH, wasn't she on RODHAMS too??

[Jane]

Clarice,

They passed a law. Yo0u aren't allowed under your bed!

[rich]

hate to barge in but thought i'd stop by to say hello and let old lurker know i had a question to ask him in his specialty?