posted on Apr, 16 2017 @ 03:20 PM
This snowflakery over Trump's tax returns is meaningless.
Most leftists simply don't understand how people like Trump operate under the law. There is a big difference between his personal returns and the
corporate filings of Trump International. I can guarantee you there is NOTHING even remotely “off” about anything in Trump’s taxes and I can
tell you exactly why…
As a few of you know, I am in land development. Because I have to deal with banks on a regular basis, I have to be a Boy Scout. I cannot mess around
with the filings for my LLC or my personal returns. Everything has to be squeaky-clean. The second you’re identified as an even remotely
questionable prospect – BOOM!, you’re done.
Because I have to maintain a certain level of net worth (in my LLC) to qualify for construction financing, I actually live on relatively little. I
own my property and vehicles outright, which helps. I pay myself a relatively modest salary compared to the income of my LLC. I pay myself exactly
what I need to live on and the remaining profit of my LLC goes back into the company, or more often is re-invested in raw land.
So, someone who looks at my personal income tax isn’t going to have any real idea of my overall income, active and passive assets, or my net worth.
They are going to know that I have a couple retirement accounts, I deduct property tax on the farm that is my personal home, take standard personal
deductions, and get a W-2 (sometimes 1099) from my LLC that comprises the majority of my personal income.
On a much larger and more complicated scale of course, I’m absolutely certain that’s how Trump structures his taxes. He likely takes a personal
income that is exactly as much as he needs to pay his personal bills. In his case, that might be $100 million of course, LMAO! But unless he files
as a Sole Proprietor, which I know he does not, you are not going to get any real idea of his overall income and assets from his personal returns.
If “the Russians” paid him to take down Bill Clinton’s wife, there isn’t going to be some Schedule C attached to his 1040 detailing that…
The Left have failed miserably (as usual) to lay a glove on Trump for anything. This tax return issue will just be one more example of that.