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  • Showing only topics with the tag "trump". Back to normal view
    1. Just happened minutes ago, so not much information yet. I think it's likely that this article from Monday might have finally pushed it over the edge (since it's usually media attention that does...

      Just happened minutes ago, so not much information yet.

      I think it's likely that this article from Monday might have finally pushed it over the edge (since it's usually media attention that does it): You can’t offer to murder cops on Reddit unless you’re on r/TheDonald

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      Here's the message the admins sent them:

      Dear Mods,

      We want to let you know that your community has been quarantined, as outlined in Reddit’s Content Policy.

      The reason for the quarantine is that over the last few months we have observed repeated rule-breaking behavior in your community and an over-reliance on Reddit admins to manage users and remove posts that violate our content policy, including content that encourages or incites violence. Most recently, we have observed this behavior in the form of encouragement of violence towards police officers and public officials in Oregon. This is not only in violation of our site-wide policies, but also your own community rules (rule #9). You can find violating content that we removed in your mod logs.

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      109 votes
    2. Shouldn't there be loud and clear opposing voice to Trump overstepping historical boundaries? When Trump declares emergency to expedite arms sales to Saudi Arabia and UAE or when he approves...

      Shouldn't there be loud and clear opposing voice to Trump overstepping historical boundaries?

      When Trump declares emergency to expedite arms sales to Saudi Arabia and UAE or when he approves secret nuclear power tech sales to Saudi Arabia

      When Trump urges US Fed to cut interest rates

      When Trump lifts sanctions on firms linked to Russian oligarch Oleg Deripaska and when Trump conceals face-to-face encounters with Putin

      20 votes
    3. So what I want to know is whether or not this is that unusual for someone in real estate. The discussion on r/politics is myopic and the discussion on /r/tax lacks detail. From the NYT article:...

      So what I want to know is whether or not this is that unusual for someone in real estate.

      The discussion on r/politics is myopic and the discussion on /r/tax lacks detail.

      From the NYT article:

      The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

      Trump's statement/tweet:

      “You always wanted to show losses for tax purposes....almost all real estate developers did – and often re-negotiate with banks, it was sport,

      Now my very limited understanding of real estate and taxes is this:

      • You can depreciate the building but not the land
      • Depreciation can be carried over multiple years
      • When you sell property you can roll those proceeds into the purchase of another property, thus delaying income tax

      Are those accurate? If so, do they explain Trump's taxes?

      I'm thinking not (I suspect Russian money laundering is the real source of income). However, I have yet to read a good discussion of the specifics. Has anyone read such a discussion or have insight to add?

      Main story from NYT:
      https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html?action=click&module=Top%20Stories&pgtype=Homepage

      CNBC's article about Trump's response:
      https://www.cnbc.com/2019/05/08/trump-defends-tax-tactics-after-nyt-story-says-he-racked-up-more-than-1-billion-in-losses-it-was-sport.html

      EDIT: As an aside, I got into a wee bit of trouble because my wife's (very) small business lost money three years running. The accountant that I worked with informed me that if a business losses $ three years in a row, the IRS considers it a "hobby" and you can't subtract those losses from your personal taxes. Is that in play with Trump at all? If not, why not?

      EDIT2: I'm going to answer my own question I think. I heard a good segment on NPR yesterday that addressed my question. You can read the transcript here: https://www.npr.org/2019/05/08/721552462/president-trump-defends-himself-against-report-he-did-not-pay-taxes-for-8-years

      The bottom line is it's not so unusual but it doesn't exclude the possibility of him running his businesses poorly either. So I think it's not really what the headlines have made it out to be.

      14 votes