Hillary Clinton Avoided Taxes the Same Way Trump Did
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Thread: Hillary Clinton Avoided Taxes the Same Way Trump Did

  1. #1

    Hillary Clinton Avoided Taxes the Same Way Trump Did

    Hillary Clinton Avoided Taxes the Same Way Trump Did
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    Hillary Clinton used the same exact method as Donald Trump to pay less tax, according to her own tax returns released by her presidential campaign.
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    Donald Trump reportedly avoided paying federal income taxes by reporting massive losses on his 1995 tax return, which the New York Times somehow obtained before Trump himself released it.
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    The Wall Street Journal describes the loophole that Trump used:
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    The tax treatment of losses, bound to become a subject of national debate, is a typically noncontroversial feature of the income-tax system. The government doesn’t pay net refunds when business owners lose money, but it lets taxpayers use those losses to smooth their tax payments as they make money. That reflects the fact that “the natural business cycle of a taxpayer may exceed 12 months,” according to a congressional report.
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    Typically, for federal returns, such net operating losses can be carried backward for two years to offset past income and then kept on a taxpayer’s books for 20 years, though Mr. Trump’s losses could only qualify for a 15-year carryforward under the law at the time.
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    The Clinton campaign has hammered Trump on his unreleased tax returns. When pundits on cable news now refer to the “Taxes” issue, they’re usually talking about Trump’s personal “taxes” issue, not the taxes paid by American voters.
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    But the Zerohedge blog first noticed something that could undercut Clinton’s ability to hit Trump on his “net operating losses.”
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    Clinton’s 2015 tax returns reveal that Hillary Clinton also reported capital gains losses in order to lessen her tax burden through a “carryover.”
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    Page 17 of the tax returns show “Capital Gains and Losses” for “WILLIAM J CLINTON & HILLARY RODHAM CLINTON.”
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    The Clintons reported a “Long-term capital loss carryover” of $699,540.
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    Thus, the Clintons reported a “Net long-term capital gain or (loss)” of “-699,540.”
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    Read More:
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    Hillary Clinton Avoided Taxes the Same Way Trump Did - Breitbart
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    My Thoughts:
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    Does the term Hypocritical come into play with Hillary going after Trump? I would say so. We all know everything was done legally on both parts to this story, so to go after Trump for doing the very same thing that she did, is like I said, Hypocritical.
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    The one thing I have a problem with is the Clintons using a donation for a charity deduction when they gave over $100,000 to the Clinton Foundation for a tax deduction.
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    Even though it's legal, giving your foundation a donation, is just like giving yourself the money, in this circumstances, since it's been proven that the Foundation ONLY used 5.7% of the donations for charity distributions and using the remaining money for various privet jet rides for the Clintons and high value people who have donated to them.
    The only easy day was yesterday
    Dedicated to my brother in law who died
    doing what he loved being a Navy SEAL

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  3. #2
    The tax laws are for everyone. They are what they are. you either use them to your benefit or you don't. I'm willing to bet there aren't any of you that pays more taxes than you are suppose to. How often do you have your taxes done and it comes out even, you don't owe any or get some back, and then you say well charge me a extra thousand dollars. I think the answer is none. So what's the big deal about Trump and Clinton's taxes. Get a life.

  4. #3
    It's the hypocrisy that rubs me the wrong way with Hillary.
    The only easy day was yesterday
    Dedicated to my brother in law who died
    doing what he loved being a Navy SEAL

  5. #4
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    It isn't just HilLIARy but also her running mate, Kaine. Glad I didn't go to the local deli here yesterday as Bill the sex offender was here.
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  6. #5
    So the Donald lost almost a billion of his money in a real estate/casino venture. Hillary on the other hand "misplaced" 6 Billion dollars of your tax money as Secretary of State and it has never been found. Maybe she gave it to the Clinton Foundation?

  7. Quote Originally Posted by SR9 View Post
    So the Donald lost almost a billion of his money in a real estate/casino venture. Hillary on the other hand "misplaced" 6 Billion dollars of your tax money as Secretary of State and it has never been found. Maybe she gave it to the Clinton Foundation?
    Not so hard to hide your tracks when you have so many covering them.

  8. #7
    96 Percent Of Hillary’s Charitable Donations In 2015 Went To Clinton Foundation
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    By: Chuck Ross
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    Hillary Clinton and her husband Bill deducted $1,042,000 in charitable contributions last year — $1 million of which went to their own family non-profit, the Clinton Family Foundation.
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    Clinton released her tax forms on Friday in a move that is seen as a way to pressure Donald Trump to release his taxes. The GOP nominee has refused to release the records, saying that he is under a routine audit.
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    The documents show that the power couple earned $10,745,378 last year, mostly on income earned from giving public speeches.

    (Correction: This article initially identified the Clinton non-profit that received the bulk of the Clintons’ charitable donations as the Clinton Foundation. The $1 million contribution actually went to the Clinton Family Foundation. The Clintons control the entity, but it is separate from the Clinton Foundation.)
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    Read more: 96 Percent Of Hillary's Charitable Donations Went To Clinton Foundation | The Daily Caller
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    My Thoughts:
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    As you can see the Clintons have donated money to their own foundation and were able to use it as a tax deduction, although it’s legal, it’s like Hillary donating money and getting a tax deduction one one hand and Bill putting the donated money in his pocket.
    The only easy day was yesterday
    Dedicated to my brother in law who died
    doing what he loved being a Navy SEAL

  9. #8
    Mark Cuban Bashes Trump For Avoiding Taxes, Then This Shows Up On His Tax Filing.
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    Mark Cuban, billionaire Clinton supporter, recently criticized Donald Trump for taking advantage of the same kind of tax loophole Cuban took advantage of just years later.
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    The New York Times revealed a $916 million loss in Trump’s 1995 tax records and the fact that he could have used the loss to reduce taxes for the following 18 years. Trump may have “carried forward” his claimed loss of $916 million in income taxes to reduce his future tax burden.
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    The news comes as Trump has refused to release his tax returns to the public.
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    Cuban, in a CNN interview, slammed Trump for exploiting the tax code, called paying taxes “patriotic,” and bragged about his own refusal to take advantage of tax breaks.
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    It seems that Cuban’s business possibly did something similar to what Trump is accused of—claiming millions in losses to offset future taxation.
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    In 1998, Broadcast.com, a company that Cuban was both President and Chairman of the Board of at the time, claimed loss carry forwards of more than $10 million for 1997.
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    Read More:
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    Mark Cuban Bashes Trump For Avoiding Taxes, Then This Shows Up On His Tax Filing | The Proud Conservative
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    My Thoughts:
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    Mark Cuban attacked Trump for his LEGAL use of the tax system...Turns out, Cuban is a hypocrite, just like Hillary!
    The only easy day was yesterday
    Dedicated to my brother in law who died
    doing what he loved being a Navy SEAL

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