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So it was an October Surprise A Day, like an Advent calendar but for crime.

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You are here: Home / Past Elections / Election 2016 / Late Night Whodunit Open Thread: October Surprise Already?

Late Night Whodunit Open Thread: October Surprise Already?

by Anne Laurie|  October 2, 20162:45 am| 200 Comments

This post is in: Election 2016, Hail to the Hairpiece, Open Threads, Republicans in Disarray!, Ever Get The Feeling You've Been Cheated?, Schadenfreude

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Trump: "Pundits, most of them aren’t worth the ground they’re standing on, some of their ground could be fairly wealthy ground, good ground" pic.twitter.com/ywkfgbSZeF

— Sopan Deb (@SopanDeb) October 2, 2016

Trump, letting go of his meagre moiety of marbles…

Trump's 1995 taxes show a $916 million loss, suggesting he could have paid no federal taxes for up to 18 years https://t.co/kedGabJpxe

— The New York Times (@nytimes) October 2, 2016

Based on return address/number of disparate pages, at least someone in Trump Tower appears to have issues w him https://t.co/hNEbusF1Kw

— Maggie Haberman (@maggieNYT) October 2, 2016

RYAN: So the question is: who would want to hurt Donald Trump?
(silence)
CHRISTIE: (laughs)
RYAN: (laughs)
CONWAY: (laughs)
RYAN: srsly tho

— Owen Ellickson (@onlxn) October 2, 2016

Yesterday, one of the NYTimes‘ least explicable hires, Alessandra Stanley, got some prime space in the ‘Fashion & Style’ section to discuss, in the most anodyne possible terms, “The Other Trump“…

"Tiffany did not consent to be interviewed for this article, although she did pose for its photo shoot." https://t.co/phaZVPcOfN

— Olivia Nuzzi (@Olivianuzzi) October 1, 2016

… For much of the campaign, except for a brief speech at the Republican National Convention, Tiffany — Donald J. Trump’s daughter with his former wife Marla Maples — has been the B-list Trump, off to the side in family photos and missing from the campaign trail and that now-infamously spooky ad aimed at the millennial vote.

She was left out of the biographical documentary of Mr. Trump shown at that convention and was unmentioned in news articles that detail the advice his three older children are doling out as the race gets tighter…

As the campaign grapples with the post-debate firestorm Mr. Trump started by fat-shaming a former Miss Universe, his youngest daughter may be around a lot more. He could use an extra young woman in his corner.

Mr. Trump’s team appears to be grooming Tiffany — gingerly — to pitch in on the campaign trail in the coming weeks, particularly with millennials. Her Instagram feed, which in the past was dotted with party shots of her and a group of close friends who have been called the “Snap Pack,” has been cleaned up, and her Twitter account largely restricted to campaign photos and a fund-raising pitch by Tiffany, and steering clear of any Skittles-like controversies.

Tiffany, according to her mother, has felt wounded by the media depictions of her as the forgotten Trump and is eager to help out on her father’s campaign as it heads into its final six weeks…

My speculation is that Marla Maples leaked the 1995 tax return. They were married at the time and filed jointly.

— Wyeth Ruthven (@wyethwire) October 2, 2016

If the Trickster God were a better scriptwriter, one could easily imagine the jump cut to Marla on the phone, yelling “We had an agreement, Donald — that you’d keep Marla Tiffany out of your dirty business!”

It would be kinda awesome if it was her https://t.co/ORUVJahrgC

— Dana Houle (@DanaHoule) October 2, 2016

Also do you think the NYT posted this on Sat Oct 1 so that no one had used up their ten free articles for the month?

— Jeff O'Neal (@thejeffoneal) October 2, 2016

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Reader Interactions

200Comments

  1. 1.

    inventor

    October 2, 2016 at 2:54 am

    How could anybody lose that much money IN THE 1990’s?

    Huuuuuge incompetence, really tremendous incompetence, the best incompetence in the world!

  2. 2.

    Major Major Major Major

    October 2, 2016 at 2:55 am

    Ha. heh. Oh man, what a fun story.

    Love the last tweet.

    So, I’ve been playing with the balloon-juice corpus again. The two most popular 3-word phrases are “a lot of”, and “@adam l silverman”.

  3. 3.

    redshirt

    October 2, 2016 at 2:56 am

    Trump fans will spin this as a win. The remaining 73% will strive to justify it in some manner.

  4. 4.

    Bess

    October 2, 2016 at 2:59 am

    “if we don’t win on November 8th”

    “I have tens and tens of millions of dollars”

    Did Donald slip up and let a little reality slip into his thinking?

  5. 5.

    Major Major Major Major

    October 2, 2016 at 3:05 am

    Drudge’s headline right now is about a hurricane that isn’t moving or going to hit the US or anything.

    EDIT: One more thing! Sam Wang wants you to vote on this debate question about gerrymandering.

  6. 6.

    ted mills

    October 2, 2016 at 3:11 am

    What if it actually turned out to be the housekeeper?

  7. 7.

    bluehill

    October 2, 2016 at 3:16 am

    This is an interesting take on a potentially bigger issue with Trump’s treatment of his business losses.

    There is an issue here. Donald Trump did not repay all the debt associated with those investments. Either the loss is a real loss and the Donald was really was out of pocket by $916 million (in which case he has legitimate NOLs) or the loss was passed on to someone else by The Donald defaulting on debt – in which case Donald Trump should be assessed for income from debt forgiveness.

    After all if the debt is forgiven it is not Donald Trump’s loss. The loss is borne by the person who lent Donald money and did not get it back. That – clearly stated by example – is why most income tax systems assess debt forgiveness as income./blockquote>

  8. 8.

    Major Major Major Major

    October 2, 2016 at 3:19 am

    @ted mills: Or the racist butler?

  9. 9.

    Arclite

    October 2, 2016 at 3:27 am

    I don’t understand how a loss in the 90s can keep you from paying taxes decades later.

  10. 10.

    Shalimar

    October 2, 2016 at 3:30 am

    I don’t have any idea who turned over the tax info originally, but it is obvious who mailed those 3 pages to the NYTimes: The Clinton campaign. Her oppo research turned up someone with Trump’s tax returns who was happy to share with them. That is why Clinton could state so confidently during the debate that Trump doesn’t pay taxes. That was the biggest trap, not Machado. Within days of the debate, the first tax return leak arrives at the Times office.

    There will be more. If it was an individual with a grudge against Trump leaking to the Times, they would have sent everything they have. Likewise, it seems unlikely that anyone with a grudge against Donald would only have a few pages from the most damaging return. Only the Clinton campaign (and the newspapers that get the returns) benefits from having the returns leaked one year at a time.

  11. 11.

    Cckids

    October 2, 2016 at 3:33 am

    @Arclite: You can carry the loss forward & apply it to a newer year’s tax bill, until the amount is used up.

  12. 12.

    Mai.naem.mobile

    October 2, 2016 at 3:33 am

    Roger Stone and Frank Luntz are tweeting quite breathlessly about Wikileaks dropping a Hilz leak on Wednesday.

  13. 13.

    hellslittlestangel

    October 2, 2016 at 3:34 am

    So Tiffany is Little Gloves’ fourth-born offspring? I guess with his attention-span, he got bored with his children by then. Baron’s lucky he’s a boy, or he’d have been left at the Mar A Lago lost and found by now.

  14. 14.

    TS

    October 2, 2016 at 3:35 am

    @Shalimar: You seem to think the Clinton campaign is full of the same type of fools as the Trump campaign. There is NO way ever that anyone from the Clinton camp would touch those pages. They are sane & intelligent people.

  15. 15.

    amk

    October 2, 2016 at 3:39 am

    the so-called spin meister

    Frank Luntz ‏@FrankLuntz 3h3 hours ago

    For starters: Trump’s taxes never triggered an FBI investigation.

    How was he even considered a guru beats me.

  16. 16.

    dm

    October 2, 2016 at 3:40 am

    I guess this makes Donald Trump part of Mitt Romney’s “47% who pay no (federal income) taxes”.

  17. 17.

    amk

    October 2, 2016 at 3:40 am

    More desperation.

    Frank Luntz ‏@FrankLuntz 4h4 hours ago

    FWIW: The NYT’s headline says “could have avoided paying taxes.”

    So, it’s also possible Trump could have paid his taxes in following years.

  18. 18.

    amk

    October 2, 2016 at 3:41 am

    @Shalimar:

    but it is obvious who mailed those 3 pages to the NYTimes: The Clinton campaign.

    her campaign is not that dumb.

  19. 19.

    Villago Delenda Est

    October 2, 2016 at 3:45 am

    @redshirt: Drumpf fans are the common clay of the New West.

  20. 20.

    Villago Delenda Est

    October 2, 2016 at 3:46 am

    @amk: Well, Frank, we’ll never know unless he releases all his taxes, now will we? Because he cannot be trusted without authentic documentary evidence.

  21. 21.

    Major Major Major Major

    October 2, 2016 at 3:56 am

    SNL opened with a debate skit. It’s amusing.

  22. 22.

    Villago Delenda Est

    October 2, 2016 at 3:57 am

    @amk: ZOMG, the man is of the common clay of the New West, too.

    /bangs head on desk.

  23. 23.

    amk

    October 2, 2016 at 3:57 am

    Edward-Isaac Dovere
    ✔
    @IsaacDovere

    As the Trump team bores down into this “obtained illegally” point re the taxes, remember how gleefully they’ve pushed all the hacked emails

  24. 24.

    Brachiator

    October 2, 2016 at 4:02 am

    @bluehill: The Bronte Capital blog entry is great and gets right to the heart of things.

    If Trump has a $900 million plus net operating loss, he is not a terrifically successful businessman. But the losses are huge, but understandable. But if he is pulling something to hide cancellation of debt income, now that would be some audacious shit.

  25. 25.

    Arclite

    October 2, 2016 at 4:07 am

    @Cckids:

    @Arclite: You can carry the loss forward & apply it to a newer year’s tax bill, until the amount is used up

    Jesus, that sounds like a pretty big loophole.

  26. 26.

    Mike J

    October 2, 2016 at 4:15 am

    Holy moley. Bad news for Lewis Hamilton.

  27. 27.

    Joyce H

    October 2, 2016 at 4:19 am

    Wyeth Ruthven @wyethwire

    My speculation is that Marla Maples leaked the 1995 tax return. They were married at the time and filed jointly.

    Or here’s a fun speculation. Maybe it wasn’t Marla, maybe it was Tiffany. Getting back at Daddy for a lifetime of neglect.

  28. 28.

    Villago Delenda Est

    October 2, 2016 at 4:24 am

    @Joyce H: Best I can tell, Tiffany and Barron are not the same nature as Uday, Qusay, and Lolita.

  29. 29.

    Joyce H

    October 2, 2016 at 4:27 am

    @Villago Delenda Est:

    Best I can tell, Tiffany and Barron are not the same nature as Uday, Qusay, and Lolita.

    Okay, maybe revenge isn’t the motive. Maybe she simply knows enough about Daddy Dearest to know what a disaster he’d be as President. Maybe Tiffany saved the world! I’m just saying, if Marla has copies of that return, well, Tiffany grew up in the same house, and a curious kid can find things.

  30. 30.

    Steeplejack

    October 2, 2016 at 4:27 am

    @Arclite:

    From the Times article:

    Under IRS rules in 1995, net operating losses could be used to wipe out taxable income earned in the three years before and the 15 years after the loss. (The effect of net operating losses on state income taxes varies, depending on each state’s tax regime.)

    Earlier in the article:

    Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years.

    That could have covered the three previous years (1992-94) and the 15 years after—up to 2009 or 2010, depending on when the 15-year period starts.

  31. 31.

    Villago Delenda Est

    October 2, 2016 at 4:31 am

    @Joyce H: It’s highly plausible that Marla did have copies of the returns, and keeping in mind that she elected to live on the other side of the continent after the divorce, and well, we’ve got a more solid basis to wildly speculate about the Maples household in this case than anyone does about anything any of the Clintons might be involved in.

  32. 32.

    Major Major Major Major

    October 2, 2016 at 4:32 am

    @Steeplejack: the fuck do we have that rule for?

  33. 33.

    Villago Delenda Est

    October 2, 2016 at 4:38 am

    Oh…shouldn’t that quote be “We had an agreement, Donald — that you’d keep Tiffany out of your dirty business!”

  34. 34.

    Anne Laurie

    October 2, 2016 at 4:39 am

    @hellslittlestangel:

    Baron’s lucky he’s a boy, or he’d have been left at the Mar A Lago lost and found by now.

    I’m a cynic; I assume Melania had ‘shall be permitted to bear one child’ written into her pre-nup. Not as an anchor baby for citizenship, but as a guarantee that she couldn’t be completely cut out of the Trump estate once the old man wheezed his last. (Twelve years ago, how was she to know he’d blow the wad on a vanity presidential campaign?)

  35. 35.

    Helen

    October 2, 2016 at 4:44 am

    Stolen from Jon Lovett on Twitter:

    “It was Ms. Maples in Trump Tower with the tax return”.

    Payback’s a bitch, Donald.

  36. 36.

    Steeplejack

    October 2, 2016 at 4:45 am

    @Major Major Major Major:

    I am not a lawyer and I’m not a CPA, but I do know that real-estate accounting is extremely twisted even by the twisted standards of twisted business accounting. I’ll defer to the experts who may weigh in, but I think it has its roots in the idea that the (high-end) real-estate business is riskier and more volatile than “normal” business and that the players need the tax cushions to see them through the boom and bust cycles. And, like everything in the tax code, it has mutated and metastasized from there.

  37. 37.

    Steeplejack

    October 2, 2016 at 4:49 am

    @Anne Laurie:

    Ellickson has been killing it in “WORDS!!!” I am loving all the little side notes—Guggo and the clown army, Roger Ailes as an eldritch horror, Boehner baiting Paul Ryan from retirement, even the gratuitous but regular slamming of Scott Adams. I’ve gotten addicted to checking the feed.

  38. 38.

    cokane

    October 2, 2016 at 4:50 am

    @Arclite: read the article, perhaps

  39. 39.

    David Fud

    October 2, 2016 at 5:12 am

    @Steeplejack: Losses apply to anything, not just real estate. If you lose a bunch of money on the stock market, you can have the same situation. The losses only apply to capital gains, so he would be looking for ways to maximize capital gains for a really long time. And he would likely be able to bring on capital partners into his projects on a more competitive basis, knowing that he wouldn’t pay taxes… Might make up for his tendency to stick others with the bankruptcies and bills.

  40. 40.

    Brachiator

    October 2, 2016 at 5:24 am

    @Steeplejack:

    I’ll defer to the experts who may weigh in, but I think it has its roots in the idea that the (high-end) real-estate business is riskier and more volatile than “normal” business and that the players need the tax cushions to see them through the boom and bust cycles.

    A net operating loss is available to any business; it is not something that is specific to real estate.

    An earlier poster had a link to a blogger who questioned whether Trump legitimately had an NOL. This is where sharp, or dubious, accounting may come into play.

  41. 41.

    Brachiator

    October 2, 2016 at 5:28 am

    @David Fud: Capital losses, as from a stock sale, are not the same thing as a net operating loss.

    And unless you have capital gains to offset capital losses, the most you could deduct in any one year would be $3,000. The remainder would carry forward.

  42. 42.

    David Fud

    October 2, 2016 at 5:34 am

    @Brachiator: Need coffee. You are correct.

  43. 43.

    MattF

    October 2, 2016 at 5:38 am

    @Mai.naem.mobile: Roger Stone and Frank Luntz are about the two least believable people I can think of. Well, there’s also Assange.

  44. 44.

    amk

    October 2, 2016 at 6:06 am

    @Mike J: Yup, them merc boys have been fucking with Hamilton all season. Wonder why.

  45. 45.

    Chris T.

    October 2, 2016 at 6:13 am

    @Arclite: The details get complicated, but yes, it’s quite a convenient loophole for businesses.

    As others have mentioned, there are equivalent loopholes for individuals when dealing with capital gains and losses (from buying and selling stocks and bonds, mainly). These get classified as “short” and “long” term and you can only cancel gains with like-kind losses. As a somewhat odd result, this means that if you bought (say) DD and T (DuPont and AT&T) some years ago and DD has gone from $30 to $60 while T has gone from $40 to $35 and you need to sell things to raise cash, you may wish to sell enough of T (if you can) to turn the -$5/share into an equal amount as the +$30/share on DD, so that you owe no taxes on the overall transaction.

    A separate rule, called the “wash sale” rule, is used to attempt to keep people from simply selling something and then buying it back again the next day in order to game the tax system. The wash sale rule says you may not buy something “equivalent” for 30 days in order to harvest the tax loss. As a hack around the wash sale rule, people used to do something called “shorting against the box”, which is now also illegal. However, you can build a synthetic short using options, and that particular mole has never been whacked, as far as I know.

    (I have played this very game myself. It used to be a sort of Full Employment Act for accountants, but these days computer programs make it easier to do on one’s own. It’s also important for the person playing the game to remember that this end of year tax optimization is merely the tail: it should not wag the dog, which is “make sound investments”. But ignoring the tail may mean one forks over an extra ten grand this year, instead of putting it off to another year. It tends to be a wash in the end, but money in hand now is worth more than money tomorrow, unless the environment turns deflationary.)

  46. 46.

    Tissue Thin Pseudonym

    October 2, 2016 at 6:49 am

    I’m not a CPA, but I did pass all of the exams.

    This isn’t a loophole, per se. You are supposed to pay taxes on your net income, and losses in a given year constitute negative net income. Say that you started working in Year A, then lost a lot of money in Year B. You paid taxes on all of the money you earned from Year A to Year B-1. The money you lost in Year B was, in this simplified example, all money that you had already paid taxes on. So, it stands to reason that your negative income in Year B would produce a negative tax liability. The tax code won’t let you get a payment from the government for that negative liability, but it does let you carry it forward. Money you earn from Year B+1 to B+18 can be credited against that loss, until they are equal. So, you will have paid taxes on all of your net income, unless you have less income over those years than the loss. If that happens, you’re just out of luck.

    Now, there are all sorts of games that can be played trying to generate paper losses that don’t really hurt you. The 1986 tax reform got rid of some of the most egregious, but they’re are still some there. Brachiator is focusing on Net Operating Loss, which is harder to game than bottom line Net Income, but far from impossible. And there’s the question of debt forgiveness on top of that, which isn’t gaming but could be flat out tax fraud.

  47. 47.

    raven

    October 2, 2016 at 6:51 am

    @Chris T.: So it’s like me dumping a ton salary into tax deferred to lower my taxes?

  48. 48.

    low-tech cyclist

    October 2, 2016 at 6:53 am

    Trump: “Hillary Clinton…thinks that people who vote for and follow us are and irredeemable. I don’t think so. I don’t think so. We have the smartest people. We have the sharpest people. We have the most amazing people.”

    And according to a reporter interviewed by Claire Landsbaum of New York magazine, they routinely have people going Full Brownshirt:

    “I think you don’t realize the emotional cost of every single day, twice a day, being in rooms where the norm has become people shouting out, ‘Hang the bitch,’ ‘Kill her,’ ‘Cunt,’” the second reporter said. “You shouldn’t be at the point where you hear ‘Cunt’ and you think, Oh, they’re angry at Hillary, or you hear ‘Bitch,’ and you’re like, Oh, they’re talking about our former secretary of State.”

    This was in a piece about what it’s like to be a woman reporter covering the Trump campaign, but Landsbaum (a) buried what should have been the lede, and (b) missed what looks like the bigger story here: that this is the shit that is routinely going on at Trump rallies, and apparently nobody’s calling these people out.

    If this quote reflects what’s really going on, then Hillary’s ‘basket of deplorables’ comment, if anything, soft-pedaled the issue.

  49. 49.

    amk

    October 2, 2016 at 7:02 am

    The moneyquote (pun intended) from the nyt piece.

    The $916 million loss certainly could have eliminated any federal income taxes Mr. Trump otherwise would have owed on the $50,000 to $100,000 he was paid for each episode of “The Apprentice,” or the roughly $45 million he was paid between 1995 and 2009 when he was chairman or chief executive of the publicly traded company he created to assume ownership of his troubled Atlantic City casinos. Ordinary investors in the new company, meanwhile, saw the value of their shares plunge to 17 cents from $35.50, while scores of contractors went unpaid for work on Mr. Trump’s casinos and casino bondholders received pennies on the dollar.

    He scammed both his investors and his contractors and enriched his ugly ass while at the same time did not pay any taxes leaving the ordinary tax-payers, his so called ‘base’, holding the bag. And is simultaneously scamming the rubes with how the elites are screwing over the little guys like them vile rhetoric. A complete con man.

  50. 50.

    amk

    October 2, 2016 at 7:04 am

    shit, mod monster.

  51. 51.

    Kay

    October 2, 2016 at 7:07 am

    They were always gross deadbeats, though, the Trump Family. Every single thing they do points to “gross deadbeats”- this is just the tax portion.

    Does he really only pay himself 6,000 a year? Is that so he doesn’t have to pay withholding on a normal salary?

  52. 52.

    Chris T.

    October 2, 2016 at 7:08 am

    @raven: Well, the original concept (especially for business Net Operating Loss) is more to smooth out “lumpy” income: if you lose $200k in your first (startup) year (lots of expenses such as office equipment and leasing, hiring, whatever) and then earn $50k, $100k, $150k, -$-120k (big expansion), and $250k in the next five years, you can, in effect, spread your startup and expansion year losses out over a bunch of your gain years, and so on. (Incidentally, all this gets even more complicated since some items are Capital Equipment expenditures and some are Operating—but by mixing leasing with buying you can interconvert.)

    But in effect, more or less, yes. Of course as soon as you set up some complicated rules, someone will try to game them to their advantage.

  53. 53.

    amk

    October 2, 2016 at 7:09 am

    @Kay:

    The $916 million loss certainly could have eliminated any federal income taxes Mr. Trump otherwise would have owed on the $50,000 to $100,000 he was paid for each episode of “The Apprentice,” or the roughly $45 million he was paid between 1995 and 2009 when he was chairman or chief executive of the publicly traded company he created to assume ownership of his troubled Atlantic City casinos.

    Ordinary investors in the new company, meanwhile, saw the value of their shares plunge to 17 cents from $35.50, while scores of contractors went unpaid for work on Mr. Trump’s casinos and casino bondholders received pennies on the dollar.

  54. 54.

    low-tech cyclist

    October 2, 2016 at 7:10 am

    @Steeplejack:

    Ellickson has been killing it in “WORDS!!!” I am loving all the little side notes—Guggo and the clown army, Roger Ailes as an eldritch horror, Boehner baiting Paul Ryan from retirement, even the gratuitous but regular slamming of Scott Adams. I’ve gotten addicted to checking the feed.

    Yeah, I’m another one that’s gotten hooked on Owen Ellickson, thanks to Anne. (For those who want to get their fix directly, the feed is twitter.com/onlxn .)

  55. 55.

    Kay

    October 2, 2016 at 7:11 am

    If you think about how many people the Trumps have ripped off, there have to be a couple who have access to information.

  56. 56.

    Raven

    October 2, 2016 at 7:11 am

    @Chris T.: got it

  57. 57.

    Kay

    October 2, 2016 at 7:13 am

    It would probably be less damaging if he hadn’t have said all those bad things about other people not paying enough federal income tax. He ripped Obama for paying 20%. Not enough, according to Donald Trump.

  58. 58.

    Chris T.

    October 2, 2016 at 7:13 am

    @Kay:

    Does he really only pay himself 6,000 a year? Is that so he doesn’t have to pay withholding on a normal salary?

    I don’t know the actual and raw numbers, but yes.

  59. 59.

    Kay

    October 2, 2016 at 7:15 am

    Trump says the reason we have a budget deficit is because 50% of people don’t make enough to pay federal income taxes.

    People didn’t know he was including himself in that group.

  60. 60.

    amk

    October 2, 2016 at 7:18 am

    @Kay:

    The moneyquote (as it were) from nyt (which got modded out twice ‘cuz bad word)

    The $916 million loss certainly could have eliminated any federal income taxes Mr. Trump otherwise would have owed on the $50,000 to $100,000 he was paid for each episode of “The Apprentice,” or the roughly $45 million he was paid between 1995 and 2009 when he was chairman or chief executive of the publicly traded company he created to assume ownership of his troubled Atlantic City ca……s

  61. 61.

    Kay

    October 2, 2016 at 7:23 am

    @Chris T.:

    How does that get by the IRS? Ordinary small business people talk about that a lot- what to pay themselves as far as taxes. I’ve seen people who own one restaurant who pay themselves 40k and they’re worried that’s low- will trigger questions. Is this another special “rich” person exception? How fucking cheap are these people?

    Unemployed people are imputed at minimum wage X 40 in county courts- 16,100 in this state. It’s assumed everyone with a pulse can make 16,100 if they work 40 hours a week. Trump claims 6 and that’s okay with the IRS?

  62. 62.

    kd bart

    October 2, 2016 at 7:23 am

    Now we’re getting to why Romney & Trump were and are reluctant to release their tax returns. The Tax Code is full of nuggets that only benefit the super rich and will never be taken advantage of by 99.99% of us. They’re written by tax lawyers who have the connections to get them passed into law without anyone being wiser. They can be a couple of paragraphs tucked into 500 page bill which no one has the time to read and fully understand before passage. The things that they can legally get away with at their wealth level is what they don’t want to give up.

  63. 63.

    Joel

    October 2, 2016 at 7:25 am

    @Arclite: It’s not. But here’s where the capital gains / income system is rigged:

    If you take a loss on investments, you can deduct those losses as income (and the corresponding income tax rate applies).
    If you make gains on investments, provided those gains are from investments held for longer than a year, your income is taxed at the flat capital gains rate.

    In other words, a classic moral hazard (by design, I should add).

  64. 64.

    amk

    October 2, 2016 at 7:25 am

    The decades long trump scam indicates utter failure of IRS and SEC. How could such a con man, who was fleecing his investors, go on and open so many publicly traded companies, scam charities, scam university etc.

  65. 65.

    rikyrah

    October 2, 2016 at 7:26 am

    @Mai.naem.mobile: I bet they are
    LOL

  66. 66.

    rikyrah

    October 2, 2016 at 7:28 am

    @Major Major Major Major:
    Baldwin nailed Ferret Head

  67. 67.

    Joel

    October 2, 2016 at 7:33 am

    @Major Major Major Major: basically to promote investment. It reduces the downside risk so that people will lend (via investing) more. It actually works although it’s not without substantial downside.

  68. 68.

    Brachiator

    October 2, 2016 at 7:34 am

    One more thing. Trump’s tax return shows interest income of $7.3 million. Let’s say that the interest rate on savings in 1995 was 3.5 percent. This might mean that Trump had $211 million in the bank, in the year in which he paid no income tax.

  69. 69.

    Chris T.

    October 2, 2016 at 7:36 am

    @Kay:

    How does [his low self-salary] get by the IRS?

    Apparently the answer is “it doesn’t”: he gets audited every year.

    But, presumably, the amount he saves on taxes, by having his corporations pay for his cars, helicopters, houses, etc., is less than the amount he pays his lawyers to file paperwork proving that yes, his salary really is that low.

    This is how the game works: say it costs 1 million of your “controlled-by-you” dollars to set up some tax shelter. If you’re a 99%er, with your total real income (AGI) at $4 million or lower, this is not worthwhile: your total Federal tax is well under $1.5 million, probably even under $1 million. Why pay $1M to save at most $1M?

    But if you’re a 1%er with an AGI that would be $250 million this year, your total Federal tax might run around $50 million (20% of $250M). So you take the $1M hit to set up that tax shelter. After sheltering, your Federal tax is on a newly computed AGI of $10 million, instead of $250 million. If you pay a net effective rate of 20%, your tax is now $2M. Add the $1M and you’ve paid $3M, instead of $50M. You just saved yourself $47M!

    OK, it comes with some headache: you get audited and pay expensive lawyers another $2M. Your net savings that year is down to $45M. Oh no! How will you ever survive on just $45M of dubious extra income?

  70. 70.

    Brachiator

    October 2, 2016 at 7:41 am

    @kd bart:

    . Now we’re getting to why Romney & Trump were and are reluctant to release their tax returns. The Tax Code is full of nuggets that only benefit the super rich and will never be taken advantage of by 99.99% of us.

    This is not necessarily the case. A small business owner can take advantage of net operating losses as can a rich guy like Trump.

    That said, these 3 pages are not enough to get the full picture of what Trump did to rack up these huge losses.

  71. 71.

    amk

    October 2, 2016 at 7:45 am

    @Brachiator:

    A small business owner can take advantage of net operating losses as can a rich guy like Trump.

    Really? How? Unless the small business owner can afford expensive lawyers and accountants to show him these nuggets, these nuggets are for the eyes of rich only. Nice false equivalence though.

  72. 72.

    Chyron HR

    October 2, 2016 at 7:48 am

    @amk:

    Really? How?

    There’s literally a line on the form where you can apply your “Net Operating Losses” from other years. It’s not a super-secret rich people scam.

  73. 73.

    amk

    October 2, 2016 at 7:49 am

    @Chyron HR:

    “Net Operating Losses” – That’s where the catch/loophole is.

  74. 74.

    Gindy51

    October 2, 2016 at 7:53 am

    @Steeplejack: Here is the statute he profited from (not paying taxes on your income in my mind is pure profit):

    (a) Deduction allowed
    There shall be allowed as a deduction for the taxable year an amount equal to the aggregate of (1) the net operating loss carryovers to such year, plus (2) the net operating loss carrybacks to such year. For purposes of this subtitle, the term “net operating loss deduction” means the deduction allowed by this subsection.
    (b) Net operating loss carrybacks and carryovers
    (1) Years to which loss may be carried
    (A) General ruleExcept as otherwise provided in this paragraph, a net operating loss for any taxable year—
    (i) shall be a net operating loss carryback to each of the 2 taxable years preceding the taxable year of such loss, and
    (ii) shall be a net operating loss carryover to each of the 20 taxable years following the taxable year of the loss.

    (26 U.S.C. 172)

    22 years not 18.. worse than what the other folks are saying!

  75. 75.

    Chyron HR

    October 2, 2016 at 7:53 am

    @amk:

    Have you tried considering the possibility that you might just be wrong?

  76. 76.

    Vhh

    October 2, 2016 at 7:56 am

    Just checked Drudgereport and Breitbart at 750 am. Zero coverage of Trump tax outing. Misleading articles on Hillary’s talk about plight of millenials still living with parents. Reminds me of when I used to read Pravda while going to work on the Moscow subway in 1977.

  77. 77.

    RSA

    October 2, 2016 at 7:56 am

    @ted mills:

    What if it actually turned out to be the housekeeper?

    The housekeeper in the library with the handheld scanner…

  78. 78.

    Kay

    October 2, 2016 at 7:59 am

    @amk:

    The decades long trump scam indicates utter failure of IRS and SEC. How could such a con man, who was fleecing his investors, go on and open so many publicly traded companies, scam charities, scam university etc.

    To me it isn’t that so much- it’s the success of his thirty year PR campaign where he managed to palm himself off as a successful businessperson.

    He has been using media for 30 years, really effectively. Go back and look at the clips of Trump in the gym with that sad 19 year old Miss Universe. He is surrounded by media. How is a promo for his stupid pageant “news”? What, exactly, was his claim to celebrity prior to the reality tv show? WHY did they slavishly cover him?

  79. 79.

    amk

    October 2, 2016 at 8:03 am

    @Kay: These oversight and tax agencies actually see his numbers and have the power to act on them, unlike the bright object chasing media.

  80. 80.

    JMG

    October 2, 2016 at 8:14 am

    @Kay: True story: Although I didn’t see him, I covered Trump for one day in 1987 as a Boston sportswriter. There was a court battle for ownership of the Patriots, who were years away from Bob Kraft owning them, between the broke owners, the Sullivan family and an equally broke plaintiff, Fran Murray. Their lawyers, the two smartest and highest-paid lawyers in the city, were pretending to fight while joining forces to find a buyer with real money. One day they announced they needed a recess so everybody could fly down to NYC to meet with Trump. They said his name like the townsfolk in Blazing Saddles said “Randolph Scott.” The judge bought it completely. In the event, Some very smart people, not just the media, bought Trump’s image of endless wealth. In the event, he didn’t buy. Maybe he knew he couldn’t pass the NFL audit of his finances.

  81. 81.

    trnc

    October 2, 2016 at 8:20 am

    We have crowds like these wherever we go. We have these massive crowds. And some call it the greatest phenomena they’ve ever seen politically in there lives.

    Really? Seems to me someone else managed to get big crowds for his political speeches.
    http://hitler-didnothing-wrong-blog.tumblr.com/image/37459543746

    Yes, I purposely chose a source that I assume was created by a supporter of the sherbert shitshow.

  82. 82.

    NickM

    October 2, 2016 at 8:28 am

    Sounds like Trump was having a mental breakdown about this last night. Full bore crazy https://www.washingtonpost.com/news/post-politics/wp/2016/10/02/as-news-of-trumps-taxes-broke-he-goes-off-script-at-a-rally-in-pennsylvania/“rel=”nofollow”

  83. 83.

    Iowa Old Lady

    October 2, 2016 at 8:30 am

    I’m looking at gifs of Trump physically mocking Clinton’s pneumonia collapse the way he did that reporter.

    Go sit in the corner, Donny. Don’t come out until you can tell me what you did wrong.

  84. 84.

    trnc

    October 2, 2016 at 8:34 am

    The tax return story is at the top of the Google News page right now. I wish I could post an image.

  85. 85.

    trnc

    October 2, 2016 at 8:46 am

    “It seems that Trump may have been part of Mitt Romney’s infamous ‘47 percent,’” Thorndike said.

    Read more: http://www.politico.com/story/2016/10/donald-trump-tax-records-new-york-times-229012#ixzz4Lvnt4mup

    I hope someone manages to put this quote in front of the mango menace. Should be good for a retaliatory tweetstorm.

  86. 86.

    scav

    October 2, 2016 at 9:02 am

    Sure, maybe nothing illegal. But lay off the boasts of superior business knowlege orange boy, the “l’m the only one, the single savior that understands money and tax loopholes so I can fix them, only me.” You’re one of a job-lot of losers, actual losers (especially in your case, to the tune of how much again?) to play these dodges, you are sooooo not unique wthe the knowlege. It’s your lawyer/accountants that know the details, in this exact instance, it’s one of your Dad’s lawyer/accountants that you got handed along with that “small” loan. (The losses making the whole gravy train work, those seem legitimatetly all yours, how high were they again?). And you did it all unselfishly because of your responsibility to your children and employees. Was it that same noble sense of responsibility that drove you to stiffing contractors, not paying bills and abusing employees in various fashions? You pious hero. Funny how all the stgmata of your superior heroism alwys end up as extra cash in your pocket, but you are sooo not unique in this, except maybe in the scale of the long brag and maybe losses.

  87. 87.

    D58826

    October 2, 2016 at 9:04 am

    @Shalimar: If true the Putin better watch out for Prez Hilz – he will wake up one morning with the head of a horse in his bed.

  88. 88.

    Matt McIrvin

    October 2, 2016 at 9:16 am

    @Vhh:

    Misleading articles on Hillary’s talk about plight of millenials still living with parents.

    I’m actually a bit shocked at how little traction that bullshit is getting outside of the right-wing echo chamber, and a few Buster concern trolls on the blogs. Two weeks ago it’d have been splashed all over the headlines as the “both sides” counter to all the negative Trump stories. Something changed.

  89. 89.

    John Tully

    October 2, 2016 at 9:17 am

    The stand-up comedian, actress and “Real Time” show regular Sarah Silverman stopped by Friday night to Bill Maher’s weekly HBO program.
    She answered a few Bernie Sanders questions and Mr. Maher congratulated her for officially becoming a “Pundit”
    “F- you!” she replied. Then – with a grin on her face -“Oh never mind…”
    She famously implored “Bernie-or-Busters” to vote for Hillary in November when she spoke at this year’s 2016 Democratic Convention the last week of July.
    ~ Quotes ~
    “Trump is the product of a long tradition of pointing at other people and accusing them of doing what you’re doing”…
    “There’s no one more Bernie than me”
    “Bernie needs an ally in office”
    “I’m so inspired everyday by Bernie Sanders”
    “Don’t show my neck. My neck goes crazy when I have passion…”
    — Sarah Silverman :: appearing on Real Time With Bill Maher September 30th 2016 —
    https://goo.gl/1xQCqH

  90. 90.

    Baud

    October 2, 2016 at 9:21 am

    @Matt McIrvin: I haven’t read the original transcript, but others have said that Hillary is actually quite empathetic to Bernie voters if you see what she said in context, contrary to the reporting.

  91. 91.

    D58826

    October 2, 2016 at 9:21 am

    @Matt McIrvin: @Matt McIrvin: The debate. 80 million people saw Trump in all of his inglorious splendor. ‘Both sides do it’ doesn’t fly.
    And the hotel opening press conference a week or so ago. Media got conned in public and they are not amused. Payback time..

  92. 92.

    mike in dc

    October 2, 2016 at 9:25 am

    Trump has had one hell of a bad week: Bad debate performance, the Miss Universe thing, the charity thing, the Cuba thing, the tax thing, even a story that Trump tried to coax Marla Maples into posing for Playboy(she refused) while they were married. And then Alec Baldwin’s portrayal of him on SNL wasn’t exactly flattering. We need 3 more bad weeks for him for this thing to be in the bag.

  93. 93.

    El Caganer

    October 2, 2016 at 9:34 am

    Who released the tax returns? Perhaps it was…The Cyber, Secret Agent of Crooked Hillary!

  94. 94.

    dr. bloor

    October 2, 2016 at 9:37 am

    @amk:

    Really? How? Unless the small business owner can afford expensive lawyers and accountants to show him these nuggets, these nuggets are for the eyes of rich only. Nice false equivalence though.

    This is silly. Most of these mechanisms are baked into your ordinary TurboTax software. I have a two-family and typically take a loss (or minimal gain) on the rental unit, and I don’t know jack about tax law. I type in the income, and once the program takes into account amortization, maintenance, etc., it’s usually close to zeroed out.

  95. 95.

    SiubhanDuinne, liberal mob enforcer bitch

    October 2, 2016 at 9:37 am

    @Matt McIrvin:

    Two weeks ago it’d have been splashed all over the headlines as the “both sides” counter to all the negative Trump stories. Something changed.

    Two weeks ago, when Trump gave his September 16 “press conference” (that allowed no press questions) when he grudgingly admitted Obama’s U.S. citizenship — the “press conference” that was in reality a free commercial for his new hotel in DC — the media suddenly and simultaneously realized they’d been played for fools, not just that day but for the past fifteen months. And they didn’t like it.

  96. 96.

    gf120581

    October 2, 2016 at 9:44 am

    @SiubhanDuinne, liberal mob enforcer bitch: I’d say that was a tipping point, yes. Media types were visibly pissed off after they got, as Jake Tapper put it, “Rick-rolled” by Donnie.

    But it’s also due to the sheer deluge of disgusting and self-destructive behavior by Trump. It’s just like the weeks following the DNC when he went on the rampage against the Khans. His behavior was and is so beyond the pale that “both sides” simply isn’t plausible anymore.

  97. 97.

    different-church-lady

    October 2, 2016 at 9:45 am

    You’re unsuspecting,” Trump said. “Right now, you say to your wife: ‘Let’s go to a movie after Trump.’ But you won’t do that because you’ll be so high and so excited that no movie is going to satisfy you. Okay? No movie. You know why? Honestly? Because they don’t make movies like they used to — is that right?”

  98. 98.

    MattF

    October 2, 2016 at 9:55 am

    @Matt McIrvin: In addition to what others have said, there’s been a slow buildup of contrast between fake concern about the Clinton Foundation vs. docunented self-dealing with the Trump Foundation. It’s a case where the whole ‘both sides’ treatment is blatantly false.

  99. 99.

    Ivan X

    October 2, 2016 at 10:02 am

    I haven’t watched the Sunday shows in years, but I am tempted this morning. How do I properly prepare myself? I’ve already had a Bloody Mary.

  100. 100.

    MattF

    October 2, 2016 at 10:03 am

    @Ivan X: Have another and just say ‘no’.

  101. 101.

    Peale

    October 2, 2016 at 10:06 am

    @different-church-lady: it really is as if the Simpsons decided to make Abe into a world leader

  102. 102.

    Ivan X

    October 2, 2016 at 10:09 am

    Ok, there’s something amusing about Chris Wallace grilling Chris Christie about the tax return and his late night tweets. He doesn’t lay a glove on him of course, Christie’s a master subject changer.

  103. 103.

    Tripod

    October 2, 2016 at 10:10 am

    @inventor:

    Bust out. Someone was raking the tills.

  104. 104.

    Enhanced Voting Techniques

    October 2, 2016 at 10:11 am

    @inventor:

    How could anybody lose that much money IN THE 1990’s?

    Lose money in real estate in the NYC area at that too.

    Why did someone swindle The Donald back then?

  105. 105.

    Ivan X

    October 2, 2016 at 10:12 am

    Christie’s actually asking where the outrage is about Hillary calling out Trump’s racism during the debate.

  106. 106.

    hovercraft

    October 2, 2016 at 10:15 am

    @Ivan X:
    Christie is trying to spin the NY Times story as a positive, it shows that he is a smart business man, he re-built his empire, and used the tax code to his benefit, and since he knows it best he is the one to fix it. Chris Wallace isn’t buying, thinks the American people will be offended by the non payment. Asks Christie why Trump is still tweeting about Merchado, Christie pivots to ask why no one is making a big deal about the fact that Hillary stood on stage and called Trump a racist, why is supposed sexism and no one is outraged by her accusations of racism, why the double standard. Wallace is like huh?

    EDIT: I see you’re watching FOX too.

  107. 107.

    Baud

    October 2, 2016 at 10:15 am

    @SiubhanDuinne, liberal mob enforcer bitch: I was away and didn’t realize that happened.

  108. 108.

    Peter

    October 2, 2016 at 10:16 am

    Speaking of October Surprise, didn’t Julian Assange promise months ago that there would be a slow and steady drip of Clinton-related leaks leading up to the election? What the fuck happened to that?

  109. 109.

    Enhanced Voting Techniques

    October 2, 2016 at 10:17 am

    @Shalimar: While it makes sense the Clinton campaign would do it a bit at a time, they would have gone to the Washington Post since the NYT is so pro Trump. That’s why it’s likely someone inside the Trump Campaign (likely just found out they are not getting paid)

  110. 110.

    Brachiator

    October 2, 2016 at 10:18 am

    @amk:

    . Really? How? Unless the small business owner can afford expensive lawyers and accountants to show him these nuggets, these nuggets are for the eyes of rich only.

    Sorry, dude. There ain’t no magic secret mojo at work here. A first year H&R Block employee can compute and apply a net operating loss.

    Every off the shelf tax software product that will do a Schedule C will compute and apply a net operating loss.

    Most of the time, when a rich person claims that they are doing something special or fancy on their tax returns that the “average little guy” can’t do, they are either lying or cheating. Or in Trump’s case, lying and cheating.

  111. 111.

    MattF

    October 2, 2016 at 10:18 am

    @Peter: Roger Stone has been tweeting that Wednesday is @Wikileaks day. We shall see.

  112. 112.

    Enhanced Voting Techniques

    October 2, 2016 at 10:20 am

    @Peter: Wasn’t there something about Hillary saying something nasty about Berni Bros last week that got ignored? I think no one cares with the Trump melt down.

  113. 113.

    dr. bloor

    October 2, 2016 at 10:25 am

    @Ivan X: Have four more.

  114. 114.

    Soylent Green

    October 2, 2016 at 10:26 am

    @Vhh:

    Reminds me of when I used to read Pravda while going to work on the Moscow subway in 1977.

    I learned to read Russian in the early ’70s and would read Pravda daily. When Nixon resigned, they buried the news in a short paragraph way inside the paper, so as not to tell the people that corrupt leaders can be deposed. Of course our RW propaganda rags won’t report bad news at all.

  115. 115.

    Brachiator

    October 2, 2016 at 10:28 am

    @SiubhanDuinne, liberal mob enforcer bitch:

    .the media suddenly and simultaneously realized they’d been played for fools, not just that day but for the past fifteen months. And they didn’t like it.

    Yes!!

    The press thought they were the special friends of that cool super rich guy, Trump. Then they found out the extent to which he was simply using them as stooges and PR hacks.

  116. 116.

    dr. bloor

    October 2, 2016 at 10:28 am

    @Peter: He’s still translating the incriminating e-mails out of the original Russian.

  117. 117.

    Ivan X

    October 2, 2016 at 10:28 am

    @Enhanced Voting Techniques: Bernie was just on George S’s show, and he was asked about Hillary saying in February that young people (I.e. Bernie supporters) have to live in their parents’ basements and have no job prospects other than being baristas. If you wanted to hear it as condescending or insulting, you could, but Bernie said she’s 100% right, job prospects for college grads are awful.

  118. 118.

    Enhanced Voting Techniques

    October 2, 2016 at 10:34 am

    @Ivan X: Yes, that’s what Millennials say about themselves. It’s actually a good thing it’s being noticed because the damn Austerity Ponies don’t get is these Millennials have learned to live outside the normal economy – it’s going to be really hard to get them to work on some 10 hour a day, sucko pay, entry level job when they can make more off of what ever they got going.

  119. 119.

    Uncle Cosmo

    October 2, 2016 at 10:36 am

    @D58826:

    …[Putin] will wake up one morning with the head of a horse in his bed.

    To match the horse’s arse already there.

  120. 120.

    lollipopguild

    October 2, 2016 at 10:39 am

    No one can act like Trump. Any Dem trying to act like him would be killed by the press and the voters. After so long you assume that no matter what he does or says nothing will come of it. Not paying taxes and bragging about it may be the straw that breaks Trumpolini’s back.

  121. 121.

    Soylent Green

    October 2, 2016 at 10:39 am

    WaPo’s coverage of Trump’s latest rally:

    He told the crowd to get a group of friends together on Election Day, vote and then go to “certain areas” and “watch” the voters there. “I hear too many bad stories, and we can’t lose an election because of you know what I’m talking about,” Trump said. “So, go and vote and then go check out areas because a lot of bad things happen, and we don’t want to lose for that reason.”

    So he’s inciting his goons to harass and intimidate minority voters. Are the authorities taking notice?

  122. 122.

    Enhanced Voting Techniques

    October 2, 2016 at 10:41 am

    @NickM: Holy crap. That is like a nine year old angry at this mother,….

    The Donald

    He claimed that he has a “winning temperament”

    Thus speaks someone who’se clearly never done any competitive sport or martial art in his life. I really get sick an tired of throwing a temper tantrum is a sign of competitiveness. That’s losing control, not getting control back.

  123. 123.

    low-tech cyclist

    October 2, 2016 at 10:42 am

    @Brachiator:

    Sorry, dude. There ain’t no magic secret mojo at work here. A first year H&R Block employee can compute and apply a net operating loss.

    Every off the shelf tax software product that will do a Schedule C will compute and apply a net operating loss.

    Most of the time, when a rich person claims that they are doing something special or fancy on their tax returns that the “average little guy” can’t do, they are either lying or cheating. Or in Trump’s case, lying and cheating.

    The NYT suggests that the ‘secret sauce’ is in the “byzantine networks of partnerships, limited liability companies and S corporations,” and that it’s the construction of that network and the shifting of income and losses among the corporations that enables the maximization of the NOL.

    I can’t speak to the accuracy of that, but I’m confident that the creation and manipulation of those networks is somewhat beyond the scope of TurboTax’ capabilities.

  124. 124.

    Brachiator

    October 2, 2016 at 10:42 am

    Net operating losses, which can be carried back 3 years and forward 15 years, are explained in IRS Publication 536.

    A much easier read than the tax code.

    There is likely F1 help explaining it if you used TurboTax or some other product to do your taxes.

  125. 125.

    hovercraft

    October 2, 2016 at 10:47 am

    The AP’s Julie Pace, thinks that the GOP has a good defense of Trump not paying taxes, that the government just wastes our tax dollars, is a good argument, Bob Woodward thinks Hillary won the debate, but that her subsequent gloating shows that she is in it for herself, she should not celebrate her win because this is why people don’t trust her.

  126. 126.

    Bill E Pilgrim

    October 2, 2016 at 10:51 am

    Snuffleupagas panel consensus is that Trump is toast.

    Blessedly devoid of any Kellyannes or Guilianis or Hewitts saying “Well the important thing about this Trump tax story is Benghazi”

  127. 127.

    Bupalos

    October 2, 2016 at 10:52 am

    @amk: not at all. I’m a small business owner and definitely have taken advantage of loss carryforward. Its not just a loophole, it would make no sense for someone to spend 100k setting up a business in year 1 and make 100k in year two for a total 2 year net profit of 0 and then pay 28k in taxes on that 0.

    The devil here would be in the details. Was the loss really a loss, or created or goosed by teams of accountants? You can tell right off by how trump is running his campaign (renting from himself at Manhattan rates+ for phone banking that could be done at half the rate and 1/20th the rent in Tonawanda).

  128. 128.

    Brachiator

    October 2, 2016 at 10:53 am

    @low-tech cyclist:

    . The NYT suggests that the ‘secret sauce’ is in the “byzantine networks of partnerships, limited liability companies and S corporations,” and that it’s the construction of that network and the shifting of income and losses among the corporations that enables the maximization of the NOL.

    I said earlier that it is the magnitude of the NOL that is shocking, but the basics of NOL is available to little guys, not just the super wealthy.

    And I gave full credit to an earlier poster who linked to a blogger who laid out a good case that the way that Trump generated his massive NOLs may either be very complicated, or criminal.

    I also noted that we need to see more tax returns and more years to get an idea of what Trump was doing.

    By the way, Trump’s use of his foundation to pay his personal expenses, if true, is not sophisticated, but a very basic violation of tax law. His other tax schemes might be similarly stupid.

    I’m wondering who his accountant is and what kind of work they do.

  129. 129.

    lollipopguild

    October 2, 2016 at 10:53 am

    So we should all follow Julie Pace’s argument and simply stop paying our taxes? Bob W. has been worthless for years and needs to be forced into retirement. Or shot.

  130. 130.

    hovercraft

    October 2, 2016 at 10:55 am

    @Bill E Pilgrim:
    FOX has Woodward saying that Hillary and Trump are both the same, too isolated without anyone whose advice they take, they are both equally terrible.

  131. 131.

    hovercraft

    October 2, 2016 at 10:58 am

    @lollipopguild:
    SHOT

  132. 132.

    SFAW

    October 2, 2016 at 11:05 am

    @hovercraft:

    FOX has Woodward saying that Hillary and Trump are both the same, too isolated without anyone whose advice they take, they are both equally terrible.

    This makes me glad that he and Carl Bernstein “found” Mark Felt before Woodward’s dementia set in.

  133. 133.

    Bill E Pilgrim

    October 2, 2016 at 11:06 am

    @hovercraft: If the only person advising Hillary is herself then based on this week she should give herself a promotion.

    SNL in the debate satire had her listening to a Trump rage aria in response to her baiting with her pantomiming reeling in a fish. Then breaking into tears at the next one saying “I just had no idea it would go this well!”

  134. 134.

    Brachiator

    October 2, 2016 at 11:08 am

    @hovercraft:

    . The AP’s Julie Pace, thinks that the GOP has a good defense of Trump not paying taxes, that the government just wastes our tax dollars, is a good argument,

    Yeah, I’ve seen this argument that it is a rich person’s patriotic duty to avoid paying taxes because the money would only go to undeserving poor people and non-whites.

    I’m watching the ABC Sunday show with George S. They are nailing Trump on the tax issue.

  135. 135.

    Tripod

    October 2, 2016 at 11:08 am

    @SFAW:

    Old Villagers who think they are still tuned in, but aren’t, are pretty fucking sad cases. Hanging around for the cocktail parties and Sunday morning appearances.

  136. 136.

    Steeplejack

    October 2, 2016 at 11:09 am

    It is somewhat ingenuous to dismiss criticism of Trump’s tax dealings as involving mechanisms “available to everybody.” Technically they are, in the sense that, hypothetically, anyone can buy a Pratt & Whitney jet engine. The problem is that (a) the vast majority of people can’t afford one and (b) they don’t have a jet to put it on.

    From the Times article:

    The documents show, for example, that while Mr. Trump reported $7.4 million in interest income in 1995, he made only $6,108 in wages, salaries and tips. They also suggest Mr. Trump took full advantage of generous tax loopholes specifically available to commercial real estate developers to claim a $15.8 million loss in 1995 on his real estate holdings and partnerships.

    Joe Six-Pack is not getting that deal.

    But the most important revelation from the 1995 tax documents is just how much Mr. Trump may have benefited from a tax provision that is particularly prized by America’s dynastic families, which, like the Trumps, hold their wealth inside byzantine networks of partnerships, limited liability companies and S-corporations.

    The provision, known as net operating loss, or NOL, allows a dizzying array of deductions, business expenses, real estate depreciation, losses from the sale of business assets and even operating losses to flow from the balance sheets of those partnerships, limited liability companies and S-corporations onto the personal tax returns of men like Mr. Trump. In turn, those losses can be used to cancel out an equivalent amount of taxable income from, say, book royalties or branding deals.

    You aren’t getting that from TurboTax, at least not by itself. Everybody has access to NOL, sure, but the vast majority of Americans have neither the goodies with which to load up the NOL pipeline nor access to the technical expertise to manage the process.

  137. 137.

    Matt McIrvin

    October 2, 2016 at 11:10 am

    @Peter:

    Speaking of October Surprise, didn’t Julian Assange promise months ago that there would be a slow and steady drip of Clinton-related leaks leading up to the election? What the fuck happened to that?

    They’ve been coming, just like he promised. But the material is incredibly weak; there’s just nothing there. The “basement dwellers” thing that Hugh Hewitt tried to spin as Hillary’s most fatal gaffe was the most recent drop.

  138. 138.

    Tripod

    October 2, 2016 at 11:11 am

    @Steeplejack:

    We all should turn a blind eye when out legitimate business associates are stealing everything not nailed down….

  139. 139.

    Baud

    October 2, 2016 at 11:12 am

    @Matt McIrvin: I didn’t realize that came from Assange. The reveals are shockingly weak so far. I don’t think I could look as good with an equivalent level of scrutiny.

  140. 140.

    Another Scott

    October 2, 2016 at 11:16 am

    DeLong points us to some commentary on Trump’s taxes:

    An excerpt:

    Either the loss is a real loss and the Donald was really was out of pocket by $916 million (in which case he has legitimate NOLs), or the loss was passed on to someone else by The Donald defaulting on debt – in which case Donald Trump should be assessed for income from debt forgiveness. After all if the debt is forgiven it is not Donald Trump’s loss….

    Debt parking… the debtor (in this case The Donald) is going to get his debt cancelled for (say) 1c in the dollar. When he gets the debt wiped out the debtor (ie The Donald) will have to report assessable income equal to the debt wiped out (in this case 99 percent of $916 million).

    The alternative though is for the debtor to set up a dummy party… some completely opaque offshore trust. And that dummy party goes and buys the debt for say 1.1 cents in the dollar. Then they just sit there. They don’t force the debtor (ie The Donald) to repay. They don’t make a profit or loss on the debt. And because the debtor never has his debt forgiven he never gets the assessment on debt forgiveness and he gets to keep his NOLs even though the losses did not come out of his pocket. Every tax system worth its salt has some rules on “effective debt forgiveness” to prevent debt parking. And – from my experience which is now over twenty years old – none of them work entirely.

    Now if Donald really has all those tax losses… the debt must be parked somewhere. There is a vehicle out there… effectively controlled by Donald Trump which owns over $900 million in debt and is not bothering to collect it [or write it off]. I do not have the time or energy to find that vehicle. But it is there…. There is a Pulitzer prize for whoever finds it…

    Hehe. This could have legs for months.

    (Checks popcorn futures)

    Cheers,
    Scott.

  141. 141.

    Villago Delenda Est

    October 2, 2016 at 11:16 am

    @hovercraft: I guess being played by Robert Redford in a movie will do that to you.

  142. 142.

    Tripod

    October 2, 2016 at 11:17 am

    @Matt McIrvin:

    Well I’m sure great offense was taken at cacaus99percent and among Booman’s regulars. Mom wants them to take out the trash, and go get a job…

    Why are all the Bernie bitter enders the living embodiment of a Chris Elliot bit?

  143. 143.

    RaflW

    October 2, 2016 at 11:17 am

    This write up from Philly by the UK Independent is pretty great. The video at the top is actually a very solid explainer of the situation for folks just getting up to speed (ie Brits, I suppose) on the ins n outs of US campaigns and tax returns. The plucky musical soundtrack is perfect.

    But the article below the video is the main attraction.

    It took Trump nearly 25 minutes to read the brief [9 sentence] statement because he kept going off on one angry tangent after another…

    Trump demeaned and mocked Sanders himself, saying that he has “a much bigger movement than Bernie Sanders ever had” and that he has “much bigger crowds than Bernie Sanders ever had.” Trump accused Sanders of tarnishing his legacy by making a “deal with the devil”…

    Really, read the whole thing. It’s more satisfying than a Sunday morning pastry from your favorite coffee shop!

  144. 144.

    gf120581

    October 2, 2016 at 11:18 am

    @Baud: Pretty much everything from Assange has been a big fat nothing. I mean, the biggest revelation he had was that some at the DNC didn’t like Bernie much. Gee, big shock there.

    Not to mention it’s difficult to take anything he puts out at face value because he’s so clearly a Russian stooge.

  145. 145.

    Matt McIrvin

    October 2, 2016 at 11:18 am

    @Baud: I thought it did but I guess it didn’t; sounds as if someone gave it to the Washington Free Beacon, a right-wing website.

  146. 146.

    lollipopguild

    October 2, 2016 at 11:18 am

    @hovercraft: That was my vote too.

  147. 147.

    redshirt

    October 2, 2016 at 11:19 am

    At this point I don’t think any single scandal or gaffe can hurt Trump. But the collective weight of them all, and the relentless way they unfold week after week might have an impact.

    The True Believers will never be swayed. But hopefully some in the middle can.

  148. 148.

    hovercraft

    October 2, 2016 at 11:21 am

    @Brachiator:
    I put FOX on to see how they’d try to spin it. Basically they went with both sides.
    Now I’m watching Reliable Sources, they have some asshole from Newsbusters on, having him on as a legitimate member of the media tells you how far the media has descended, Seltzer is trying to hold his feet to the fire, but the flack is just ranting.

  149. 149.

    TerryC

    October 2, 2016 at 11:23 am

    @Steeplejack: I have three small businesses. One is a piece of rental property, the other is a retail outlet for disc golf paraphernalia, and the third is a farm at our home on which I have planted 6,000 fruit and nut trees in the past three years, designed around three nine hole disc golf courses.

    The farm loses money. The rental property breaks even. The pro shop makes enough money to keep my son and his family comfortable.

    We are not talking about large sums of money here! But, let me tell you, if you get to be over 50 years old and you have not started a business and hired an accountant, you are essentially in what Donald might call the “sucker pool”. There are an amazing amount of things you can do with small amounts of money.

    Our businesses, without the accountant, would be illegal and dead. With the accountant, and we don’t pay that much money to his firm, they are a thriving set of enterprises that do a great job of maximizing the benefits of the money flow.

  150. 150.

    Tripod

    October 2, 2016 at 11:25 am

    @redshirt:

    I assume he is in hock to certain Russian interests, and they can hurt him, which would explain his willingness to roll around in the electoral wash basin, and have all his naughty bits exposed.

  151. 151.

    gf120581

    October 2, 2016 at 11:27 am

    @hovercraft: “Both sides” is the Fox News default mode when there’s a bad GOP scandal. It’s a tell that they know this is trouble.

  152. 152.

    lollipopguild

    October 2, 2016 at 11:29 am

    @Villago Delenda Est: That was a long time ago in a land far away.

  153. 153.

    Nom de Plume

    October 2, 2016 at 11:32 am

    @gf120581:

    “Both sides” is the Fox News default mode when there’s a bad GOP scandal.

    Yep. Call it “The Fox Curve”. If they are spinning something as a big win for Trump, that means it was actually about even. If they are in “both sides” mode, that means Trump fucked up.

  154. 154.

    philadelphialawyer

    October 2, 2016 at 11:34 am

    @Brachiator: I agree that using NOL is not some esoteric, for the super rich only, dodge.

    However, I think it is also the case that elaborately faking a billion dollar NOL (which is my guess as to what Trump did) DOES take fancy accountants, and fancy lawyers, and all of them, and the client, taking aggressive, gray area (at best) positions, and using nuances and loopholes in the law, and that all of that is not available to the average person.

  155. 155.

    Matt McIrvin

    October 2, 2016 at 11:35 am

    @Tripod: The Daily Beast has an article insisting that the Busters are a real threat to Hillary.

  156. 156.

    philadelphialawyer

    October 2, 2016 at 11:38 am

    @Steeplejack: Exactly. It is not NOL, per se, that is the egregious loophole, rather it is the inflated calculation of NOL available to rich crooks like Trump.

  157. 157.

    RaflW

    October 2, 2016 at 11:39 am

    @RaflW: Aha. The Independent ran the WaPo story, but only credited the author, not the Post. Curious.

    The general reaction this am from people not trapped in the GOP bubble is that he looked extra-nutso last night (warning, may include people in the Dem bubble, but we hope ours is more permeable). So, keep at it Donald! You’re doin’ great!

  158. 158.

    low-tech cyclist

    October 2, 2016 at 11:39 am

    @Brachiator:

    I’m wondering who his accountant is and what kind of work they do.

    Per the NYT article, which notes that Mitnick is both a lawyer and an accountant:

    Mr. Mitnick worked for a small Long Island accounting firm that specialized in handling tax issues for wealthy New York real estate families. He had long handled tax matters for Mr. Trump’s father, Fred C. Trump, and he said he began doing Donald Trump’s taxes after Mr. Trump turned 18.

  159. 159.

    RaflW

    October 2, 2016 at 11:41 am

    Also, too, Rudy saying everyone cheats on their spouses to Chuck Todd on national TeeVee.

    So classy! Such perfect outreach to Values Voters™.

  160. 160.

    Nom de Plume

    October 2, 2016 at 11:48 am

    @RaflW: Wait, did he really? Is there a link?

  161. 161.

    dr. bloor

    October 2, 2016 at 11:49 am

    @RaflW: Donnie, Rudy and Newtie have cheated enough on their various spouses to more than make up for everyone who doesn’t. So, on average, “everyone” cheats on their spouses.

  162. 162.

    Steeplejack (phone)

    October 2, 2016 at 11:54 am

    @low-tech cyclist:

    The article says:

    [. . .] Jack Mitnick, a lawyer and certified public accountant who handled Mr. Trump’s tax matters for more than 30 years, until 1996. Mr. Mitnick was listed as the preparer on the New Jersey tax form.

    He is now “semi-retired and living in Florida.” The Times talked to him because he prepared the 1995 return. Apparently he hasn’t touched Trump’s taxes in 20 years.

  163. 163.

    Steve in the ATL

    October 2, 2016 at 11:58 am

    @hovercraft: @TerryC:

    disc golf paraphernalia

    So, a head shop?

  164. 164.

    Elie

    October 2, 2016 at 12:00 pm

    @redshirt:

    Its not just the more immediate effect on the election, but making sure that after the election that the remaining monster will be too damaged to spend much time doing anything but trying to recover his empire — such as it is. Making sure that the thing stays dead.

  165. 165.

    Lizzy L

    October 2, 2016 at 12:05 pm

    There are two things which completely make Trump lose his shit. First one is: criticism and/or mockery. He cannot stand criticism of any kind. It’s worse when it comes from women, but it is always bad. Second is: losing control of the narrative, especially if such loss involves criticism. See #1. The Times’s tax revelation accomplishes both. I would expect more Trump meltdowns and more nastiness towards Hillary; not because he actually holds her responsible for the leak to the Times, but because she’s his opponent and she’s a woman, and he prefers to go after women. Oh, and it also appears to make him crazy when people fight back against his attacks. I suspect he’s used to people just caving. Hilz doesn’t cave.

    Also, I cannot fathom why any sane person would listen to Bob Woodward.

  166. 166.

    Brachiator

    October 2, 2016 at 12:08 pm

    @philadelphialawyer:

    However, I think it is also the case that elaborately faking a billion dollar NOL (which is my guess as to what Trump did) DOES take fancy accountants, and fancy lawyers

    I agree, and another poster has noted that Trump has used an accountant who specializes in working for NY real estate families. So there is expertise brought to bear that the average person does not have access to.

    And again I give credit to an earlier poster who linked to a blog post that suggested that Trump’s accounting team may have done something shady to prevent the recognition of taxable cancellation of debt income, which instead became a massive net operating loss.

  167. 167.

    amk

    October 2, 2016 at 12:09 pm

    People are here comparing the run of the mill two-bit tax software that plebes use to what the tax dodgers like mittbot, donnie dick and their ilk use? Great.

  168. 168.

    redshirt

    October 2, 2016 at 12:14 pm

    @TerryC: Fascinating. As a semi-avid golfer, I’ve often wondered about disc golf. Is it popular? How could you sell accessories? It seems like a very cheap sport to play.

  169. 169.

    SiubhanDuinne, liberal mob enforcer bitch

    October 2, 2016 at 12:14 pm

    @Nom de Plume:
    @RaflW:

    Found this by doing a bit of googling. The “everybody does” is about 40 seconds in.

  170. 170.

    sigaba

    October 2, 2016 at 12:17 pm

    @philadelphialawyer: I just keep it simple? This is the guy who flies around on a private 757, lives in a solid gold condo on the 30th floor of the Manhattan office tower, owns hotels and has his name plastered on buildings around the world, has supposedly TEN BILLION DOLLARS in net worth, and this man pays no income tax?

  171. 171.

    Brachiator

    October 2, 2016 at 12:20 pm

    @hovercraft:

    I put FOX on to see how they’d try to spin it. Basically they went with both sides.

    I just can’t bring myself to watch Fox News. Switching between ABC and NBC I saw former Mayor Rudy claim that Trump did well in the debate.

    And he also tried to push the idea that Trump is a genius who understands the tax code so well that only he knows how to make it work for everyone.

    It was also funny to hear Rudy G talk about how “poor people use tax loopholes, too!”

  172. 172.

    SiubhanDuinne, liberal mob enforcer bitch

    October 2, 2016 at 12:27 pm

    @SiubhanDuinne, liberal mob enforcer bitch:

    Also, I love the way Rudy basically says “It’s okay for me to cheat because I just confess it to my priest and I’m good to go.” How does Catholicism even survive some of its Catholics?

  173. 173.

    Villago Delenda Est

    October 2, 2016 at 12:29 pm

    @SiubhanDuinne, liberal mob enforcer bitch: The classic error of failure to atone.

    The tumbrels will make up for that.

  174. 174.

    different-church-lady

    October 2, 2016 at 12:34 pm

    @SiubhanDuinne, liberal mob enforcer bitch: Soooooo… if your biggest surrogate is saying everyone cheats on their spouses, doesn’t that make it a wee bit harder for the candidate to succeed with his threat to attack the opponent’s spouse for doing it?

    I mean, wasn’t there a time when message discipline was the one thing the GOP did the best?

  175. 175.

    SiubhanDuinne, liberal mob enforcer bitch

    October 2, 2016 at 12:43 pm

    @different-church-lady:

    They’re really not thinking things through the way they used to.

  176. 176.

    amk

    October 2, 2016 at 12:46 pm

    Erick Erickson Verified account ‏@EWErickson 3h3 hours ago

    To sum up: Republicans who, four years ago, blasted middle class voters for paying no taxes, are praising Trump for not paying taxes.

    priceless.

  177. 177.

    Another Scott

    October 2, 2016 at 12:54 pm

    @Another Scott: I see that bluehill got there first at #7.

    Kudos!

    Cheers,
    Scott.

  178. 178.

    geg6

    October 2, 2016 at 12:57 pm

    @SiubhanDuinne, liberal mob enforcer bitch:

    Your adeptness at understatement is impressive! LOL!

  179. 179.

    Eric U.

    October 2, 2016 at 12:58 pm

    @amk: funny thing about software, Trump’s accountant used software that couldn’t properly print a 9 digit loss, so he had to whiteout and type by hand

  180. 180.

    Another Scott

    October 2, 2016 at 1:09 pm

    @Chris T.: Didn’t the IRS Commissioner say that, in general, not referring to Donnie specifically, that year after year audits are extremely rare? Yes, he did:

    Current IRS Commissioner John Koskinen told C-SPAN that it is unlikely that an individual taxpayer to be audited every year, as Donald Trump claims he has been.

    “Usually when there’s an audit, and it’s cleared up, if there are no other issues, it’s a number of years, two or three at least, before you hear from us again, unless something in your next return pops up,” said Koskinen. “But as a matter of just formal auditing, it would be rare.”

    IOW, why should we believe that Donnie is telling the truth that he’s being audited by the IRS every year? Why should we believe anything at all that he says about his taxes or his income or his wealth?

    He’s a liar.

    We shouldn’t believe anything he says about anything.

    Show me your papers, Donnie. Then we’ll talk.

    Cheers,
    Scott.

  181. 181.

    Another Scott

    October 2, 2016 at 1:14 pm

    @Another Scott: Grr. Blockquote fail.

    FYWP.

    Cheers,
    Scott.

  182. 182.

    Brachiator

    October 2, 2016 at 1:15 pm

    Trump is nothing if not predictable.

    .Donald Trump responded on Sunday morning to a New York Times report that he may not have paid federal income tax for 18 years, tweeting: “I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them.”

    But he was not smart enough to prevent the collapse of his [email protected] or Trump airlines.

    Easy debate question. Mr Trump, exactly where in your tax plan, do you get rid of the tax breaks from which you have benefited?

  183. 183.

    Lizzy L

    October 2, 2016 at 1:23 pm

    @Brachiator: It might be interesting to ask Trump (in public, maybe in a debate setting) what he thinks is wrong with our current tax laws, and what he would “fix.” They seem to work well for him.

  184. 184.

    geg6

    October 2, 2016 at 1:36 pm

    @amk:

    I can’t tell you how much I love Erick Son of Erick’s sads this election season.

  185. 185.

    lgerard

    October 2, 2016 at 1:40 pm

    There is something I don’tt understand here, as I am not an accountant, thankfully
    Trimps “NJ investment” was a publicly traded corporation. not an S corporation or a partnership, so how could its balance sheet “pass through”, excepting of course, the sale or purchase of those stocks?

  186. 186.

    Another Scott

    October 2, 2016 at 1:41 pm

    @Lizzy L: Naah. He’s already said how he would change the tax system. It’s a huge giveaway to himself and other (genuine) 0.01%ers.

    The question he should be asked is something like:

    Donnie, you’ve demonstrated that you will twist the tax code with your sell corporations and paper losses so that you can avoid paying taxes. We all know that te federal government cannot work without revenue: we can’t defend our borders, we can’t pay for disaster relief, we can’t pay our promises to our seniors, and we can’t invest in things like infrastructure that keeps us all healthy and maximizes our economic power. Why do you think that you have no responsibility to pay taxes unlike everyone else in this country who earns an income?

    The issue isn’t his plans, it’s his feeling of entitlement and his willingness to twist the rules and conventions of our society beyond all recognition.

    My $0.02.

    Cheers,
    Scott.

  187. 187.

    Another Scott

    October 2, 2016 at 1:46 pm

    @Another Scott: sell corporations shell corporations

    (sigh)

    Cheers,
    Scott.

  188. 188.

    Ruckus

    October 2, 2016 at 1:58 pm

    @sigaba:
    Ten will get you twenty that the gold is not solid but gold leaf, the 757 is 25 yrs old, probably bought for below wholesale because an airline couldn’t use it anymore, and lastly, never, ever believe that D. Trump is worth 10 billion. In the real world of multi-billionaires, he is broke. Like everything else in his world the operative word is bullshit. Bullshit is the underlying premise in everything in the Trump world. His car is undercoated in bullshit, his plane is upholstered in it, all that gold leaf is tarnished by it. He’s been bullshitting so long and so hard he’s conned himself into believing it.

  189. 189.

    gogol's wife

    October 2, 2016 at 2:00 pm

    @SiubhanDuinne, liberal mob enforcer bitch:

    And his righteous indignation that Todd has the nerve to discuss his personal life!

  190. 190.

    debbie

    October 2, 2016 at 2:03 pm

    @Brachiator:

    The size of the NOL is preposterous. I was living in NYC at that time and people in real estate were making money hand over fist. You could not lose money if you were in real estate. That the IRS apparently didn’t question this is criminal.

  191. 191.

    Ruckus

    October 2, 2016 at 2:08 pm

    @SiubhanDuinne, liberal mob enforcer bitch:

    They’re really not thinking things through the way they used to.

    I realize that was snark but I think they are thinking it through just as far as they used to, they just haven’t realized yet that bullshit layered on bullshit is still bullshit because they are now supporting the master bullshitter, they’ve been conned and don’t know it or know, and like it.

  192. 192.

    Ivan X

    October 2, 2016 at 2:08 pm

    @RaflW: he also insinuated, if I heard him correctly, that Bill Clinton has raped women.

  193. 193.

    Ivan X

    October 2, 2016 at 2:15 pm

    @amk: you’re going too far back. In 1995, it was probably 16-bit.

  194. 194.

    Ruckus

    October 2, 2016 at 2:16 pm

    @Another Scott:
    You really think that asking that question would get any kind of reasonable answer? Yeah I didn’t think so. He doesn’t care about any of those things, all he cares about is as I said the other day, is being a slave owner. He wants all of us to work for him for free, actually for all of us to pay him to work for him. He isn’t running to be president, he wants the entire country to be his plantation.

  195. 195.

    Applejinx

    October 2, 2016 at 2:20 pm

    @Tripod: You know, when Bernie AND HILLARY are both agreeing that there aren’t jobs for the millenials, you might want to listen. That leak was a win for Hillary because it’s true (like most things she says) and observant (which a lot of people didn’t expect of her, but they thought wrong).

    Bernie confirmed that for a reason. We’re all on the same page, it’s you who are reading out of Milton Friedman 101 or something.

  196. 196.

    Applejinx

    October 2, 2016 at 2:31 pm

    @Matt McIrvin: Busters a threat to Hillary? Every one I know ended up deciding to vote for Hillary except one, and he’s posting a twentieth of the anti-Hillary crap he used to, and is on a Basic Income, anti-corporatist kick with a side of ‘no militarization of police’ (and more power to him). Even he might end up voting for Hillary if she’s seen taking a leftward stance.

    You have to realize these people were led to believe she’d personally merge all the agra and pharma monopolies and pass TPP, cackling and fracking the earth wherever she goes. That’s looking sillier and sillier: the picture of Hillary now is the picture of a woman tickled pink she’ll get to run as a proper liberal and govern progressively as much as she likes (not as much as they’d like) because her opposition is obliterating itself behind a lunatic.

    Berners are no threat to Hillary. They are merely another power bloc, and Hillary can win them over literally as much as she wants. If she didn’t want them she wouldn’t have bothered to learn about them and make her oh-so-shocking ‘basement dweller’ remarks.

  197. 197.

    Ruckus

    October 2, 2016 at 2:38 pm

    @Applejinx:

    You have to realize these people were led to believe she’d personally merge all the agra and pharma monopolies and pass TPP, cackling and fracking the earth wherever she goes.

    I wonder where they got those ideas from? Republicans? No…. Now who could it have been…….

    I won’t hold my breath waiting for a reply.

  198. 198.

    Applejinx

    October 2, 2016 at 3:10 pm

    @Ruckus: Oh, do carry on. This is your safe space where you needn’t worry about winning over any Bernie fans to Hillary ever, which is more than Bernie can say, much less the rest of us.

    Go on, tell me. I do admit I painted very much the Berniac protest-and-giant-puppets argument and didn’t put forth the ‘she’s a lesbian who killed and ate Vince Foster and wants to take your guns’ wingnut rave-fest, because I am not a wingnut so those arguments are basically ‘mwah mwah mwah Ginger mwah’ to me.

    She changed her mind about TPP. She’s changed her mind about a lot of stuff. I like it. I like this new, winning Clinton.

    So does Bernie (to a reasonable degree). We all might end up liking her a lot more if she sticks with this populist thing: she seems to be enjoying it bigtime, and so she should. It’s a rare gift when a politician gets to win all they desire by not lying or bullshitting. Thanks Trump ;P

  199. 199.

    Annie

    October 2, 2016 at 5:13 pm

    @Anne Laurie:

    How does a child guarantee that? In some states you don’t have to leave a child anything in your will.

  200. 200.

    TerryC

    October 2, 2016 at 6:29 pm

    @Steve in the ATL: No such stereotype. We have more than 10,000 golf discs, a separate room for bags, and all sorts of other paraphernalia like shirts, decals, etc.

    But nada for smokers of any kind, it’s pure sports, our staff are mostly world champions.

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