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Open Discussion Discuss Trump: Warren Buffett avoids taxes like me... at the General Forum; Buffett: Nope, and here's my taxes to prove it. Donald Trump is a master of the “I am rubber and ...

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Old 10-10-2016, 07:48 PM
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Default Trump: Warren Buffett avoids taxes like me...

Buffett: Nope, and here's my taxes to prove it.

Donald Trump is a master of the “I am rubber and you are glue” approach to political rhetoric, but at Sunday night’s presidential debate, he tried a novel variant on the strategy. After Anderson Cooper asked him point blank if he used his $916 million reported loss from his 1995 tax return to avoid income taxes in other years, Trump shot back that he did — but so did the fourth richest man in the world and Hillary Clinton supporter Warren Buffett, who Clinton had minutes earlier praised for his advocacy of higher taxes on the rich:

COOPER: You have not answered, though, a simple question. Did you use that $916 million loss to avoid paying personal federal income taxes for years?

TRUMP: Of course I do. Of course I do. … I absolutely used it. And so did Warren Buffett and so did George Soros and so did many of the other people that Hillary is getting money from.
The day after, Buffett came out with a statement saying, in effect, bull****. He has never used a carry-forward, the technique Trump used to avoid taxes, and he has paid taxes every year since 1944, when he was 13 and paid $7 to fund World War II.



It gets better. Buffett reports that he took only $3.5 million in charitable deductions — even though he donated more than $2.8 billion. This is a not-so-subtle dig at Trump’s “charitable” efforts, which amount to self-serving work by his foundation and not a whole lot else. Buffett, by contrast, has pledged most of his estate to the Bill and Melinda Gates Foundation, and most of the remainder to the Susan Thompson Buffett Foundation (named after his late wife), which is one of the biggest backers of family planning and reproductive health and rights causes in the United States.

As a final knife-twist, Buffett notes that he is currently being audited — but releasing information from his return anyway, since that is totally allowed, despite Trump's protests to the contrary.

That Buffett would take exception to Trump’s remarks is hardly surprising. He’s a vocal Democrat and is particularly vocal on tax issues. This is a natural place for him to speak up. But he’s also an immensely respected figure nationwide, and him denouncing Trump is hardly something the campaign needs after the devastating week they’ve been having.
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Old 10-10-2016, 08:09 PM
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Default Re: Trump: Warren Buffett avoids taxes like me...

And yet Buffett still pays about half the tax rate of his key personal.

I have invested in Buffett, he knows how to make money. But personally I doubt his true veracity on this. Not taking advantage of the tax laws is just dumb in Buffett's place in life. I am sure he does when ever he can. I hope so anyway...

Trump is doing the legal thing here and the left has a hard time with legal things. They specialize in illegal things, like Hillary has done. She makes Trump look like a Boy Scout..

Regards, Kirk
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Old 10-10-2016, 09:27 PM
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Post Re: Trump: Warren Buffett avoids taxes like me...

Quote:
Originally Posted by 300 H and H View Post
And yet Buffett still pays about half the tax rate of his key personal.
Not accurate...
Warren Buffett's Actual Tax Rate Much Closer To 31%, While His Office Workers Pay 21%
Bottom line: Buffett’s 2010 relevant “federal tax rate” was actually at least 10.5 percentage points higher than the average rate paid by his office workers.
But bottom line, Trump told another stupid lie.
Trump made claims about Buffet's taxes that are easily fact checked as dumb lies.
And his followers don't care and can't admit it.
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Old 10-10-2016, 11:09 PM
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Default Re: Trump: Warren Buffett avoids taxes like me...

Quote:
Originally Posted by 300 H and H View Post
And yet Buffett still pays about half the tax rate of his key personal.

I have invested in Buffett, he knows how to make money. But personally I doubt his true veracity on this. Not taking advantage of the tax laws is just dumb in Buffett's place in life. I am sure he does when ever he can. I hope so anyway...

Trump is doing the legal thing here and the left has a hard time with legal things. They specialize in illegal things, like Hillary has done. She makes Trump look like a Boy Scout..

Regards, Kirk
Yes, he doesn't take advantage of every single tax loophole his lawyers could conjure, and is still a multi-billionaire and far, far richer than Donald Trump.

And he has no issue releasing his tax information despite not running for president, again unlike Trump.
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Old 10-11-2016, 07:20 AM
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Default Re: Trump: Warren Buffett avoids taxes like me...

Quote:
Originally Posted by foundit66 View Post
Not accurate...
Warren Buffett's Actual Tax Rate Much Closer To 31%, While His Office Workers Pay 21%
Bottom line: Buffett’s 2010 relevant “federal tax rate” was actually at least 10.5 percentage points higher than the average rate paid by his office workers.
But bottom line, Trump told another stupid lie.
Trump made claims about Buffet's taxes that are easily fact checked as dumb lies.
And his followers don't care and can't admit it.
Buffet himself told the public he was not paying enough in taxes. He pointed out that his secretary paid a higher rate than he does. He then stated this was wrong, and went about coming up with the "buffet rule" on taxes.

Your bull crap link says nothing about this. I don't remember what year it was how ever, but I sure remember this little tidd bit.

I consider every thing negative about Trump a left wing lie at this point, and most Democrats liars as well. Hillary Clinton will destroy our nation as we know it. You fuq's are going to help her.

So post your junk links any way you want.

Regards, Kirk
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Old 10-11-2016, 08:08 AM
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Default Re: Trump: Warren Buffett avoids taxes like me...

Quote:
Originally Posted by foundit66 View Post
Not accurate...
Warren Buffett's Actual Tax Rate Much Closer To 31%, While His Office Workers Pay 21%
Bottom line: Buffett’s 2010 relevant “federal tax rate” was actually at least 10.5 percentage points higher than the average rate paid by his office workers.
But bottom line, Trump told another stupid lie.
Trump made claims about Buffet's taxes that are easily fact checked as dumb lies.
And his followers don't care and can't admit it.
Buffet uses different parts of the tax code to minimize his tax liability such as taking compensation at the lower capital gains rate. Trump used a different part of the tax code, operating loss, to minimize his liability but those are "loopholes" to "avoid" paying taxes when he does it. Once again Democrats hypocritical rail against the tax code they helped to write.

Hillary's lie that rich Warren Buffet pays a lower rate than his "workers" is ignored in favor of hyperventilating over screaming Trump is dishonest for following the tax code. Typical of Hillary's media enablers they ignore the roughly 1 million taxpayers in 1995 that used the operating loss provision to bray nonsense about Trump not paying taxes.
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Old 10-11-2016, 08:39 AM
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Default Re: Trump: Warren Buffett avoids taxes like me...

Quote:
Originally Posted by WallyWager View Post
Yes, he doesn't take advantage of every single tax loophole his lawyers could conjure, and is still a multi-billionaire and far, far richer than Donald Trump.

And he has no issue releasing his tax information despite not running for president, again unlike Trump.
So, so because Buffet is richer than Trump he is more noble. In the primative partisan Democrat understanding rich Republicans are evil, deplorables, but rich Democrats advocating fair share, unlimited, tax increases making it more difficult for other people to become rich like they are somehow are noble.

In the previous Presidential election the Republican nominee released a tax return showing that he had instructed his tax preparer to ignore millions in charitable deductions just like Buffet did. Divisive partisan Democrats immediately criticised the voluntary overpayment of taxes as dishonest, inventing a fantasy that the nominee would file an amended return after the election passing it off as fact, a new lie to support another lie. Romney voluntarily pays more bad, Buffet pays more than he has to good.

Once again 99.9% of American taxpayers legally maximize their deductions just like Trump did. But he is condemned for following the law Hillary and the Democrats helped to write.
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Old 10-11-2016, 09:23 AM
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Default Re: Trump: Warren Buffett avoids taxes like me...

Quote:
Originally Posted by 300 H and H View Post
And yet Buffett still pays about half the tax rate of his key personal.

I have invested in Buffett, he knows how to make money. But personally I doubt his true veracity on this. Not taking advantage of the tax laws is just dumb in Buffett's place in life. I am sure he does when ever he can. I hope so anyway...

Trump is doing the legal thing here and the left has a hard time with legal things. They specialize in illegal things, like Hillary has done. She makes Trump look like a Boy Scout..

Regards, Kirk
Like Trump and you and I. Buffet took every legal tax break allowed to him. And so did the companies they own.
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Old 10-11-2016, 11:00 AM
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Default Re: Trump: Warren Buffett avoids taxes like me...

Quote:
Originally Posted by 300 H and H View Post
Buffet himself told the public he was not paying enough in taxes. He pointed out that his secretary paid a higher rate than he does. He then stated this was wrong, and went about coming up with the "buffet rule" on taxes.
I realize it's difficult for you to stay on topic when you're losing, but try to keep a coherent thought.

Did Trump say that he "was not paying enough in taxes"?
Is the topic of this thread "Buffet is not paying enough in taxes"?
The answer to both questions is NO.
Your attempts to move the goal-posts are obvious.


Quote:
Originally Posted by 300 H and H View Post
Your bull crap link says nothing about this. I don't remember what year it was how ever, but I sure remember this little tidd bit.
My link was a reference to the actual topic of this thread.

Trump said: "Many of her friends took bigger deductions. Warren Buffett took a massive deduction."
This was a lie.

YOU claimed Buffet paid half the tax rate of his workers.
This was ALSO a lie.
The link I gave demonstrates what his tax rate was. Proving both Trump's comment and your comments a lie.


Quote:
Originally Posted by 300 H and H View Post
I consider every thing negative about Trump a left wing lie at this point, and most Democrats liars as well. Hillary Clinton will destroy our nation as we know it. You fuq's are going to help her.
So post your junk links any way you want.
Regards, Kirk
ROFLMAO!
If my concern were ever to sway your understanding and opinion, those words may have an impact.

But long ago I recognized you as blindly partisan and incapable of admitting simple facts which are politically inconvenient for you.

I don't post facts to persuade you.
I post facts to demonstrate to others you are resoundingly refuted.


Quote:
Originally Posted by AZRWinger
Buffet uses different parts of the tax code to minimize his tax liability such as taking compensation at the lower capital gains rate.
What is it with the right that when Trump gets busted in a lie they simply try to change the story?
And worse, make up new claims they have absolutely no evidence for.
Kindly document your claim above.
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Old 10-11-2016, 05:27 PM
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Default Re: Trump: Warren Buffett avoids taxes like me...

Quote:
Originally Posted by jimbo View Post
Like Trump and you and I. Buffet took every legal tax break allowed to him. And so did the companies they own.
Anybody that doesn't is an idiot. For once I would like to see some rich liberal write a big check to the federal government, above and beyond what they owe, and show us all how we should give more than required. Do think anyone that advocates for higher taxes has ever wrote an extra check to the government? hell no! None of them would EVER put their money where their mouth is.
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