During the debate, Donald Trump basically admitted that he doesn't pay taxes:
"It would just be squandered"..."That makes me smart"
Trump's campaign said that it's Trump's job to cheat the system:
So, let's take inspiration from Mr Trump! Everyone repeat after me:
“I have a fiduciary responsibility to my family to exploit the system as much as is legally possible.”
So let's hear how smart you are. How have you proven your smarts cheating the system today?
I'll start: yesterday my son raided the cookie jar, eating the whole thing right before dinner. He said "You said I can't have a cookie. You never said I couldn't eat the whole jar of cookies while standing on tiptoes." And he was right, I hadn't closed the tiptoe loophole. "That proves I'm smart." And he is, I think he's clearly smart enough to decide on family menus from now on.
"It would just be squandered"..."That makes me smart"
Trump's campaign said that it's Trump's job to cheat the system:
“Mr. Trump is a highly skilled businessman who has a fiduciary responsibility to his business, his family, and his employees to pay no more tax than legally required.”
So how much tax IS legally required? Fortune Magazine crunched the numbers and says it's zero:The Times said that large a loss, even in a single year, was likely enough to wipe out any income taxes Trump would have normally had to pay for as many as 18 years. Trump, like many very wealthy U.S. citizens, funnels his income and business dealings through a variety of corporate structures. Those arrangements allow Trump to carry losses forward for many years.
I'm glad to see how things have changed. In the 1970's if you cheated say, the welfare system, it was a scandal. You would be called a "welfare queen" with a "welfare Cadillac" and the nation would vote just to spite you. Yet today if you did the same thing (on a much larger scale) you are hailed as a great businessman. You're not a welfare queen, you're just smart. So, let's take inspiration from Mr Trump! Everyone repeat after me:
“I have a fiduciary responsibility to my family to exploit the system as much as is legally possible.”
So let's hear how smart you are. How have you proven your smarts cheating the system today?
I'll start: yesterday my son raided the cookie jar, eating the whole thing right before dinner. He said "You said I can't have a cookie. You never said I couldn't eat the whole jar of cookies while standing on tiptoes." And he was right, I hadn't closed the tiptoe loophole. "That proves I'm smart." And he is, I think he's clearly smart enough to decide on family menus from now on.
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