- Facts Aren’t In
Let’s be clear. Trump’s tax situation is still unknown. The media only speculates that he could have avoided paying taxes, not that he did. I bet if he hasn’t, he’ll be making sure that he doesn’t need to now.
What concerns me is the other less favorable things that a person can do with taxes and investments — what we don’t know if Trump is/isn’t doing.
- Problem with Representatives
While he may have taken advantage of the system. Good for him. If the system is flawed into allowing that to happen, that’s why we have representatives, like Hillary, that are supposed to make/adjust the laws…hmm.
As Trump said, “I know how the system works,” which means these other representatives have some ideological notion of how it is supposed to work, but without any real experience, they’re acting like kids building a system out of legos — many don’t know the first thing about a system or an economy, whenever an expert speaks, it has to be dumbed down, they may understand the next move that occurs after a law goes into place, but not the move after that — it’s shortsightedness.
- Trump’s Situation
Trump’s situation is based on a huge loss to the extend of almost $1B. There are many reasons why the tax system allows people to claim that loss on future income statements. If you don’t understand the underlying purpose, then that might be something for you to first understand before condemning others.
Trump could be involved in less favorable means of paying taxes, like offshore tax shelters. Things many other politicians engage in, which is really the issue. Using a justified approach to claiming a loss on your income statement is not something we should be condemning. Most tax payers take deductions either for owning property (land, house, car), being head of household, having children — this should include you and your father.
In principle, people that have taken school loans apply the same sort of deductions that Trump has.
- Entirety of Trump
His businesses pay income tax too. When there are profits, they pay taxes. That’s the deal. If he makes more than those deductions would be, he is no longer in the clear for paying taxes.
Media wants to look at an individuals falterings without considering the entire picture. That’s narrow focus and demonstration of a narrative.
Trump and Republicans in general, who have consistently demonized poor people for not paying federal income tax
Demonized is a harsh word and I don’t know how accurate it is in your statement; also, your point is really a matter of deflection — no longer is the focus on Trump, it’s on Republicans. Trump is now responsible for what some Republicans have said/done (still unclear who said/did what).
That said, I don’t entirely disagree with you. There’s elements of truth, but there are some things to point out:
- upper class (including Democrats), believe the lower class aren’t contributing to a society with regards to production and finance, compared to the rest of society
- there is a stark difference between contributing, productive members of society and those that don’t contribute. Taking advantage of tax codes as a productive member of society is much different than just living off a system and requesting more taxes from the top to provide them
- there is a concern that lack of invested interest, results in lack of other things as well (e.g., accountability, responsibility, community, politics) — a person takes great care of the car they own, not the one they rent
Thank you for engaging in this polite conversation.