NYTimes: Trump Used $885M in Taxpayer Subsidies To Get Rich
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  NYTimes: Trump Used $885M in Taxpayer Subsidies To Get Rich
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Author Topic: NYTimes: Trump Used $885M in Taxpayer Subsidies To Get Rich  (Read 1170 times)
Dr. Arch
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« on: September 18, 2016, 08:50:00 PM »

"Mr. Trump has reaped at least $885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city tax, housing and finance records. The subsidies helped him lower his own costs and sell apartments at higher prices because of their reduced taxes.

Mr. Trump, the Republican nominee for president, has made clear over the course of his campaign how proud he is that “as a businessman I want to pay as little tax as possible.”

While it is impossible to assess how much Mr. Trump pays in personal or corporate income taxes, because he has refused to release his tax returns, an examination of his record as a New York developer shows how aggressively he has fought to lower the taxes on his projects."

And it concludes:

"His whole MO is to exploit the government for everything he could get,” said Jerilyn Perine, the city housing commissioner during the Giuliani and Bloomberg administrations. “In the end, the letter of the law gave it to him."

Link: http://www.nytimes.com/2016/09/18/nyregion/donald-trump-tax-breaks-real-estate.html?_r=0
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Southern Delegate matthew27
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« Reply #1 on: September 18, 2016, 08:56:34 PM »

The guy has played the conservatives and liberterians like a cat plays with a mouse.
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Dr. Arch
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« Reply #2 on: September 18, 2016, 08:58:45 PM »

Privatize the profits; socialize the risks.
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Negusa Nagast 🚀
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« Reply #3 on: September 18, 2016, 09:22:34 PM »

The NYTactually wrote an article critiquing Trump's horrendous record? I thought their case of Hillary Derangement Syndrome was terminal...
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Fmr President & Senator Polnut
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« Reply #4 on: September 18, 2016, 09:26:51 PM »

The NYTactually wrote an article critiquing Trump's horrendous record? I thought their case of Hillary Derangement Syndrome was terminal...

That's mostly Maureen.
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‼realJohnEwards‼
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« Reply #5 on: September 18, 2016, 09:31:17 PM »

who is honestly surprised by this?
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Hermit For Peace
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« Reply #6 on: September 18, 2016, 09:32:17 PM »


I suspect the Trump followers think this is pretty cool!

If it's not illegal then what's the problem?
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Young Conservative
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« Reply #7 on: September 18, 2016, 09:41:57 PM »

So? You use the system your given. Another headline might have been: 'Trump does what every other business person in America does: strive for the lowest taxes possible' The media is ridiculous. How about a headline saying "Clinton lauds women's rights while her foundation accepts money from the most grotesque violators of human rights in the world."
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Hermit For Peace
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« Reply #8 on: September 18, 2016, 09:43:06 PM »

So? You use the system your given. Another headline might have been: 'Trump does what every other business person in America does: strive for the lowest taxes possible' The media is ridiculous. How about a headline saying "Clinton lauds women's rights while her foundation accepts money from the most grotesque violators of human rights in the world."

If it's not illegal then what's the problem, right?

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Wells
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« Reply #9 on: September 18, 2016, 09:44:32 PM »

Great way to spend taxpayer dollars! What are the odds Trump tries to increase the President's salary if elected?
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Maxwell
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« Reply #10 on: September 18, 2016, 09:50:44 PM »

here's a way to spin it:

He created a business by making the U.S. Taxpayers pay for it. Think what he could do if he built the wall.
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Hermit For Peace
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« Reply #11 on: September 18, 2016, 09:56:24 PM »

Great way to spend taxpayer dollars! What are the odds Trump tries to increase the President's salary if elected?

"Let's make a deal."
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JJC
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« Reply #12 on: September 18, 2016, 10:44:33 PM »

So? You use the system your given. Another headline might have been: 'Trump does what every other business person in America does: strive for the lowest taxes possible' The media is ridiculous. How about a headline saying "Clinton lauds women's rights while her foundation accepts money from the most grotesque violators of human rights in the world."
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Dr. Arch
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« Reply #13 on: September 18, 2016, 10:51:04 PM »
« Edited: September 18, 2016, 11:32:20 PM by Arch »

So? You use the system your given. Another headline might have been: 'Trump does what every other business person in America does: strive for the lowest taxes possible' The media is ridiculous. How about a headline saying "Clinton lauds women's rights while her foundation accepts money from the most grotesque violators of human rights in the world."

As indicated in the last quote, there is a clear pattern of Trump exploiting the government for his personal gain. How is his move for the presidency when he cared about no other position beforehand an indication of honest intentions to actually help the country (read: an entity other than himself) given his consistent actions over decades and decades?
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Sprouts Farmers Market ✘
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« Reply #14 on: September 18, 2016, 11:14:49 PM »

This is not out of the ordinary. I don't understand the issue at all.
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Southern Delegate matthew27
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« Reply #15 on: September 18, 2016, 11:22:20 PM »

You'd think the liberterians would be violently opposed to this guy. lol
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PeteB
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« Reply #16 on: September 19, 2016, 09:26:16 AM »

The issue is NOT that Trump somehow changed or abandoned his moral or ideological stripes.  He has pretty much confessed to be ideology free, beholden only to making as much money as possible.  In principle there is nothing legally wrong with getting tax subsidies, nor will it hurt him with his supporters who probably wish they could have a similar tax windfall.

The real issue IS whether the nation can trust someone who is a self confessed opportunist to suddenly grow up, change and look after the common interest.  Who is to say that decisions made by a potential Trump administration would not be in the long-term interest of Trump family, as opposed to the US? 

This is where his most ardent supporters need to look and figure out if they can trust that a millionaire, born with a silver spoon in his mouth, who has never looked charitably at another human being (outside his family), will suddenly become a humanitarian, helping the common man. 
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Hermit For Peace
hermit
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« Reply #17 on: September 19, 2016, 10:06:32 AM »

The issue is NOT that Trump somehow changed or abandoned his moral or ideological stripes.  He has pretty much confessed to be ideology free, beholden only to making as much money as possible.  In principle there is nothing legally wrong with getting tax subsidies, nor will it hurt him with his supporters who probably wish they could have a similar tax windfall.

The real issue IS whether the nation can trust someone who is a self confessed opportunist to suddenly grow up, change and look after the common interest.  Who is to say that decisions made by a potential Trump administration would not be in the long-term interest of Trump family, as opposed to the US? 

This is where his most ardent supporters need to look and figure out if they can trust that a millionaire, born with a silver spoon in his mouth, who has never looked charitably at another human being (outside his family), will suddenly become a humanitarian, helping the common man. 

Good luck with that.

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SirMuxALot
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« Reply #18 on: September 19, 2016, 11:33:27 AM »

Oh great, more of this Orwellian language that promotes the idea that the natural state of tax rates is 100% and anything below that is a giveaway / government subsidy.
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Torie
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« Reply #19 on: September 19, 2016, 11:39:12 AM »

Yes, we already knew the Trump was the biggest welfare queen on the Fruited Plain. That is where is major talent lies.
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Torie
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« Reply #20 on: September 19, 2016, 11:40:52 AM »

Oh great, more of this Orwellian language that promotes the idea that the natural state of tax rates is 100% and anything below that is a giveaway / government subsidy.

Ah, which poster here asserted that? This is the kind of language that leads to flame wars, and gets Likely Voter into a bad mood.
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cinyc
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« Reply #21 on: September 19, 2016, 11:48:29 AM »

Oh great, more of this Orwellian language that promotes the idea that the natural state of tax rates is 100% and anything below that is a giveaway / government subsidy.

Ah, which poster here asserted that? This is the kind of language that leads to flame wars, and gets Likely Voter into a bad mood.

The New York Times did, Torie.  It is implicit in their headline and first paragraph.

If you don't think Donald Trump took advantage of the tax breaks every New York developer did, then you must think he's a bad businessman.   Real estate is a competitive market.  If he did not take advantage of so-called tax breaks available to all developers, he would not have a competitive product.
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Torie
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« Reply #22 on: September 19, 2016, 12:03:07 PM »

Oh great, more of this Orwellian language that promotes the idea that the natural state of tax rates is 100% and anything below that is a giveaway / government subsidy.

Ah, which poster here asserted that? This is the kind of language that leads to flame wars, and gets Likely Voter into a bad mood.

The New York Times did, Torie.  It is implicit in their headline and first paragraph.

If you don't think Donald Trump took advantage of the tax breaks every New York developer did, then you must think he's a bad businessman.   Real estate is a competitive market.  If he did not take advantage of so-called tax breaks available to all developers, he would not have a competitive product.

I said he was a welfare queen, not a criminal. He knows how to secure unfair advantages by manipulating the system -- legally.
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SirMuxALot
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« Reply #23 on: September 19, 2016, 12:19:20 PM »

I said he was a welfare queen, not a criminal. He knows how to secure unfair advantages by manipulating the system -- legally.

The government lets me keep 58% of everything I produce.  Therefore, I am a welfare queen.

I know how to secure unfair advantages by manipulating my tax return - legally - to pay less than 100% of my income in taxes.
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cinyc
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« Reply #24 on: September 19, 2016, 12:38:46 PM »

I said he was a welfare queen, not a criminal. He knows how to secure unfair advantages by manipulating the system -- legally.

I don't understand how taking advantage of tax incentives available to all developers is securing an "unfair advantage".  The tax incentives are there for a reason - to get developers to build more housing, including subsidized housing.  Every major real estate developer is incentivized by those tax incentives.  That's the whole purpose of them.
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