politics Trump

Trump: Emoluments Clause Is ‘Phony’, ‘I’m The One’ Who Captured ISIS, Not ‘You People’

“If you’re rich, it doesn’t matter".

“If you’re rich, it doesn’t matter".
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5 comments on “Trump: Emoluments Clause Is ‘Phony’, ‘I’m The One’ Who Captured ISIS, Not ‘You People’

  1. vicissitude

    Re: “If you’re rich, it doesn’t matter”

    MAGA and get rid of our fake constitution, vote GOP!

    Also see: Two of the penultimate acts Hitler took to consolidate his power in 1934 actually violated the Enabling Act. Article 2 of the act stated that

    'Laws enacted by the government of the Reich may deviate from the constitution as long as they do not affect the institutions of the Reichstag and the Reichsrat. The rights of the President remain undisturbed.'

    https://en.wikipedia.org/wiki/Weimar_Constitution#Hitler%27s_subversion_of_the_Weimar_Constitution

  2. Mr. Oxygen

    ““We will work something out so that the Kurds have cash flow”, he went on to say Monday, before suggesting that “maybe a US company will get involved with the oil”.”

    “Maybe A US Company Will Get Involved “With The Oil” -Chapter One.

    Again.

  3. vicissitude

    In progress but here’s one way to look rich and fake how much money you actually have — it also looks illegal …

    Re: TRUMP ENTERTAINMENT RESORTS, et al
    FORM 10-K For the fiscal year ended December 31, 2005

    The NOL carryforwards result in a consolidated deferred state tax asset of $49,577,000, which has been offset by a full valuation allowance of $49,577,000, as utilization of such carryforward is not certain. The New Jersey state NOL carryforwards expire from 2005 through 2011.

    ===> The New York Times reported Oct. 1 that Trump declared a $916 million business loss in 1995 that may have legally allowed him to avoid federal income taxes for up to 18 years.

    https://www.bizjournals.com/dallas/news/2016/10/05/american-airlines-using-same-tax-strategy-as-trump.html

    On December 22, 2017, President Trump signed into law the tax legislation … Modification of NOL carryforwards — The Act modifies aspects of current law regarding NOL …. through 2026 (80 percent in 2023, 60 percent in 2024, 40 percent in 2025, …

    December 18, 2018

    The Tax Cuts and Jobs Act made changes to the tax law, including Net Operating Loss (NOL) rules.

    Here’s what changed:

    For most taxpayers, NOLs arising after 2017 can only be carried forward.
    Certain farming businesses and insurance companies (other than life insurance) can still use a two-year carryback for certain losses.
    After December 31, 2017, the net operating loss deduction is limited to 80 percent of taxable income.

    https://www.irs.gov/newsroom/tax-reform-changes-the-rules-about-net-operating-losses

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