ManglerYJ
Well-Known Member
- Joined
- Mar 20, 2005
- Location
- Lexington, NC
Just to be clear - that is not what is being implied.
Based on the few reports that are available - from the 80s and early 90s - there are many cases where he did not in fact PAY any taxes. Not that any more wasn't owed, but that due to claiming losses on startup projects etc, although he was quite wealthy he managed to pay nothing at all.
Is it legal? Yes, I'm sure it is, b/c as mentioned one cannot be that much on the radar, constantly audited, and get away w/ it otherwise.
But it's pretty fuckin' sleezy, especially for a guy who talks about being so committed to his country etc and wants to represent the working class
I'll just drop these two quotes here.
"Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes. "
Gregory v. Helvering, 69 F.2d 809, 810 (2d Cir. 1934)
"Over and over again courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant."
Commissioner v. Newman, 159 F.2d 848, 851 (2d Cir. 1947) - dissenting opinion
And a random pic to keep on task.