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Trump paid no taxes in 10 of the last 15 years the New York Times reports

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    #37
    Sorry to ruin your party Jazz but we pay a lot of tax on our farm!

    As a capital asset solar systems are a great accelerated deduction. If you are paying lots of tax.

    "The Government of Canada makes clean energy projects, such as solar energy, wind energy and energy from waste, more fiscally attractive for industry by providing business income tax incentives.

    Under Classes 43.1 and 43.2 in Schedule II of the Income Tax Regulations, certain capital costs of systems that produce energy by using renewable energy sources or fuels from waste, or conserve energy by using fuel more efficiently are eligible for accelerated capital cost allowance. Under Class 43.1, eligible equipment may be written-off at 30 percent per year on a declining balance basis. In general, equipment that is eligible for Class 43.1 but is acquired after February 22, 2005 and before year 2025 may be written-off at 50 percent per year on a declining balance basis under Class 43.2. Without these accelerated write-offs, many of these assets would be depreciated for income tax purposes at annual rates between 4 and 20 percent."

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      #38
      Originally posted by bucket View Post
      But think of how many he employed to accomplish such a feat and not be hauled in front of the IRS??????
      Trump has been under constant surveillance and investigation since mid 2016. If there was anything there they would have outted it long ago.

      Congress can change the loopholes he used with the stroke of a pen. Unless they are using it too.

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        #39
        As they say " rich people pay accountants and poor people pay taxes"

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          #40
          Originally posted by chuckChuck View Post
          Sorry to ruin your party Jazz but we pay a lot of tax on our farm!

          As a capital asset solar systems are a great accelerated deduction. If you are paying lots of tax.
          Wow, govt subsidized non productive equipment given a back end accelerated CCA all goosed with carbon tax revenue.

          You aint making money on solar, you are farming the govt. Guess when you arent actually farming you got to manufacture some deductions. Well at least you finally came clean.

          Quite a snake there chucky.

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            #41
            As a capital asset solar systems are a great accelerated deduction

            Thats a subsidy. period...

            If you cant admit it you are being disingenuous with yourself and others...

            Put yourself in the same pot as the oil and gas producers you complain about subsidies....
            Last edited by bucket; Sep 28, 2020, 08:11.

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              #42
              Originally posted by chuckChuck View Post
              Sorry to ruin your party Jazz but we pay a lot of tax on our farm!

              As a capital asset solar systems are a great accelerated deduction. If you are paying lots of tax.

              "The Government of Canada makes clean energy projects, such as solar energy, wind energy and energy from waste, more fiscally attractive for industry by providing business income tax incentives.

              Under Classes 43.1 and 43.2 in Schedule II of the Income Tax Regulations, certain capital costs of systems that produce energy by using renewable energy sources or fuels from waste, or conserve energy by using fuel more efficiently are eligible for accelerated capital cost allowance. Under Class 43.1, eligible equipment may be written-off at 30 percent per year on a declining balance basis. In general, equipment that is eligible for Class 43.1 but is acquired after February 22, 2005 and before year 2025 may be written-off at 50 percent per year on a declining balance basis under Class 43.2. Without these accelerated write-offs, many of these assets would be depreciated for income tax purposes at annual rates between 4 and 20 percent."
              If you run your farm like your mouth there is probably a lot of noise and moving around, but nothing of value coming out. LOL LOL LOL
              Last edited by flea beetle; Sep 28, 2020, 08:22.

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                #43
                Did you forget again that agriculture in Canada also receive subsidies and tax breaks. Along with the oil and gas industry! Spare us the faux outrage fellas. You are a bunch of hypocrites! LMAO
                Last edited by chuckChuck; Sep 28, 2020, 08:49.

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                  #44
                  Trump is the model businessman that several Righties on Agriville aspire to.

                  Donny has File for Chapter 11 Bankruptcy six times, and owes the Bank of China and Deutsche Bank $100s of million of dollars. Is this how some of you run your farming operations? I know I don't have any bill collectors knocking on the farm house door.


                  Kinda ironic that China will eventually foreclose on Trump, I wonder how many Righties will be coming to defend Donald when that happens?

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                    #45
                    Originally posted by chuckChuck View Post
                    Did you forget agriculture in Canada also receive subsidies and tax breaks. Along with the oil and gas industry! Save Us the faux outrage fellas. You are a bunch of hypocrites! LMAO
                    Honest to God already. Your blood pressure must be maxed out, for nothing. If your from the meota area like has been mentioned on here before, you shouldn't have to worry about being a victim of the areas high crime rate because I'm pretty sure that the local criminal element knows that they would be dealing with a serious psycho, and leave your shit untouched.

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                      #46
                      Originally posted by chuckChuck View Post
                      Did you forget agriculture in Canada also receive subsidies and tax breaks. Along with the oil and gas industry! Save Us the faux outrage fellas. You are a bunch of hypocrites! LMAO
                      Can you highlight the agriculture subsidies. ?

                      And then we could have a separate thread about the money sent to ag industries ...not farmers....that fall under the ag subsidies ...

                      Then compare what the industries related to agriculture are getting compared to the individual farmer.
                      Last edited by bucket; Sep 28, 2020, 08:55.

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                        #47
                        It’s interesting trump the constant liar just got caught again stating he made hundreds of millions one year and now in the tax returns he had a loss of 40 million. And then wonders why the tax people are auditing him. Lmao!

                        But the not paying the taxes is only the one part of fraud he’s committing the more important part for is who he owes money to and therefore foregoing power to who in the world?
                        Russia China we already know the saudis are bank rolling a number of his companies.

                        This has serious implications for our ag products as well as oil industry.

                        Comment


                          #48
                          Originally posted by foragefarmer View Post
                          Is this how some of you run your farming operations? I know I don't have any bill collectors knocking on the farm house door.
                          Then you never built a asset heavy business from scratch then like Trump did. All such businesses have debts and some have to revolve that debt or term it and the bills eventually come due. How did you buy your land?

                          He could have sat on his inheritance like Trudeau but instead he put it to work turning a few million into many multiples of that.

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