MrRodgers
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Joined: 7/30/2005
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quote:
ORIGINAL: Termyn8or
FR
Anyone even know what a bankruptcy is ?
A bankruptcy is a legal estopment on your creditors taking action to collect on what you owe them. You still owe them. That does not change, the winning of the bankruptcy simply stops them from suing you or attaching your wages or property. People who do not know that have no business arguing the subject because that is one of the basic umber one facts that an attorney will tell you if yyou ever use that particular legal tool.
I want to see paperwork where these banks "forgave" those loans. They do not do that. I fact, after a bankruptcy you can usually borrow money almost right away because they know you can't file again for seven years. He filed corporate bankruptcies concerning businesses that were already going under ad liquidated them, pocketing a few bucks in the process. You didn't bitch when Romney did it to companies that did make money and employ people.
And another thing, why should any of them disclose their taxes ? What, you vote for the richer one or the poorer one ? Bunch of shit. I would rather know why Obama's past is so closely guarded, like his GPA. Ad I am well past any birth certificate shit, I would vote for Putin at this point but of course he cannot run. If that fucker would really be loyal to this country he would be the best thing ever happened, but he won't, and can't run anyway so it is a moot point. Actually Obama did a few things right, but the ACA was not among them. That thing is so fucked up, if Trump gets elected and a congress sends him a bill to fix it he is going to need a team of people to read all the gobbletygook.
Anyway, banks do not just forgive loans. If they did, indeed it should be taxable, but I need proof it happened. We are talking about people who will pay out a $3 overdraft and charge you $300 for it, ad who bribe companies to force you to take direct deposit to get paid for work, or even welfare in some cases so you have to pay. Why didn't they just refuse to pay the draft ? They make more money that way.
They are the type of motherfuckers who will tell you to default on your house payment to qualify for a refi and then foreclose. And then you can show up in court with the cash, the full amount and all penalties ad everything and they refuse to accept it and when asked will say "We'll make more money selling the house". THIS HAS HAPPENED.
I will not disclose my taxes, I do not pay them. I do not owe them under the law. I know this argument has happened before but i am still here. they know right where I am. I have been offered $30 an hour and free transportation to and from work which would mean 96 miles a day for them. I turned it down. So get the idea here that I am not a burger flipper.
If I could feel anymore I would feel sorry for burger flippers. They get fucked, not paid enough and treated like shit. I would be for a higher wage for them as long as it is based on how many burgers they flip. Like the gross of the company or whatever. You have to let the owner make a profit or there will be no companies, in fact now that I mention that, it is happening ain't it.
T^T
First you mix in personal bankruptcy as if that is a factor here and it isn't but then claim to know so much about how banks deal with a business borrower's bankruptcy and are way off base.
First of all, under such business bankruptcies banks do in fact do what's called 'write down' loans adjudicated in court. That means they 'wrote down' $425 million of Trump's business debt. Upon that write down, that money then becomes income to Trump's business.
As the link describes, any amount forgiven or written down in such a loan is money received and spent by the borrower and no longer subject to being repaid. It thus becomes taxable. Trump then claims that in exchange for that write down, the banks got worthless paper otherwise known as a partnership share in an otherwise...bankrupt business.
So there is no paperwork we need to see, we have all of the pertinent facts and BTW, that 'loophole' was closed as the link said, in 1984 and this bankruptcy occurred in 1995, so Trump could have easily been prosecuted for tax evasion or at least hit with a judgment for it.
T8r, the rest of what you have is not on point and more of your rambling on. Your last few comments are just more about the concept now having taken over your so called right wing and the modern conservatism we find in America in that the economy need not serve all of the people.
In America, we can eat cake now as a matter of the for-profit, vulture capitalist society and yes, people did go on substantially about how that's exactly was Romney was, did and nobody is to give a fuck about the poverty and ruined lives as a result.
You want the net of it ? We are talking about a species whose first 'progressive' achievement for the survival of [it] was slavery over cannibalism. Then once mankind formed cities-states, created govt. that sanctioned private property and coins (money) and...we got much more easily satisfied greed. Then if that greed means that in our modern for-profit society, if you need to get fucked...you will get fucked. Just hope to have some Vaseline on hand.
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You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great
Under capitalism, man exploits man. Under communism, it's just the opposite.
J K Galbraith
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Why Trump will not disclose his taxes - 
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