During his campaign for first term, Donald Trump was asked how he showed $916 million net operating losses in 1995 and setting it off for next 18 years without paying any federal taxes.
Not knowing what to answer, Trump said:
"I absolutely used it, and so did Warren Buffett. Warren Buffett took a massive deduction."
We've to learn from Buffett as to how to deal with facts and data without being emotional or vindictive.
The very next day Buffett shared his income tax returns and said:
"I have paid federal income tax every year since 1944, when I was 13. Though, being a slow starter, I owed only $7 in tax that year. I have copies of all 72 of my returns and none uses a carryforward."
He further noted that while he made $2.85 billion in charitable contributions in 2015, tax laws properly limited his deductions, meaning more than $2.85 billion of his donations were not taken as deductions and never would be.
He asked Trump to share his tax returns in public. Not knowing what to do, Trump said he is under IRS audit and cannot publicly share his returns.
For which Buffett responsded:
"I have been audited by the IRS multiple times and am currently being audited. I have no problem in releasing my tax information while under audit. Neither would Mr. Trump -at least he would have no legal problem."
Buffett then invited Trump to any place, any time before the election so they could both bring their tax returns, sit down, and let the public ask them questions.
Trump never accepted the invitation.
From then on Trump never once even uttered the name Warren Buffett.
Looks like Trump no longer even eat buffets.
When I was 22 years old, I commissioned as an Ensign in the United States Navy and swore an oath to the Constitution. I upheld that oath through flight school, multiple deployments on the USS Midway, 39 combat missions in Operation Desert Storm, test pilot school, four space shuttle flights at NASA, and every day since I retired – which I did after my wife Gabby was shot in the head while serving her constituents.
In combat, I had a missile blow up next to my jet and flew through anti-aircraft fire to drop bombs on enemy targets. At NASA, I launched on a rocket, commanded the space shuttle, and was part of the recovery mission that brought home the bodies of my astronaut classmates who died on Columbia. I did all of this in service to this country that I love and has given me so much.
Secretary Hegseth’s tweet is the first I heard of this. I also saw the President’s posts saying I should be arrested, hanged, and put to death.
If this is meant to intimidate me and other members of Congress from doing our jobs and holding this administration accountable, it won’t work. I’ve given too much to this country to be silenced by bullies who care more about their own power than protecting the Constitution.
@FauxPelini Love it. Been wondering the same thing on my walks. “So you think you are better than me”. If it ends up they are better than me, I am switching sides. So relevant.