Donald Trump: 'I Fight Like Hell' To Pay Less In Taxes

[PaintMyHouse]

They were higher up the chain. Look it up.

So the union was a secured creditor? Really? That's the only way they could be higher according to your links.

Yep, as they were being treated like a creditor I suspect but I haven't looked into that closely. Your turn...

Unions are not "secured" creditors.

I would tend to agree however it appears they were creditors, and creditors are before bondholders who are before stockholders.

Wrong. Bondholders are secured creditors. Union thugs aren't secured creditors.

That is incorrect, as usual. What secures them, do they own a tiny piece of the factory? No, they own a piece of paper, not much better than owning a stock certificate, another piece of paper. Bonds become worthless at times, just like the stocks. Look it up.

 

[CrusaderFrank]

People who actually put an effort in their life and livelihood wants to keep more of what they receive; low information government moochers have no familiarity with that at all

 

[Redfish]

While as making as much money as possible off of the backs of the poor sucker.

No, we don't need this shit near power! Bernie sanders is what we need.

are you that fricken stupid? Don't you realize that the Clintons do exactly what Trump said he does? Does your hero Sanders pay more than he absolutely has to pay?

You really are a dim bulb, matt.

 

[hadit]

While as making as much money as possible off of the backs of the poor sucker.

No, we don't need this shit near power! Bernie sanders is what we need.

are you that fricken stupid? Don't you realize that the Clintons do exactly what Trump said he does? Does your hero Sanders pay more than he absolutely has to pay?

You really are a dim bulb, matt.

Maybe the dimbulbs actually think rich liberals DON'T pay as little as they can get away with. Maybe they actually think rich libs overpay taxes out of the goodness of their hearts. They must, since they only get mad when non-hypocrites fight to keep what they earn. Hypocrites get a pass as long as they put on really stern faces and bloviate that they, and other rich people, need to pay more in taxes.

 

[Andylusion]

So how does that square with the dear leader giving 40% of the new company to the union and not the bond holders?

They were higher up the chain. Look it up.

So the union was a secured creditor? Really? That's the only way they could be higher according to your links.

Yep, as they were being treated like a creditor I suspect but I haven't looked into that closely. Your turn...

Unions are not "secured" creditors.

I would tend to agree however it appears they were creditors, and creditors are before bondholders who are before stockholders.

Now I know you don't know jack. A bondholder *IS* a creditor.

Who Gets Paid First When a Company Goes Bankrupt Chron.com

If the bankrupt company still has money left over, it starts paying its unsecured creditors. These debts not based on a physical piece of property. Unsecured debts could be credit card bills, unpaid insurance premiums and bank loans that weren't backed up by property. It also includes payments to bondholders.​

I knew as soon as I read that, that you were farting on the forum.... again...

I don't get why you people make up crap, and think we won't find out.

Bottom line is this...

The Unions can only apply to be on the bankruptcy, if they can make a claim that they were owed unpaid union dues, or related contractual payments.

So clearly they had a case to be made against GM.

However, they would have been listed as unsecured creditor, just like all bondholders. They were not a superior position according to bankruptcy law.

That is exactly why Obama intervened illegal, oh behalf of the Unions.

While the Unions had some about of money to submit a claim on, the bond holders had far more.

GM filed a total debt of $172 Billion dollars. The unions had an unsecured creditor claim of $20 Billion.

The total remaining unsecured creditor claims, was $30 Billion.

Point being, no matter how you cut it, or check it, or what perspective you take on it.... by law, the Unions should have received the smallest portion out of the bankruptcy, just above the stock holders, which got zero.

Unfortunately, the Unions which caused the bankruptcy to begin with, were rewarded for destroying the company, and wiping out tens of billions of tax payer money..... by getting the second largest stake in the company. The exact opposite message we want to send.

More so, you people on the left, are the most irrational people on the planet... you actually support something that harmed jobs, harmed the economy, and drove up taxes on yourself. How dumb can you be.

 

[Lakhota]

We look forward to Trump making his tax returns public.

Why?

Why? Don't you follow politics? Among other things, it would show that he has nothing to be ashamed of.

Don't you following the US Constitution, there is a presumption of innocence. There's no reason for him to make his tax returns public to prove he's innocent. Being rich is not a crime and Trump has his taxes prepared by an army of CPA's.

Romney also had his taxes prepared by an army of CPA's.

 

[Lakhota]

They were higher up the chain. Look it up.

So the union was a secured creditor? Really? That's the only way they could be higher according to your links.

Yep, as they were being treated like a creditor I suspect but I haven't looked into that closely. Your turn...

Unions are not "secured" creditors.

I would tend to agree however it appears they were creditors, and creditors are before bondholders who are before stockholders.

Now I know you don't know jack. A bondholder *IS* a creditor.

Who Gets Paid First When a Company Goes Bankrupt Chron.com

If the bankrupt company still has money left over, it starts paying its unsecured creditors. These debts not based on a physical piece of property. Unsecured debts could be credit card bills, unpaid insurance premiums and bank loans that weren't backed up by property. It also includes payments to bondholders.​

I knew as soon as I read that, that you were farting on the forum.... again...

I don't get why you people make up crap, and think we won't find out.

Bottom line is this...

The Unions can only apply to be on the bankruptcy, if they can make a claim that they were owed unpaid union dues, or related contractual payments.

So clearly they had a case to be made against GM.

However, they would have been listed as unsecured creditor, just like all bondholders. They were not a superior position according to bankruptcy law.

That is exactly why Obama intervened illegal, oh behalf of the Unions.

While the Unions had some about of money to submit a claim on, the bond holders had far more.

GM filed a total debt of $172 Billion dollars. The unions had an unsecured creditor claim of $20 Billion.

The total remaining unsecured creditor claims, was $30 Billion.

Point being, no matter how you cut it, or check it, or what perspective you take on it.... by law, the Unions should have received the smallest portion out of the bankruptcy, just above the stock holders, which got zero.

Unfortunately, the Unions which caused the bankruptcy to begin with, were rewarded for destroying the company, and wiping out tens of billions of tax payer money..... by getting the second largest stake in the company. The exact opposite message we want to send.

More so, you people on the left, are the most irrational people on the planet... you actually support something that harmed jobs, harmed the economy, and drove up taxes on yourself. How dumb can you be.

Actually, I believe bondholders get paid second - after secured creditors.

 

[CrusaderFrank]

We look forward to Trump making his tax returns public.

Why?

Why? Don't you follow politics? Among other things, it would show that he has nothing to be ashamed of.

Don't you following the US Constitution, there is a presumption of innocence. There's no reason for him to make his tax returns public to prove he's innocent. Being rich is not a crime and Trump has his taxes prepared by an army of CPA's.

Romney also had his taxes prepared by an army of CPA's.

And Obama was still born in Kenya

 

[Lakhota]

We look forward to Trump making his tax returns public.

Why?

Why? Don't you follow politics? Among other things, it would show that he has nothing to be ashamed of.

Don't you following the US Constitution, there is a presumption of innocence. There's no reason for him to make his tax returns public to prove he's innocent. Being rich is not a crime and Trump has his taxes prepared by an army of CPA's.

Romney also had his taxes prepared by an army of CPA's.

And Obama was still born in Kenya

Well, if you say so. We all know how smart you are.

 

[PaintMyHouse]

They were higher up the chain. Look it up.

So the union was a secured creditor? Really? That's the only way they could be higher according to your links.

Yep, as they were being treated like a creditor I suspect but I haven't looked into that closely. Your turn...

Unions are not "secured" creditors.

I would tend to agree however it appears they were creditors, and creditors are before bondholders who are before stockholders.

Now I know you don't know jack. A bondholder *IS* a creditor.

Who Gets Paid First When a Company Goes Bankrupt Chron.com

If the bankrupt company still has money left over, it starts paying its unsecured creditors. These debts not based on a physical piece of property. Unsecured debts could be credit card bills, unpaid insurance premiums and bank loans that weren't backed up by property. It also includes payments to bondholders.​

I knew as soon as I read that, that you were farting on the forum.... again...

I don't get why you people make up crap, and think we won't find out.

Bottom line is this...

The Unions can only apply to be on the bankruptcy, if they can make a claim that they were owed unpaid union dues, or related contractual payments.

So clearly they had a case to be made against GM.

However, they would have been listed as unsecured creditor, just like all bondholders. They were not a superior position according to bankruptcy law.

That is exactly why Obama intervened illegal, oh behalf of the Unions.

While the Unions had some about of money to submit a claim on, the bond holders had far more.

GM filed a total debt of $172 Billion dollars. The unions had an unsecured creditor claim of $20 Billion.

The total remaining unsecured creditor claims, was $30 Billion.

Point being, no matter how you cut it, or check it, or what perspective you take on it.... by law, the Unions should have received the smallest portion out of the bankruptcy, just above the stock holders, which got zero.

Unfortunately, the Unions which caused the bankruptcy to begin with, were rewarded for destroying the company, and wiping out tens of billions of tax payer money..... by getting the second largest stake in the company. The exact opposite message we want to send.

More so, you people on the left, are the most irrational people on the planet... you actually support something that harmed jobs, harmed the economy, and drove up taxes on yourself. How dumb can you be.

Bondholders are unsecured creditors, you are correct. The question was why was the union ahead of the bondholders?

"The plan for General Motors' bankruptcy is to auction off the company's assets in a section 363 sale.[2][3][4][45][47] Because the price that these assets are expected to sell for is very high, there is expected to be only one bidder in the auction, a new company NGMCO Inc.[1] This company is formed by the United States government with a 60.8% stake, the federal government of Canada and provincial government of Ontario with an 11.7% stake, the United and Canadian Auto Workers unions VEBA fund[2] with a 17.5% stake, and the unsecured bondholders of General Motors with a 10% stake.[45] The selling company is called Motors Liquidation Company (see below).[48]"
General Motors Chapter 11 reorganization - Wikipedia the free encyclopedia

So, what is VEBA?

 

[OKTexas]

So the union was a secured creditor? Really? That's the only way they could be higher according to your links.

Yep, as they were being treated like a creditor I suspect but I haven't looked into that closely. Your turn...

Unions are not "secured" creditors.

I would tend to agree however it appears they were creditors, and creditors are before bondholders who are before stockholders.

Now I know you don't know jack. A bondholder *IS* a creditor.

Who Gets Paid First When a Company Goes Bankrupt Chron.com

If the bankrupt company still has money left over, it starts paying its unsecured creditors. These debts not based on a physical piece of property. Unsecured debts could be credit card bills, unpaid insurance premiums and bank loans that weren't backed up by property. It also includes payments to bondholders.​

I knew as soon as I read that, that you were farting on the forum.... again...

I don't get why you people make up crap, and think we won't find out.

Bottom line is this...

The Unions can only apply to be on the bankruptcy, if they can make a claim that they were owed unpaid union dues, or related contractual payments.

So clearly they had a case to be made against GM.

However, they would have been listed as unsecured creditor, just like all bondholders. They were not a superior position according to bankruptcy law.

That is exactly why Obama intervened illegal, oh behalf of the Unions.

While the Unions had some about of money to submit a claim on, the bond holders had far more.

GM filed a total debt of $172 Billion dollars. The unions had an unsecured creditor claim of $20 Billion.

The total remaining unsecured creditor claims, was $30 Billion.

Point being, no matter how you cut it, or check it, or what perspective you take on it.... by law, the Unions should have received the smallest portion out of the bankruptcy, just above the stock holders, which got zero.

Unfortunately, the Unions which caused the bankruptcy to begin with, were rewarded for destroying the company, and wiping out tens of billions of tax payer money..... by getting the second largest stake in the company. The exact opposite message we want to send.

More so, you people on the left, are the most irrational people on the planet... you actually support something that harmed jobs, harmed the economy, and drove up taxes on yourself. How dumb can you be.

Bondholders are unsecured creditors, you are correct. The question was why was the union ahead of the bondholders?

"The plan for General Motors' bankruptcy is to auction off the company's assets in a section 363 sale.[2][3][4][45][47] Because the price that these assets are expected to sell for is very high, there is expected to be only one bidder in the auction, a new company NGMCO Inc.[1] This company is formed by the United States government with a 60.8% stake, the federal government of Canada and provincial government of Ontario with an 11.7% stake, the United and Canadian Auto Workers unions VEBA fund[2] with a 17.5% stake, and the unsecured bondholders of General Motors with a 10% stake.[45] The selling company is called Motors Liquidation Company (see below).[48]"
General Motors Chapter 11 reorganization - Wikipedia the free encyclopedia

So, what is VEBA?

In other words, a rigged game.

 

[PaintMyHouse]

Yep, as they were being treated like a creditor I suspect but I haven't looked into that closely. Your turn...

Unions are not "secured" creditors.

I would tend to agree however it appears they were creditors, and creditors are before bondholders who are before stockholders.

Now I know you don't know jack. A bondholder *IS* a creditor.

Who Gets Paid First When a Company Goes Bankrupt Chron.com

If the bankrupt company still has money left over, it starts paying its unsecured creditors. These debts not based on a physical piece of property. Unsecured debts could be credit card bills, unpaid insurance premiums and bank loans that weren't backed up by property. It also includes payments to bondholders.​

I knew as soon as I read that, that you were farting on the forum.... again...

I don't get why you people make up crap, and think we won't find out.

Bottom line is this...

The Unions can only apply to be on the bankruptcy, if they can make a claim that they were owed unpaid union dues, or related contractual payments.

So clearly they had a case to be made against GM.

However, they would have been listed as unsecured creditor, just like all bondholders. They were not a superior position according to bankruptcy law.

That is exactly why Obama intervened illegal, oh behalf of the Unions.

While the Unions had some about of money to submit a claim on, the bond holders had far more.

GM filed a total debt of $172 Billion dollars. The unions had an unsecured creditor claim of $20 Billion.

The total remaining unsecured creditor claims, was $30 Billion.

Point being, no matter how you cut it, or check it, or what perspective you take on it.... by law, the Unions should have received the smallest portion out of the bankruptcy, just above the stock holders, which got zero.

Unfortunately, the Unions which caused the bankruptcy to begin with, were rewarded for destroying the company, and wiping out tens of billions of tax payer money..... by getting the second largest stake in the company. The exact opposite message we want to send.

More so, you people on the left, are the most irrational people on the planet... you actually support something that harmed jobs, harmed the economy, and drove up taxes on yourself. How dumb can you be.

Bondholders are unsecured creditors, you are correct. The question was why was the union ahead of the bondholders?

"The plan for General Motors' bankruptcy is to auction off the company's assets in a section 363 sale.[2][3][4][45][47] Because the price that these assets are expected to sell for is very high, there is expected to be only one bidder in the auction, a new company NGMCO Inc.[1] This company is formed by the United States government with a 60.8% stake, the federal government of Canada and provincial government of Ontario with an 11.7% stake, the United and Canadian Auto Workers unions VEBA fund[2] with a 17.5% stake, and the unsecured bondholders of General Motors with a 10% stake.[45] The selling company is called Motors Liquidation Company (see below).[48]"
General Motors Chapter 11 reorganization - Wikipedia the free encyclopedia

So, what is VEBA?

In other words, a rigged game.

In general, yes, in this case, no, it would seem. Bonds, like stocks, are risky, You can only lose your investment, not your house, but that's the price of entering the game.

 

[OKTexas]

Unions are not "secured" creditors.

I would tend to agree however it appears they were creditors, and creditors are before bondholders who are before stockholders.

Now I know you don't know jack. A bondholder *IS* a creditor.

Who Gets Paid First When a Company Goes Bankrupt Chron.com

If the bankrupt company still has money left over, it starts paying its unsecured creditors. These debts not based on a physical piece of property. Unsecured debts could be credit card bills, unpaid insurance premiums and bank loans that weren't backed up by property. It also includes payments to bondholders.​

I knew as soon as I read that, that you were farting on the forum.... again...

I don't get why you people make up crap, and think we won't find out.

Bottom line is this...

The Unions can only apply to be on the bankruptcy, if they can make a claim that they were owed unpaid union dues, or related contractual payments.

So clearly they had a case to be made against GM.

However, they would have been listed as unsecured creditor, just like all bondholders. They were not a superior position according to bankruptcy law.

That is exactly why Obama intervened illegal, oh behalf of the Unions.

While the Unions had some about of money to submit a claim on, the bond holders had far more.

GM filed a total debt of $172 Billion dollars. The unions had an unsecured creditor claim of $20 Billion.

The total remaining unsecured creditor claims, was $30 Billion.

Point being, no matter how you cut it, or check it, or what perspective you take on it.... by law, the Unions should have received the smallest portion out of the bankruptcy, just above the stock holders, which got zero.

Unfortunately, the Unions which caused the bankruptcy to begin with, were rewarded for destroying the company, and wiping out tens of billions of tax payer money..... by getting the second largest stake in the company. The exact opposite message we want to send.

More so, you people on the left, are the most irrational people on the planet... you actually support something that harmed jobs, harmed the economy, and drove up taxes on yourself. How dumb can you be.

Bondholders are unsecured creditors, you are correct. The question was why was the union ahead of the bondholders?

"The plan for General Motors' bankruptcy is to auction off the company's assets in a section 363 sale.[2][3][4][45][47] Because the price that these assets are expected to sell for is very high, there is expected to be only one bidder in the auction, a new company NGMCO Inc.[1] This company is formed by the United States government with a 60.8% stake, the federal government of Canada and provincial government of Ontario with an 11.7% stake, the United and Canadian Auto Workers unions VEBA fund[2] with a 17.5% stake, and the unsecured bondholders of General Motors with a 10% stake.[45] The selling company is called Motors Liquidation Company (see below).[48]"
General Motors Chapter 11 reorganization - Wikipedia the free encyclopedia

So, what is VEBA?

In other words, a rigged game.

In general, yes, in this case, no, it would seem. Bonds, like stocks, are risky, You can only lose your investment, not your house, but that's the price of entering the game.

Actually I was referring to the selling of the assets as a whole rather than breaking them up so multiple bidders could have competed for them. It was rigged so GM could keep its assets at a bargain price.

 

[bripat9643]

We look forward to Trump making his tax returns public.

Why?

Why? Don't you follow politics? Among other things, it would show that he has nothing to be ashamed of.

The real reason is so turds like you can go over it with a fine-toothed comb looking for anything you can excoriate him for even though it might be perfectly innocent, like Romney's overseas bank accounts.

Liberals know there's a vast mass of numskulls out there who will swallow this kind of bullshit.

 

[Vigilante]

I find this most illuminating....

Donald Trump and Ted Cruz have best records for doing what they promise!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The Examiner ^ | August 2, 2015 | Jack Dennis, San Antonio Examiner
When Ted Cruz and Donald Trump meet on Thursday, it will be their second one-on-one get-together since mid-July. The two are gaining in popularity according to the latest polls released this weekend. They both know Jed Bush is the man to beat for the Republican nomination for President. Also recognized, by penetrating the sacred, powerful and shady capitalist’s protected turf, the vicious fury of the GOP and Democratic leadership is about to be unleashed against them in the media. Bush, with the power of the Republican establishment in his corner, has raised about $104 million in campaign funds from super...

 

[Desperado]

Any honest person will say the same thing.
No sane person would willingly pay more than they have too. If they say they would willingly pay more, ask them what is stopping them?
The can always add an additional amount when they pay.

 

[Lakhota]

I dare Trump NOT to release his tax returns.

Presidential candidates have long history of releasing tax returns - CNN Political Ticker

 

[Vigilante]

I dare Trump NOT to release his tax returns.

Presidential candidates have long history of releasing tax returns - CNN Political Ticker

He stated he would when the Hildebeast releases ALL her e-mails! Sounds like a fair and equitable swap!

 

[OKTexas]

I dare Trump NOT to release his tax returns.

Presidential candidates have long history of releasing tax returns - CNN Political Ticker

Like he gives a crap about you and your dare, LMAO. There is no legal requirement to release tax returns, the required financial statements should be sufficient.

 

[BluesLegend]

We look forward to Trump making his tax returns public.

Why?

Why? Don't you follow politics? Among other things, it would show that he has nothing to be ashamed of.

The real reason is so turds like you can go over it with a fine-toothed comb looking for anything you can excoriate him for even though it might be perfectly innocent, like Romney's overseas bank accounts.

Liberals know there's a vast mass of numskulls out there who will swallow this kind of bullshit.

Or in Romney's case since he refused to release them Harry Reid just made up a blatant lie. There is nothing lower in this world than a liberal.