Posted on 10/31/2016 7:39:24 PM PDT by Oldeconomybuyer
And they were all legal. The horror. But Trump is one of those phonies that wants higher taxes while using these loopholes. Oh wait....THAT'S HILLARY!
In the past 24 hours, the Times has said the Trump and the Russians are not connected and that Trump followed the law when paying his taxes. Well done, Times.
The key word here is LEGALLY.
I know. He creates far greater revenues for America.
Plus they capitalize them.
The Clintons treat businesses like charities, and their charities like businesses. They always talk about greedy corporations as if businesses are not supposed to pursue profits. But “non-profits” seem to be the real way to get rich.
Like the CORRUPT IRS wouldn’t have gone after him!!!
The sheeple who read that rag are voting for her anyways. Unfortunately, she will win NY. How embarrassing.
They are pulling out all the stops. They have no facts, only innuendo from 30 years ago. Shameless.
Bull. Carry loss forward is available to any business owner. Our little company lost a few dollars last year due to poor sales and fixed expenses. We are carrying the loss forward. BFD.
The editorial department may not be aware of it, but you can bet the New York Times' financial department is very familiar with the carry loss forward feature of the tax code.
Yup. I understand the Times lost a few million last year. :-)
Here’s one thing the article failed to address. They say Trump swapped equity in his companies for his forgiven debt. The article says this was banned years later as a tax practice because that equity (or stock) that gets swapped to forgive debt may be worthless.
HOWEVER, in Trump’s case, didn’t his companies rebound later? He went from flat broke to being a billionaire again. So if his creditors were given equity, didn’t their value go up too, and they may have had their forgiven debt paid off and then some in the end?
In that case, what he did was both legal and didn’t screw his creditors over at all.
Even if it was “dubious”, it doesn’t matter because, according to Trump, the IRS has audited him every year now for multiple years. If he had done something illegal, the IRS would have caught it.
New York times is dubiously reported to be a news paper when it really is just fish wrap.
A newspaper that long ago gave up pretending it was objective and decided to go full blown biased with a cause!
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