If people really understood how Taxes work, and in particular how a company carries profit, loss, operating charges etc on their books
As Robert Kyosaki shares when Congress provides a change in the code it is trying to in many cases drive a behavior.
Like buying property after the Obama Bank Crisis.
He did and depreciated it and raked in the Tax benefits and sold at a profit.
If you lose money as a company then you have no profits to be taxed on, so you pay no taxes for that year
“If you lose money as a company then you have no profits to be taxed on, so you pay no taxes for that year”
Yes and I think you can carry it over to the next year’s’.
They changed a lot since I was in business.
Actually, it appears he paid $1 million in 2016, and $4.2 million in 2017, and that information is buried in the story somewhere. The “$750” is one specific payment he made, that is reported as if it is the ONLY payment he made.
Speculation now is that the NytIMES did not have his “tax returns”, but only had records of money Trump SENT to the treasury, and then had to dig up automated transfers. In that theory, the $750 is checks he wrote , I wonder what for since it was the same amount each year.