Long-Concealed Records Show Trump's Chronic Losses and Years of Tax Avoidance

So you expect everyone to be a lemming?

The majority of internet tax accountants that have popped up is astonishing. Most people have no comprehension the impact of businesses on one's personal tax filings, and likely the NYT has some level of comprehension of that, so they release bits and pieces of a document they claim they can't show 'you', and people actually believe what they are saying without knowing a damn thing about the subject they are drooling over.

Jayzus....

 

Nope.

You still usually have the asset when depreciation is done. There is a residual value, and with real estate (which is a good percentage of Trump holdings) even after the depreciation it can increase in value.

 

No he didn’t pay millions in taxes. He paid $750. Two years in a row.
The “millions” is effectively a credit against future taxes. We don’t know how much if that might have already been paid back to him. Or maybe the IRS is keeping it for some of the back taxes he owes.

 

On top of that, his tax returns complete finishes the Russian conspiracy hoax cause there was nothing in there showing any payments or connections to Russians.

 

Tax evasion and tax avoidance are not the same. Tax EVASION is illegal. Tax AVOIDANCE is not illegal. Look them up.

 

Depreciation relates to assets, not income. I believe his business did fail at some point and was bankrupt. If it was a chapter 11 bankruptcy the loss carryovers could eliminate income taxes for several years even if the version of the company arising from the bankruptcy is successful. I don't know the details of his businesses and don't care but I wanted to point out the possibility of a profitable company having no income tax liability for years.

I had a losing year in my business at one time and I carried over enough loss to eliminate any income taxes the following year which was profitable.

 

So you have nothing. And if Trump could disprove it, he should.

 

Then have that stain sue me.