It was his PERSONAL taxes!

[Equinox Moon]

Last edited Mon Oct 3, 2016, 10:23 PM - Edit history (1)

Not his corporation. This is a key distinction.

[MyNameIsKhan]

1. Yup... there is no comparison between a publicly traded company and someones personal taxes

[Equinox Moon]

3. Huge difference that can be discussed by media talking heads

[radical noodle]

2. Which was likely a combination of all his businesses

Depending on how they're set up. Different entities have different reporting issues on a personal return. I wonder how many businesses he has? 50? More?

I'm betting he has money flowing back and forth from one to another to take advantage of different year ending dates.

[TexasTowelie]

4. Playing the shell game

and starting new companies so that he could pass through the losses to his personal taxes each year. I doubt that he has paid federal, state and local income taxes forever.

[Equinox Moon]

5. His taxes proves the loop-holes for real estate business.

Companies that get the most write-offs are:
Pharmaceutical
fossil fuel
real estate

I am sure there are others, but the point is billionaires lobbied to create these tax laws; for themselves!

[radical noodle]

6. When a building is depreciated out

He can likely sell it to another one of his companies and depreciate it all over again. I worked for businesses that did that. They would form a business just to buy the property. Depreciation is a great write off.

[oasis]

7. Yup, what's with all of this "fiduciary responsibility" bullcrap?

MSM don't let this one slide.

[Kathy M]

8. K & R for exposure

This is a big part that should not get lost in this subject .

Chris Hayes had guest on explaining ... looks like Don using pass through business to personal ... so it will benefit don in the end

Hope I got that semi okay......

[Equinox Moon]

9. Media is missing this...

... just watched the local news and they actually said, "his business taxes."

Wrong. It was his personal taxes.

[Gothmog]

10. There was no fiduciary duty owed to anyone