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2016 Postmortem

etherealtruth

(22,165 posts)

7. I can't find links to the actual reports I listened to ... but these come close

Reply to lapucelle (Reply #3)

Mon Oct 3, 2016, 08:48 PM

Oct 2016

The reporting was pretty clear that just because it may be legal ... it doesn't mean its ethical

http://www.npr.org/2016/10/02/496303458/how-donald-trump-could-have-not-paid-income-taxes-for-18-years

But thanks to more generous allowances for real estate professionals, Trump would have been allowed to use his casino losses to offset income from unrelated work, including the millions he earned as star of "The Apprentice" television show, or licensing his name to the maker of Trump neckties.

"Here's the magic of real estate," says Lee Sheppard, contributing editor of Tax Notes, a Washington-based journal. "Congress, which writes the tax laws, affirmatively subsidizes commercial real estate through the mechanism of the tax code."

http://www.npr.org/2016/10/03/496314538/trumps-financial-moves-in-the-90s-genius-or-colossal-failure

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Was Trump's $916,000,000 tax write off legal? [View all] lapucelle Oct 2016 OP

I donot know real estate laws but addendum that shows how he reached -$916 Million will MyNameIsKhan Oct 2016 #1

Listened to a lot of analysis today regarding this ... seems it was likely legal .... etherealtruth Oct 2016 #2

While the deduction might have been legal lapucelle Oct 2016 #3

The analyst I heard talked about that ... but seemingly ... etherealtruth Oct 2016 #4

I can't find links to the actual reports I listened to ... but these come close etherealtruth Oct 2016 #7

He can fudge $916 million loss but IRS would have found out by now after audit. MyNameIsKhan Oct 2016 #5

here is a link etherealtruth Oct 2016 #6

But the IRS only judges what's legal, not what's fair (ntxt) scscholar Oct 2016 #8

Get that and agree, my point is we donot see results of Audit and how much of 916 Mil was allowed MyNameIsKhan Oct 2016 #9