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Reply to "Debate last night - change anything for anyone?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Prior to the debate I really felt that the chance of Trump winning was getting to the point that I was beginning to lose hope. Heading into the second debate, I was really nervous whether Trump can stay on strategy rather than react to attacks on his personality faults. I still think he could have done a lot better answering the tax question, but maybe his strategy team has reasons not to get too complicated into the tax issues. After last night, I believe that he at the very least came out even if not won. Many times during the debate, it was obvious that Hillary was hunting for answers she didn't have, drawing out her sentences and frequently asking people to just go to her website for fact checks. It is as if she was caught off guard by Trump's performance in contrast to the first debate. Many analysts believe that he needs to have a clear win in this second debate in order to pull out ahead. I don't think we have that, so I am still worried. However, his performance does give me some hope towards the third debate. [/quote] Buffett has paid taxes since he was 13 and he has [b]never used the carry forward loss provision in 72 years of tax filing[/b]. He paid close to $2Million in federal income taxes last year. he is under audit and says that he will release his taxes if Trump does BECAUSE there is no legal reason not to. Buffet was also [b]donated close to #3Billion to charity last year[/b]. [/quote] Berkshire Hathaway is a public company, Trump Organization is not. You cannot really compare the two tax situations, not matter whose side you are trying to argue. If he paid $2M in federal tax last year, don't you think that's a bit low for someone worth $65B?[/quote] Hmmm - $65B in holdings generated $11M in income - or %0.00014%. Yeah, no tax planning there. [/quote] Why are you so keen to display your zero knowledge about finance to the public? $65B(maybe more now) is networth - which means it is paper money, in simple terms, just the number of shares he owns times price of each share. Plus any other assets. His gross income is what the board pays him for his role in the company. [/quote]
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