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Political Discussion
Reply to "Someone leaked Trump's 1995 tax returns"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It is legal and that is what matters ...... I say this as a liberal who uses every available loophole and strategy to pay as little in taxes as I can. Who in their right mind would forgo legitimate deductions to pay more in taxes than they should? Trump can be faulted for many other things but minimizing his taxes using legitimate methods is not one of them.[/quote] Yeah but here's the kicker from the article: "The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan." There's something wrong when someone can cause that much financial damage/ruin and not feel any of it himself. So many people over the years have lost so much because of his ineptitude and unscrupulous business practices. But he himself has never paid a price.[/quote] Then one should change the tax laws ........but faulting someone for taking write offs or carrying forward losses against future income when that is allowed is where I have an issue.[/quote]
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