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Reply to "Someone leaked Trump's 1995 tax returns"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No one should care. NOLs are basic non-partisan fundamental tax policy that reflects economic reality. They are not loopholes. They involve no trickery. They are a cornerstone of ALL income tax systems worldwide. Further, no one has ANY idea how that 912 million dollar loss was adjusted in subsequent years. It may we'll be that subsequent events lessened that loss. Do you know if amended returns were filed? Really, the only thing this thread (and related threads) have shown is that the "highly educated and very smart DCUM audience has no idea how taxes work. At all. And really shouldn't be commenting on it at all. For the record, I am not a Trump supporter in any sense. I will not vote for him. I will not advocate for anything that joke says. But if you are going to go on the attack, please do so based on solid policy grounds. Not some knee jerk reaction to something you don't understand. [/quote] And once again, the issue is not that he took advantage of the legal tax laws.[/quote]Your one sentence says it all.[/quote] So you don't get that Trump has built his legitimacy for the Presidency on the business acumen he claims to have. He also claims to have created thousands of jobs, and if he can do it in the private sector, he can lead as president. But whoops, he managed to bungle making money in a regulated industry to the tune of a Billion dollar loss. In that process, he stiffed thousands of workers they paychecks in the construction of the casinos and then closed the casinos, costing additional jobs both directly and indirectly. What he did to Atlantic City is a poster for what he would do to the United States. So yes, what he did was perfectly legal, but it undermines the entire house of cards his campaign has been predicated on. I would also add that there is no validation that the loss he claims is accurate, and thus no validation that the carry-over losses are valid. [/quote] If you don't think that a 900 million dollar loss attracts immediate attention from the IRS and state taxing authorities, you have clearly been taking advantage is legal weed in the Distrct. [/quote]
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