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[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. [b]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.[/b] [/quote]

But "knee jerk reaction to something you don't understand" is the way politics works.  There are politicians at every level of government jerking their knees at policy they don't understand.  The U.S. Congress is chock full of them, placed there by voters who reeeally don't understand.  Why else would anyone make "I don't know how Washington works" the central tenet of their political platform?

Sure, there are a lot of diehard Trump supporters for whom this bit of news makes no difference whatsoever.  But don't underestimate the number who hear "$916 million dollar loss" and start to feel differently.[/quote]

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