Reply to The BIG ONE: 20 years of Trump taxes obtained by NYTs

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[quote=Anonymous][quote=Anonymous]So  Trump is like 75,000,000 other Americans who pay no income taxes.

As a CPA I can professionally tell everyone here that &gt;99% of DCUMers have absolutely no idea how business or high wealth taxes work, yet will jump to whatever conclusions they see fit.

Look at amazon as an example. Every letter to shareholders they advocate for “maximizing the present value of future cash flows” (if you don’t know what that means you have no hope of understanding Trump's tax returns).

Ultimately it is a strategy to reinvest cash flows into future earning potential to avoid paying income taxes. Amazon as a company had negative net income but was still worth hundreds of billions of dollars due to generating massive future free cash flow.

At some level, if you have positive net income as a business, you don’t know what to do with your money and are happy to waste some on tax. That sums up trumps tax returns - he doesn’t want to waste any money paying taxes.

Reading New York Times attempt to analyze trumps tax returns is like reading a toddler try to interpret Benjamin Graham.  NYT's hack job is pure cringe worthy. They aren’t even consistent on how they talk about depreciation and never even mention what free cash flow even is.

To all the democrats out there - this ain’t it chief.  Of course this will never get brought to light with a free and fair counter argument published in the NYT, because discussing gritty aspects of the US tax code is a snooze fest. Gotta sell the hyperbole and outrageous headlines.[/quote]

Maybe we dont understand it but we can understand that it isnt fair/ethical (again something can be unethical and legal) and thats enough to change some people's minds.  All the tax laws and loopholes, has anyone ever compared the increase in these loopholes and the increase in income equality?  Meanwhile the IRS has been decimating loopholes for individuals. As a server, you cant deduct clothing that isnt a uniform even though you cant possibly wear that clothing anywhere other than work (due to smell). I mean the dude wrote off haircuts.  :roll: [/quote]

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