It's not a loophole it's called a net operating loss and it's used by over a million Americans annually. The Clintons and the New York times are two notable examples of entities who have used it. You don't know what you're talking about. That's how they fool you with their spin.
Ask whoever does your taxes if they think using a net operating loss is fraudulent or a loophole or whatever term you want to use. This is what the left wing media and the clinton campaign are telling you and what you are eating up like a fat kid in a candy store. It's fucking stupid that people buy this shit. That pisses me off.
either he's a terrible businessman or it was a carefully crafted abuse of the system. Its gotta be one or the other, we're talking about nearly a billion dollar loss on the books that allowed him to not pay taxes for like 20 years.
There was a tax change that year that royally fucked many in the real estate business. Being one of the biggest real estate moguls out there he got whacked. The fact that he bounced back from it is pretty remarkable, no?
I'm not really impressed by someone who bounced back from losing a billion dollars no. He then takes his company public, investors lose 90 cents to the dollar because he does things like requiring his hotels to be outfitted with expensive Trump Brand water. As CEO he takes on a large salary, of which he doesn't have to pay taxes on it because he previously lost A BILLION DOLLARS. He lives the faux-rich lifestyle , has a TV show about the faux-rich lifestyle and runs for President as a faux-rich asshole. So to answer your question. no. its not pretty remarkable. Assuming the losses were legitimate and he didn't game the system, that is. If he did game the system with a manipulated billion dollar loss, I would consider that to be remarkable
Do you know of any past president or candidate that doesn't pay as little in taxes as possible? Talking about Trump playing the system when Clinton is on the other side is laughable. The only difference between the two of them is that Clinton has more help from the government to play the system.
There's nothing about his released taxes that show gaming the system though. Net operating loss is a simple thing used by many Americans all the time. It's the same thing Clinton did here. https://m.hrc.onl/secretary/10-docu...linton_2015_Form_1040_with_Signature_Page.pdf Now, if someone could please explain how you start a charity and get rich please?
I know it's not playing the system, just using the phrase Poe used. Every smart person plays the system as well as they can, only difference is Clinton is part of group that helped shape that system. Why anyone would go after Trump for utilizing the system rather than be angry at those who shaped the system is beyond me.
let me just point out for anyone who may have missed it that you compared Bill & Hillary's $700,000 loss to Trump's $1 BILLION loss
They didn't have a billion to lose. They're getting there now that they've started a charity though. Yes it's a big number, but he deals in huge numbers most people can't even fathom.
At least trump lost a billion of his own dollars. http://www.washingtontimes.com/news/2014/apr/4/state-dept-misplaced-6b-under-hillary-clinton-ig-r/
American Airline wrote off $4.7 Billion. If the system is broken fix the system, don't blame people for playing by the rules that politicians have made.
Where did I say I blame Donald Trump?? I did not. I simply said I think he's an absolutely terrible businessman IF he indeed lost close to a billion dollars. In fact I said the opposite. If it turns out he gamed the system by manipulating the books with such a loss I would find that to be remarkable. I believe my quote was "either he's a terrible businessman or it was a carefully crafted abuse of the system."
The funny thing is that he DID lose money for other people.The year after this tax return in question he took Trump Resorts public and his investors lost everything. everything!!!! All while he took a handsome salary as CEO and didn't have to pay taxes on it because he previously lost a billion dollars on his own. He is the only person ever to make money out of trade symbol DJT and it was as a result of mismanagement and ripping off his investors. He is faux-rich and a terrible businessman running on the idea that he's going to fix this country because he's a great businessman. Holy fuck I can't believe this is real life! And it shocks me that smart people are falling for this nonsense much like his investors fell for it with his IPO. Some of those investors were probably smart people too. some of the students at Trump U. were probably smart people too. They were all conned by this complete asshat
Isn't it all relative though? If he had a company worth $10 billion and lost a billion is it that big of a deal? Losing 10% of your companies value would suck balls, but he came back and made it bigger and better.
sorry but you are killing me NSN.I need a damned cocktail. He didn't come back and make it bigger and better he just shifted the losses to his investors and went bankrupt again
Are people falling for it or is his sucvess so far a reflection of the other candidate and the current state of politics overall?
