Viktor
Diamond Member
Business owners are allowed to deduct their expenses and some of their operating losses from their taxable income before their tax is computed. That means some years Trump will pay heavy taxes and other years his income tax burden is very low.
The provision is called "carryover loss deduction." It helps keep business operating in lean years and supports jobs for it's exployees.
The provision is called "carryover loss deduction." It helps keep business operating in lean years and supports jobs for it's exployees.