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I say you don't know the difference because you don't realize that Trump had to pay the money he's writing off as losses now. You also think it's operating losses and don't grasp the difference between that and tax losses.
As I asked Care4AllLiberals, if I pay $50 for a share of stock, then I sell it for $50, why do I need to pay taxes on the $50? I just got my money back?
If Trump spent billions on his business, why does he have to pay taxes to get the money back he put in that aren't even profits?
Let me ask you a question. Do you know that clause which allows Trump to carry over that incredible loss is called the NET OPERATING LOSS provision. Do you know why that is different from the losses that regular businesses are permitted to carry over?
Do you even look at the released pages?
You likely know more about tax law than I do. Congratulations. But you need to grasp what TRUMP did here. It is not what you seem or think it is. It's shit that can only be taken advantage of by people who work the system in ways that exceed the normal businessman trying to reduce his tax burden.
Do you realize that his message is that.... taking such advantage of the system should not be possible? I doubt he even does his own taxes, at that level it would make no sense at all. His accounting firm most likely does his taxes and as they always do... minimizes them.
My accountant does my taxes. That's not unusual. What is unusual is the complex array of holdings that this fucker has which allow him to play the game on a different field than the rest of us. That's all done intentionally to avoid paying what is considered a fair share of taxes.
Some people.....retards mostly...think taxes are unconstitutional and they think this shit is awesome. I'm not one of those people.
Where is the actual statement?
Anyway, can't blame his accountant for doing a good job. I am sure he would close such a loop hole however... he's been speaking about that kind of gaming for 30 years now. It does seem like his accountants may have found some loop holes to close.
Trump's tax writeoff shows his 'genius' at business, advisers say
"I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them. #failing@nytimes," Trump wrote on Twitter on Sunday."
Good old Trump hyperbole, but he is right about fixing it.
I find lawyers and accountants to be OK, but the best tax and acquisition strategies for the businesses I bought and sold I thought of and proposed to them, not the other way around
Hillary did kill 4 people and no one cared.
Yes, the American electorate is a sick joke
Hillary didn't kill anyone.
That shit is why you don't get the benefit of the doubt from intelligent people. That's a retarded thing to say.
Since when did you get to speak for "intelligent people?" And yeah, leaving Stevens and his cohorts there when they were begging for help because it was politically inconvenient to provide it was killing them.
How about all the American troops she killed as well as Iranians, Syrians and Afghanis when she voted for the wars that were not for the defense of the American people?
You earn the mocking that I inevitably end up giving you. You say fucking retarded things. You actually have a brain....but you are just fucked up
You're an intellectual mediocrity
Yes. Which is how I get your goat with such ease.
I see you gutless liberals are still trying to demonize Trump for taking legal tax deductions. What lowlife scum you are.
What's more important is that Trump had to take huge BUSINESS losses in REAL ESTATE to get those deductions...
...you know, the Trump who claims he's such a brilliant BUSINESSMAN in REAL ESTATE.
Speaking of idiots, you know nothing of business go bake your rainbow cookies.
Is it not true that Trump's "losses" were not his losses at all but his investors' losses?Why do you think I don't know the difference? I've not said anything that would give you that impression.
It isn't a matter of "understanding" business with me, bro...it's a matter of practical experience. I own two successful businesses. I'm happy to pay my fair share.
I say you don't know the difference because you don't realize that Trump had to pay the money he's writing off as losses now. You also think it's operating losses and don't grasp the difference between that and tax losses.
As I asked Care4AllLiberals, if I pay $50 for a share of stock, then I sell it for $50, why do I need to pay taxes on the $50? I just got my money back?
If Trump spent billions on his business, why does he have to pay taxes to get the money back he put in that aren't even profits?
Let me ask you a question. Do you know that clause which allows Trump to carry over that incredible loss is called the NET OPERATING LOSS provision. Do you know why that is different from the losses that regular businesses are permitted to carry over?
Do you even look at the released pages?
You likely know more about tax law than I do. Congratulations. But you need to grasp what TRUMP did here. It is not what you seem or think it is. It's shit that can only be taken advantage of by people who work the system in ways that exceed the normal businessman trying to reduce his tax burden.
Do you realize that his message is that.... taking such advantage of the system should not be possible? I doubt he even does his own taxes, at that level it would make no sense at all. His accounting firm most likely does his taxes and as they always do... minimizes them.
My accountant does my taxes. That's not unusual. What is unusual is the complex array of holdings that this fucker has which allow him to play the game on a different field than the rest of us. That's all done intentionally to avoid paying what is considered a fair share of taxes.
Some people.....retards mostly...think taxes are unconstitutional and they think this shit is awesome. I'm not one of those people.
If HE personally lost one billion that year, how much did he lose for his investors? And why did anyone ever invest in his companies again?
As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
No, that's not my defense of Trump's business acumen.As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
No, that's not my defense of Trump's business acumen.As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
That's my mockery of your abject ignorance.
.
As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
You appear to be completely flummoxed by the fact that otherwise successful businesses sometimes lose money.No, that's not my defense of Trump's business acumen.As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
That's my mockery of your abject ignorance.
.
Where have I EVER been wrong on this subject? Be specific.
I say you don't know the difference because you don't realize that Trump had to pay the money he's writing off as losses now. You also think it's operating losses and don't grasp the difference between that and tax losses.
As I asked Care4AllLiberals, if I pay $50 for a share of stock, then I sell it for $50, why do I need to pay taxes on the $50? I just got my money back?
If Trump spent billions on his business, why does he have to pay taxes to get the money back he put in that aren't even profits?
Let me ask you a question. Do you know that clause which allows Trump to carry over that incredible loss is called the NET OPERATING LOSS provision. Do you know why that is different from the losses that regular businesses are permitted to carry over?
Do you even look at the released pages?
You likely know more about tax law than I do. Congratulations. But you need to grasp what TRUMP did here. It is not what you seem or think it is. It's shit that can only be taken advantage of by people who work the system in ways that exceed the normal businessman trying to reduce his tax burden.
Do you realize that his message is that.... taking such advantage of the system should not be possible? I doubt he even does his own taxes, at that level it would make no sense at all. His accounting firm most likely does his taxes and as they always do... minimizes them.
My accountant does my taxes. That's not unusual. What is unusual is the complex array of holdings that this fucker has which allow him to play the game on a different field than the rest of us. That's all done intentionally to avoid paying what is considered a fair share of taxes.
Some people.....retards mostly...think taxes are unconstitutional and they think this shit is awesome. I'm not one of those people.
His field is exactly what ours are.
The exact same fundamental basics, Holmes. More money, more investments make it harder to all figure out and more choices how to do it just because there are more pieces on the table. But there is no actual difference in the rules. Sorry, guy
Incorrect. I'm surprised that a libertarian would so vigorously defend a New York elitist who games the system.
As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
Why do you have to come in and ruin these discussions for all of us who actually have a clue what is going on? Your rhetoric is stupid, you are stupid... Why not go get some knowledge and come back?
Everyone minimizes their taxes, this is common knowledge. Go away troll.
You appear to be completely flummoxed by the fact that otherwise successful businesses sometimes lose money.No, that's not my defense of Trump's business acumen.As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
That's my mockery of your abject ignorance.
.
Where have I EVER been wrong on this subject? Be specific.
You just keep posting about it, no matter what.
That's not just wrong, it's very funny.
.
Why do you think I don't know the difference? I've not said anything that would give you that impression.
It isn't a matter of "understanding" business with me, bro...it's a matter of practical experience. I own two successful businesses. I'm happy to pay my fair share.
I say you don't know the difference because you don't realize that Trump had to pay the money he's writing off as losses now. You also think it's operating losses and don't grasp the difference between that and tax losses.
As I asked Care4AllLiberals, if I pay $50 for a share of stock, then I sell it for $50, why do I need to pay taxes on the $50? I just got my money back?
If Trump spent billions on his business, why does he have to pay taxes to get the money back he put in that aren't even profits?
Let me ask you a question. Do you know that clause which allows Trump to carry over that incredible loss is called the NET OPERATING LOSS provision. And do you know why Trump benefits from it more than more traditional businesses owners ever could?
Do you even look at the released pages?
You likely know more about tax law than I do. Congratulations. But you need to grasp what TRUMP did here. It is not what you seem or think it is. It's shit that can only be taken advantage of by people who work the system in ways that exceed the normal businessman trying to reduce his tax burden.
Again you're proving you know ZERO about business.
Every tax loss in a business was from one of two things:
1) Money the owners put into the company which they paid taxes on when they earned it
2) Money the company made and the owners paid taxes on when they earned it
Money in a company can't come from nowhere. Honestly, your lie that you own two businesses is, wow, incredible given your lack of knowledge of even the basics of business.
The point is, taxes were paid on the money that became losses. The most common losses, particularly early in a business, are from the owner getting money back they put into the company, which is why I assumed that. But either way, the losses are against money that was taxed
You just called me a liar again. What's your problem. We've gone over this before. Why won't you admit your error?
You probably think capital gains taxes are bullshit, right? You are talking yourself into circles. The subject it Net Operating Losses and how owners of complex businesses can take max advantage of the provision.
And....this isn't a business discussion, douchebag....it's a tax discussion. I thought you knew something about taxes....but now I'm not so sure. Your numbers one and two above being the only losses that a business can claim is retarded.
Time for you to say something intelligent.
Yes, capital gains taxes are bullshit. And it's a business tax discussion. I can't believe someone who knows nothing about business taxes runs businesses. I have a CPA prepare my taxes, I don't prepare my own taxes. But I'm all over how they work. How can you not be and run your business effectively? And as I said, I've proposed strategies to him. CPAs fill out forms. Tax strategy is a business issue
I don't think these folks understand.As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
Why do you have to come in and ruin these discussions for all of us who actually have a clue what is going on? Your rhetoric is stupid, you are stupid... you simply do not have the knowledge required to run a lemonade stand. Why not go get some knowledge and come back?
Everyone minimizes their taxes, this is common knowledge. Go away troll.
As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
Why do you have to come in and ruin these discussions for all of us who actually have a clue what is going on? Your rhetoric is stupid, you are stupid... Why not go get some knowledge and come back?
Everyone minimizes their taxes, this is common knowledge. Go away troll.
It isn't hard to minimize your taxes when your business ventures lose a billion bucks in a year.
That's MY point.
Uh, yes.You appear to be completely flummoxed by the fact that otherwise successful businesses sometimes lose money.No, that's not my defense of Trump's business acumen.As we know, left wing business owners don't take available deductions, because then they wouldn't be paying their "fair share".
Warren Buffett and Bill Gates specifically instruct their accountants and CPAs to avoid using any deductions, credits or loopholes.
I think we all know this.
.
That's your defense of Trump's business acumen? lol, you get better at this every day.
That's my mockery of your abject ignorance.
.
Where have I EVER been wrong on this subject? Be specific.
You just keep posting about it, no matter what.
That's not just wrong, it's very funny.
.
Sometimes? lol
Uh, yes.You appear to be completely flummoxed by the fact that otherwise successful businesses sometimes lose money.No, that's not my defense of Trump's business acumen.That's your defense of Trump's business acumen? lol, you get better at this every day.
That's my mockery of your abject ignorance.
.
Where have I EVER been wrong on this subject? Be specific.
You just keep posting about it, no matter what.
That's not just wrong, it's very funny.
.
Sometimes? lol
My goodness. You really have no clue.
.
