Your ignorant shit about Trumps taxes is exactly why you don’t need to see his returns.
Originally Posted by TheDaliLama
It is rich that these media types and leftists and rank armchair retired no-nothings are waxing idiotic on a complicated return like trump’s
The elements in a return like trump”s Are beyond their limited knowledge to be able to assess But the saddest part is they don’t want to know either
Their idiocy cannot be fixed
Someone like trump has been provided leverage in tax law, which if I have to explain that I refuse to
why, because he takes risk, employs thousands of people, buys things that other companies and people sell, who also employ people and keeps the economy churning
His enterprise creates and pays many millions annually in taxes, and more due to the turnover of that money
yeah leverage allows depreciation on more than your capital which creates “non cash” deductions in a year other than the year of payment but that’s because of risk but eventually Everything winnows down to Cash in and cash out
Real estate tax law is written so that losses can be claimed on investments financed by qualified non recourse debt as well as recourse debt in addition to actual capital invested, assuming one meets a threshold of involvement. Why? Because its good for everyone to allow that.
This bullshit is just that bullshit based on politics designed to create smoke and it obviously has
Now Biden, he’s done what that other famous dimocrat John Edwards did, shelter earned income, earned income normally subject to employment tax, social security and Medicare tax , by the use of an s Corp. Biden gives a speech, and oh no, don’t pay me pay my s corp, so that I can just take a rather small salary upon which to pay social security and Medicare and then I”ll take the rest, payroll tax free as a dividend distribution
I heard the Wall Street journal has estimated Biden bypassed 500,000 thousand in social security and another 400k in the unlimited Medicare that way, all from speech giving, no risk no employees, no building things, no churning, just bullshit
