Dunban67 on 03 October 2016
| Soundwave said: Meanwhile in Trump land he still refuses to release his tax returns, his leaked 1995 return shows a billion dollar loss and he's said 4-5 stupid things this week, no thread for any of that lol. |
I think you posted on the wrong thread-
but while you are here....
Hillary used the same accounting method Trump did on her personal tax returns- Anyone who books losses can use them to offset future gains - It is a very common practice - ask any accountant - It is perfectly legal - no one has claimed, even Hillary, that Trump did not pay federal txes that he owed- just that he did not have to pay them-
Warren Buffet, one of the richest men in the world has often criticised the tax code by using the example that he pays less taxes than his secratary - He does this by, among other things, booking losses against future gains-
So maybe it is good you stopped by the wrong thread- you leanred something valuable
