Trump's Taxes and the media

[Lrdfancypants]

Machiavellian said:

Lrdfancypants said:

This is what I found interesting because I don't know anyone that doesn't utilize legal deductions to lower the tax burden for either personal or business. 

If all Trump did was use the system to pay no taxes because of losses we would not have any debate.  Its never have been a big question of him using the system to not pay taxes, its him being critical of people who pay no taxes then you find out he doesn't.  Its Trump touting that he is this hugely successful businessman who is worth 6 billion dollars but seems like he is still eating huge personal losses and debt.

So what are the other ways he is avoiding paying taxes.  Does he has holdings in multiple countries and tax shelters so he can put the lion share of his income there and continue to pay nothing.  How far down the rabbit whole does Trump go to avoid paying any taxes.  Opening and closing multiple subchapter S corporations for his real estate business.  Its very interesting that this is how Trump actually do his real estate taxes and how he can hide the profits from Trump Organization and other ventures he has as he can write off all the failed real estate property as personal losses.

So when you say Trump is just doing that natural deduction we all do to pay lower taxes its really not the same with how Trump does business.  For 18 years or better he has pretty much used his real estate companies to shelter his income and use them to pay no taxes.

Not only that but in his economic plan he is looking to reducing the pass through taxes with his 15% business rate which would allow him to make even more money while paying no taxes.  Everything that Trump has done so far and his basic plans if he becomes POTUS looks like its a direct way for him to continue to exploit the system even more and I know I will not be the mark for his quest to gain the white house.

 

You're against lowering the corporate tax rate?