At Good Teachers Can Do Hard Things Shirt this point, I wish Trump supporters would just admit they are assholes and don’t give an about America. I wholeheartedly don’t believe that they are this stupid. It’s not possible. Tax guy here. Depreciation is a personal favorite of Trump (and most big businessmen). His tax reform included a provision allowing for a 100% bonus depreciation. Meaning that a business can essentially write off or expense 100%. Which is the whole concept of depreciation – to take the tax benefit over the useful life of the asset. Do you know who doesn’t have these considerations?? The US Military.
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There were already Good Teachers Can Do Hard Things Shirt several mechanisms in the tax code for accelerating depreciation. It is possible for big businesses to run consistent losses by expanding rapidly and expensing costs upfront. See Amazon’s $0 in tax paid for 2018. Even in the 80s and 90s as his brand was expanding. His interest expense was high, meaning much of his operating cash was likely coming from loans and not actual operating income. Also not guaranteed the right to vote. My husband has been in the military for almost 30 years. Has he ever not been able to vote?
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