I lied about most of the information on this return so that I could take advantage of the system” the most Roses Are Red Violets Are Blue Boxer Shirt legally solid footing to be on. Sure the system has faults, but this appears to be full-on fraud. He should have to pay his debts to our country before he can run for office. It lowest bar ever. That would prevent anyone with federal student loans from holding office as well. Yes, depreciation is a legitimate use of the tax code. But claiming a high value on property to capitalize on loans, then writing off depreciation to lower tax burden, is a fraud. None of this is a surprise, yet it’s still appalling.
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I paid more income tax when I was working minimum wage than this “Billionaire” President did. I think Roses Are Red Violets Are Blue Boxer Shirts there is something wrong with that. It sounds like you don’t like freedom. Trump’s tax returns highlight a very broken fact about our tax code. What Trump did in this scenario might be completely or partially legal due to loss. The way loss works are if you have a net loss of say $10M dollars in a given year, you’re allowed to either report the entire loss that year or divide that loss up to 10 years. So for instance, 3 years after you have that $10M loss, you could have a net income of $900,000 and also avoid paying most if not.
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