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Originally posted by: Roulette Man
You obviously have no clue of what net operating losses are.
Originally posted by: Roulette Man
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Originally posted by: malibber2Quote
Originally posted by: alanleroyIIQuoteHow much income tax do you think he should pay on negative 916 million of income?
Originally posted by: malibber2Quote
Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.
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At least Romney paid 13% one year. Of course Trump’s tax plan is that guys like him need even more tax cuts. Trump is a taker not a maker.
He should only be allowed to carry over $3,000 a year in losses like the rest of us mortals.
You obviously have no clue of what net operating losses are.
None whatsoever.
I just love how the headlines that he didn't pay taxes for 18 yrs, that's what the ordinary idiot reads anyway.
Also, so what if he pays little to no taxes LEGALLY, that's the current tax code and only goes to show how smart his accountants are.
Does anyone here, or anywhere instruct their acct.s to make sure "I pay as much as possible in taxes, OK?".