- Joined
- Jul 13, 2016
- Messages
- 6,765
- Reaction score
- 955
- Location
- Land of Logic
- Gender
- Male
- Political Leaning
- Centrist
There is no need - under the Trump Tax Plan, hedge fund guys will pay tax at 15% like all other businesses, which is a lower rate than they're paying now. So he's going to attack hedge fund managers by lowering their tax rates.
The only potential issue with his NOL is he almost surely defaulted on some personal debt in those years when the companies filed for bankruptcy, which is normally income. He probably took advantage of a loophole for real estate developers that allows them to write down the value of property (such as his casinos and hotels) instead of report the debt forgiveness income. That gives him a $billion he can take against ANYTHING immediately, versus deductions for depreciation over a long period - 30 years plus depending on the property.
The audit is his convenient excuse - it's not a reason. He just doesn't want his taxes public, which is his choice, but I wish he wouldn't make up stories about the reason.
Excuse? Reason? And you decide which is which?
LOL!
And no......he said he was going to increase taxes on the hedge fund guys.
That's INcrease.
Loophole? He took advantage of a loophole? And Hillary murdered little kids with her Predator Drones.
Let me think about it......ummmm......which shall I vote for?
Think........think........think.
I'm so torn.
:mrgreen: