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How a simple Tax Rule Let Donald Trump Turn 916$ Million Loss into a Plus
How a simple Tax Rule Let Donald Trump Turn 916$ Million Loss into a Plus
Tax rule: loss money?
Escape taxation possible.
1990: Trump bankrupted
Used it: avoid taxes
2% of American losses
Maneuver : 18 years
Tax protection
Eased path
New career
Took advantage of his position
"used tax law&acumen correctly"
Unclear manigances
Dislosure
.
Led to political issue+ questionning
Impossible for mere wages
Tax rules
Advantage for wealthy
500 000 similar cases
Rule : Profit for owners : taxed
Hard labor
.
Tax on earned money?!
Unfair
Everybody better of :
taxation on average income
No taxation : income/year
Trumps losses: hundred millions $
Casinos, hotel property Manhattan, airlines,...
Borrowed money: loss, no taxation
Trump: "legal"
Audit: administratively closed case
New limites discussed soon