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Ho-Hum - j.p. - 09-28-2020

We've known this for decades.

https://www.huffpost.com/entry/trump-went-even-further-than-other-uber-rich-to-shrink-taxes_n_5f72495dc5b6e99dc330f8fa


RE: Ho-Hum - k.d. - 09-28-2020

Talk about a nothing burger. The 1st paragraph says it all: The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans.


RE: Ho-Hum - j.p. - 09-28-2020

(09-28-2020, 05:18 PM)k.d. Wrote: Talk about a nothing burger. The 1st paragraph says it all: The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans.
Trump called it fake news.

It's the extreme debt that should concern us.


RE: Ho-Hum - k.d. - 09-28-2020

Who's debt should we be concerned about?


RE: Ho-Hum - j.p. - 09-29-2020

(09-28-2020, 08:38 PM)k.d. Wrote: Who's debt should we be concerned about?
Foreign creditors mostly.


RE: Ho-Hum - k.d. - 09-29-2020

What has that to do with Trump's taxes?


RE: Ho-Hum - j.p. - 09-29-2020

(09-29-2020, 10:26 AM)k.d. Wrote: What has that to do with Trump's taxes?
He used to it to devalue assets for tax purposes


RE: Ho-Hum - k.d. - 09-29-2020

surprisingly common among major real estate developers and other uber-wealthy Americans.


RE: Ho-Hum - j.p. - 09-29-2020

(09-29-2020, 11:04 AM)k.d. Wrote: surprisingly common among major real estate developers and other uber-wealthy Americans.
Incurring massive debt is not a loophole.


RE: Ho-Hum - k.d. - 09-29-2020

We are talking about Trump here, his debt is none of my concern.