The policy solution to #TrumpTaxReturns is to cap or ban carry-forward losses. Ordinary schlubs see parking meters reset, lest they get a break of 50 cents. For rich real estate developers the losses they conjure last forever. Easily fixed.
We have a tax code that is enormously favorable to real estate developers that can steal from their own companies and report dubious losses. Congress also has the ability to remedy that.
"He took advantage of a provision of the Great Recession bailout that allowed income from canceled debt to be completely deferred for five years, then spread out evenly over the next five"
Sadly #TrumpTaxReturns reflect the bipartisan mangling of the tax code to serve the rich
Legend
Let's get one thing clear: these business "losses" aren't losses, they're thievery. Millions in "consultant fees that appear to be payouts to Ivanka. They both enrich a family member and wipe out taxes.
Haha Trump using his office as an ATM
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