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Opinions/Editorials Title: Trump game the tax system and its bad but Warren Buffet game the tax system and its funny! The progressives are whining how Trump has not paid taxes in 20 years but on the on hand they laughed when Buffet said his secretary pays more income tax then he does! Progressives are mental leeches that need to be squashed by Darwinism before they take down the whole human world! Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 3. Has anyone stopped to think how genius Dump managed to loose $900 billion? Do you really want this "genius" running the country? There will be a lot of business men who have been in the same position as Dump but they are not going to tell you about it. People like Dump donate to charity because they don't want to give money to government, it might be called tax avoidance but there can be no suggestion of tax evasion, there must be some big deductions available for running for president, afterall the salary is only $400K
Replies to Comment # 3. " how genius Dump managed to loose $900 billion? " $900 Billion ?? I think it was actually $900 million.
#6. To: paraclete (#3) Has anyone stopped to think how genius Dump managed to loose $900 billion? If I were to hazard a guess, knowing tax law, he is a real estate investor. So he takes heavy depreciation allowances on all of the properties he owns. That generates a tax loss. He also probably contributes a lot to his private foundation (where he still controls the money). That generates a big tax loss. Because he's a big player, he can borrow lots of money. The interest on that money is tax deductible, as a cost, but the income it generates is offset by the depreciation allowance. Lots of games that can be played with the tax code.
#9. To: paraclete, Justified (#3) Has anyone stopped to think how genius Dump managed to loose $900 billion? It's million, and the way it is done is to start with billions. You have to have it to lose it. To survive and thrive, you need still more pocket change hanging around. As for government salary, ask Bill and Hill. Went from bankrupt to $300 million. Whatever were their benefactors buying for all that loot?
#11. To: paraclete (#3) Has anyone stopped to think how genius Dump managed to loose $900 billion? Warren Buffett has lost $2.6 billion on IBM. I believe he will have lost another $11 Billion on betting against BREXIT. To businessmen its just another day in the office. Win big means you will have lost big at times. But hey at least Buffetts secretary pays some income tax! ;)
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