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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (609805)	10/2/2016 9:29:33 AM
From: Follies	3 Recommendations Recommended By alanrs FJB unclewest Read Replies (4) \| Respond to of 793955

I don't get the brouhaha over Trumps taxes. Can anyone correct these statements if they are wrong? 1. The 900+ million was a capital loss. Capital losses can be carried forwarded and used against capital gains but only 3000 can be used against earned income, that would take 300 years to use it up that way. In other words, having a 900 million loss one year tells you very little what your tax bill will be in subsequent years. Saying trump paid no taxes in the following years is pure speculation. 2. Anyone with large assets could live like a king (or a Soros or a Clinton) and pay no taxes for years. If one had a capital gain in 1990 of a billion dollars and paid 35% taxes and was left with 650 million, you could spend 5 million a year for 130 years and pay no taxes. Don't people get this?

To: LindyBill who wrote (609805)	10/2/2016 11:12:18 AM
From: bruwin	1 Recommendation Recommended By Maurice Winn Read Replies (1) \| Respond to of 793955

There are many ways that a smart Tax Advisor can put together a "Loss" for his Client. For example, if one buys another company that has a large approved Loss, then the company that gains control of that company can use that Loss against its own income and thereby reduce its tax liability. That's known as "TAX AVOIDANCE" and is perfectly LEGAL. The Criminal kind is known as "TAX EVASION". Unfortunately far too few of the general population are aware of that DISTINCT DIFFERENCE. And Conniving, presumptuous "politicians" such as crooked Hilary make a big Hoo-Haa about it and try and cast aspersions against their opponent .... Needless to say, in her case, it's very much about the "dirty" pot calling the kettle black, bearing in mind how much Cash she and her equally crooked husband have fleeced from others and supplemented their personal "Clinton Foundation" ... I suggest anyone that doubts that should go and speak to the Haitians that lost out to those crooked duo. I really hope that Trump will bring that, plus a lot of other damning 'aspersions' against crooked Hilary, to the attention of millions of his fellow Americans in the forthcoming debates and via well spent dollars on advertisements !!