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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (969837)

10/31/2016 11:29:12 PM

From: zax

Respond to of 1575626

Really? She declared herself insolvent so that she could avoid $1B in taxes on future revenues by not recognizing forgiveness of debts as income and thus live tax free for the next
20 years; meanwhile recognizing all losses immediately and suspending all gains indefinitely?

That's a .0001%er trick there, not even the 1%ers got that one up their sleeve.

Not one dollar for the US military... Trumps tax avoidance seems to go well with his draft avoidance.

>> Man. You really have not the slightest idea what you're talking about.

>> You don't just get to "declare yourself insolvent" to avoid cancellation revenue. You either are or you aren't and it matters by how much.

Donald Trump Used Legally Dubious Method to Avoid Paying Taxes

nytimes.com

“Whatever loophole existed was not ‘exploited’ here, but stretched beyond any recognition,” said Steven M. Rosenthal, a senior fellow at the nonpartisan Tax Policy Center who helped draft tax legislation in the early 1990s.

How Donald Trump Avoided Paying Taxes Using Other People’s Money

nytimes.com