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Trump $916 million loss on tax return
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I am seeing this smear across every major network in America, but I am not understanding the attack vector. This is what the tax code permits and every thing he did pertaining to filing his taxes is legal. I don't agree the tactic, but I also don't blame him or Hillary for using it to their advantage. If we want to blame someone, blame the politicians and lobbyist who created the modern-day tax architecture. I don't blame Bezos, Gates, Zuckerberg, Trump, or anyone who uses this to their advantage to pay as little tax as possible, and they all do it. We have had this discussion many times: stop blaming businesses for using legal methods to pay as little tax as possible to maximize revenue. Blame the politicians for allowing it to happen and refusing to modify the tax code.
If you expect the tax code to change under Hillary, who rakes in millions in "donations" from the very same people who use this strategy to earn billions, don't hold your breath. |
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