Quote:People aren't railing against the tax code for a simple reason: Most people don't know much about the tax code.  They don't now what part allows this.  The fact that this is legal is ridiculous--but what exactly makes it legal?  Most people don't know.  I freely admit that I don't.


But here's the thing: If it's Trumps fiduciary responsibility to pay as few taxes as he can... as President he's going to continue policies that help make him more money.  That's who he's going to look out for.  Not the middle class.  Oh, he'll scream about how he's bringing manufacturing jobs back (Spoilers: They're not coming back), but in the end he's going to look out for himself.  It's what he's done his whole life.  And... there's not necessarily anything wrong with that--but he's running for President.  Given everything else on top of it, I don't find him fitting to be President.  Maybe you don't find any problems with this.  If you can't see why I do though, then that's your problem.

 

Basically, whatever allowed the deduction is an "encouragement" by the government to spend in some area.  This is how the tax code has worked for forever.  What he spent all that money on is still unknown to anybody not Trump and his accountants.

 

These expenditures are available to ALL people, it's just that people in the middle class and below dont invest these mass amounts of wealth back into the economy, therefore they dont get to see these "tax break" benefits.

 

If I knew what exactly caused the loss, I could explain it.  However, I dont know and Trump (nor NYT) isn't giving any details.

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