Gnat doesn't believe in stimulating the economy, he believes in politicians who stimulate him with that special little tug
Another right wing moron, chimes in.......Yes, folks like Trump can "legitimize" ANY business expense and wind up with zero tax liability.....and all this, while spewing "we billionaires live in a country that has the highest tax rate on the planet"........While still paying ZERO in taxes.
You are showing us how little you know about corporate taxes and taxes overall.
Right off the bat, he tax matches for everyone of his employees. Yes, that a tax on every employee he pays.
One can not legitimize "anything" as a write off. One can claim anything as a write off, but if one is audited, one will be able to legitimize everything.
Are you aware that you can only write off HALF of each business meal?
Are you aware that you must PROVE each business meal WAS a business meal when you are audited?
Are you aware of the AMT?
Do you know what it is?
Do you know why they instituted it?
Are you aware of restrictions on the amount of tax deferred retirement account annual contributions?
Are you aware that if you are a C-Corp and you leave money in the company, you may not have to pay income tax on it as the owner of the c-corp, but you cant spend it on personal use as well?
Are you even aware of what a C-Corp is?
How about an S-Corp?
If you know the answers to most...or ANY of these questions, you would never had made the statement you made.