Viktor
Diamond Member
Media Mistakes in the Trump Era: The Definitive List | Sharyl Attkisson
Trump is right about Fake News
Trump is right about Fake News
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The Leftist idiots don't understand the IRS tax law. If a taxpayer has a loss one year, he is allowed to deduct that loss in succeeding years to reduce his tax bill. It's called Loss Carryover and Trump is in Real estate which has a very volatile market. He declared bankruptcy on some properties and that loss can be deducted from his taxable income in following years. If he sells a property at a loss, that loss reduces his taxable income. Now, many of the properties Trump owns are considered Capital, so when he sells one at a profit, it is taxed at a lower rate(capital gains) than ordinary income.I like this one as it is a continual subject kept alive by the Trump hating leftist liars:
2. Oct. 1, 2016:
The New York Times and other media widely suggested or implied that Trump had not paid income taxes for 18 years. Later, tax return pages leaked to MSNBC ultimately showed that Trump actually paid a higher rate than Democrats Bernie Sanders and President Obama.
Higher "rate"?
That one year snap shot will be tested when Congress looks at his taxes from 2016-2021.I like this one as it is a continual subject kept alive by the Trump hating leftist liars:
2. Oct. 1, 2016:
The New York Times and other media widely suggested or implied that Trump had not paid income taxes for 18 years. Later, tax return pages leaked to MSNBC ultimately showed that Trump actually paid a higher rate than Democrats Bernie Sanders and President Obama.
I don't endorse idiots, or idiocy."The Leftist idiots" V #3