The most shocking part of Donald Trump’s tax records isn’t the $916 million loss everyone’s talking

[kpete]

https://www.washingtonpost.com/news/wonk/wp/2016/10/02/the-most-shocking-part-of-donald-trumps-tax-records-isnt-the-916-million-loss-everyones-talking-about
https://mobile.twitter.com/SopanDeb/status/782689402921316352/photo/1

[Cicada]

1. Trump claims he has made $10 billion but he has paid basically zero income tax. Fair share?

What if he DID have substantial non-paper tax losses? That still wouldn't make taxes on the rich fair. He has earned many billions of dollars, he says he is worth ten billion, and has paid roughly zero income tax. Even if he did lose a real, no paper billion dollars, say he bought the casino for two billion and sold it for one billion, he still would have paid almost no income tax on his real life time income, the increase in his net worth of billions. And this is true for every billionaire. That have income of billions, their net worth, but has even one paid a tiny part of that in income tax? Very very few have.

The real income of the rich, their net worth, is almost always a huge multiple of their lifetime "taxable income." Trump is a classic example.

[Jeffersons Ghost]

2. K&R w/ imagery