General Discussion

Frustratedlady

(16,254 posts)

7. Thanks for the explanation.

Mon May 20, 2019, 05:16 PM

May 2019

I realize tax laws have given a lot of advantages to some business areas and should be changed, but it makes you wonder how many are manipulated by fancy lawyers to get even bigger benefits for the big guys compared to the majority of us. It always irritates me to no end how large corporations get by with paying no taxes (and, even receiving humongous refunds) for year after year. Granted, if the benefits or loopholes are there, take advantage of them, but I could see Trump going "bigly" overboard when he saw an opening. As Cohen said, Trump was able to inflate/deflate the value of his holdings when it benefitted him.

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I have never believed the story about Trump's losses on his tax returns. [View all] Frustratedlady May 2019 OP

Same here malaise May 2019 #1

so hes either gotta fess up about the losses or fess up about laundering..ha! whatta choice. samnsara May 2019 #2

Real Estate is a great way to launder money CanonRay May 2019 #3

Well, that deal in Florida where they bought a property for a few million, Frustratedlady May 2019 #4

some simply skim profits then claim it as losses duforsure May 2019 #5

I used to be a tax accountant customerserviceguy May 2019 #6

Thanks for the explanation. Frustratedlady May 2019 #7

You're welcome customerserviceguy May 2019 #8

Donald Trump Was Supposedly a Really Bad Businessman erpowers May 2019 #9

Yes, I realize that is true about his business acumen or lack of, but he is simply a natural con man Frustratedlady May 2019 #10