Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search


(43,049 posts)
7. Two points...
Mon Sep 28, 2020, 09:41 PM
Sep 2020

His corporate taxes span several hundred corporations, some of which made money, some of which didn't. If a company regularly loses money, it can lose its charter or be looked at with a beady IRS eye as a fake company. So he spreads the losses around from year to year, and no company gets special treatment.

And then-- did the IRS actually cut a check for 80 million, or is it an accounting adjustment? Maybe against possible future taxes? That wouldn't make it smell less, but smooths out the story a bit.

Latest Discussions»General Discussion»Need some help here - loo...»Reply #7