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Johnny2X2X

(21,116 posts)
22. And don't forget the expenses half of it all
Mon Apr 22, 2024, 09:27 AM
Apr 2024

Trump's entire life is expensed to his corporations. His homes are corporate expenses, his jet is a corporate expense. All of his meals, all of his clothes, it's all corporate expenses. Heck, one of his kids' homes was designated as a park so they pay no taxes on it. The loopholes they take advantage of are infinite.

Regular people have this idea that the rich have $750 Million in a bank account, very few do, every $million is tied up in some device that allows it to grow tax free. It becomes a shell game and it's all beyond what is available to regular working people.

And the ever increasing edhopper Apr 2024 #1
How long can they delay paying the financial institution? LakeVermilion Apr 2024 #2
At 0% interest, no doubt. Igel Apr 2024 #4
debt consolidation programme? Celerity Apr 2024 #13
Actually, they kind of CAN dfelay it forever... almost Happy Hoosier Apr 2024 #18
All the congress had to do is put a 10 percent jimfields33 Apr 2024 #3
But a percentage of what? Happy Hoosier Apr 2024 #19
Not quite accurate Bucky Apr 2024 #5
The top rate is expected to revert to 39.6% EOY WarGamer Apr 2024 #9
A CEO would usually get normal cash income as well and that is taxed. BSdetect Apr 2024 #6
When you say "What they spend the borrowed money on is tax deductible (for the interest that is)" muriel_volestrangler Apr 2024 #7
Yes, that interest is deductible. BSdetect Apr 2024 #11
Which seems to be amazing, from the UK muriel_volestrangler Apr 2024 #14
They buy property which can be be depreciated (Trump loves this) Happy Hoosier Apr 2024 #20
All true... but somehow it never changes. WarGamer Apr 2024 #8
Government gives money to his company Johonny Apr 2024 #10
If the argument is that we have should have a wealth tax, You've got a long haul..... brooklynite Apr 2024 #12
A wealth tax is handled differently all over Europe DFW Apr 2024 #15
wealth taxes are somewhat farught, but.... Happy Hoosier Apr 2024 #21
Slick s.o.b.s oasis Apr 2024 #16
There needs to be a massive public education campaign Mysterian Apr 2024 #17
And don't forget the expenses half of it all Johnny2X2X Apr 2024 #22
Latest Discussions»General Discussion»How the Rich Pay No Taxes...»Reply #22