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In reply to the discussion: As news of Trump’s taxes broke, he goes off script at a rally in Pennsylvania [View all]turbinetree
(26,888 posts)he didn't care.
He got the million from his father, and he was integrated into his fathers development corporation and then when he got that first building he started writing off his income against the depreciation of the building, as he was tearing it down.
He was pitting our income(s) that we paid in taxes against his, but with one caveat, he claimed to be a developer, we couldn't even though we buy homes, and cars.
So when the interest rates where removed from your and mine taxes, which we use to be able to write -off on our taxes, back in the late 80's and early 90's he still got them off his business, cars and others means, they were an expense, so the short fall was that we the taxpayers had to make up that loss, while we could still write-off school, mortgage, and medical, property, if you qualify spending 7.6% of your income on medical, not dead beat donnie, its a business expense he got over 100% as a write-off, and then he gets money back, and his team thinks he is a genius , no, he and others in that elite boat went to congress and rigged the system against us, we are not the problem. The Lewis Powell Memo is the problem, and what dumpster wants to do if he's elected, the middle class is TOAST:
http://billmoyers.com/content/the-powell-memo-a-call-to-arms-for-corporations/
http://www.nytimes.com/2016/09/02/business/economy/if-trump-gets-his-way-real-estate-will-get-even-more-tax-breaks.html
http://www.creonline.com/real-estate-professional-tax-loophole.html