In a tweet on Wednesday, after the New York Times reported that President Donald Trump lost over $1 billion between 1985 and 1994 and avoided paying income taxes for eight of those years, Trump wrote that in the 1980s and 1990s, almost all real estate developers took massive tax write-offs and deductions, calling it"sport."
“It has taken all incentive away from investing in real estate, and real estate really means so many jobs." Trump told the committee. While Trump did not get everything he wanted, in 1993 Congress changed that tax law to allow real estate professionals to take unlimited deductions on losses from rental activities.
Trump said it was"foolish people" who changed the rules because"they heard the word tax shelter and they thought that tax shelter was a bad thing as opposed to an investment in real estate."
We get it, you hate the President. Move on.
Any business has had accountants support in getting loopholes to help for less taxes. Just as any American citizen that gets right offs for one thing or another. Nothing new, not even important, we have a country being invaded by illegals, hard working tax payers foot the bills!
Every one who files taxes tries to find as many tax cuts they can. No one wants to pay more taxes then they have to. Trump 2020
😮 Looks like he’s about to felate that mic. The 80’s-90’s must’ve been some experimental times for Comrade Trump. DonTheCon DangerousClowns
This photo shows the beginning of the combover . And later he became Blonde and orange. Isn’t it something he can call avoiding paying taxes sport.
I despise this man more with each passing day.
He's not the Pope. He's a businessman in NY real estate development. That's how the game is played.
New fantasy league-Tax cheat billionaires
Trump was bankrupt also. Brian Moynihan (CEO of B of A) knows about taxes too. Bernie Sanders in a report titled 'Top Corporate Tax Dodgers' stated Moynihan's B of A paid no federal income tax in 2010 & received a $1.9 billion tax refund despite making $4.4 billion in profits.
propaganda Corruption TraitorTrump
I guess the media needs new narratives to smear and undermine Trump now that the Russia hoax blew up spectacularly in their scumbag faces.
That's problem with America! Too many freaking loop holes!!! If you are a citizen of America you must have all your money in America! Not overseas! And investors should be buying all the houses!!!!!
Show me any billionaire that doesn’t use loopholes
Trump wasn't a bank who could call up his congressman to get bailed out by the Fed, proving he is an outsider, not part of the corrupt govt crony establishment.
Relentless.... constant.... perpetual.... vicious..... all but unbiased... far from journalists..... we remember when GWBush was in office and Reagan same old lines ... you suck as much as CNN
The man is a master of deception!
Who cares? Loopholes are not illegal.
He enjoys everything he does, puts 100% in. That's good thing! Nothing wrong with it being a sport! He has done very well. The naysayers are jealous for sure!
What of Real Estate pass through s in the new tax law?
25 year old shit? Really
It was his job at the time. This is equivalent to saying 'Vegan once sold a pepperoni pizza while workong at Dominos.'
DonTheCon BillionDollarLoser
this is madness. tax cheat-in-chief is now joking about shooting immigrants in Florida.
abcnews=arm of the DNC
He looks nice more than now!
Who else lobbied for them!!! AND you all didn’t know this when he ran!!! He was vetted
So what!!! He made his money!! Unlike all in Congress!!!
This picture is back when he was white, now he’s orange. What’s up with that? LMAO
Smart man
So what he had a right to do that.
Correct. And your point is what exactly other than invalid?
Idk what else do you call it?
Teachers lobby for better pay. Is looking out for one’s self wrong?
Opposed to what? Paying his “fair share” like Amazon, lol.