Tuesday, October 4, 2016

Trump's Taxes

As our loyal readers know, we do not do politics here. But our Finance and Tax Department was so upset by the coverage of Trump's newly disclosed tax return that it brought the matter to the attention of various publications. Here is the substance of what they received from us:

"All the commentators seem to have missed the big lie Donald Trump and his surrogates are crowing about his supposed fiduciary duty to his shareholders and employees not to take the $915M net operating loss and his purported brilliance in taking the resulting deduction to benefit his company. The net operating loss and resulting deductions were taken on Trump’s personal tax return, not on any business tax return. Hence, he alone got all the benefit of those deductions, and neither his company nor his shareholders or employees benefitted one whit."

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