Quote:
Originally Posted by Guest
With dismay I saw and heard Donald Trump state to 84 million people in this great country, that it made him smart to not pay any federal income tax. Several years ago another person thought that was smart and, like him bragged about it. I believe that person was named Leona Helmsley. She was convicted of tax evasion and spent a few years in a federal prison. The vast majority of persons in this country can not identify with a self proclaimed braggart, billionaire, flapping his jaws about being smart for not paying taxes. Some say, not me but many of my friends, that Mr Trumps federal tax returns may contain many deductions that are not allowed by current tax laws. There are lots of questions out there. Amazing, fantastic, believe me.
I am just saying.
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So let me ask you this. When you fill out your tax returns, do take all the deductions you're entitled to?
If it turned out that your deductions equaled or exceeded your income, would you leave off some
deductions so you will pay at least some taxes. It happens a lot where a sole proprietor when establishing
a new business will show several years of losses before paying taxes on income.
Millionaires frequently will make an investment in say a shopping center or factory and will show a loss
even though they had several million in income. The government allows these deductions because it
stimulates the economy and provides jobs which pay taxes.
Trump is audited almost every year. We would know by now if he is evading taxes.