RE: What Kind of Genius Loses A Billion Dollars?
October 6, 2016 at 2:46 pm
(This post was last modified: October 6, 2016 at 2:48 pm by Neo-Scholastic.)
As a means of investment Real Estate operates on an entirely different set of rules. People should also remember that Trump did not write the rules - elected lawmakers did. Trump availed himself of every opportunity to avoid paying any federal income tax. That is what rational people and do. It's good business.
There are various ways to offset revenues and expenses, like capital depreciation, that look like loses on paper but nevertheless allow someone to expand their holdings. Looking at the bottom line tells you absolutely nothing. I do not know the ins-and-outs of Trump's business. I'm sure it is quite complex because I myself must hire an accountant to figure out what I owe.
There are various ways to offset revenues and expenses, like capital depreciation, that look like loses on paper but nevertheless allow someone to expand their holdings. Looking at the bottom line tells you absolutely nothing. I do not know the ins-and-outs of Trump's business. I'm sure it is quite complex because I myself must hire an accountant to figure out what I owe.
