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Old 28-09-2020, 08:21   #265
nomadking
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Join Date: Apr 2004
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Re: U.S Election 2020

Quote:
Originally Posted by 1andrew1 View Post
BREAKING: The New York Times is reporting that Donald Trump has not paid income tax in ten out of the last 15 years and only paid £590 in 2016. Trump has denied the allegations. http://news.sky.com/story/donald-tru...laims-12084054
Any business that involves high start up costs, such as property building and development, is always going to pay low taxes in the shorter term.
A normal business will pay less tax if it invests heavily in something. Nothing unusual, and the same for everybody else. If you start up a physical shop, restaurant , etc, the initial cost of setting things up will impact the tax paid. In future years the idea is those costs are not there, and you then pay more tax.

Is it really asking too much for people to understand basic business operating principles?
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