Quote:
Originally Posted by nomadking
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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Apparently it is.
Trump isn’t a ‘normal business’, and he isn’t a self-employed consultant who paid no tax because he bought a new computer and office furniture last year. He’s a multi-millionaire owner of multiple businesses, and it is being alleged that he is co-opting the operating losses of some of his businesses to reduce his personal tax bill.
He is on record as saying that shenanigans designed to reduce his tax liability to ludicrous levels make him “smart”.