Wow, there is a lot there ! Click on the PDF below and you can download the 1+Gigabite of data for your own review. This husband and wife are well diversified. If you think your taxes are complicated, there not. Compared to his, they ar probably very simple. However, reveiwing his returns can give you many perspectives on the challanges of being in business, the role of diversification and many others valuable insights.
“I predict that Donald Trump’s tax returns are going to show that he made a lot of money, but didn’t pay a lot of taxes because he took advantage of all of the loopholes in the tax laws passed by the very people who are releasing his tax returns,” Stone wrote. “This makes him smart, not dumb.”
The tax returns do, indeed, support that view.
Trump Tax Return Details
The documents (pdf) indicate that Trump’s businesses at times reported significant losses on tax returns, which can be used to offset tax liabilities.
Trump’s Tax Returns Contain a Major Revelation (theepochtimes.com)
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He is probably right .....
The release of the documents prompted a sharp rebuke from Trump, who warned that the move sets a dangerous precedent.
“The Democrats should have never done it, the supreme court should have never approved it, and it’s going to lead to horrible things for so many people,” Trump said in a statement to media outlets.
‘Power to Embarrass, Harrass, or Destroy Americans’
When the Democrat-led panel earlier released preliminary information about the Trumps’ tax returns, Rep. Kevin Brady (R-Texas), the top Republican on the House Ways and Means Committee, opposed the move and argued that the information contained in such disclosures could be spun by political foes.
“It’s the power to embarrass, harass, or destroy Americans through disclosure of their tax returns,” Brady said moments before the committee went into a closed session for a vote.
(pdf)
https://www.theepochtimes.com/trump-tax-returns-released-show-he-an...