October 01, 2016

The Playoffs Begin

An anonymous source sent the New York Times documents showing that Donald Trump reported a nearly $1 billion loss on his 1995 tax returns -- which could have helped him avoid paying any federal income taxes for 18 years, the paper reported on Saturday.


OK now. 95 and 18 carry the thirteen is 2013*: the earliest year he'd need to pay any tax on his first $50 million each year. The tax code patting him on the head for being such a titanically poor businessman, saying, here, you've destroyed a billion dollars in wealth, the next billion's on us, and hey, let's go and give you back the last three years worth of taxes you might have paid to get you back on your feet.

*But no, the count begins three years before the loss was incurred and lasts for 15 years after [this rule makes no sense to me but is attested by reputable sources]. So 2010 would be the earliest possible end of the freeloading.

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