http://www.politico.com/story/2016/10/donald-trump-tax-records-new-york-times-229012 but if I make 900 million dollars I am expected to pay taxes on it? How does that work?
ok I am confused, if I lose 900 million dollars I cannot take that loss out of my taxes?
http://www.politico.com/story/2016/10/donald-trump-tax-records-new-york-times-229012 but if I make 900 million dollars I am expected to pay taxes on it? How does that work? always look out for number one and don't step in number two |
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There are losses and there are "losses". How long should he be able to carry them forward?
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till his operating gains equal the loss, otherwise you are taxing me when I lose money
always look out for number one and don't step in number two |
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look at who else doesnt pay taxes
always look out for number one and don't step in number two |
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The NY Times is running for President on its great business acumen? Interesting. (roll-eyes)
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If they were capital losses, it's a max of $3K/per year with the rest is carried forward.
IRS tips: If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.At times in the past, I've been there. Trump is playing a different, i.e. corporate, game with Net Operating Losses. This is where creative accounting opens up all kinds of possibilities. Alex "There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." -- Isaac Asimov |
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ok I am confused, if I lose 900 million dollars I cannot take that loss out of my taxes?
- (boxley)
- (6)
- Oct. 2, 2016, 12:32:53 AM EDT
There are losses and there are "losses". How long should he be able to carry them forward?
-NT
- (Another Scott)
- (3)
- Oct. 2, 2016, 01:47:54 AM EDT
till his operating gains equal the loss, otherwise you are taxing me when I lose money
-NT
- (boxley)
- Oct. 2, 2016, 11:20:03 AM EDT
look at who else doesnt pay taxes
- (boxley)
- (1)
- Oct. 2, 2016, 11:44:09 AM EDT
The NY Times is running for President on its great business acumen? Interesting. (roll-eyes)
-NT
- (Another Scott)
- Oct. 2, 2016, 12:50:52 PM EDT
If they were capital losses, it's a max of $3K/per year with the rest is carried forward.
- (a6l6e6x)
- Oct. 2, 2016, 02:18:39 AM EDT
No
- (scoenye)
- Oct. 3, 2016, 07:58:58 AM EDT
