Tuesday, November 1, 2016

Taxes are for other people

The New York Times revealed a maneuver Donald Trump used to avoid paying hundreds of millions of dollars in taxes.
In a surprise to nobody, the New York Times revealed on Monday a dubious maneuver, which was later outlawed, Donald Trump used in the 1990s to avoid paying hundreds of millions of dollars in taxes.

While that isn't surprising, we all know Trump is a corrupt con man, it is important to understand how Trump got to where he is. In addition to his inheritance, Trump made his money by bilking the American people.

What's worse, he abused the people who trusted him and worked with him:
"Moreover, the tax experts said the maneuver trampled a core tenet of American tax policy by conferring enormous tax benefits on Mr. Trump for losing vast amounts of other people’s money — in this case, money investors and banks had entrusted to him to build a casino empire in Atlantic City."
I'm stunned every time I drive by some broken down old home with the shutters falling off and the paint peeling back with a Trump/Pence sign in the front yard.

Those people are the ones who invested in Trump in the 1990s with the hopes of becoming rich. Instead, they lost millions and that's what the folks in the ramshackle houses are going to experience if Trump wins.



No comments:

Post a Comment