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- It’s because they think that as long as Trump is around, they’re owning the Malicious John Prine When My Soul Went Through The 4 Ceiling And On Up Into Heaven Shirt libs. It’s their way of getting revenge for putting a black guy in power. So what did he pay in the years that weren’t 0 or 750? So basically they’re willing to go down with the ship just to spite a group of Americans. The ship being America. I was a bit like this once. When I was 6. If you can convince the lowest white man he’s better than the best-colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you. This has always been true & is even more starkly true with his supporters now. Yeah, they’re not the most mentally… established group of people. Please Mr. Bezos, Mr. Gates, Mr. Musk, Mr. Buffett sirs could you each chip 110 million into the “Retire Trump Debt” Fund? You know so our POTUS is indebted to Americans, not Putin.
- Unless of course, Mr. Zuckerberg has already beaten you to it, and now FB owns the Malicious John Prine When My Soul Went Through The 4 Ceiling And On Up Into Heaven Shirt US. That’s something. A US president indebted to them for 110m? My point is that would we all rather have a POTUS indebted to Putin for 400 million or to genuine American businessmen instead? He would never take money from Bezos. He hates Bezos. No, you don’t see it. The money raised by the bone American tycoons would go to whoever has Trump’s mark the 400M debt. And then Trump would be owing money to the new debt holders. Whom he will default on anyway because, well Trump! Is this, finally, The Emperors New Clothes happening? Please. You live in an imaginary world where the facts matter. Unfortunately, the real world only cares about power and ideology. Trump supporters don’t care about Trump as a person, they only care about him as a weapon.
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- It will get swept under the Malicious John Prine When My Soul Went Through The 4 Ceiling And On Up Into Heaven Shirt rug, some scandal about Biden will take over the headlines, until. Trump gets reflected As designed. For those wondering what this actually means – to begin with, here is something I wrote about Trump’s tax situation a long, long time ago when there was a supposed leak showing some business losses. A year and a half or so later, we are finally seeing some information about his personal income tax return, a Form 1040, the same that you and I and virtually everyone else files on an annual basis. So what can we actually surmise from the information that has come to light today? Tax guy here. Depreciation is a personal favorite of Trump (and most big businessmen). His tax reform included a provision allowing for a 100% bonus depreciation. Meaning that a business can essentially write off or expense 100% of the cost of an asset in the Malicious John Prine When My Soul Went Through The 4 Ceiling And On Up Into Heaven Shirt year of purchase rather than depreciate it over time.
- Which is the whole concept of depreciation to take the tax benefit over the useful life of the asset. There were already several mechanisms in the tax code for accelerating depreciation before Trump’s plan section 179 depreciation and limited bonus depreciation. I frankly don’t really care about Trump’s business acumen. Big businesses can run consistent losses by expanding rapidly. And expensing costs upfront see Amazon’s $0 in tax paid for 2018. Even in the 80s and 90s as his brand was expanding. Trump was not building enough to be writing off billions due to depreciation alone. His interest expense was high, meaning much of his operating cash was likely coming from loans and not actual operating income. I’m sorry but that is a lot of text to just bull away from his Malicious John Prine When My Soul Went Through The 4 Ceiling And On Up Into Heaven Shirt income tax. You don’t need to see 1040, the data is here in the article, you don’t need to pretend it’s ok.