RE: Let's say Donald Trump paid no Federal Income Tax for
Posted on: December 21, 2022 at 12:55:29 CT
BH O'bonga MU
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As a farmer, I understand business deductions. Remember, Trump was involved in commercial real estate and related investments. Legal tax avoidance strategies might include taking advantage of Sec. 179 depreciation of capital assets in years where he had a surge in income. Also, taking and/or carrying over net operating losses can be advantageous. Of one thing you can be certain. A businessman of Trump's caliber would have had access to the most talented tax accountants and attorneys.