The President's Taxes

[Rams]

It comes down to one of two things.  Either he has lied about what a successful high power CEO he is and he's actually a huge failure at every venture he touches or his taxes are bogus.  One way or the other, he's lying to you.  

From this, I have to draw the conclusion that you don't view being a business success as reducing the amount of tax one pays?

Got it.   While I personally believe it's every American's right to pay as little tax as possible, apparently you don't see it that way.  

May I ask how much you donate to the IRS willingly?   I give them as little as legally possible.  
Just like our President has done.
Please, bring anything else you wish to discuss with some proof of breaking a law.  Pot stirring doesn't really help your case.

Rams

[The emperor has no clothes]

LOLOL...

Look at all the whatabouts getting thrown around on here......

All those 'comparisons' are not what this story is about.

And the non-payment of his taxes is not the biggest part of this story. The huge debt that he's carrying, over $421,000,000, (that is known) that is due in the next four years, is. Who does he owe this money to? US banks won't have anything to do with him because they've been stiffed too many times in the past. Hmmmmm.

He's trying to win reelection to stay out of prison.

And no one here is trying to change anyone's mind. We know there is absolutely nothing too heinous that his supporters, (that means many of you guys), won't excuse, embrace, or celebrate.

The chickens are finally coming home to roost. It's a good day.

What a dumbass response  

The OP title "The Presidents (PLURAL) Taxes"

This means "more than one president"  

Per the OP, all those 'comparisons' are exactly what this is about

Yes, the shitbirds are roosting - and the TDS reins for the morons.

Whatabout it, understand English, dumbass?

Watch the pot stirrer go back and change the title to suit his narrow minded narrative - familiar tactic, no?
3 - 2 - 1

reigns ?

[Alien]

It comes down to one of two things.  Either he has lied about what a successful high power CEO he is and he's actually a huge failure at every venture he touches or his taxes are bogus.  One way or the other, he's lying to you.  

From this, I have to draw the conclusion that you don't view being a business success as reducing the amount of tax one pays?

Got it.   While I personally believe it's every American's right to pay as little tax as possible, apparently you don't see it that way.  

May I ask how much you donate to the IRS willingly?   I give them as little as legally possible.  
Just like our President has done.
Please, bring anything else you wish to discuss with some proof of breaking a law.  Pot stirring doesn't really help your case.

Rams

I pay what I am legally required to pay in taxes.  Unlike the President, I also pay my creditors.

[Rams]

It comes down to one of two things.  Either he has lied about what a successful high power CEO he is and he's actually a huge failure at every venture he touches or his taxes are bogus.  One way or the other, he's lying to you.  

From this, I have to draw the conclusion that you don't view being a business success as reducing the amount of tax one pays?

Got it.   While I personally believe it's every American's right to pay as little tax as possible, apparently you don't see it that way.  

May I ask how much you donate to the IRS willingly?   I give them as little as legally possible.  
Just like our President has done.
Please, bring anything else you wish to discuss with some proof of breaking a law.  Pot stirring doesn't really help your case.

Rams

I pay what I am legally required to pay.  

Well, it would appear the President has done the same thing.   So, what's the problem?

Edited:  I see you went back and edited your post 4 seconds after I asked what your problem was.  Interesting edit.   

Rams

[Robert]

I pay what I am legally required to pay in taxes.  Unlike the President, I also pay my creditors.

Wow it seems the last time Obama and Bush tanked the economy I remember thousands of people who lost thier homes and declared bankruptcy. Nice you could forget this and stand on high moral ground.

It comes down to one of two things.  Either he has lied about what a successful high power CEO he is and he's actually a huge failure at every venture he touches or his taxes are bogus.  One way or the other, he's lying to you. 

You are probably right, since I know of no other CEO or corporate exec that would leave his high paying position and take a job in government and unlike those in Congress who may have he actually done this, he Trump, is making things better and doing his job and not leveraging his position like Congress especially Pelosi.

[Alien]

According to Nav, The Trump Organization, Inc.’s business credit score is a 19 out of 100 as of Sept. 23, 2016, which puts it below the national average score by more than 30 points. The Nav report said the score indicates the Trump Organization “is very likely to default on its credit payments” and that “this will make it difficult to get financing.” It puts Trump’s Organization in a “medium-to-high risk” category.

I pay what I owe.  He does not.

All the loans are coming due, there's no one else to borrow money from and he's losing the Presidential race.  Tick-tock....the clock is running out.

[The emperor has no clothes]

According to Nav, The Trump Organization, Inc.’s business credit score is a 19 out of 100 as of Sept. 23, 2016, which puts it below the national average score by more than 30 points. The Nav report said the score indicates the Trump Organization “is very likely to default on its credit payments” and that “this will make it difficult to get financing.” It puts Trump’s Organization in a “medium-to-high risk” category.

I pay what I owe.  He does not.

All the loans are coming due, there's no one else to borrow money from and he's losing the Presidential race.  Tick-tock....the clock is running out.

I would have to disagree Alien. There are plenty more Russian oligarchs willing. And he may well be "losing", but the only poll that matters is Nov.3

[DirtyDan]

Well Alien...here we go again. Young man, you really need to find a more productive and worthwhile way to spend your time. You know full well none of the junk you post re. Trump is going to change anyone's mind, so why do it? What most of your and other's posts reflect is you're basing the value of the man solely on his character and not what he has accomplished. He's done more for the country in four years than Biden has in forty and got rid of a lot of obama's crap in the process. In the end, how about checking to see how much the two Bidens paid in income tax on the money received during their travels. When it comes to a person's character, Biden's record is far from pristine.  Really....give it a rest!  

Questions about the “mothership”

Mileage is ?

State count ?

Dan

238,000 and change.  43 states including Hawaii as I had it shipped over when I lived there.

That’s a solid state count, hats off

238k on one bike ?

The high mileage Valkyrie post might be interested

Dan

[Robert]

All the loans are coming due, there's no one else to borrow money from and he's winning the Presidential race.  Tick-tock....the clock is running out.

Yes, Im sure you know how to move in the financial markets and thankyou for saying he is winning in the presidential race. 

I cannot wait to see what Trump will do in his second term in office. I wonder if he will put the US back on the gold standard.

Wow the congress reports on Biden have come out and it sounds like something out of a Ukrainian or US crime movie like Al Capone.

I wonder if they will use the Rico Act on him since its a crime syndicate and pay for play scheme.  GOP also claims Hunter Biden paid women linked to ‘prostitution or human trafficking ring’

Thanks to Judge Emmet Sullivan refusing the DOJ's request to drop the Michael Flynn case, a cache of explosive documents has now been released to the public revealing that at least one FBI agent on Special Counsel Robert Mueller's team thought the case was a politically motivated "dead end," and others bought professional liability insurance as their bosses were continuing the investigation based on "conspiracy theories."

Thanks to Judge Sullivan's hatred of Flynn, the world now knows how much more corrupt the Mueller investigation was.

[Alien]

All the loans are coming due, there's no one else to borrow money from and he's losing the Presidential race.  Tick-tock....the clock is running out.

Yes, Im sure you know how to move in the financial markets and thankyou for saying he is losing in the presidential race. 

I cannot wait to see what Trump will do in prison. I wonder if he will put the US back on the gold standard.

Wow the congress reports on Biden have come out and it sounds like something out of a Ukrainian or US crime movie like Al Capone.

I wonder if they will use the Rico Act on him since its a crime syndicate and pay for play scheme. 

Trump is losing and will lose.  It won't be Biden or the Democrats that beat him though.  His own words and actions are what will burn him down.

[Robert]

All the loans are coming due, there's no one else to borrow money from and he's losing the Presidential race.  Tick-tock....the clock is running out.

Yes, Im sure you know how to move in the financial markets and thankyou for saying he is losing in the presidential race. 

I cannot wait to see what Trump will do in prison. I wonder if he will put the US back on the gold standard.

Wow the congress reports on Biden have come out and it sounds like something out of a Ukrainian or US crime movie like Al Capone.

I wonder if they will use the Rico Act on him since its a crime syndicate and pay for play scheme. 

Trump is losing and will lose.  It won't be Biden or the Democrats that beat him though.  His own words and actions are what will burn him down.

His actions will get him reelected but his words will give many pause.

I don't know if this concerns you at all, but you say Trump will loose which is not true, did you ever think what that really means? Biden will either step down or be indicted and Harris and Pelosi will run things. That is more scary than all of Trumps words.

[Alien]

You keep saying that Biden will step down.  Based on what?

[Jess from VA]

Step down, fall down, whatever. 

[Robert]

Step down, fall down, whatever. 

Dan Bongino Warns ‘Biden’s Cognitive Decline Is Rapidly Worsening’

Conservative pundit and former Secret Service agent Dan Bongino declared Sunday morning that former Vice President Joe Biden is suffering a rapid “cognitive decline” — and he suggested that his sources were “close to the situation.”.

[Alien]

Step down, fall down, whatever. 

Dan Bongino Warns ‘Biden’s Cognitive Decline Is Rapidly Worsening’

Conservative pundit and former Secret Service agent Dan Bongino declared Sunday morning that former Vice President Joe Biden is suffering a rapid “cognitive decline” — and he suggested that his sources were “close to the situation.”.

Exactly.  You have no basis for that claim.  It was Alex Jones BS.  Here you go:

https://apnews.com/article/fact-checking-9224822590

[Willow]

The original post and the article to which it points are playing on the ignorance of the public or possibly simply displaying their own ignorance.  The title of the post should have been The President's Income Taxes as the focus was not on taxes but strictly income taxes.

Income tax is that with which the average middle class American is most familiar.  That's because the average middle class American lives on a salary or wage that comes to him on a regular interval.  A significantly wealthy person just doesn't live that way.  If I were significantly wealthy most of what I own and the growth of my value would be held by one or more corporations.  I would, no doubt, periodically withdraw some from that corporate wealth to pay for how I'd lived.  Those withdrawals would be income and for me I'm sure would not be on a weekly or monthly interval.  I would, or at least my corporation would, employ experts to manage when and how income would come to me and when and how my wealth would be held and taxed away from me.

A credit card company will allow me to run up a balance of several thousand dollars on my calculated financial value.  If I were a billionaire I believe I could live for quite a long time on credit.  I would pay that debt or have that debt paid when it was most financially practical.  Loans are not taxable income.

The article made a point of saying the President paid $750 per year as president.  That's intended to sound shocking but as president he has separated himself from his businesses, I assume.  We know he is donating most if not all of his payment as president.  What income are we expecting him to be paying for?  I believe if I were a billionaire about to go into four or more years of public service I couyld live very well on no personal income at all.

It's a meaningless attack based upon a very invalid comparison.        

[98valk]

Biden didn't pay taxes

https://www.breitbart.com/politics/2020/09/28/joe-biden-allegedly-exploited-s-corporation-loophole-to-avoid-paying-medicare-social-security-taxes/?utm_source=facebook&utm_medium=social

[Bret SD]

"Trump is losing and will lose.  It won't be Biden or the Democrats that beat him though.  His own words and actions are what will burn him down."

 

Interesting choice of words during these times.

[Alien]

"Trump is losing and will lose.  It won't be Biden or the Democrats that beat him though.  His own words and actions are what will burn him down."

 

Interesting choice of words during these times.

Don't read anything into my choice of words.  It only means that he will destroy any chance of a second term all by himself.

[The emperor has no clothes]

The subject of paying one's taxes has always been a curious thing to me. I know and have known many who are willing to step over the lines. But most don't probably. Once when I was very young and starting out I took some advice from some friends to go tax exempt for the last 6 months of the year. Why I took tax advice from a 22 year old is stupid in itself, but regardless, the penalties and taxes due in April hurt. It sure helped gain the money for a down payment on my house, but the hurt lasted with me a lifetime.
  It's funny how some view people as chumps if they pay 11% Federal taxes. This idea that we should "starve the beast" is curious. We are the beast. Nearly every tax payer (or non payer) has things they demand the government pay for. Most here are on the receiving end of this.
  Does Donald Trump pay his fair share of taxes ? Probably not. A lot don't. The more important question is where he gets his money.

[Alien]

Biden didn't pay taxes

https://www.breitbart.com/politics/2020/09/28/joe-biden-allegedly-exploited-s-corporation-loophole-to-avoid-paying-medicare-social-security-taxes/?utm_source=facebook&utm_medium=social

Well, here are Biden's tax returns, complete and self-disclosed.

https://joebiden.com/financial-disclosure/#

[Moonshot_1]

You keep saying that Biden will step down.  Based on what?

His 180 years in the Senate and 10 years as Vice President.

I could tell you to clap.

[98valk]

Biden didn't pay taxes

https://www.breitbart.com/politics/2020/09/28/joe-biden-allegedly-exploited-s-corporation-loophole-to-avoid-paying-medicare-social-security-taxes/?utm_source=facebook&utm_medium=social

Well, here are Biden's tax returns, complete and self-disclosed.

https://joebiden.com/financial-disclosure/#

 
did u read the article??  I would guess NO.
delaware corp secrecy laws allows him and his wife to hide a lot which they did.
do u know anything about corporation tax laws? do u know why so many, many companies and people register their corporations in delaware?
your lack of knowledge is exposed again.   
so sad  :'(  you are a classic low information democrat voter.

[hubcapsc]

One of today's Wall Street Journal headlines:

Household Wealth Broadly Rose in Years Leading Up to Pandemic, Fed Report Concludes
Those in lower-income and lower-wealth categories reaping relatively large gains, according to the data

I didn't study the link to Biden's taxes, have never looked at any
politician's taxes, don't show my taxes to others and don't know
why anyone would be all plugged up about seeing some else's
taxes unless they just like complaining and hating. If there's
problems with someone's taxes the IRS will let them know...
unless, you know, they escape notice because they're low-profile
or something...

On the other hand, though, it sure is nice when more people have
the means to put a chicken in the pot...

-Mike

[Moonshot_1]

The subject of paying one's taxes has always been a curious thing to me. I know and have known many who are willing to step over the lines. But most don't probably. Once when I was very young and starting out I took some advice from some friends to go tax exempt for the last 6 months of the year. Why I took tax advice from a 22 year old is stupid in itself, but regardless, the penalties and taxes due in April hurt. It sure helped gain the money for a down payment on my house, but the hurt lasted with me a lifetime.
  It's funny how some view people as chumps if they pay 11% Federal taxes. This idea that we should "starve the beast" is curious. We are the beast. Nearly every tax payer (or non payer) has things they demand the government pay for. Most here are on the receiving end of this.
  Does Donald Trump pay his fair share of taxes ? Probably not. A lot don't. The more important question is where he gets his money.

It isn't the government's money.

The "beast" needs to go on a diet. The ultimate important question is where does all this money the government gets from us go? It used to be the government spending millions was shocking, then it was billions, now it is trillions. Trillions.

The question more important than where Donald Trump get his money is where career politicians get theirs?

[Robert]

What I also find ironic is no one is complaining about companies like Apple who avoids paying billions in taxes. Also Trump is pursuing  them to come to the US to pay their fair share.  

[98valk]

What I also find ironic is no one is complaining about companies like Apple who avoids paying billions in taxes. Also Trump is pursuing  them to come to the US to pay their fair share.  

and amazon and bezos, pay zero taxes.

[Serk]

Just curious: Is anyone here going to change the way they'll vote due to either this thread or the article OP linked to?

[Alien]

Well Alien...here we go again. Young man, you really need to find a more productive and worthwhile way to spend your time. You know full well none of the junk you post re. Trump is going to change anyone's mind, so why do it? What most of your and other's posts reflect is you're basing the value of the man solely on his character and not what he has accomplished. He's done more for the country in four years than Biden has in forty and got rid of a lot of obama's crap in the process. In the end, how about checking to see how much the two Bidens paid in income tax on the money received during their travels. When it comes to a person's character, Biden's record is far from pristine.  Really....give it a rest!  

Questions about the “mothership”

Mileage is ?

State count ?

Dan

238,000 and change.  43 states including Hawaii as I had it shipped over when I lived there.

That’s a solid state count, hats off

238k on one bike ?

The high mileage Valkyrie post might be interested

Dan

Thanks Dan, yep, same bike.  I think many here have gone a lot farther though.

[DirtyDan]

http://www.valkyrieforum.com/bbs/index.php/topic,51704.0.html

Might be relevant

Dan

And not too many are above that number  238k is a BOATLOAD of miles

[Moonshot_1]

Just curious: Is anyone here going to change the way they'll vote due to either this thread or the article OP linked to?

Yup, gonna vote 3 times

[The emperor has no clothes]

Just curious: Is anyone here going to change the way they'll vote due to either this thread or the article OP linked to?

No, but after hearing all the brilliant responses to it I have decided to vote for Trump now. His morals, his business acumen, his problem solving abilities are HUGE. 

[Bret SD]

Just curious: Is anyone here going to change the way they'll vote due to either this thread or the article OP linked to?

If the OP were confident on the outcome of the election as he claims, he wouldn't be here incessantly venting and hyper-ventilating over inane political minutia..

Personally I find it somewhat entertaining to mildly nauseating.. and no, I don't pay much attention to kids playing with cap guns either..  remember those? haha

[baldo]

 his time is up, whenever that is.

I like the sound of that.

[Wizzard]

 his time is up, whenever that is.

I like the sound of that.

In 4 years   

[RP#62]

I heard it summed up best with  “I’m far more interested in the tax returns of a politician who became a multimillionaire than the tax returns of a billionaire who became a politician,”.

-RP

[98valk]

The rumored release comes on the heels of revelations that former UK spy Christopher Steele's primary dossier source was tied to Russian intelligence - suggesting that the Kremlin was in fact working with Trump's enemies to harm his chances of winning the 2016 US election. And while the Mueller investigation found no 'collusion' between Trump and Russia, Senate Judiciary Chairman Lindsay Graham (R-SC) brought up the notion of Putin working against Trump.

"Everything Russia-Trump was looked at. You had $25 million, 60 agents. You had subpoenas, you had people’s lives turned upside down," Graham told Fox News host Maria Bartiromo on Sunday. "The question is, 'Did they look at Russia coming after Trump?'"?

"We’ve got a Russian spy on the payroll of the Democratic Party putting together a document that details the FBI was not reliable," he added.

"When I was briefed on the House Intelligence Committee report on the January 2017 ICA, I was told that John Brennan politicized this assessment by excluding credible intelligence that the Russians wanted Hillary Clinton to win the 2016 election and ordered weak intelligence included that Russia wanted Trump to win," former CIA and National Security Council official Fred Fleitz told the outlet last month - which noted that Brennan was CIA director at the time.

it also comes on the heels of the corruption of hunter biden including human trafficing with joe biden connections
Foreign entities looking to influence American politics sometimes devise lucrative commercial deals involving a politician’s family. While the deals can, and do, ensnare politicians of all stripes, those involving the Biden family are particularly troubling: The transactions implicate US national security.

While Joe Biden served as vice president, his son Hunter received offers from foreign governments and oligarchs in areas where he had little or no expertise. That his foreign partners included a rival state, Communist China, makes these arrangements particularly brazen, even by Washington’s swampy standards.

Newly released Secret Service travel records for Hunter paint a clearer picture of how extensive these efforts were. The documents, reviewed by Judicial Watch, show that between 2009 and 2014, Hunter made 411 trips across 29 countries. While some of those trips were perhaps leisure and others related to his volunteer work for the World Food Program, many of them appear to be connected to deals that he or his associates either secured or sought with foreign governments and oligarchs.

For example, Hunter visited China five times between 2009 and 2014. Most notoriously, he traveled with his father aboard Air Force Two in December 2013 as part of an official visit with Chinese officials. Ten days after their return to Washington, Hunter and his associates partnered with the state-owned Bank of China to formally establish BHR, a new, first-of-its-kind fund aimed at making investments outside China through the newly established Shanghai Free Trade Zone.

When this deal was first revealed in Peter Schweizer’s book “Secret Empires,” Team Biden attempted to paint Hunter as a passive participant involved in the formation of BHR, arguing that “other business partners” had laid the groundwork for it in a June 2013 meeting. But the new travel records reveal that Hunter was, in fact, in Beijing in June 2013.

Hunter’s trips to China are also of interest in light of what happened with another company he co-founded and served as a board adviser, Rosemont Realty. In 2015, that firm sold a majority stake to Gemini, a Chinese state-owned company.
Enlarge Image
Former Vice President Joe Biden's son Hunter faces questions over his business deals with foreign entities.
Former Vice President Joe Biden’s son Hunter faces questions over his business deals with foreign entities.Teresa Kroeger

There is evidence of extensive foreign dealings going beyond China, including the well-known case involving the corrupt energy company Burisma in Ukraine. According to corporate board records released as part of a criminal trial in New York, Hunter’s business partners bragged about their relationships with powerful figures around the world. One matter mentioned was a $200 million deal involving Yelena Baturina, a powerful Russian oligarch formerly married to Moscow’s mayor.

Hunter visited Moscow in February 2012, according to the travel records. The nature of his relationship with Baturina isn’t publicly known, but Kirill Zakharin, who managed investments for Baturina at the time, listed himself as an advisory board member of Rosemont Realty, Hunter’s firm. Zakharin now helps run the Russian government’s housing finance company, DOM.Rf.

https://nypost.com/2020/09/14/new-evidence-makes-hunter-bidens-business-deals-reek-worse-than-ever/

The Senate Committee on Homeland Security and Government Affairs has released a report claiming that Hunter Biden was involved in some corrupt and illegal dealings including human trafficking overseas. The report details huge monetary transactions between Biden and foreign sources as well as transactions that went to foreign women linked to prostitution and human trafficking rings.

    The Treasury records acquired by the Chairmen show potential criminal activity relating to transactions among and between Hunter Biden, his family, and his associates with Ukrainian, Russian, Kazakh and Chinese nationals. In particular, these documents show that Hunter Biden received millions of dollars from foreign sources as a result of business relationships that he built during the period when his father was vice president of the United States and after. In addition to providing new and descriptive details about the nature, origin and extent of payments from Burisma Holdings to Hunter Biden, the documents acquired by the Committees also shed light on a much broader array of questionable financial transactions involving Hunter Biden, other members of the Biden family, and their associations with foreign nationals. These foreign nationals have questionable backgrounds that have been identified as being consistent with a range of criminal activities, including but not limited to organized prostitution and/or human trafficking, money laundering, fraud, and embezzlement.26

Hunter Biden has been outed publicly for his extra-marital activities with strippers and for his drug use. Page Six reported that Biden was suspected of smoking crack in a strip club, and that strippers had used sex toys on him, among other unsavory things. One of the strippers had to sue him for child support. The allegation that he may have been in some way involved with prostitutes overseas fit with his character and lifestyle of which we are publicly aware. But the link to human trafficking is disturbing, to say the least.

    There is extensive public reporting concerning Hunter Biden’s alleged involvement with prostitution services. Records on file with the Committees do not directly confirm or refute these individual reports. However, they do confirm that Hunter Biden sent thousands of dollars to individuals who have either: 1) been involved in transactions consistent with possible human trafficking; 2) an association with the adult entertainment industry; or 3) potential association with prostitution. Some recipients of those funds are Ukrainian and Russian citizens. The records note that it is a documented fact that Hunter Biden has sent funds to nonresident alien women in the United States who are citizens of Russia and Ukraine and who have subsequently wired funds they have received from Hunter Biden to individuals located in Russia and Ukraine. The records also note that some of these transactions are linked to what “appears to be an Eastern European prostitution or human trafficking ring.”

There sure seems to be a lot of Russian collusion going on here and President Trump is nowhere near it.
https://pjmedia.com/news-and-politics/megan-fox/2020/09/23/senate-report-links-hunter-biden-to-human-trafficking-ring-n959766

[RDAbull]

As a practicing CPA and having taught in a top rated undergraduate program for twenty years I can tell you quite a bit about the American tax system.
Real estate investing is one of the most tax advantaged investments that can be made.   Taxes due have very little to do with free cash flow from the investments.  It is very easy to show tax losses with depreciation and other non-cash expenses that are reported.  I have seen many real estate partnerships with billion dollar free cash flows that can still show a net investment loss for income tax purposes.  What you haven't seen, and probably wouldn't believe anyway, is how these are more tax deferments that non-taxable transactions. When/if these properties are sold the tax tax bill will be Huge (in your words) in capital gains taxes.  If they are never sold, the cash flow will become taxable on an ongoing basis as only the cost basis can be used to offset the income.  Once that basis is written off the income becomes taxable.  It is a win/win in the long run.  Without the tax incentives, most businesspeople would not take the risk of billion dollar investments.  If they are not built they would pay any taxes at all.  Just ask AOC about who ended up writing that 5 billion dollar check that Amazon was going to pay over the next ten years for the complex that they didn't build in NYC.

If you are going to complain that this is an unfair advantage, make that complaint to congress as they are the ones who write the laws that these returns were filed under.  Learn the system before you bitch about someone using it as it was written.

[Robert]

As a practicing CPA and having taught in a top rated undergraduate program for twenty years I can tell you quite a bit about the American tax system.
Real estate investing is one of the most tax advantaged investments that can be made.   Taxes due have very little to do with free cash flow from the investments.  It is very easy to show tax losses with depreciation and other non-cash expenses that are reported.  I have seen many real estate partnerships with billion dollar free cash flows that can still show a net investment loss for income tax purposes.  What you haven't seen, and probably wouldn't believe anyway, is how these are more tax deferments that non-taxable transactions. When/if these properties are sold the tax tax bill will be Huge (in your words) in capital gains taxes.  If they are never sold, the cash flow will become taxable on an ongoing basis as only the cost basis can be used to offset the income.  Once that basis is written off the income becomes taxable.  It is a win/win in the long run.  Without the tax incentives, most businesspeople would not take the risk of billion dollar investments.  If they are not built they would pay any taxes at all.  Just ask AOC about who ended up writing that 5 billion dollar check that Amazon was going to pay over the next ten years for the complex that they didn't build in NYC.

If you are going to complain that this is an unfair advantage, make that complaint to congress as they are the ones who write the laws that these returns were filed under.  Learn the system before you bitch about someone using it as it was written.

  EXACTLY

[Wizzard]

As a practicing CPA and having taught in a top rated undergraduate program for twenty years I can tell you quite a bit about the American tax system.
Real estate investing is one of the most tax advantaged investments that can be made.   Taxes due have very little to do with free cash flow from the investments.  It is very easy to show tax losses with depreciation and other non-cash expenses that are reported.  I have seen many real estate partnerships with billion dollar free cash flows that can still show a net investment loss for income tax purposes.  What you haven't seen, and probably wouldn't believe anyway, is how these are more tax deferments that non-taxable transactions. When/if these properties are sold the tax tax bill will be Huge (in your words) in capital gains taxes.  If they are never sold, the cash flow will become taxable on an ongoing basis as only the cost basis can be used to offset the income.  Once that basis is written off the income becomes taxable.  It is a win/win in the long run.  Without the tax incentives, most businesspeople would not take the risk of billion dollar investments.  If they are not built they would pay any taxes at all.  Just ask AOC about who ended up writing that 5 billion dollar check that Amazon was going to pay over the next ten years for the complex that they didn't build in NYC.

If you are going to complain that this is an unfair advantage, make that complaint to congress as they are the ones who write the laws that these returns were filed under.  Learn the system before you bitch about someone using it as it was written.

I was wondering when you would chime in? Thanks