Comments by "jacq danieles" (@jacqdanieles) on "Trump's $1 billion tax loss defense debunked" video.

@Erika Erikson. The Clinton Foundation? You mean the one that was forced to close for self dealing & being a fake charity? Oh wait, my bad...that was the Trump Foundation 😄😄😄
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@Erika Erikson. When did the FBI raid the Clinton Foundation & seize evidence? Sounds like you're regurgitating the fake news Trump keeps spouting. Links please. I'll be waiting. ...
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@Anonymous Person. Trump's book said he declared 10 years of tax losses from '84, during a booming economy? Which page was that on?
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@italia543210. People don't seem to realize that he likely didn't "lose" that much money. These are declared tax losses after taking huge write offs, deductions, & depreciation. It was him gaming the system or as he puts it: "sport". Which makes it even more egregious: he has a history of filling his pockets & thumbing his nose at the tax man. His father did exactly the same. He gets to enjoy the privileges of our government & infrastructure, while making billions of dollars, without contributing to it. The burden is picked up by the average Joe. Of course the Magats would be fine with this. We need reporters to produce a graphic of how much actual tax he has paid for each of the past 40 years, coupled with his annual net worth. I'm sure you'll see a steady increase in his net worth annually while the corresponding tax paid will be zero or negligible for most years.
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@flor wast. I'm assuming you're responding to the Clinton Foundation topic. The administration was Republican-controlled for 2 years. So if "they already have" the evidence, why is the Clinton Foundation open while the Trump Foundation is closed?
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@get lost. He makes billions, pays no tax. Some schmo making 10 bucks an hour pays tax. And you think it's one big joke. No question about who's the real shitstain...
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@AAA P. You say you're educated. But you are willing to vote for an obvious conman, someone with a clear history of not paying taxes, & a laundry list of unethical & possibly illegal behavior. I find that unfathomable.
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@italia543210. That's the best you got? Why am I "bugging out"? Because I & the rest of the average taxpayers have to pay our share of taxes while asshole billionaires, who already have more than enough, get to avoid paying. And other assholes, who are also paying taxes, defend that practice & think it's funny. Quit being so tribal. It's not a fcuking football team you're supporting. If corporations & the 1% couldn't play these games, maybe you would pay less tax & be able to afford college & health care.
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People don't seem to realize that he likely didn't "lose" that much money. These are declared tax losses after taking huge write offs, deductions, & depreciation. It was him gaming the system or as he puts it: "sport". Which makes it even more egregious: he has a history of filling his pockets & thumbing his nose at the tax man. His father did exactly the same. He gets to enjoy the privileges of our government & infrastructure, while making billions of dollars, without contributing to it. The burden is picked up by the average Joe. Of course the Magats would be fine with this. We need reporters to produce a graphic of how much actual tax he has paid for each of the past 40 years, coupled with his annual net worth. I'm sure you'll see a steady increase in his net worth annually while the corresponding tax paid will be zero or negligible for most years.
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@Ryan B. Um, no. Not necessarily. You obviously don't know what the fcuk you are talking about. You either didn't watch the interview above or you can't grasp the nuances of tax law.
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@Ryan B. I don't have to prove you wrong. The guy interviewed 2:42 above just did.
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Ryan B. LOL. You stated: "You take a loss when you lose money". You're not losing money when you assign a value for depreciation. "Depreciation is an accounting convention that allows a company to write off an asset's value over time, but it is considered a non-cash transaction" --Investopedia Nice try though. Ask for a refund on your accounting degree.
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Ryan B. You still here? Assume your entire networth is a $10m office building. After depreciating it for 10 years at 10% a year, what is your networth?
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@Ryan B. FFS. Take the example I laid out. Use 5% annual depreciation. What is the networth of the owner after 10 years?
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@Ryan B. LOL. Evidently you can't or won't answer the question. Hope it's not too late for that refund ...
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@Ryan B. Let me guess: you are the other "expert". And you still haven't answered the question.
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