This story is unavailable.

While none of us can know precisely how Trump treated his losses on his Federal taxes, these provisions are actually reasonable (IMHO) in general. Owning property is not a no-risk proposition, whether on a small scale or large. And of course large businesses use these provisions more than small ones, that is because they are large, and their asset values are larger.

I am no supporter of Mr. Trump, but he put his money at risk, and lost big. If a small business owner of a tanning salon, or food outlet, loses their investment, as many do, they can legitimately deduct these losses from their taxes. If they lose say $50,000.00, a not uncommon occurrence, they may not have a payable tax liability for 3, 4, 5, or more years. This is not an injustice.

Show your support

Clapping shows how much you appreciated keith’s story.