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Originally Posted by skidman
OK, so the SCOTUS has paved the way for making the tax records of the nameless one available to the public. Any thoughts on what will be revealed? I expect the Deutsche Bank shaking their heads in disbelieve.
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What they'll find us that he took advantage of the tax laws' many loopholes that are available to corporate America but not too private citizens - things that are all legal but most people won't qualify for. Things like inventory property sales, graduated corporate income, low income housing investment income tax breaks, accelerated depreciation, etc. In many cases, the tax breaks can be interpreted differently by different lawyers, tax auditors, etc.
The closest most citizens get is capital gains tax, home mortgage interest, or child tax credits.
What his political opponents call crooked is really just trying to minimize tax burden through all legal means - and they all do it themselves.
Remember, Bill Clinton claimed his used underwear as a charity donation to reduce his tax burden...