Trump cheats at golf - the ONE and ONLY politics thread

Ok, but if we are socializing the risk that means we get to tax the rewards without complaint, right?!

 

Especially since he's obsessed with .., well, you know:

http://theconcourse.deadspin.com/a-...arefromsite&utm_source=The_Concourse_facebook

 

This election cycle hasn't exactly been a watershed moment for critical thought.

 

But that won't matter because Trump will do something to unnormalize things in a day or two. Maybe less. That's how he rolls.

 

It's not "socializing the risk".

The calendar year is an arbitrary period of time.

If I lose a million dollars on December 31st, but make a million dollars on January 1st, should I pay taxes on a million dollars, as if it's a net profit?

 

Yankefan will need to hit up Costco.

 

So they aren't worried about risk-taking, but profit timing?

 

I know it's frustrating when I play dumb, but it's a really bad look on you.

 

You're getting your generic market fundamentalist talking points mixed up

 

This thread grows by scores and dozens every hour it seems so apologies if this was posted.

Joey Honey.

 

But that was when he was working for Trump. Now he's working for us!*


*His actual comment, regarding his tax dodge.

 

A business loses $1,000,000 in Year 1. It owes no income tax.

A business makes $500,000 in Year 2. Such a year would result in (let's say) $150,000 in income tax liability.

Over the two-year period our hypothetical business has lost $500,000, but @RickStain can't quite work his brain around why we might say that business should have a total tax liability of $0.