Originally Posted by Piobaire
Why do you feel capital gains should be taxed but capital losses should not be deductible? That strikes me as highly inconsistent and unfair.
I don't know enough about the kind of taxes Trump is filing...
But as a poor wage earner, the kind of capital losses I have are only deductible against my income to the tune of $3,000 a year.
So it sounds kind of like a richy-richpants thing if his fancy taxes allow him a situation where he can deduct 1:1 until it comes to zero for the year (and then keep carrying over).
And real estate developers have a lot of unique ways to claim losses that aren't available to other businesses or individuals (especially in the wake of his first big wave of bankruptcies).
But hey, he won't release any filings, so we can only speculate....but the optics of not paying income taxes for well over a decade look pretty bad to the voters, especially if people are going to make comments complaining about the share of non-rich people who don't pay income taxes (but...doesn't that mean they are smart?)