[grey_whiskers]

GET THIS OUT THERE , IT'S THE NY SLIMES.

President Trump’s tax records obtained by The New York Times show that so-called depreciation losses and other tax breaks for the real estate industry embedded in federal tax law for a century helped reduce Trump’s income taxes. https://t.co/C8JWKb3sD0— The New York Times (@nytimes) October 31, 2020

[Steven W.]

This is the OCTOBER SURPRISE NYT was promising the DEMs - shock! TRUMP used federal tax laws!

[xone]

that so-called depreciation losses and other tax breaks for the real estate industry embedded in federal tax law for a century helped reduce Trump’s income taxes

WOW, no way, guys who use a tax attorney that knows the law, can reduce your Federal taxes? Stop the presses, this is yuge.

[little jeremiah]

President Trump’s tax records obtained by The New York Times show that so-called depreciation losses and other tax breaks for the real estate industry embedded in federal tax law for a century helped reduce Trump’s income taxes.

IOW what he did is perfectly legal according to the tax code.

[stylin19a]

too funny.

The recent demise of real estate tax shelters, part of a landmark 1986 overhaul of the tax code, was “an absolute catastrophe for the country,” Mr. Trump testified to Congress that day in November 1991.

House and Senate were controlled by RATs in 1991.

Mr. Trump, who blamed the 1986 law for a subsequent fall in real estate prices and a deep recession, was one of several developers who urged lawmakers to restore the breaks in full. In 1993 Congress restored those breaks. At the same time, it carved out another advantage for the real estate industry.

House and Senate were controlled by RATs in 1993.

There is no there there in this article...