It isn't lost.
It was deposited in a couple of offshore bank accounts.
Someone mentioned Spain as one possibility...
Posted on 10/06/2016 8:22:30 PM PDT by Kaslin
Behold Hillary Clinton’s hypocritical harrumph at the revelation from leaked private and personal tax records being published in the New York Times. Her umbrage at Trump reporting a carried-over nearly $1 billion loss on his 2015 tax return is phony and ignores that this is a common practice legally taken advantage of by many, including herself. Looking on page 17 of her 2015 tax returns, we find the righteously indignant Mrs. Clinton claiming a nearly $700,000 capital gains loss on assets held for more than one year.
The New York Times, as it turns out, also used the net loss provision of the tax code, and why not? The purpose of the provision is to let businesses survive in rough times and to keep their employees employed. Without it small businesses would die in infancy and larger businesses would teeter in tough times. This provision was put into the tax code to stimulate investment and encourage the risk-takers who create jobs. Trump was right when he said he had a fiduciary responsibility to investors and employees to pay as little tax as legally possible. The first objective of business is to stay in business, something which someone who never created a job or met a payroll might not grasp.
What kind of genius loses nearly a billion dollars? A genius like Obama buddy Warren Buffett reported a pre-tax loss of $873 million for tax year 2013. And, as the blog Flopping Aces reports, the New York Times also has used the ability to offset taxes with losses:
(Excerpt) Read more at americanthinker.com ...
http://directorblue.blogspot.com/2016/10/must-see-researcher-rich-weinstein.html?m=1
Did not vet Kaine.
I don’t think it was “lost.”
Yeah, she lost $6 billion of TAXPAYER money! Where is all the fuss about that! Who got the money? Where is the paperwork about where that money went??
Crooked Genius - Crooked Hillary
and what kind of genius blames hurricanes on Global Warming
The rules are ALWAYS different for Democrats. It’s a fact of life.
It isn't lost.
It was deposited in a couple of offshore bank accounts.
Someone mentioned Spain as one possibility...
What kind of genius loses a billion dollars in a single year?
What kind of genius loses 6 billion dollars, 4 American lives, a laptop, 4 cell phones, 3 tablets & 33,000 emails all while secretary of state?
http://images16.fotki.com/v258/photos/6/251696/10083002/CuCKxONWEAIPsi1-vi.jpg
That right there is the big lie. Six billion dollars leaves big tracks in the banking system. Forensic auditors would find it in a day.
If Trump wins I hope he investigates that!
Money went into offshore numbered accounts.
LOL Don should hit her with THAT one!
You forgot the partridge in the pear tree!
And as you point out under Hillary's watch the State Department "lost" $6 billion it cannot account for! This is a great counter-attack and I hope Trump takes this up either in the debates or in ads or both. She lost $6 billion of your money, and now she asking for $1 trillion more! Nuts!
“What Kind of Genius Loses $6 Billion, Hillary?”
A crooked one. Next question.
Do you think Trump can memorize all that?
An example: you borrow $100,000 to invest in something. The investment goes sour, and you lose all of it. You have a net loss that year, but you still have to pay back the $100,000 loan.
However, the truth is that carrying forward a loss simply allows you to offset future gains. For example, you buy a stock for $10,000 and sell it for $5,000. That's a $5,000 loss. If you have other capital gains in the same year, that $5,000 is subtracted from those.
On your individual return, you can offset $3,000 of ordinary income (wages, dividends, etc.) per year with a capital loss. So, our hypothetical $5,000 loss would be divided into a $3,000 adjustment to income, and a $2,000 carry forward into the next year.
The next year, the $2,000 can be used to offset a capital gain, or ordinary income.
If you held investments in a non-qualified account (i.e. not an IRA or 401(k)), you probably had significant losses in 2007 and/or 2008. Those losses would have carried forward into 2009 and later, offsetting future capital gains.
It’s in an off-shore bank account under the name DIANE REYNOLDS!!
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