What is the basis for owing income tax on a loss? The more you lose, the more you pay? LOL.
You are correct of course, but the meme is a silly meme.
Agree it is silly, but it will become the big story for this and a few more news cycles to come. CT has a good article on it, The New York Times has published part of the tax returns of a private citizen in an effort to score political points for a candidate they endorse, Hillary Clinton
The article contains the following Trump campaign statement:
Anybody who avoids taxes is aok in my book. It isn’t how much you make it is how much you keep and that is why he pays the best lawyers the money.
1) hates paying taxes like we all do, 2) hates to see the government waste our money and 3) does everything he legally can to pay as little as he can.
Bravo !