Quote:
Originally Posted by The2Dogs
I am thincking that if you have an issue wit5h a person being able to not pay taxes for 20 years that you would be pissed off at the tax code, the IRS and be hugely in favor of a flat tax for all.
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I'm thincking what Sistern Crapple is suggesting is that large capital gains losses should not be capped and deferred. He is suggesting that Trump should have received a rebate that year for 38% of the full loss and clear the books. So that way, Trump loses only 620 million, gets 380 million IRS refund,....then he's clear to pay his regular income tax immediately the next year.
Me thincks that's what he's suggesting.
Wouldn't that be more fair than making trump drag out his loss for 20 years and deprive the Feds of their revenue?
Thinck about it....lmfao.