"Income" has a specific tax meaning that stupid people who get one paycheck from the same entity and don't have property and investments seldom understand.
Yup. And everyone forgets that most people who had money in any stocks took huge losses 2008-2012 if they had to sell to get liquidity. Not to mention carry over losses were allowed for 5 years for businesses.
WORLD'S GREATEST DETECTIVES
Exactly.
Trust a NYT reporter to not know shit about how billionaires' finances work.
Especially billionaires who partially finance their own White House run and then donate their salary in the following years.
Seriously. He doesn't pay **income tax because he doesn't have any income. I'm sure he pays a shit ton in other taxes.. property, capital gains, etc..
"Income" has a specific tax meaning that stupid people who get one paycheck from the same entity and don't have property and investments seldom understand.
Yup. And everyone forgets that most people who had money in any stocks took huge losses 2008-2012 if they had to sell to get liquidity. Not to mention carry over losses were allowed for 5 years for businesses.