04 October 2016

Trump's Taxes

This contrast should say all you need to know about Trump's taxes. He's a real estate mogul, so he can write of tens of millions of dollars he lost in scammy business schemes, money mostly owed to other people which through various shenanigans he didn't have to pay back but didn't have to report as income later either (like everyone else). Who, because of special provisions just for real estate moguls, can write off the damage and depreciation to millions and millions of dollars of property while ordinary middle class property owners trying to make a few bucks off a rental property, say, are strictly limited in what they can deduct. While ordinary middle class people struggling to pay back massive student loan debt can write off no more than a measly $2500 a year in interest payments; they have to just cough up the rest. The tax system is extractive and efficient against ordinary people but is RIGGED in favor of people like Trump.

But what is his "fix?" To LOWER taxes for himself and his ilk and cut government services for everyone else. Everyone who pays for it, in other words.

There's a word for people who fall for cons like this (and it's pretty much the same con as all Republicans are working on us):


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