You don't pay taxes on assets. You pay income taxes on income. If his assets are run by his kids, then they would be on the hook for whatever income is generated not Trump.



He has created at least 34,000 jobs according to CNN. Scale matters obviously a hotel business that's probably 1/100 in size of Amazon is not going to employ the same amount of people.

My favorite part of this is Trump claimed to be worth 4.5 billion, but when people looked closer they see it would be a stretch to say he's even worth 1 billion since his calculation included shit like the Trump name being worth 2 billion or some ridiculous number.

Meaning the 400m or so he inherited from his dad has probably only appreciated at the rate of inflation.

funny enough i would ask a new employer when moving companies if they can pay an llc instead of an employee, and i usually got a hearty chuckle and something along the lines of “yeah if only”


https://money.cnn.com/2015/09/03/news/economy/donald-trump-jobs-created/index.html

it was something like 20-30k employees before he ran. not exactly Amazon level but certainly nothing to sneer at

Iirc all of trump co. (And their hundreds of businesses) employee count is ~20k ish

Vs. one company , 800k

As you said, yes scale is very important

When you have the scale giants like FB, Microsoft, amazon have then you have a different type of bargaining utility.

No that’s not what I’m saying (first part of ur post, 2nd I replied to above)

U have your salaried job, whatever it may be and whatever your income is. The tax you pay on that is say 100k for example purposes

You then make a private LLC, you can classify your business type as literally whatever you want. Consulting is an easy one to use. Your office space is your home office. You then write off whatever you feel comfortable with for your LLC, cars, “employee” education (your children) , “employee salary” (your wife). Your computers l, traveling, meal expenses etc

Come up with enough to subtract from your salary

That 100k gets to fractions very fast

This post was edited by Bazi on Sep 28 2020 08:23am

You could compare it to other hotels or whatever and see similar things. There are so many different ways to setup a company, so many different ways to create tax shields.

Like this year hotel & hospitality got curb stomped. They will have massive net income losses. Guess what? These are tax write offs and could actually be rolled into the future. So in reality the losses from this year could shield pre tax income for the next 5 years.

It's run by his kids, but owned by Trump. So Trump would still be on the hook for any income generated, but it may be deferred until he actually draws it from the trust.

I don’t think we are communicating properly

I’m not saying trump did anything legally wrong

I’m saying comparing him to ‘profitable’ tech titans are erroneous comparisons

Is he entitled to write everything off. Sure, under present tax law which he ran on changing

The scale I was talking about was giving him the benefit of the Doubt on dodging taxes even IF he was profitable, aka the arguments others (Big tech) use which is when scale becomes important

This post was edited by Bazi on Sep 28 2020 08:27am

Now you’re backtracking. You said Trump has never ran a successful business. That’s factually not true.

I expected better from a former eternity guild mate

“To lump trump into this demographic is absurd because he has never run a stable profitable business.“

Obviously implying he never ran a stable profitable billionaire business. Not talking about the hundreds of small businesses that encompasses all of trump org which still don’t add up to this number.

The men are talking right now