Trump doesn’t release his tax returns. I think he’ll be okay!

We have a tax system that provides for a lower tax rate on dividend income. That is why liberal superstar, Warren Buffet pays a lower tax rate than his secretary. Our tax system also allows depreciation expense (non-cash charge) to be charged against income properties. Typically, you can write off the cost of income properties (building but not land) over 29 years. Trump has several billion dollars of real estate so he gets to shelter $100,000 to $200,000 of income every year. You have to recapture the depreciation when you sell the property but there are also ways around that. All of you politically correct putz’s seem to think this is unfair and that he is gaming the system. He is simply following the the tax laws that have been in place for the last 50 years or so. If you don’t like it, become better informed and lobby Congress to change the tax laws. If it is so unfair, why haven’t we gotten around to changing the tax laws over the last 50 years. I have never in my life met an individual who purposely pays more in taxes than the amount legally owed. I am more interested in his charitable donations. Hillary has reported approx $10 million in income (all from speeches and producing no jobs or economic benefit) and donated $1,040,000 (10%) to charity. Note that she donated $1,000,000 to the questionable Clinton Foundation which donates only 15% of the money it receives and is a slush fund for her and Bill’s personal expenses. She and Bill donated the remaining $40,000 to a golf tournament. The same golf tournament donated over $700,000 to the Clinton Foundation. Talk about gaming the system.

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