Replies to post #311130 on Tornado Alley (PROG)

[BullNBear52]

DrHarleyboy: "Your lack of understanding of tax breaks and write offs is indeed appalling,"

There were no tax breaks involved and I explained to the idiot what Trump pulled off.

He ran his LLCs into the ground while overpaying himself then took the losses on his own returns. And did it for 10 years to the tune of over a billion dollars.

I guess I need to get the crayons out and draw him some T charts.

https://www.double-entry-bookkeeping.com/bookkeeping-basics/t-accounts-template/

It is Accounting 101.