(03-15-2017 10:01 AM)Redwingtom Wrote:  Sorry, but you have no idea what you're talking about. The loss could be used to offset taxes for as many as 18 years as by law you get to carry some of it backward for 2 years and then get to carry the remaining forward for 15 years. So including the year of the loss plus the 2 plus the 15 you get 18 years...or nearly two decades just like the story says.

Clearly Trump reported enough income from 1995 to 2005 to clear out the last amount of the loss, around $100,000 which is taken on this 2005 return.

Without seeing the returns from 1996-2004, we have no way of knowing if he paid any taxes in those years.

Even knowing that we still know for a fact that he paid more in one year than the vast majority of Americans will make in a lifetime.

Your's and LazyTom's your posts are very informative. I always know what the left's narrative is or will be without having to look it up. #independent