Did Donald Trump Lose More Than $1 Billion On Purpose? [Fortune]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Fortune
Did Donald Trump Lose More Than $1 Billion On Purpose? How do you lose more than a billion dollars? The New York Times Donald Trump’s tax data Trump responded The question is, was Trump truly so bad at this business that the losses piled up sky high? Or was he engineering huge losses on paper to offset paying taxes on income? Appreciate depreciation The first step to clearing confusion is to understand that losing money doesn’t mean companies and people don’t walk away with cash. “There’s lots of legal ways to report the non-cash losses [but] that doesn’t mean you don’t have the cash in your pocket.,” said Thomas Patrick Dore, Jr., a concurrent professor of law at the Notre Dame Law School and professor of practice at the Fitzgerald Institute for Real Estate, as well as senior counsel in Davis Polk’s Real Estate Group in New York City. The main tool is depreciation. In accounting, there’s an assumed natural lifespan for assets that companies buy. “If you were in the trucking business
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