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| Topic | Politics Containment Topic 329: There's No Debate |
| red sox 777 10/16/20 4:27:29 PM #130: | He has assets too. He has a ton of high quality real estate (probably much of it is used to secure the debt). But the thing about real estate is, thanks to 1031 exchanges, as long as you continue to invest in real estate, even if you sell a particular building, you never ever realize your gains as income on a tax return. So it's not particularly surprising that he never shows income on taxes, it just means he's really good at converting regular taxable income into nontaxable unrealized real estate capital gains. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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