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| red sox 777 03/14/21 1:52:10 PM #43: | Jakyl25 posted... Dont have to pay taxes if you dont have net gains! I'm imagining Trump speaking with his accountants. Accountant: Mr. President, we don't think your claim to a net worth of $10 billion is accurate. We added up all your assets and debts and we have to stretch a bit on the valuation just to get to $1 billion. Trump: But you forgot to include my capital losses. Accountant: Pardon? Trump: I've lost $18 billion over the last 30 years. If I move to California I can make $18 billion in gains without paying taxes. The tax rate would be 50% (37% federal + 13% state) so my losses are worth $9 billion dollars. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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