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I guess the New York Times needs to learn about depreciation
greenblood
Member Posts: 14,573
https://www.google.com/amp/s/mobile.nytimes.com/2017/03/14/us/politics/donald-trump-taxes.amp.html
So if you write off depreciation and expenses, you're an asshole? Writing off 40% of gross income isn't out of the ordinary for investment property owners.
So if you write off depreciation and expenses, you're an asshole? Writing off 40% of gross income isn't out of the ordinary for investment property owners.
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*write off, and you're right -
You and Trump need to learn what depreciation is. You don't "depreciate" construction.greenblood said:
The White House described the business losses as a “large-scale depreciation for construction,” but did not elaborate. -
This isn't gonna be a thread trying to claim there are differences between revenues, expenses, profits and losses is it?
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Our resident master burger flipper and part time accountant will surely fuck up the thread, as always.doogie said:This isn't gonna be a thread trying to claim there are differences between revenues, expenses, profits and losses is it?
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Neither you nor doogie even understand the point. You learn in the very first accounting class that you don't depreciate construction. Your ignorance is noted.Southerndawg said:
Our resident master burger flipper and part time accountant will surely fuck up the thread, as always.doogie said:This isn't gonna be a thread trying to claim there are differences between revenues, expenses, profits and losses is it?
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Yes...we need HondoFS to add accounting now to the list of things he is an expert in being clueless about...
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"... did not elaborate".. Rather than being ardently literal, I'll give him the benefit of the doubt and assume the reference was to the depreciation of capital equipment used for construction and cost basis adjustments accounting for direct construction costs. Both lower your tax liability. Something you might learn if you ever grow up to be someone who actually makes something.2001400ex said:
You and Trump need to learn what depreciation is. You don't "depreciate" construction.greenblood said:
The White House described the business losses as a “large-scale depreciation for construction,” but did not elaborate. -
The point isn't that the deduction isn't valid. Dumbfuck. The point is that Trump isn't smart enough to have the wording accurate on an official white house statement.Southerndawg said:
"... did not elaborate".. Rather than being ardently literal, I'll give him the benefit of the doubt and assume the reference was to the depreciation of capital equipment used for construction and cost basis adjustments accounting for direct construction costs. Both lower your tax liability. Something you might learn if you ever grow up to be someone who actually makes something.2001400ex said:
You and Trump need to learn what depreciation is. You don't "depreciate" construction.greenblood said:
The White House described the business losses as a “large-scale depreciation for construction,” but did not elaborate. -
And you are the idiot who thinks Trump wrote the statement and/or that there is anything there, and that you aren't just grasping for straws (now he "isn't smart enough" because of some last minute PR statement put out) now that another one of your baseless attacks on Trump (that he doesn't pay taxes) just blew up in you face?2001400ex said:
The point isn't that the deduction isn't valid. Dumbfuck. The point is that Trump isn't smart enough to have the wording accurate on an official white house statement.Southerndawg said:
"... did not elaborate".. Rather than being ardently literal, I'll give him the benefit of the doubt and assume the reference was to the depreciation of capital equipment used for construction and cost basis adjustments accounting for direct construction costs. Both lower your tax liability. Something you might learn if you ever grow up to be someone who actually makes something.2001400ex said:
You and Trump need to learn what depreciation is. You don't "depreciate" construction.greenblood said:
The White House described the business losses as a “large-scale depreciation for construction,” but did not elaborate.
God you are a fucking moron...
