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How cheating billionaires defer millions in taxes with this one simple trick: spend billions on entirely legitimate business expenses. Even the angle they work
by AmericanChopper 5y ago
How cheating billionaires defer millions in taxes with this one simple trick: spend billions on entirely legitimate business expenses.
Even the angle they worked in there about claimed depreciation not always aligning with eventually realized depreciation is nonsense. If he ever sells those assets for a profit, he’s just going to have to pay all those taxes back anyway.
I really can’t believe that the intention of articles like this is actually to inform the reader. It just seems like a way of getting low-information readers riled up about something they don’t understand.