Headline of the day: How the rich get richer
From the New York Times:
Trump’s Tax Dodge Stretched Law ‘Beyond Recognition’
- Donald J. Trump avoided reporting hundreds of millions in taxable income with a tactic so legally dubious that his lawyers said an I.R.S. audit would most likely find it improper.
- Tax experts who reviewed documents for The Times said Mr. Trump trampled a core tax policy tenet by receiving tax benefits for losing vast amounts of other people’s money.