By all accounts,Donald Trump used enormous genuine estate losses in the early 1990s to pay little or no taxes in subsequent years. In other words, he “income-averaged” his bad years and his good years. That seems to make perfect sense to many tax experts. And the eminently fair Megan McCardle of Bloomberg wrote a piece […]The post whether You Can’t Income Average Across Good and Bad Years, and Why Can Trump? appeared first on Progressive Policy Institute.
Source: feedburner.com