Value Buy
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Post by Value Buy on Mar 13, 2017 15:21:02 GMT -5
This source jumps all over the board on various state or federal taxes, but I found number one rather interesting, and I think this might be why President Trump does not want to release his taxes. Number one in the list deals with real estate investment trust tax rates, or how low they can be. No in depth examination here, but is conceivable Trump Organization receives tax breaks comparable to this. I think we already knew this was the case www.msn.com/en-us/money/taxes/25-facts-about-taxes-in-america/ss-AAnkx5Q?li=BBnb7Kz#image=2 |
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Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
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Today's Mood: Getting better by the day!
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Post by Value Buy on Mar 13, 2017 15:21:59 GMT -5
Number one was
#1. 0.16%: EFFECTIVE TAX RATE
In 2015, Equity Residential — a real estate investment trust based in Chicago — paid just 0.16 percent in effective tax rate, the lowest of any company in the S&P 500.
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Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
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Post by Value Buy on Mar 13, 2017 15:22:55 GMT -5
For clarification, I cannot really state Trump has the organization lawfully set up as a trust
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ken a.k.a OMK
Senior Associate
They killed Kenny, the bastards.
Joined: Dec 21, 2010 14:39:20 GMT -5
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Post by ken a.k.a OMK on Mar 13, 2017 15:27:13 GMT -5
I also believe he doesn't want people to see how little he gave to charity and what he's worth. It would prove him a liar, but he's proven that almost a daily.
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billisonboard
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Post by billisonboard on Mar 13, 2017 15:28:08 GMT -5
#24. $271 Billion: Total Amount of Refunds
Everyone loves to get a refund, and there was plenty to go around in the 2015 filing season. The total refund amount was $271 billion, and we can only hope for an even bigger number for the 2016 filing season. I work to have an amount withheld which results in me writing a small check each year. |
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