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originally posted by: Phage
a reply to: neo96
I thought you didn't like corporate welfare.
Sorry. I guess I was mistaken.
It’s possible that while Trump earned that compensation for 1995, he was not actually paid it by the company until 1996 or later. Some executives defer their compensation in order to delay paying taxes.
HOW IS HE?
Spell it out.
Equity is not income. But yes, it is possible to defer taxes via an IRA. But you will pay taxes on it.
By deferring taxable income ?
You do it.
Either by building EQUITY in a home, or a IRA or 401.
Equity is not income
Mortgage interest does not increase equity.
That mortgage interest deduction that reducer taxable income.
For a while.
The same way IRA and 401s reduce taxable income.
Yeah it does.
The IRS says so.
Not unless you gain a pretty large amount of equity. But again, capital gains is separate from other income. You have trouble with the difference. I understand.
That's why when a person sells their home they get hit with a capital gains tax.
originally posted by: SecretLife
I like to point out that America is not longer strongest..
Because every single country out there hates america for their racist people & would nuke America any day.
Secondly, with every country siding with hating america, we can all easily nuke & wipe america's crap out of our world.
Because everyone knows america is bad already anyway
#Russia&China is powerful than America,
All nations can join forces to wipe america off the planet for good.