Saturday/ robber barons and wealth concentration

‘We are back in an era of robber barons and wealth concentration’ comments one of the readers on the New York Times expose article about Donald Trump’s 1995 tax return snippet that they had obtained.  (Trump still refuses to release his tax returns, a tradition that had held since the Nixon years for all presidential candidates).   The New York Times writes that Trumps loss of $915 million is ‘so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years’.  (Income in later years can be offset against the loss in 1995). Mr. Trump declined to comment on the documents.

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Whoah .. that’s a big number.  A loss of 915 million dollars in one year. (From the New York Times).

10-2-2016-6-39-19-pm

 

 

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