ML-Implode News - The most shocking part of Donald Trump's tax records isn't the $916 million loss everyone's talking about

By my read of the Trump tax return published by the New York Times, he would have been tax-free because of a $15,818,562 loss reported on Line 11 of the return under "Rental real estate, royalties, partnerships, S corporations, trusts, etc." It looks to me that this loss reflects the outrageous, special tax break that real estate developers that people like Trump can get, but that the rest of us can't. To give you the brief version, people who qualify as real estate developers or managers can use depreciation deductions to offset non-real-estate income. But people who don't qualify for this special treatment can't do that. (For full details, ask a tax expert about Section 469 of the tax code.)
... I have plenty of problems with the Clintons' financial behavior, as I wrote. But at least Hillary Clinton is proposing tax code changes that would cost her and her family money. Trump, by contrast, is proposing tax changes that would greatly benefit the commercial real estate business, which is his primary field, and would greatly benefit his own family. And when I asked his campaign last week whether he was proposing any tax changes that would cost him and/or his family any money, I got no reply.

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The most shocking part of Donald Trump's tax records isn't the $916 million loss everyone's talking about