I agree he should be transparent on his finances
The question of this thread isn't "Should Trump release his tax returns?"
Why he lost almost a billion is a fair question, and I think we will learn more about this over the next few days.
Big companies lose big money.
Apple had a billion + loss
Warren Buffet has had a billion + loss
The commercial real estate market is a high risk/high reward segment.
That he lost the money, may or may not be a reflection of his business acumen. The fact remains though that he gained it all, and more back.
So did Apple and Buffet.
The US Tax code allows taxpayers to offset taxes with losses. You as a private citizen can do it.
Whether or not you agree with it, the reasoning as respects companies is that it's better to have a company remain viable and continue to employ Americans than to go out of business.
As long as he didn't violate the tax code, he didn't do anything that virtually all of us do: Take advantage of whatever deductions, credits and exemptions are made available to us.
If someone doesn't, they are either lazy, ignorant, foolish or among a very rare minority of folks who believe they shouldn't because the government needs more money to waste.
The tax code allows millions of Americans of low income to pay no income tax. Does this mean these people don't have a right to offer opinions about how the government runs? Does it mean any support they express for The Troops
, is invalid?