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by losses that he aggressively employs to avoid paying taxes

 
 
Reply Sun 27 Sep, 2020 06:06 pm
"Employs"? Employs what? Employs losses?

====================
The New York Times tweeted 2hrs ago:
Exclusive: The Times has obtained tax-return data for President Trump extending over more than two decades.
It shows his finances under stress, beset by losses that he aggressively employs to avoid paying taxes and hundreds of millions in debt coming due.
 
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oralloy
  Selected Answer
 
  1  
Reply Sun 27 Sep, 2020 06:45 pm
oristarA wrote:
Employs losses?

Yes.

He uses his past losses to legally avoid paying taxes.

Past losses can be used to offset current income if you have a good tax lawyer.

So for example if you lost a million dollars two years ago, but you earned a million dollars this year, you could claim that your income this year is zero.

I think the idea is that you are not gaining "new" income but only making back what you previously lost.
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chai2
 
  5  
Reply Sun 27 Sep, 2020 06:52 pm
I'm guessing the question is about the use of the word "employs"?

If that's the case, the word here doesn't pertain to people who work for him, or the process/act of employing someone.

In this sentence, you can substitute the word "uses" or "makes use of".

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