Wealth and Law

Wealth and Law


Lessons From The Trump Tax Returns

September 30, 2020

This week we discuss the recent New York Times article disclosing what it claims are President Trumps tax returns and tax information. Rachel and Brent peal back the onion of the tax code to break down the net operating losses, tax credits, deductions, payments, and refunds disclosed in the article. They also dig into the tax laws that apply to the positions taken in the returns.

As an initial assumption, we take the factual claims in the articles as true and then jump off from there to explain how the techniques used on the returns are done under the tax code.

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