If they did this illegally, WHY aren't they charged....??

The NYT Report on Trump’s Taxes Not the “Bombshell” They Think It Is  By Kelly  Sep 29, 2020

This latest “bombshell” from the MSM is predictable. Throwing dirt at Trump on the day   of the Biden debate was to be expected. Illegally reproducing his tax returns is an extreme move as it’s a federal crime but the Left is desperate. And no one seems to understand that the way property investment is conducted is by debt and debt-financing. The tax is paid when the property is sold. Every equity gain (when the property goes up in value) is used to secure more debt to purchase more property. Debt doesn’t incur tax. Profits do. Legitimate expenses such as depreciation and maintenance can be claimed on your tax return. Rental income is also included. The difference is taxed. Look at this example.

Tim Boyd@tjboyd

if you buy a property worth $10 million, it depreciates at roughly $370k/year for 27.5 years. Every year the property earns $300k in rental revenue.

Rev $300k 

Exp $370k

Deferred tax asset carry forward= $70k 

Tax liability= $0

Not rocket science

4:45 PM · Sep 28, 2020

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