Tax guy here. Depreciation is a personal favorite of Trump (and most big businessmen). His tax Pretty Never Underestimate An Old Man With A Jeep Shirt reform included a provision allowing for a 100% bonus depreciation. Meaning that a business can essentially write off or expense 100% of the cost of an asset in the year of purchase rather than depreciate it over time. Which is the whole concept of depreciation to take the tax benefit over the useful life of the asset. There were already several mechanisms in the tax code for accelerating depreciation before Trump’s plan section 179 depreciation and limited bonus depreciation.
Pretty Never Underestimate An Old Man With A Jeep Shirt, Tank Top, V-neck, Sweatshirt, And Hoodie
I frankly don’t really care about Trump’s business acumen. Big businesses can run consistent Pretty Never Underestimate An Old Man With A Jeep Shirts losses by expanding rapidly. And expensing costs upfront see Amazon’s $0 in tax paid for 2018. Even in the 80s and 90s as his brand was expanding. Trump was not building enough to be writing off billions due to depreciation alone. His interest expense was high, meaning much of his operating cash was likely coming from loans and not actual operating income. I’m sorry but that is a lot of text to just bull away his income tax. You don’t need to see 1040, the data is here in the article, you don’t need to pretend it’s ok.
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Christine Wihs (verified owner) –
Product is going to be a Christmas gift but it looks as if the fit is going to be just fine. Was especially pleased with the quick delivery of item. Thank you, Amazon!
Tp D. (verified owner) –
Purchased this for my 16 year old grandson in an adult medium….he’s tall and lanky. It’s a little large, but since it’s cotton I figure it will shrink with washing. He’s a Mahones fanatic so I think he’ll like it. I haven’t washed it yet, but it’s a little scratchy and I don’t expect it to soften up in washing, not that he’ll probably care. For the price, it’s a good way to get logo merchandise that fans will love.