Pretty Unicorn Being A Good Writer Is 3% Talent, 97% Not Being Distracted By The Internet Shirt

A Pretty Unicorn Being A Good Writer Is 3% Talent, 97% Not Being Distracted By The Internet Shirt guy here. Depreciation is a personal favorite of Trump (and most big businessmen). His tax 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. Although 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.

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I frankly don’t really care a Pretty Unicorn Being A Good Writer Is 3% Talent, 97% Not Being Distracted By The Internet Shirts about. So Trump’s business acumen. Big businesses can run consistent 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 from his income tax. But you don’t need to see 1040, the data is here. So in the article, you don’t need to pretend it’s ok.

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