Page 27 - Write Off News Today

Western wall of this place. and your heart just breaks. peter, the owner of this place, i just left him a voice mail. one of his employees told me he had aaa insurance. i hope thats the case. because this is a total write-off. these were slips for jet skis that have been shoved up. blown into the restaurant. hugely popular place on the atlantic side of key largo. an institution for many years. peters from the netherlands. he bought it a couple of years ago, expanded it. but if this is a sample o...

Fence, of the neighboring businesses here. this was the bar. >> you can see they tried to board up with plywood, but the storm and the winds blew through it and inside the restaurant shoved everything up against the western wall of this place and your heart just breaks. peter, the owner of this place, i just left him a voice mail. one of his employees told me he had aa assurance. i hope thats the case because this is a total, total write-off. you can see these are all slips for jet skis that hav...

Geopolitical importance that we cant sort of write off. lets see how the trump policy of im going to make good and were not going to have empty threats and lets see how it works in the face of tough talk from the russians. the answer is we dont know. the trump press conference maybe shed some light on it, but i doubt theyll resolve the differences between the two of them in a sitdown between vladimir putin and rex tillerson. >> thats very important and you have this meeting happening right now a...

Pages of summary from 2005. what it revealed was that president or donald trump as he was then had paid $38 million in one year. an enormous amount of money. >> stuart: >> almost as much as you pay in a year. >> stuart: silent. quiet on the bench. but that was the tax rate of 25%. that was almost double the tax rate paid by bernie sanders. >> it revealed that donald trump with at least respect to these documents has been telling the truth about his wealth, the severity of his taxes. yes. >> stua...

Their insurance. how much their prices will go up. >> bill: thats true but you have to put it in the context of, it will be worse for the people who dont take the time to get the safety net or use the safety net that is being provided. so, that is really the essence of the debate. >> i dont know if i agree with that. >> bill: wait a minute. say you are making $30,000 a year, no longer are they going to get direct payments from the federal government to buy their health insurance. they are going ...

Up. >> bill: thats true but you have to put it in the context of, it will be worse for the people who dont take the time to get the safety net or use the safety net that is being provided. so that is really the essence of the debate. >> i dont know if i agree with that. >> bill: wait a minute. say you are making $30,000 a year, no longer are they going to get direct payments from the federal government to buy their health insurance. they are going to have to go and write off, you know, a pretty ...

You have avoided paying federal income taxes? >> no, but i pay tax and i pay federal tax, too. but i have a write-off. a lot of its depreciation, which is a wonderful charge. i love depreciation. you know, shes giving it to us. >> reporter: it is literally a gift from congress. the irs rules that allow businesses to write off depreciation on just about everything, even if its a building, and even if the value of the building is increasing. heres how. think of a huge group of companies. thats wha...

>> can you say how many years you have avoided paying federal income taxes? >> no, but i pay tax and i pay federal tax, too. but i have a write-off. a lot of its depreciation, which is a wonderful charge. i love depreciation. you know, shes giving it to us. >> reporter: it is literally a gift from congress. the irs rules that allow businesses to write off depreciation on just about everything, even if its a building, and even if the value of the building is increasing. heres how. think of a huge...

Campaign any news on releasing those tax returns? >> i have asked again today, anderson, no response. >> someone who knows more than most about trumps finances, timothy obrien co-wrote a piece about trumps wealth. trump said of obriens sources, quote, you can go ahead and speak to guys who have 400-pound wives at home who are jealous of me. trump also sued him for $5 billion, but the case dragged because trump wouldnt turn over his tax and other financial records, and then a judge threw it out. ...

Commercial real estate is self-sheltering. thats why we look at a guy like donald trump and we say, is he at zero? its like, yeah, hes a zero. >> drew, so we know we had this huge write-off in 1995, and could have prevented him from paying any federal income tax or personal income tax for many, many years, it sounds like its feasible that he could still not be paying federal income tax. >> yes, and that could be whats preventing donald trump from releasing these tax records, not that audit that ...