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If you were writing tax law yourself, would you write it in a way that that the way you handled donald trump's tax returns would not be possible? >> yes. >> and how would you change it? what do you think is wrong with it now? >> for years, construction period carrying charges, interest and taxes during the construction period which could go for multiple years were currently deductible. where as they're really capital expenditures. from an accounting viewpoint. as a consequence, a developer was getting a current deduction, not paying tax and was building something of tremendous value. >> what w...

Building an incredible net worth and not paying tax on it. if you were writing tax law yourself, would you write it in a way that that the way you handled donald trump's tax returns would not be possible? >> yes. >> and how would you change it? what do you think is wrong with it now? >> for years, construction period carrying charges, interest and taxes during the construction period which could go for multiple years were currently deductible. where as they're really capital expenditures. from an accounting viewpoint. as a consequence, a developer was getting a current deduction, not paying ta...