Hot Science Over Fiction Hope Over Fear Joe Biden Vintage Shirt’

Tax guy here. Depreciation is a personal favorite of Trump (and most big businessmen). His tax reform included a provision allowing for 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. It is possible for big businesses to run consistent losses by expanding rapidly and expensing costs upfront – see Amazon’s $0 in tax paid for 2018.

Hot Science Over Fiction Hope Over Fear Joe Biden Vintage Shirt


Hot Landslidin Joe Biden American Flag Election Shirt


Funny Vote Biden Harris 2020 American Flag Sunglasses Election Shirt


Funny I Just Want To Do Woodworking And Ignore All Of My Old Man Problems Shirt


Hot Birds Christmas Tree Shirt


Pretty James Bond 50 Years Of 007 1962 2020 Signatures Shirt


Pretty We Live Inside A Dream Shirt


Top Lucille Ball Christmas Tree Shirt

Top 007 Sean Connery 1930 2020 Thank You For The Memories Signature Shirt


Top Santa Claus Dabbing Christmas 2020 Shirt


Nice Presidential Debate Donald Trump Joe Biden Knockout October 22 2020 Shirt


Nice Car What A Long Strange Trip It’s Been Sunset Shirt


Original Bye Loser Hair Donald Trump Election 2020 Shirt


Hot Imagine You May Say I’m A Dreamer But I’m Not The Only One Shirt


Funny Congratulations President Biden American Flag Election Shirt


Original Never Underestimate How Much Soul And Transcendence There Might Be In A Well Made Taco And A Cold Bottle Of Beer Shirt


Hot Dental Squad Tooth Dental Assistant Christmas Shirt


Nice Santa Face Mask Merry And Masked Teacher Squad Christmas Shirt


Original Logo Biden 46 Election Shirt

Funny Stop Killing Us George Floyd I Can’t Breathe Black Lives Matter Hand Shirt

All of that being said, I would expect to see some income being picked up somewhere here. 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 obviously have not seen all the details but this pattern of losses is indicative of a business with serious leverage and liquidity issues. There is a reason so many of the entities he was operating at this time were bankrupted.