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What in the hell is this supposed to mean?

Posted on: September 29, 2020 at 14:03:37 CT
tigerdb MU
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"A good real estate tax attorney will have you take out income exactly equal to the depreciation tax advantages thereby showing you have near zero tax liability."

How does what "taking out income" from a partnership or corporation REDUCE your income tax liability?
- AGAIN, if it's a LLC, you pay tax on the pass-through income, taking a draw doesn't reduce that overall (the draw is a guaranteed payment - subject to both ordinary income tax and SE tax.)
- AGAIN - if your business is a corporation, what you "take out" is either a wage (subject to tax) or a dividend (which doesn't reduce the corporate TI.)

You are literally DAF, boy.

Edited by tigerdb at 14:06:09 on 09/29/20
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How come the NYT have not released Trumps Tax returns yet - tcat KC - 9/29 12:12:06
     They don't have them (nm) - Sal MU - 9/29 12:56:56
          They have a guy from SDNY verbally giving talking points(nm) - TigerFan92 STL - 9/29 13:40:40
               Whoever it is, I think that's correct - Sal MU - 9/29 13:49:20
     Correct. A good real estate tax attorney will have you take - TigerFan92 STL - 9/29 12:33:01
          "take out income?" What in the **** are you talking about - tigerdb MU - 9/29 12:59:44
               Hard to believe you can't seem to understand what are busine - TigerFan92 STL - 9/29 13:07:27
                    I'm glad that you have someone to tell you what to do, - tigerdb MU - 9/29 13:24:05
                         My tax attorney does it every year. He projects in December - TigerFan92 STL - 9/29 13:34:50
                              well, what does "take out income" have to do with that? - tigerdb MU - 9/29 13:49:09
                                   I spend the extra within the business. Are you really an - TigerFan92 STL - 9/29 13:56:05
                                        What in the hell is this supposed to mean? - tigerdb MU - 9/29 14:03:37
                    there are folks embarrassing themselves in this thread - 90Tiger STL - 9/29 13:13:26
                         correct teetee - anyone that thinks "taken out as income" - tigerdb MU - 9/29 13:30:35
                              Do you think rich people pay themselves weekly?(nm) - TigerFan92 STL - 9/29 13:31:28
                                   What in the **** are you talking about? - tigerdb MU - 9/29 13:43:13
                                        yer no accountant. no way one is this dumb(nm) - TigerFan92 STL - 9/29 13:57:12
                                             I don't see how someone as stupid as you, has a business - tigerdb MU - 9/29 14:04:45
          RE: Correct. A good real estate tax attorney will have you take - MOCO SON MU - 9/29 12:44:56
               of course. The leaks would have been actually damaging(nm) - TigerFan92 STL - 9/29 12:50:11
          Does that include the $70K for hair styling? - Gyro MU - 9/29 12:35:58
               That was for the TV show. While dumb that is not yer busines - TigerFan92 STL - 9/29 12:49:40
               You keep saying these numbers like they are true. - tcat KC - 9/29 12:39:16
                    Oh they're not true? - Gyro MU - 9/29 12:42:57
                         So what if it is? It was for a TV show. Pretty sure he has a - TigerMatt STL - 9/29 12:50:30
                              The best was the late night host rubbing his hands in it - TigerFan92 STL - 9/29 12:55:28
          That's a great point... but... - TigerMatt STL - 9/29 12:35:56
               yeah that is one thing you are clueless about. you do have - TigerFan92 STL - 9/29 12:48:59
                    That would be you and your stupid dinosaurs lived with - TigerMatt STL - 9/29 12:51:17
                         Ok ape man(nm) - TigerFan92 STL - 9/29 13:13:00
               He should be more like you where you reply to a post... - Gyro MU - 9/29 12:37:44
                    Just returning the favor to a hit and run poster who - TigerMatt STL - 9/29 12:45:11
                         Hit and run poster = poster who doesn't post all day... - Gyro MU - 9/29 16:50:34
     NYTimes: MSM sources are committing felonies in leaking - BH O'bonga MU - 9/29 12:26:09
          RE: NYTimes: MSM sources are committing felonies in leaking - MOCO SON MU - 9/29 12:36:12
          lol sharing information is not a crime (nm) - pickle MU - 9/29 12:29:17
               Do you mean a real crime or are we taking Pickle crimes - DHighlander NWMSU - 9/29 12:33:36
                    i always mean real crime - pickle MU - 9/29 13:04:30
                    Pickle has already ruled so ba bye(nm) - Gyro MU - 9/29 12:36:28
     They addressed that in the article. - kmawv8 MU - 9/29 12:16:13
          lmfao, you're so gullible (nm) - 90Tiger STL - 9/29 12:21:03
               I gave him the answer that NYT claimed. - kmawv8 MU - 9/29 12:29:12
                    the question wasn't "why does the NYT say they aren't - 90Tiger STL - 9/29 12:35:45
                    He's an angry cyclist(nm) - Gyro MU - 9/29 12:33:42
          lol(nm) - Ragnar Danneskjold MU - 9/29 12:20:39
          “Source” is most likely the SDNY. Nm - Savage KC - 9/29 12:20:10
          How would a copy of the return expose the source - Spanky KU - 9/29 12:18:58
               How do you know it is a copy of the return? - Ace AU - 9/29 12:21:34
                    Corporate returns(nm) - Spanky KU - 9/29 12:43:46
               I haven't seen it so I can't really answer that. - kmawv8 MU - 9/29 12:20:49
                    I am skeptical of any story that depends on anonymous - Spanky KU - 9/29 12:38:36
                    You mean - meatiger MU - 9/29 12:21:42
                         Except that the NYT has been burned repeatedly the last - DHighlander NWMSU - 9/29 12:28:40
                              So feel free to be skeptical - meatiger MU - 9/29 12:33:28
                                   Anything from the NYT about Trump I disbelieve. They have - DHighlander NWMSU - 9/29 12:37:25
                                        On this issue - meatiger MU - 9/29 12:38:45
                                             Made up based on sources that tell them what they want to - DHighlander NWMSU - 9/29 12:39:44
                              No, it's not except for that. That's EXACTLY part of the - kmawv8 MU - 9/29 12:30:31
                                   Why would they drag their name through the mud then? - tcat KC - 9/29 12:37:24




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