Depreciation for buildings that are not suffering wear and tear, that is a generous tax benefit, every developer gets that, but taking deductions on other people's money, that goes beyond what other real estate developers would do. Steven Rosenthal More Quotes by Steven Rosenthal More Quotes From Steven Rosenthal He is misdirecting the public by focusing on deductions, sure, he took deductions. They were probably lawful. But he borrowed money to take those deductions. When loans were forgiven, he never picked up any income. Steven Rosenthal politics It's only typical if you're a big loser. Steven Rosenthal politics I expect Trump will stall at every opportunity. Steven Rosenthal politics There will be a lot of rough edges, which advisers and taxpayers will exploit, the COGS loophole for BEAT is a straightforward gimmick, but I am unsure how or whether the IRS will stop it. Steven Rosenthal business These are just some of the publicly touted ideas. I am sure there are many more being touted privately. Steven Rosenthal business Otherwise you leave a loophole and incentive for these combinations to continue. Steven Rosenthal company-news At the end of the day, I think they'd step back from the precipice and just tinker around with the current system, but you never know. We are living in strange times. Steven Rosenthal top-news
