Name:   CRD - Subject:   Are you really serious? Date:   10/3/2016 2:42:02 PM

So Archie, what you are saying is that because of him being such a poor businessman, his employees lost their jobs, vendors went unpaid and investors lost money.....yet you and the MSM want him to pay MORE taxes than what was legally required.  Wouldn't that act,  in and of itself, further jeopardize those same individuals and institutions you just mentioned? His fiduciary responsibility was to keep his business in the best financial position he could so that he COULD protect those you spoke of.   In addition, tax provisions at that time relating to real estate, including depreciation, allowed developers to claim losses even while their investments are APPRECIATING. (Can reference if you would like)  He may have suffered some lumps, but remember, those losses could have been carried over from multiple previous years. Smart accounting, something you or I if in the same position would certainly avail ourselves of.  Unless you would like to give up your mortgage deduction so that more of your income can go toward feeding the starving.....