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Main Street Business

#412 Trump Tax Rant - The Truth

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 5 January 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

Mark really goes off on the Trump naysayers, listen closely as Mark not only talks about the truths behind the attacks on Donald Trumps Taxes, but how it's possible for President Trump to say e on taxes as he does. Don't miss this weeks episode of the Main Street Business Podcast. To submit a question for the next open forum show, or to learn more, visit https://mainstreetbusiness.com/ Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to mi...

Transcript

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0:00.0

You're going to love this. Whether you're Democrat or Republican, this is about the American dream.

0:05.4

This is how an entrepreneur could or should do their tax returns. I'm going to take on

0:10.4

Washington Post. I want to talk about New York Times, Democracy Now. We're going to take on all

0:16.0

these writers that really don't have experience looking at a tax return and are pontificating on things that I don't

0:22.6

think are even true. We're going to have a good time doing this. I want to take your questions,

0:27.4

your comments. Love me, hate me. Just don't attack me personally. I'm not attacking you personally

0:32.7

or any Democrat or Republican. Let's talk about the American dream and making money. Hey, you want to pay the IRS more? Feel free. But I'm here to help you save taxes. I'm a CPA attorney, bestselling author, podcaster, radio show host, blogger, and I talk about Main Street America. And I want to help you save taxes. And if you come to me and say, hey, work, I just bought a rental property. I want to save taxes. Great. Let's roll open Trump's return and see how he did it. I'm, I was so

0:57.9

pissed when I saw New York Times say Trump's tax returns undermine his image as a successful

1:03.7

entrepreneur. Are you kidding me? His freaking tax returns were a blueprint of how an entrepreneur, a real estate investor should do

1:12.6

their tax returns. Do you think Trump was really designing all of his tax returns just to save

1:17.9

taxes? No, he's trying to make money. He's worth $3.2 billion. Now, I don't care what your tax

1:25.5

return says. With my clients, I'm trying to show you the least amount of income.

1:29.2

I want you to have cash flow and no taxable income.

1:31.8

Is that criminal?

1:32.9

No, it's not criminal.

1:34.5

Holy hell.

1:36.3

Mad.

1:38.0

Thanks everybody for watching.

1:40.8

I'm going to start coughing and lose it here.

1:43.9

I'm so upset.

1:44.8

All right.

1:45.4

Well, I went through the 2015 tax return in detail.

...

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