I’m an 85-year-old retiree living on Social Security and a pension [“Report on Trump taxes,” News, Oct. 2].
While I haven’t paid a lot of federal income tax, I’m happy to pay to support our country.
Lois Meyer, Ridge
Donald Trump was allowed to take a nearly $916 million loss in 1995 as a measure of relief available to anyone who has this type of loss [“A storm over taxes,” News, Oct. 3]. It doesn’t show him to be a genius; it shows him to be an inept businessman.
I assume Trump owned a percentage of the properties that generated this loss. Whatever percentage the other investors owned, they would also be able to take a large loss on their taxes.
What about all of the unpaid wages if there were bankruptcies involved? Those result in lost federal and state taxes, and hurt workers who had no way to recover unpaid wages. And then there were the contractors who were not paid for their goods or services.
A large share of any money recovered goes to lawyers handling the cases. If the hurt businesses got 4 percent or 5 percent of what was owed to them, it would be a lot.
Stanford Berman, Jericho