The tax code says you can take Nice Sabotage Shirt tax deductions for businesses if an expense is regular and/or necessary to sustain the business or generate income. Let’s say he pays a hairstylist 3 times a week $500 each time to style his hair (I don’t actually know what he did). He says this is a necessary expense for his television show. I need my hair done or I won’t make money. As long as he, on average, shows more income that deductions, the IRS will allow it (see hobby-loss rules). 3 out of 5 years need to show income as a rule of thumb. You can quickly see how this would be abused.
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He pays no federal Nice Sabotage Shirt income taxes, though, because he is an active real estate professional and has been abusing depreciation laws for decades. That’s where the heart of this is. He uses those active real estate losses to offset other income. There is a good chance it was styled by WASPs. Struggling Americans who have been lining up in food banks have paid more taxes than Trump. Donald Trump should be the first imprisoned president in the history of America. It’s pretty hard to take conservatives complaints about the “liberal elite sitting in their ivory towers” seriously when they vote for a spoiled child who never worked a hard day’s work in his life and pays no taxes.