Something, so you want more?

The tax agent allowed the deduction.

But interest on a mortgage is tax deductible.

You're assuming interest only loans.

And we're a non profit foundation, you can give us the property and take a hell of a tax deduction.

In Germany, foreign bribery was allowed.

It doesn't matter what it is.

So, taxes, this is property tax.

Investments are supposed to make money.

They make you pay more in withholding just to help their cash flow out.

This is, if I didn't have this great tax shelter with this house.

An income tax is levied on any income that exceeds deductions.

Donations to philanthropic programs are tax exempt.

Subtract from memory

And then of course at a party, when I start to explain this, it's like, ah ha.

It's a tax writeoff, I needed that.

When legislators and others think about economic development, what they first of all think about are business tax incentives, property tax abatements, job creation tax credits, you know, there are a million of these programs all over the place.

If you net out all of his little financial engineering, he had to pay 3,000 more in interest, if you net out his profit he made on his little cash bets, his side bets.

He is immune from taxes.

But it's the case in many parts of the U.S. So actually to some degree, this, the dollar value, the property tax is driven by this home value assumption up here.

Here in Los Angeles, in the Bay Area in San Francisco, it became tax deductible in the United States.

Rich people tend to have more possibilities of hiding parts of their income or avoiding taxes in various ways.

You have a personal tax exemption of 500,000 yen.

Zero and the deductible Superhigh, right? No.

Taxes consist of direct taxes and indirect ones.

Your contribution to the school is tax deductible.

I refuse to go along with that and as long as I am president I never will.

Cut the man some slack.

I indulged in some duty free shopping at the airport.

That's an understatement.

No, it's taxexclusive

At the till, we are all equals.

Arms.

Port.

Low maintenance?

And you don't mean duty free.

I could not help laughing at the ease with which he explained his process of deduction.

And that highlights another problem for income taxes.

Tax officials are zeroing in on income tax evasion.

It's a lot harder than you might think.

You bet I will. Yeah, in triplicate.

Now there's an understatement.

I have this talent, but I use it sparingly.

I could not help laughing at the ease with which he explained his process of deduction.

This is what the election comes down to.