So what I want to know is whether or not this is that unusual for someone in real estate.

The discussion on r/politics is myopic and the discussion on /r/tax lacks detail.

From the NYT article:

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

Trump's statement/tweet:

“You always wanted to show losses for tax purposes....almost all real estate developers did – and often re-negotiate with banks, it was sport,

Now my very limited understanding of real estate and taxes is this:

• You can depreciate the building but not the land
• Depreciation can be carried over multiple years
• When you sell property you can roll those proceeds into the purchase of another property, thus delaying income tax

Are those accurate? If so, do they explain Trump's taxes?

I'm thinking not (I suspect Russian money laundering is the real source of income). However, I have yet to read a good discussion of the specifics. Has anyone read such a discussion or have insight to add?

Main story from NYT:
https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html?action=click&module=Top%20Stories&pgtype=Homepage

CNBC's article about Trump's response:
https://www.cnbc.com/2019/05/08/trump-defends-tax-tactics-after-nyt-story-says-he-racked-up-more-than-1-billion-in-losses-it-was-sport.html

EDIT: As an aside, I got into a wee bit of trouble because my wife's (very) small business lost money three years running. The accountant that I worked with informed me that if a business losses $ three years in a row, the IRS considers it a "hobby" and you can't subtract those losses from your personal taxes. Is that in play with Trump at all? If not, why not?

EDIT2: I'm going to answer my own question I think. I heard a good segment on NPR yesterday that addressed my question. You can read the transcript here: https://www.npr.org/2019/05/08/721552462/president-trump-defends-himself-against-report-he-did-not-pay-taxes-for-8-years

The bottom line is it's not so unusual but it doesn't exclude the possibility of him running his businesses poorly either. So I think it's not really what the headlines have made it out to be.

I had an interesting conversation with my housemate last night, which opened my eyes to just how easily fake news gets into ordinary people's minds.

We were discussing an episode of 'The Orville' we had just watched, and conversation shifted topics (as it does), and we ended up talking about free speech and political correctness - and he told me, quite matter-of-factly, that at least one local school had removed all books which referred to "boys" or "girls" from its library, and that other schools wanted to ban children from referring to themselves as "boys" or "girls". This was part of a politically correct drive to remove all references to gender, so that noone is "male" or "female".

My housemate is not a raving lunatic. He's not a rabid fascist or alt-right person. He's just an ordinary Aussie guy, going about his ordinary life, with no malice to anyone.

But his extended family watches certain TV channels and reads certain newspapers, and he had picked up this little nugget of knowledge from a TV show one of them was watching.

We discussed the matter, and I told him that what he had just said is fake news. I explained that I didn't think he was wrong, but that his sources were wrong. He wouldn't believe me - to the point where he demanded that we go to a computer and double-check it.

It didn't take me long to find both the newspaper articles and television segments spreading this fake news, and the other sources debunking it (because I knew what I was looking for). It turns out that some ivory-tower academics had done a study which showed that making little girls play with "hyper-feminised toys like Barbies" was reinforcing certain sexist stereotypes, and maybe that should be changed. That was it. But certain newspapers (owned by a certain media tycoon) had twisted this into a scare story involving evil teachers who were coming to steal your children's identities by stopping them from being boys and girls and removing everything that said "boys" and "girls" from libraries - and other news outlets had picked up this story and run with it, adding their own touches as it bounced from one outlet to another.

As soon as I showed him the debunking sources, he accepted them. He got a bit defensive, and deflected blame on to his family and the news - but he believed the truth when I showed it to him. He's not stupid or malicious, just misinformed. I agreed with him that it wasn't his fault. As he said, most normal people aren't like me, reading deep into the news and double-checking what they say. Most people just read the paper or watch the TV and accept what they're told.

Fake news is so easy to spread. Most people don't question their news sources. If a newspaper or newsreader tells them something, they believe it because it's coming from a supposedly reliable source.

Didn't there used to be a setting so we could view posts in whatever order - by default - that we wanted?
Or is there a way to do it and I'm just too stupid to see it?
I personally dislike this "relevance" concept and for the most part, voting.
I just want to see posts chronologically, either oldest first or newest. And I know I can do it, but for every thread? Please tell me there is an option I am missing.

Behind a 4-0 rout at Anfield to put down Barcelona and a 95th minute miracle by Lucas Moura the stage is set for the Champions League finals. I think this thread could be useful just to open up discussion on ~sports. What are your guys' thoughts on the finals or semi-finals? Any predictions?

In my opinion this is one of the greatest semi rounds I could remember, absolutely insane performances by all the teams and nail biting football all the way through.

EDIT : On the 1st of July the Tottenham Hotspurs will play Liverpool at the Estadio Wanda Metropolitano

Light it up

hit the stage

hit the dance floor.

Fight enough

start a riot

there's a chance for

love to grow

for the hate

to transform

Feeling these

knots in my head

am I deformed?

.

Feel like my

head, my heart,

a rock show.

Is this peace

or pain, I

do not know.

I can't close

my eyes and

the clock's slow

Pray I'll

kill myself

in Chicago

.

My head pounds

bass drum

memories of,

days when you

and I meshed

and we made love.

Wish that I

went and bought you

all your makeup.

Maybe some money's

all we needed

to makeup

.

Feel like my

head, my heart,

a rock show.

Is this peace

or pain, I

do not know.

I can't close

my eyes and

the clock's slow

Pray I'll

kill myself

in Chicago

.

With hate your

voice went shrill

you went cold.

Who's this girl

beside me

don't know.

Wake up in

the morning pain

or comfort?

All your screaming

I wanna go

Van Gogh

.

Feel like my

head, my heart,

a rock show.

Is this peace

or pain, I

do not know.

I can't close

my eyes and

the clock's slow

Pray I'll

kill myself

in Chicago

Unfortunately none of the recordings I've seen so far are very good and all seem to have people talking through the entire song for some reason (let me know if anyone finds a better one and I'll replace the links):

• Descending: https://www.youtube.com/watch?v=_xsoASQ2vPs
• Invincible: https://www.youtube.com/watch?v=8s5J3HzZUlw