Salon: Donald Trump’s tax returns show the American tax code favors the rich
media mention“’The real estate [loophole] is a pretty clear and, I think, pretty potent example of a tax break where middle-income Americans look at it and just say, “Well, this doesn’t do anything, this is basically inapplicable to me,”’ said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy. ‘It’s legal; it probably shouldn’t be. And that ability to use these huge losses in one area to zero out your wages for tax purposes obviously is something that’s not available in any meaningful way to middle- and low-income families.’”