I enjoy looking at the Presidential candidate tax return disclosures, hoping to find strategies that the wealthier and politically savvier use. I saw a couple interesting things, was curious if anyone had any insights on them.
For example - Is there some strategy for generating extra long term tax loss carryforward? I'm shocked that Beto has almost $1.5mm of tax loss carryforward. Or is that just run of the mill capital loss from selling stocks below purchase price...
https://betoorourke.com/tax-returns/
Also, Elizabeth Warren has a large net worth and plenty of investments according to recent disclosures (insert link to Sam's 4/9 post on the topic), but her 2018 filing only has $1,351 in taxable dividend income. Am I missing some strategy to avoid paying tax on dividends?
https://elizabethwarren.com/tax-returns/
Fascinating stuff! I got a look into that $1.5 million in carryforward losses. That is good planning, but man, how bad of an investor do you have to be or business operator to have that much in losses?