The real reason Mike Bloomberg wants to be the President

https://www.cnn.com/2020/02/18/politics/bloomberg-business-cnntv/index.html

https://www.taxpolicycenter.org/taxvox/could-president-trump-sell-his-business-tax-free
He will sell his companies tax free. It will be the biggest ripoff of all times of the US tax payer.

 

The author conflates "deferring taxation" with avoiding taxation.

They're kinda different.

 

I doubt Bloomie's "reasons" to displace Trump are a great as his desire "to be King".

 

Tax avoidance and tax deferring are both legal.

 

Avoidance is not paying

deferring is paying but later

...still don't see the difference?

 

Some taxes can be deferred forever.

 

Like IRAs and 401ks taxes are deferred but there is always a cut at the apple by the government every year from deferred taxes that are now due.