WASHINGTON — President Trump wrote off $100 million in business losses to reduce his federal taxes in 2005, according to forms made public on Tuesday night in a rare glimpse at documents that he has refused to disclose since becoming a candidate for the nation’s highest office.

Write off is a buzzword to use here. Losses from a business are allowed to be carried forward to future years as deductions against income. The only way to have losses is to have basis, basis is created by putting money in. It's not advantageous to put in money and lose it in order to have tax free income later.

The forms showed that Mr. Trump paid $38 million in federal income taxes on reported income of $150 million, an effective tax rate of 25 percent, according to Rachel Maddow, who aired them on her MSNBC show. By claiming losses from previous years, Mr. Trump was able to save tens of millions of dollars in taxes that he otherwise might have owed.

Wow he was able to save tens of millions in tax by actually losing that money in prior years, dishonest reporting.

I voted for Rubio, I like that there is a "republican" in office for the Supreme Court noms, but I would have much rather had Rubio or Cruz, but it annoys me that the media just reports buzzwords to trick those that don't know any better into believing there rhetoric.