The two tax returns couldn't be more different.
Trump in 1995 reported cumulative losses from his many pass-through entities on page 1 of his personal tax return as Net Operating Losses from businesses, which can be carried forward 15 years to offset net gains in those years and 3 years in arrears. All perfectly legal, but that's why he gets audited like hell, year after year.
Hillary reported a long term capital loss of almost $700,000 in 2015 for something on page 17, which would be interesting to know more about, but which she can't carry forward, and most of which she just had to eat because she's not organized to use pass-through entities like Trump is. If Rush had simply read page 18 of Hillary's return he'd have seen that Hillary did just that, eat it, like all taxpayers in the same situation, being entitled to only $3000 in long term capital losses in the reporting year. That's all she got. And none of the rest can carry forward because the loss was in that year. She ate it. People do it all the time, and quite unhappily.
That's what makes Trump smarter than Hillary, and smarter than most taxpayers. His affairs are arranged in a complicated fashion in order to maximize the tax consequences in his favor. Hillary isn't a fool for missing her tax-saving opportunities from such an arrangement, but Trump is very wise. It also probably costs him a tidy sum every year to keep it all straight.
Here is where Rush gets it all wrong:
RUSH: We've got Hillary's tax returns from 2015, last year, the one that she just released her tax returns on, and it shows something strange, something awkward on page 17. Line 14, long-term capital loss carryover. Enter the amount, if any, from line 13 of your capital loss. And the amount is $699,540. Now, that's not on the scale of Trump's $915 million, but, in a nutshell, Hillary Clinton took a capital loss of $699,000 in 2015, as was reported on her tax return.
Where is the outrage? Nobody even cares to report it. That capital loss, she's allowed to carry that forward and it will affect how much income tax she owes in future years. Same thing that we're dealing here with Trump.
