Trump tax returns show previous president was topic to $10,000 SALT cap — but gurus say he might have sidestepped the restrict

Trump tax returns show previous president was topic to ,000 SALT cap — but gurus say he might have sidestepped the restrict

Essential Details

Donald Trump’s cash flow tax returns for 2015 to 2020 have been publicly introduced on Friday by the Property Methods and Suggests Committee immediately after a lengthy authorized struggle.
The tax returns exhibit that he paid at minimum $5 million in point out and regional taxes every of these many years. Starting up in 2018, his tax deduction for individuals SALT payments was capped at $10,000.
Nevertheless, there may well have been a workaround involving his enterprise entities, gurus explained. It’s not possible to know from the readily available tax info, though.

Source

Finance

Stocks making the biggest moves midday: Apple, Cleveland-Cliffs, Oracle, KLA, Tempus AI and more

October 20, 2025

Check out the companies making the biggest moves midday: Apple — The Tim Cook-led company climbed 4% after the iPhone 17 series outsold the iPhone 16 series in China and the U.S. in the first 10 days of availability, according to Counterpoint research, and Loop Capital upgraded the stock to buy from hold, citing better-than-expected […]

Finance

Stocks making the biggest moves premarket: Cleveland-Cliffs, Liberty Energy, Hologic & more

October 20, 2025

Check out the companies making headlines before the bell. Cleveland-Cliffs — Shares jumped 10.5% as the steel company posted its third-quarter results. Cleveland-Cliffs reported adjusted EBITDA of $143 million, topping a FactSet estimate of $127.9 million. The company also issued capital expenditures guidance of around $525 million for the year, less than a prior forecast […]

Finance

Activist investor Jana Partners takes stake in medical device maker Cooper Companies, WSJ says

October 20, 2025

Barry Rosenstein, founder of JANA Partners. Adam Jeffery | CNBC Activist investor Jana Partners has taken a stake in medical device maker Cooper Companies and will push the firm to explore strategic options, the Wall Street Journal reported Monday. Shares of Cooper Companies jumped 6% in premarket trading Monday. Stock Chart IconStock chart icon Cooper […]