A very interesting article appeared today in the New York Times (link). I am no expert in tax law, but the claim is made that Trump in essence deducted debt losses that were actually incurred by other people. It is one thing gambling with other people's money (and losing to the tune of nearly $1 billion, as Trump did), it's another to try to claim a deduction for yourself that actually belonged to somebody else. Before this thread gets degenerates into tit-for-tat claims about each candidate's level of corruption, the question I wish to pose is this: Why do the people of the US tolerate this level of manipulation of the tax system by the rich? Perhaps it is time to simplify the tax code.