How big developers like Trump benefit from web of tax breaks

WASHINGTON (AP) — Big real estate developers like Donald Trump have long benefited from a myriad of legal loopholes and breaks that can shrink tax bills. Their advantages expanded with the federal tax overhaul that took effect this year.
Even before the new law, the U.S. tax code provided loopholes and special breaks that favor wealthy real estate investors. Experts say they’re often able to claim losses more quickly and easily than other taxpayers. They are afforded several ways of