Sucking up all the Oxygen

The New York Slimes claims to have three pages of a Donald Trump income tax return from twenty years ago.  They say that Trump took a loss of nearly $1 billion dollars that year.  Wow.  Not discussed, is how anyone, even The Donald, can stay in business after loosing a real $1 billion dollars in cash.  Clever tax men, and The Donald hires the cleverest, can gin up paper losses as required.  No discussion of this.
   And, why are we discussing twenty year old tax returns?  Especially twenty year old tax returns that passed IRS audit.  And the IRS is auditing this year's tax return, and they won't do The Donald any favors.  I'd sorta like to see The Donald's returns for 2015, but I can wait, the IRS can do The Donald more damage than the MSM can.  And the IRS would enjoy doing the damage. 
   The tax loss carry forward provision has been in the tax code for a long time.  I'm an amateur tax preparer (I do my own taxes) and I know about tax loss carry forward. When you loose money, you can deduct losses from previous years against this year's tax.  I've never lost enough money to take advantage of it.  And if you have $1 billion in allowed losses, you can carry it forward for quite a few years, especially if you haven't made much money in the succeeding years.
   Tax loss carry forward is a loophole that ought to be closed.  All it does is reward failure.
   I'm with Carly Fiorina.  Close every loophole, lower every rate.