Daily Mail: Donald Trump tears into the New York Times for 'made-up, phony' story that he paid no income tax for 11 years, just $750 in 2016 and 2017 and reported huge losses across his business empire
* The Times reported that Trump paid just $750 in federal income taxes in both 2016 and 2017, and paid no income taxes in 11 of the 18 years looked at
* That's despite receiving $427.4 million through 2018 from his reality television program The Apprentice and other endorsement and licensing deals
* Trump was able to minimize his tax bill by reporting losses across his empire
* He is said to have claimed $47.4 million in losses in 2018, despite claiming income of at least $434.9 million in a financial disclosure that year
* Trump denied the report on Sunday, calling it 'total fake news'
* He has previously blasted the long-running quest for his financial records as a 'continuation of the most disgusting witch hunt in the history of our country'
* He is the only modern president who has refused to release his tax returns
Donald Trump on Sunday labeled The New York Times report that he paid just $750 in federal income tax in 2016 and then again in 2017 as 'phony and fake'.
Documents show the president paid no income tax in 11 of the 18 years looked at, according to a report by the paper. He was able to minimize his tax bill by reporting heavy losses across his business empire, including at his golf courses.
That's despite receiving $427.4 million through 2018 from his reality television program and other endorsement deals. Trump is said to be now facing payments on loans of $300 million while money from hosting The Apprentice dries up.
Responding to the report Sunday evening Trump told reporters: 'It's totally fake news. Made up. Totally fake news.' The president, who campaigned for office as a billionaire real estate mogul and successful businessman, said he has paid taxes, though he gave no specifics.
Read more ....
Update #1: Trump dismisses New York Times report on taxes as 'fake news' -- The Hill
Update #2: Trump calls NYT report on tax avoidance ‘totally fake news’ -- Politico
Update #3: 'Totally fake news': Trump denies NYT report saying he paid almost no federal taxes, says returns to be released when audit ends -- RT
WNU Editor: Trump tax return reports 'may not be as explosive' as the president's critics think (see video below). What's my take. The New York Times has not (and will not) release the documents that they say substantiate their claims. So are we trust the New York Times with their long record of being wrong on many Trump stories? I would not. Bottom line. We all try our best to minimize our taxes. President Trump is doing nothing new.
"Confirmed", "Bombshell", "Walls are closing in"....Did I miss anything?
ReplyDeleteYou missed the "HO HO HO" from the Parrot.
ReplyDeleteTrump Tax Returns Details Should Be Investigated: Former Prosecutor | Law & Crime
ReplyDeleteThe Ordinary Taxpayer’s Guide To The Extraordinary Story Of Trump’s Tax Returns
ReplyDeleteYes, Fred Lapides is feeling his oats again. He thinks Trump is finished. He wants people to vote for the hair sniffer from TWD.
ReplyDeleteEverything I said was true
ReplyDeleteYou were "feeling your oats.'
feel one's oats - Wiktionary
(idiomatic) To feel energetic or frisky; to behave in a vigorous or bold manner.
Etymology: An allusion to the behavior of a horse that has been well fed on oats.
You always behave in a vigorous or bold manner, whenever you feel that whatever online magazine or newspaper you read thinks it has the goods on Trump. Your modus operandi (MO)
os to post a link with only the title of the news item showing.
or
you post large, large excerpts of an article without the title, "news" organization name, link, or quotes.
You eschew to post on strictly military blog posts, but rarely pass up a chance to post on a blogpost involving Trump when you think your side is winning.
It is not hard for a person of IQ 70 or above to discern, which posts are yours. But you are indignant, when a person points them out. Why are you indignant? Are you not proud of your handiwork. Will your 'logic' not stand the test of time?
Other tells are a recycling of insults like snark, girly boy, wanker, references to bad parents, bad DNA and other insults, which really quite illuminating consider that you are suppose to be a master or prose and poetry. They really set the bar low @ State U.
It is questionable what a college degree is worth, when a state university will admit people with an ACT average score of 12 out of 36.
Colleges With the Lowest ACT Scores, Ranked
If I want profs that I can respect, I go over to FrontPage Magazine, where erudite commenters include a retired linguist from NYC and an American Indian philosophy prof on the east coast, but from my stomping grounds.
I point you comments out so people do not get the wrong idea that 20 different people are commenting and think the way you do. Maybe if you want to fool people into thin king that you could use you vast, literary skills to write differently or buy sock puppet software. The Air Force developed some 2 decades ago. So you should be able to by some off the shelf now at a store.
"In 2017 and 2018, Joe and Jill Biden ran $13 million of profits from speaking and writing gigs through a Subchapter-S corporation, allowing them to avoid, not evade, $500,000 in Social Security and Medicare payroll taxes."
ReplyDeleteSomeone, who has an accountant to avoid taxes (or maybe because math is hard), went through a NYT smear to quickly pick out bullet points to publicly beat their chest and fulminate about.
The NYT article is a propaganda effort.
Here is a link to an excellent article.
https://thefederalist.com/2020/09/28/new-york-times-trump-tax-return-bombshell-is-a-joke/
September 28, 2020 at 4:46 PM