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Thread: NY Times Story on Trump's Tax Records Actually Proves Trump Was Telling the Truth, Blows Apart Dem C

  1. #1

    NY Times Story on Trump's Tax Records Actually Proves Trump Was Telling the Truth, Blows Apart Dem C

    As we reported earlier, the New York Times claims they have obtained nearly two decades of Trump-related tax return data, for him and hundreds of related companies that make up his organization.

    Now, there are a lot of questions here, starting with who leaked the data.

    The New York Times says it was someone who had a legal right to the data. But that doesn't mean they had a legal right to leak it. Money bet is obviously on Democrats trying to do a hit on Trump in the final days before the election. And there's definitely got to be an investigation into this because there's no question the leak was illegal/improper, even if the person who leaked it might have been legally allowed to have the information.

    But while Democrats were trying to do a hit on Trump, it may turn out to have the opposite effect.

    Trump has been saying that he wasn't releasing his taxes because he was under audit. Indeed, according to the New York Times, Trump has, in fact, been under an audit for about ten years, proving he was telling the truth.

    Read more:
    NY Times Story on Trump's Tax Records Actually Proves Trump Was Telling the Truth, Blows Apart Dem Conspiracies
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  3. #2
    Quote Originally Posted by victoryword View Post
    As we reported earlier, the New York Times claims they have obtained nearly two decades of Trump-related tax return data, for him and hundreds of related companies that make up his organization.

    Now, there are a lot of questions here, starting with who leaked the data.

    The New York Times says it was someone who had a legal right to the data. But that doesn't mean they had a legal right to leak it. Money bet is obviously on Democrats trying to do a hit on Trump in the final days before the election. And there's definitely got to be an investigation into this because there's no question the leak was illegal/improper, even if the person who leaked it might have been legally allowed to have the information.

    But while Democrats were trying to do a hit on Trump, it may turn out to have the opposite effect.

    Trump has been saying that he wasn't releasing his taxes because he was under audit. Indeed, according to the New York Times, Trump has, in fact, been under an audit for about ten years, proving he was telling the truth.

    Read more:
    NY Times Story on Trump's Tax Records Actually Proves Trump Was Telling the Truth, Blows Apart Dem Conspiracies
    Beat me to it!


    ...The reason why is actually rather funny and all because of Barack Obama.

    From the NY Times:

    But to turn that long arc of failure into a giant refund check, he relied on some deft accounting footwork and an unwitting gift from an unlikely source — Mr. Obama.

    Business losses can work like a tax-avoidance coupon: A dollar lost on one business reduces a dollar of taxable income from elsewhere. The types and amounts of income that can be used in a given year vary, depending on an owner's tax status. But some losses can be saved for later use, or even used to request a refund on taxes paid in a prior year.

    Until 2009, those coupons could be used to wipe away taxes going back only two years. But that November, the window was more than doubled by a little-noticed provision in a bill Mr. Obama signed as part of the Great Recession recovery effort. Now business owners could request full refunds of taxes paid in the prior four years, and 50 percent of those from the year before that.

    So, if you have any issue with the way Trump got a refund and then didn't have to pay more, blame Barack Obama; it was perfectly legal because of the law that he signed. So Democrats really can't attack Trump for using a law they put in place that he was perfectly entitled to use. Bottom line? I want someone who actually has the business acumen to employ what he can within the law, that's the guy I want in charge of the economy....








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  5. #3
    LOL

    But I am thankful for the conservative news media sites who went after this thing right away and showed their readers that this was nothing more than a New York Times fake news piece.

    OOF! Sharyl Attkisson warns not to give NYT's Trump tax bombshell too much credit because they've been WRONG ... a lot
    OOF! Sharyl Attkisson breaks out receipts to remind others NOT to take NYT’s Trump tax story too seriously because they’re wrong … a lot – twitchy.com
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  7. #4
    Quote Originally Posted by victoryword View Post
    ...

    OOF! Sharyl Attkisson warns not to give NYT's Trump tax bombshell too much credit because they've been WRONG ... a lot
    OOF! Sharyl Attkisson breaks out receipts to remind others NOT to take NYT's Trump tax story too seriously because they're wrong ... a lot – twitchy.com


    Twitter




    .
    This I say therefore, and testify in the Lord, that ye henceforth walk not as other Gentiles walk, in the vanity (futility) of their mind, having the understanding darkened...
    (Ephesians 4:17-18)

    Blessed is the man that walketh not in the counsel of the ungodly...
    (Psalm 1)

  8. #5


    BREAKING: President Trump's confidential tax records from 2005 have allegedly been leaked.

    They show he paid $36,142,505 in annual taxes that year.

    Twitter




    This I say therefore, and testify in the Lord, that ye henceforth walk not as other Gentiles walk, in the vanity (futility) of their mind, having the understanding darkened...
    (Ephesians 4:17-18)

    Blessed is the man that walketh not in the counsel of the ungodly...
    (Psalm 1)

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  10. #6
    Senior Member Colonel's Avatar
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    Quote Originally Posted by GodismyJudge View Post


    BREAKING: President Trump's confidential tax records from 2005 have allegedly been leaked.

    They show he paid $36,142,505 in annual taxes that year.

    Twitter
    That's a long time ago.

  11. #7
    Quote Originally Posted by Colonel View Post
    That's a long time ago.
    It's also a lot of friggin' money, disproving the false narrative that he has never paid much in taxes.
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  13. #8
    Senior Member Colonel's Avatar
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    Quote Originally Posted by victoryword View Post
    It's also a lot of friggin' money, disproving the false narrative that he has never paid much in taxes.
    Here in Norway they are labelling him a false millionaire, meaning that already during the 2016 election he was no longer the successful businessman that he claims to be.

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    The tax code is complex. And I'm sure that billionaires and millionaires income tax returns are heavily scrutinized. I'm not worried that a billionaire pays low tax one year, but when they pay low tax year after year. Remember that the tax code has been brought to you by each political party.

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  17. #10
    Quote Originally Posted by Muriel View Post
    The tax code is complex. And I'm sure that billionaires and millionaires income tax returns are heavily scrutinized. I'm not worried that a billionaire pays low tax one year, but when they pay low tax year after year. Remember that the tax code has been brought to you by each political party.
    Indeed it is. And without knowing the details, I would tend not to blame the billionaire who figures out a way
    to pay no taxes, but I would say that the system that allows this to happen repeatedly is fundamentally flawed.
    (And of course it's not only President Trump; Amazon paid no federal income tax in a year (2018) in which it
    earned 11 billion dollars in profits. It even received a tax rebate of over 100 million in that year. And then
    there are the hedge fund managers who pay less tax as a percentage of income than their secretaries.)

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