Posted on 03/15/2017 11:36:36 AM PDT by Sean_Anthony
Then rounds down to support his argument
You were on the receiving end of 16 hours of brutal mockery over the worst piece of “journalism” ever, I imagine you’d want to lash out. You’re the embarrassed butt of a national joke, you have no valid contrary arguments, and you just lent incalculable assistance to your arch-enemy’s cause. Having burned yourself badly - and being a liberal, thus incapable of introspection - you’re spoiling for a fight.
Journalists? Now = Press-titutes
Is this referring to the journalist with a beard on the face or the journalist with a beard elsewhere ?
Fanatical isn’t the word to describe the left these days.
And frustrated. Their porn viewing must be way up, even from a liberal’s standard.
Trump was allowed to do business with any country it was legal to do business with.
they think they are going to tie together A German bank, the Russians, Trump and a few others into a money laundering charge?
They’ve lost it completely.
Next they need to be sent a *transcript* of Trump threatening the Russians before the election and see if stupid Johnston and Maddow go for that too.
‘Journalist’ who exposed Trump’s tax returns.............”
Could be facing not only a law suit but federal prison time. There is a law in the U.S. that keeps ones tax documents PRIVATE, exposing and publishing such information is punishable. Hope it goes forward and an example is made of the idiot. Fighting with Trump Jr. is not the way to “get ahead”.
ALLEGED journalist.
But, I know many anti-Trumps who will slobber all over what this guy said.
Are you tired of winning yet??
Trump’s tax return is at https://www.scribd.com/document/341920994/Donald-Trump-s-2005-tax-return#fullscreen&from_embed
His 2005 taxable income was $31,448,340. That is the amount on Line 43, which is captioned “Taxable Income”.
So, if we’re going to use the captions on Form 1040, Trump paid “total tax” of $38,435,451, or 122% of his taxable income in 2005. And people say he doesn’t pay enough.
It is true that his “total income” includes a $103,301,242 negative adjustment. But Trump actually sustained a huge loss in earlier years, and that had probably not been entirely taken in his taxable income reported in prior years.
Idiot progressives are making some ridiculous arguments. First, the same moron who illegally published the tax returns says that income from real estate should not be subject to depreciation expense. Second, some progressives are saying that business losses should not be deductible. I suppose that if one wants to destroy incentives for private investment, those are pretty good ideas. But they are insane if you want a functioning economy.
David Johnson is the dimwit who wrote a USA Today op ed today that asserts that depreciation expense is “the real Trump tax scandal.”
Yes, this idiot thinks that depreciation is an invalid concept in determining income. A kid running a lemonaid stand has a better understanding of accounting.
If you eliminate depreciation, then you will destroy the entire real estate market, then the banks, then the rest of the economy.
Don’t believe me? Then take a look at what happened with the 1986 Tax Act - it dramatically cut depreciation, so the R/E market tanked. That led to the banking crisis, leading to the Resolution Trust Corporation (which, being a government entity, “smartly” dumped yet more real estate assets on a nearly dead market). The resulting recession is what killed of the Bush 41 Presidency and gave us Bill Clinton (and, hence, Hillary).
The good thing is that these economically-retarded, emotionally butt-hurt little children will NOT be making tax policy.
Would there have been as much digging into vote fraud if the libs hadn’t brought up “Hillary won the popular vote”?
They never know when to stop.
Oh, He is just a ComDem (useful?) Idiot.
Oh, I remember the 1986 Tax Act, but it merely slowed down the rate of expensing depreciation. This idiot, David Cay Johnson, wants to eliminate it entirely.
It’s utter insanity, and its effect would be far more devastating to both capital markets and mainstreet business.
Of course, it’s just progressive propaganda. They had their chance for income tax reform in 2009, and their elites actually knew better than to mess with the golden goose in that way. Next time around, though, I’m not so sure ... that’s why they have to be kept out of leadership.
hee hee
LMAO
Never seen such a sustained exercise in self-inflicted wounding as the Libs are now demonstrating. It’s like watching a disaster unfold in slow motion. Sad and comical at the same time.
But mostly comical :)
Journalist? Was there a random act of journalism I missed?
People like Donald Trump Jr must be dealt with! If that sounds like you, there’s a good chance your name is David Cay Johnston. He’s the “journalist” (in quotes because it’s MSNBC) who received President Trump’s 2005 tax return “in the mail.”
Johnston is in a pretty unpleasant place today, but doesn’t really have any actual defense. So, he’s decided to take on the world. People have been casually rounding up the amount Donald Trump handed over to the federal government, and that will not stand.
People like Donald Trump Jr must be dealt with!
If you think he’s only targeting people named Trump, take a deep breath and relax. Johnston is completely unbiased he’s willing to attack rounding almost wherever he sees it.
Whoa! Nailed again!
All of this “rounding” MUST be dragged out into the light and put down like a lame horse. So, for the sake of accuracy, we should point out that Johnston’s claim of Trump only paying $36.5 Million is actually rounded ...down. He’s very carefully specifying that Trump paid $36.5 million in “income tax.” That’s technically correct, but it ignores the fact that Trump also paid $1.9 million in self-employment tax, bringing the total over $38 million.
I don’t know about you, but when say “I paid X-amount in income tax this year,” I don’t follow that up with “Oh, and I also paid self-employment tax totalling X-amount.” I just rattle off the total number. Johnston is splitting hairs in the lamest, cheapest, way imaginable.
We’re sure Mr. Johnston doesn’t care how chintzy this makes him sound. Trump is the great white buffalo, and he’s on a hunt. However, just in case he still maintains a shred of self-respect, here’s a penny’s worth of free advice: When you’ve embarrassed yourself so, so, badly with a nothingburger report, following it up with parsed, petty, and ultimately meaningless attacks is probably not the best plan.
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