Posted on 10/02/2016 8:00:38 AM PDT by mandaladon
The New York Times has excited the Clinton campaign and the rest of the media with a revelation that Republican nominee Donald Trump declared a $916 million loss in 1995 that might have resulted in him not paying taxes in some subsequent years. The implication, reinforced by CNN’s Jake Tapper on State of the Union on Sunday morning, is that Trump “avoided” paying taxes, when in fact his tax liability was zero.
But the Times itself has “avoided” paying taxes — in 2014, for example.
As Forbes noted at the time:
… for tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014. In other words, their post-tax profit was higher than their pre-tax profit. The explanation in their 2014 annual report is, “The effective tax rate for 2014 was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.” If you don’t think it took fancy accountants and tax lawyers to make that happen, read the statement again.
New York Mayor Rudy Giuliani defended Trump on Sunday, telling NBC News’ Meet the Press that Trump was a “genius” in business who was simply doing what the tax code allows every American to do by counting losses against tax liabilities, and bouncing back from failure to success.
That would include the New York Times — which, however, is still struggling.
(Excerpt) Read more at breitbart.com ...
I would love to see their employees on the streets begging for scraps.
ML/NJ
If they’ll steal tax docs for “the cause” - they’ll gladly commit vote fraud as well.
They have been asking for it since 1860.
Shut them down.
One good thing about William Tecumseh Sherman was that he didn't put up with journalists. He hated them, believed they were traitors, and ordered them out of his camp when they were discovered. I recall reading he threatened one with arrest if he wasn't on the first train out of town.
It's funny that this article was published in the NY Slimes back in 1987:
Sherman Letters Show Civil War General Regarded Reporters as 'Spies'
This is great stuff, thanks for sharing:
‘’I will illustrate why I regard newspaper correspondents as spies,’’ Sherman wrote on Feb. 17, 1863.
‘’A spy is one who furnishes an enemy with knowledge useful to him and dangerous to us. I say in giving intelligence to the enemy, in sowing discord & discontent in an army, these men fulfill all the conditions of spies.
I am satisfied they have cost the country hundreds of millions of dollars & brought our country to the brink of ruin & that unless the nuisance is abated we are lost.’’
Anyone remember last election when IRS leaked Romney’s taxes?
The regime is going after Trump. Times is simply the mouthpiece for the regime.
I should point out that the Clintons shelter most of their income in a phony foundation. Again, Trump makes his billions in real estate; the Clintons sell their office and have done so over 3 decades. Most of it squirreled away offshore or sheltered in a phony foundation.
Always remember that the press is not biased toward the DNC, they *are* the DNC.
Even the Free Turbo Tax program looks for every legal tax break/deduction you can take.
PERSONALIZED TO YOU!
We ask questions to get to know you. Then, we’ll search for every tax break that applies to you.
https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp
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