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The current demonization of jets is eerily similar to the demonization of yacht owners in the early 1990s. Back in 1990, George (read my lips, no new taxes) H. W. Bush passed a budget, which included a “luxury tax” on yachts over $100,000 in addition to jewelry, furs, etc. At the time, the Joint Committee on Taxation believed that in 1991 it would be able to rack up $31 million from these luxury taxes. What was reality? They collected just $16 million. Oops. You see, people changed their behavior in response to new tax laws. Duhhhhhh. And then what do...

Then we find out that The Times also used a similar scheme to avoid paying federal taxes too. Which kind of makes them hypocrites, right? Now we discover that none other than Hillary Clinton herself also used a federal tax break in 2015 to claim a loss and avoid paying taxes.

I previously wrote a column stating that there was no reason precluding Trump from releasing his returns because of an ongoing audit. What I did not address is whether he should release his returns. The press commentary since, culminating in The New York Times column released Saturday night in time for the Sunday news shows, displays the media’s complete ignorance regarding taxes and their willingness to use it to destroy Trump in any manner. Unless you have been under a rock, you know The New York Times was somehow delivered three pages from Trump’s 1995 tax return showing a loss...

Miami (AFP) - Levels of the planet's three most dangerous greenhouse gases are rising, and fossil fuels must be taxed to protect children from the turmoil of rising seas and extreme storms, climate scientist James Hansen warned Tuesday. Otherwise, young people face the "dubious" proposition of somehow sucking carbon dioxide from the air at a price tag of hundreds of trillions of dollars in the next century, said Hansen, who leads the climate science program at Columbia University's Earth Institute. "The science has become crystal clear," Hansen told reporters on a conference call to discuss his latest research paper, entitled...

BEGIN TRANSCRIPT RUSH: Now, what they are trying to do with the comments of Mayor Giuliani, Rudy Giuliani, who commented on Trump and his tax returns and the carryover loss of $916 million. This, too, is classic. Folks, I have no feel for something. You and I know, and a lot of places that we spend time and read and consult, there is a consensus, a huge consensus that the media has reached a new low. Even some members of our establishment, even some in the Republican establishment, in the conservative media who are standoffish to the media 'cause they...

What would you think of an individual or a company that earned a pre-tax profit of $29.9 million in one year, paid nothing in taxes and still received a $3.5 million refund? Am I speaking of Donald Trump? No, it is The New York Times Company. Forbes magazine studied the newspaper's 2014 annual report, in which the company explained: "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." In other words the Times took advantage of tax laws...

Clinton Foundation officials quietly refiled three years of tax-related forms this week after the New York attorney general acknowledged the charity had failed to disclose all of its donors in accordance with state law.Two entities operating within the Clintons' sprawling philanthropic network — the Clinton Health Access Initiative and the Clinton Global Initiative — submitted supplementary financial disclosures for different years between 2012 and 2014 while denying Tuesday that the attorney general's office had asked them to do so. "The Clinton Foundation is properly registered to solicit funds under Article 7A, which requires organizations to register before they solicit funds...

On Oct. 2, The New York Times published an admittedly "fragmentary" front-page story about Donald Trump's taxes. Just three pages were cited: the first page of the state tax returns Trump filed in New York, New Jersey and Connecticut in 1995. The Times reported that Trump claimed a $916 million loss, which could -- emphasis on "could" -- have allowed him to avoid paying federal taxes for "up to 18 years." The story was stuffed with speculation about what Trump may have potentially done. The Times was typically harsh in tone. The tax records "reveal the extraordinary tax benefits that...

Simple question for other Freeper CPA's. Didn't Trump receive large loan write offs from the banks during the Atlantic City bankruptcy? Wouldn't those loan write offs count as income to Trump, and wouldn't the loss offset the income received from those loan write offs? So there would be no way that the 916 million was written off over 18 years? Why do you think Trump hasn't come out and said this? Does he just not want to go into his taxes?

Our society is collapsing, not because of people like Donald Trump or Hillary Clinton, but because many Americans are paralyzed by wealth-envy, ignorance and pettiness. The New York Times has revealed that Donald Trump posted a $1 billion loss on his 1995 tax return. What I find interesting is that this timing comes just days after Hillary Clinton suggested that Trump pays zero taxes during the first presidential debate. It appears to me that Hillary Clinton ‘teed up the ball’ and The New York Times ‘knocked it out of the park’ for her. Newsflash: Trump is in the real estate...

Apple has been named as the biggest corporate tax avoider in the United States after booking $218.55 billion (£171.6 billion) of profit offshore last year. The tech giant was able to save $65.08 billion (£51.1 billion) that it should have paid in tax thanks to its convoluted arrangements. The report revealed that last year three quarters of the Fortune 500 companies use subsidiaries in offshore tax havens where they sent a total of $2.42 trillion (£1.9 trillion) of income. In the US alone this amounted to $715.62 billion (£561.9 billion) in tax which they avoided paying. The report of said...

During MSNBC’s Tuesday broadcast of “Morning Joe,” Mika Brzezinski blasted Hillary Clinton’s recent attacks on Donald Trump’s tax returns. ..... So, I just noticed a confidence here that I don’t think should be there among the campaign,” she stated. “Sorry, but I mean, you think about this tax thing unless, were laws broken? Did the New York Times find any laws were broken?” “So, he talks about brilliantly using the system, but Hillary Clinton could have had that same reaction to her speech money, that she says she’s going to change Wall Street, but you know what, I used the...

This idea will be immediately dismissed in some quarters as just another conspiracy theory concocted by the vast right wing but it is not as far-fetched as it sounds. Several items lend credence to the idea that the IRS has once become an arm of the political left targeting conservatives. Could it really be just coincidence that Hillary Clinton focused on Trump’s failure to release his tax returns, surmising that the reason might be he hasn’t been paying any taxes, just days before the New York Times printed pages from his 1995 return showing a loss that “may have” allowed...

Hillary Clinton laced into Donald Trump on Monday for living a billionaire's lifestyle while "contributing nothing to our nation," in her first public remarks about a New York Times report that revealed Trump might have avoided paying federal income taxes for close to two decades. Speaking at a campaign rally in Toledo, Ohio, the Democratic presidential nominee attacked her Republican opponent as representing "the same rigged system that he claims he's going to change." "While millions of American families, including mine and yours, were working hard and paying our fair share, it seems he was contributing nothing to our nation....

Previously posted here: http://freerepublic.com/focus/f-news/3429675/posts But it is the last paragraph of the article that is of relevance, vis-a-vis Mr. Trump's tax return; here is what it says: "The one silver lining for the fund’s investors from all of this is that they will have a somewhat larger tax loss on investments to claim next year."

And Hillary following up, adding Trump "apparently got to avoid paying taxes for nearly two decades—while tens of millions of working families paid theirs." However, a look back at Hillary Clinton's tax returns from 2015 (here), proudly displayed by the campaign proving she has nothing to hide - shows something awkward on page 17... While not on the scale of Trump's business "operating loss", Hillary Clinton - like many 'wealthy' individuals is taking advantage of a legal scheme to use historical losses to avoid paying current taxes. As Bloomberg notes, this federal tax break is among the wealthy's most used...

My colleagues make fun of my old-fashioned devotion to my mailbox. It’s about 30 feet from my desk — among all the other third-floor employees’ mailboxes — and I check it constantly, always hoping a tipster will have sent me some revealing letter or secret document. In Metro, we get a lot of junk mail, and are regularly flooded with correspondence from prisoners in New York’s penitentiaries. But Friday, Sept. 23, was different. I walked to my mailbox and spotted a manila envelope, postmarked New York, NY, with a return address of The Trump Organization. My heart skipped a beat....

CHICAGO, Illinois — The headline of another newspaper yesterday was a self-fulfilling prophesy: "No red carpet, no yellow ribbons for Mark Jimenez (MJ)." If the information of the US Bureau of Federal Prisons is to be believed, the much-anticipated return of the former Manila congressman on Tuesday, Nov. 22, will have to wait. His projected release is reset to Dec. 13, 2005. In a previous posting of Jimenez’s release by the US Bureau of Federal Prisons, his original "projected release was Nov. 5, 2005." This was exactly the day of the 20th month of his imprisonment in the Federal...

Sunday on NBC’s “Meet The Press,” while discussing The New York Times report on Republican presidential nominee Donald Trump suggesting that he could have legally avoided paying federal income taxes for the last 18 years, former Mayor of New York City Rudy Giuliani said “the reality is, he is a genius.”

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