Free Republic

U.S.—Trump is polling high among an unexpected group: libertarians, who were energized and drawn to Trump's cause after the New York Times revealed that he paid as little as $750 in federal taxes some years. "Only paying a few hundred in federal theft? This guy is my hero!" said libertarian man Murray Mickelson of New Hampshire. "If only all of us could be that smart with our taxes." "The less theft, the better!"

The New York Times article about Trump's tax returns included nuggets of truth, but in the end, it was nothing more than the paper's own version of 'truthful hyperbole.' The New York Times is drawing the attention it wants this week, claiming to have obtained a copy of the presidentÂ’s personal and business tax records prior to 2018 and publishing an analysis of the contents.In an article that ran dozens of pages, the newspaper of record outlines the litany of discoveries embedded within those coveted and until-now secret documents. It could have saved itself a lot of paper and ink,...

Now here's some old-school shoe leather investigative reporting the New York Times probably didn't anticipate after it published its stolen-documents expose about President Trump's bad, bad, tax returns, coming from the green-eyeshade mavens at its tiny rival, the New York Sun. In Ira Stoll's report, headlined "Guess How the Times Knows So Much About Tax Losses Trump Uses," the Times is exposed for doing the exact same things that President Trump did on his taxes, in a report that leaves it its piety in smoking ruins. Hypocrite much?  The brilliant piece begins with: The New York Times’ investigation of President Trump says the president used big tax losses...

Should American taxpayers stop subsidizing big oil companies? How about abortions? There seems to be a lot of confusion on the issue. In part, that's because there's a lot of confusion about what a subsidy really is. To hear liberals talk, it's scandalous that Americans are forking over their hard-earned tax dollars to prop up Big Oil. Former Virginia Gov. and DNC chairman Tim Kaine, now running for Jim Webb's Senate seat, last week called on his opponents to join him in opposing "government giveaways for big oil companies," as he put it. "Rep. Tim Scott (R-SC) Defends Fairness of...

In a letter obtained by Breitbart News, Rep. Lee Zeldin (R-NY) asked the Department of Justice to investigate possible crimes committed via the alleged disclosure of President Donald Trump’s tax returns to the New York Times. The New York Times published details of what it alleged were Trump’s tax returns on Sunday. It alleged that the president’s tax returns revealed “chronic losses and years of tax avoidance.” In a letter to Attorney General William Barr, Zeldin wrote:

Liberals hope Joe Biden will be another FDR. But that’s something to fear, as Mr. Biden’s tax proposals threaten to repeat Franklin D. Roosevelt’s big mistake, which many historians blame for plunging a recovering economy back into depression. Roosevelt proposed a wealth tax in 1935, expanded it in 1936, and gave it real teeth in 1937. The federal government needed to repel the attack on the foundations of society by “economic royalists,” he argued. John Nance Garner, his vice president, agreed. As a congressman Garner had been forthright. “We have got to confiscate wealth,” he declared in 1918. By 1936...

Joe and his wife Jill Biden funneled millions in income through a pair of S corporations they set up in Delaware as a way to circumnavigate paying Social Security and Medicare taxes, according to an August opinion article in The Wall Street Journal. Of the nearly $13.3 million the couple took in primarily through speaking fees and book royalties during the 2017 and 2018 tax years, they claimed just $750,000 in income.

Rep. Kevin Brady (R-Texas) called on Monday for a probe into the sources of The New York Times story that detailed up to nearly two decades of President Trump's tax documents and business dealings. Brady, the head Republican on the House Ways and Means Committee, released a statement on the Times report that published on Sunday, saying a “felony crime was committed” by giving Trump’s tax information to the newspaper. "While many critics question the article’s accuracy, equally troubling is the prospect that a felony crime was committed by releasing the private tax return information of an individual - in...

The source is claiming he was able to go back and capture the screen shot from the Biden store. If this is true, and someone should be able to verify, they had t-shirts regarding the NY TIMES story about two weeks before the story. Again, if it is true, there has to be some kind of FEC violation. This could be a major in-kind contribution to the Biden campaign.

Billionaire bond fund manager Jeffrey Gundlach is considering packing his bags to escape the “incompetent governance” of California. “Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance,” Gundlach tweeted on Saturday evening. “The ‘response’ from Sacramento? Wealth and massive income tax increases on job creators (AKA 'the wealthy').” Gundlach, who did not immediately respond to FOX Business’ request for additional comment, has an estimated net worth of $2.2 billion, per Forbes. His firm, DoubleLine Capital, has more than $137 billion in assets under management.

“Trump Paid Millions in Taxes” isn’t nearly as scandalous a headline as “Trump Paid Only $750 in Taxes,” although, to be fair, it does have the advantage of being true. Alexandria Brown dug deep into the New York Times‘ story to see if there was any truth to the shrieking headlines:As Brown further noted, “Trump PAID, as in transferred to the US Treasury, $1 million in 2016 and $4.2 million in 2017. Note also that most of the overpayment was rolled forward, not refunded.”People who own and run businesses take losses in some years, and pay little or nothing in...

Joe Biden’s campaign wasted no time attempting to cash in on a bombshell report from The New York Times on Donald Trump’s federal income tax payments, which found the president paid no income taxes in 10 out of 15 years since 2000. A few hours after the Times released its findings, the Biden campaign’s fundraising website released new vinyl stickers that read, “I paid more income taxes than Donald Trump.” It also released an ad detailing the average income tax payments for elementary school teachers, firefighters, construction managers, and nurses. The ad ended with what Trump reportedly paid in 2017...

The NY Times story on Trump's taxes is a giant mischaracterization to anyone with a basic understanding of the business/corporate finance. Here is a quick take of questionable items in their story.NY Times Uses "Tax Return Data" & Not "Tax Returns"When the NY Times talks about acquiring Trump's 'taxes,' they are careful to use the word 'data. and not 'returns.' Quote:"The New York Times has obtained tax-return data""The tax data examined by The Times""The Times examined and analyzed the data" Everyone is assuming the NY Times has the full tax returns. But the way words are carefully used in the...

... The Wharton School at the University of Pennsylvania a number of years ago developed a comprehensive and substantive platform for evaluating the federal budget. This model was built so that those who govern and those who are governed could have an accurate and reasonably unbiased analysis of federal fiscal activities. It is one of the most useful and effective tools around for figuring out just what the federal government and the various players who lead it in the Democratic and Republican parties are really up to. The conclusion, after reviewing the opening bids put forward by Biden and his...

The New York Times is out with a huge scoop and somehow obtained thousands of tax returns for President Trump and related entities going back “more than two decades”: The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office. It does not include his personal returns for 2018 or 2019. This article offers an overview of The Times’s findings; additional articles will be published in the coming weeks. So, who leaked it?

President Trump’s confidential tax records from 2005 have allegedly been leaked. They show he paid $36,142,505 in annual taxes that year.

The New York Times on Sunday revealed portions of President Donald Trump’s tax returns. The data dates back over 20 years. Trump “paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made,” the report says. Additionally, Trump paid $750 in federal income taxes in 2016 and another $750 in 2017. The data obtained does not show The President’s personal returns for 2018 or 2019.

"If we put this into a historical context, Biden's tax plan would be the fifth largest tax increase since the 1940s in the United States," York said. "We're talking about a really significant amount of revenue that Biden is proposing to raise." "The actual economic burden of the taxes Biden has proposed don't line up with their objectives. For example, the proposal to increase the corporate income tax rate from 21 percent to 28 percent, while that would be paid by corporations, the economic burden of that can fall on people across the spectrum.

To equally incentivize savers regardless of what they earn, Biden proposes a credit of approximately 26% to replace the deduction savers get for putting money in a 401(k) plan, according to the Tax Policy Center’s analysis. “The biggest thing that stands out to me, by contrast to other proposals, is that it limits the benefit for the highest earners and gives the benefit to the lowest earners,” said Jeffrey Levine, CPA and director of advanced planning at Buckingham Wealth Partners in Long Island, New York. “It’s a true redistribution of wealth proposal,” he said.

Manhattan's district attorney on Monday said the 'mountainous' allegations of misconduct linked to President Donald Trump and his businesses justified enforcing a subpoena for his tax returns and other financial records. The district attorney's office also suggested for the first time Monday that Trump could be investigated for tax fraud, according to The New York Times. Lawyers for District Attorney Cyrus Vance made the argument in a filing with the 2nd U.S. Circuit Court of Appeals in Manhattan, four days before it considers Trump's request to block the August 2019 subpoena to his accounting firm Mazars USA.