Posted on 05/08/2019 12:39:39 PM PDT by Kaslin
RUSH: Now, Trumps taxes. Isnt it amazing, folks, it was just yesterday, just yesterday, right here on this program, I was talking about how strange it is that nobody in the IRS had leaked Trumps taxes, after all of this time, knowing full well that the IRS is a government agency and that means theres got to be a lot of career leftists in there, which means there have to be a bunch of people in the IRS that despise Trump.
The Democrat Party has been going bonkers trying to get hold of Trumps tax returns because they think You know what they still think? There was some locoweed on the Judiciary Committee today that made the point yet again, or tried to, lying through his teeth. Steve Cohen. This is the guy that had the Kentucky Fried Chicken last week when Barr refused to show up, trying to make Barr look like a chicken, like a coward. Hes actually trying to say that the tax return story New York Times (sputtering) pretty much pretty much gives us an indication that Trump might have been kept afloat by the Russians.
This guy lost over a billion dollars. He should be in jail. The Russians The Russians kept Trump afloat. Thats what they want to find out. Theyve wanted to know this in Trumps tax returns ever since the campaign of 2016. I was marveling yesterday that it hadnt leaked. Just yesterday, I was marveling. Were talking about it. Well, the New York Times must have heard us because they put out a supposed blockbuster report that claimed data they have been given on Trumps taxes show that Trump took nearly a billion-dollar tax loss in the early nineties, which may have allowed him to go without paying income tax for 10 years.
How many of you upon hearing that said, Wait a minute. I knew this. Ive heard this. You have heard this because this isnt new. This is an old story recycled. Ive got the audio sound bites from my program, from the archives, to demonstrate this, which we will do as the program unfolds. The New York Times reported practically the same thing back on October 2, 2016. Only back then, the New York Times claimed that Trump might not have paid any taxes for more than 18 years. Its funny how nobody seems to remember this.
This is an old story being recycled, that Trump didnt pay any taxes cause he took a billion-dollar loss and was able to write off that loss so he didnt owe any taxes over all those years. That story has been out there. Its been reported before. So this is the recycling of a story that claims to be new because there is a linkage (they say now) to Trumps actual returns. Although the Times have been very, very careful to point out (impression), We havent seen the returns.
That would be illegal! We havent seen the returns. We have seen, uh, written transcripts of Trumps returns from people who are legally allowed to have them. Well, who would that be? Trumps tax preparers, people at the IRS, what have you. Now, that bombshell back in 2016, October 2nd, was supposed to be the October Surprise that guaranteed Trump would lose to Hillary, that Trump hadnt paid his taxes. (impression) He had taken a billion-dollar loss. He was a rotten businessman! He might have been cheating the government, cheating the IRS.
Who writes off a billion-dollars? No wonder Trump doesnt want to release his returns, everybody said. Heres the bottom line about this. Because of the Democrat Partys evolution, and because of its anti-capitalist beliefs, there isnt, I dont believe I dont believe theres a single member of the media, and I dont believe there is a single member of the Democrat Party capable of understanding the way a real estate magnate like Donald Trump organizes his affairs. I think its so far above their level of comprehension.
They dont have any experience in it. They hate capitalism. These are Big Government people. They have not educated themselves on the way the private sector works, how private sector organizations/companies organize themselves, how they deal with tax law. They just hate them. They just hate capitalism. They hate big corporations, and they come up with all these cliches to describe them. There isnt anybody independently capable of looking
Even if they had Trumps tax returns, I dont think there is a single (even in the business community) journalist capable of understanding Trumps tax returns and telling anybody what they mean. There isnt anybody capable of understanding how the Trump Organization is and was organized and how it operated. There isnt anybody that understands how real estate operated with tax law back in the eighties and early nineties.
Real estate tax law underwent significant changes in the 1986 tax law. Im just telling you, the arrogance and contempt for capitalism among people on the left, I guarantee you, has prevented them from having the slightest idea. Not just about Trump, but any other megacorporation in real estate or whatever. How they actually operate and how reporting losses is an objective for some.
How limiting what you pay in taxes is an objective for some, and how maybe this tax return actually shows how brilliant Trump was at running his business and keeping it afloat, given these circumstances. In fact, the New York Times
Im sorry! The New York Times did that story back in 95 (Ive got it right here) about what a brilliant operator Donald Trump is. Its what led to the book The Art of the Deal. Thats right! The New York Times, in 1995, had a big kiss-ass article on what a brilliant operator Donald Trump is.
Trump says it in Apprentice intro at 1:05 “billions in debt”
https://www.youtube.com/watch?v=5ZXgzxGyxWM
as Rush said
Oh thanks for posting this. I was aggrieved yesterday when I saw that headline, but didn’t follow it. Glad to hear it’s just faux news. Should have known.
Will they do a story on the clinton charity and foundation scam? Billions looted.
Keep in mind 2 points..
1. It is not illegal to lose money in any business.
2. One makes most profit by operating maximum risky business.
The pertinent news here is not that Trump lost money in a business. The real news is he recovered from such losses.
Out of idle curiosity, is the NEW YORK SLIMES recycling the Trump tax NONSENSE because they have run out of FALSE ACCUSATIONS to hurl at President Trump and/or to spew onto their print media??
(I refuse to call the NY SLIMES a “newspaper”.)
Yours, TMN78247
“Out of idle curiosity, is the NEW YORK SLIMES recycling the Trump tax NONSENSE because they have run out of FALSE ACCUSATIONS to hurl at President Trump and/or to spew onto their print media??”
i think they’re trying to bolster the fake story that there’s untold amount of criminal activity contained in Trump’s more recent (unreleased) tax records ...
How come none of the Dems is so eager to look into Warren Buffett’s tax situations?
Whether you are 100% correct or not about that, I seriously doubt if President Trump’s tax returns will EVER be released to the general public, regardless of what the “main-SLIME press” or the DIMocRATS want.
Yours, TMN78247
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