On CNN, Bloomberg's O'Brien Portrays Trump as Prostitute, and National Security Threat

Trumps taxes show he made a lot of money and paid a lot of taxes (Except for the tax break Obama created)

How is that a national security threat?

It’s like a competition in the liberal media to see who can come up with the vilest insult for President Trump. Calling him Hitler is getting kind of old, so let’s go for . . . prostitute!

Ping to Liberal Media Criticism list.

What’s CNN?

Who cares?

At least the impeachment took a lot of effort, even though it failed miserably.

This tax stuff is a joke and so is this guy.

I am more confident than ever we will do great in November.

And we will get to see guys like this go insane for another 4 years.

Some will inevitably have heart attacks over Trump.

That’s the best part :)

The national security threat was the British subject/Kenyan/Indonesian usurper who preceded him that BOTH parties violated the Constitution to allow to usurp the office that the Constitution says he may not hold.

He proved it with every action he took while in office to weaken America.

The dems have run out of shock value terms to describe the President.

Speaking of CNN, you should see their headline today...

Tax bombshell reveals Trump’s image is a sham

They’re gonna go full-bore on this one just like they did with Bob Woodward’s “expose”.

Whether there’s any substance to this story or not 9and I think not), it forces Trump to play defense and worse yet, the amount of truly undecided voters out there dwindles even more as they read the article and don’t take the time to understand it.

Tax story is a killer since everyone can relate to paying taxes. It doesn’t matter about the truth in it, just the charge of tax evasion or fraud that NYT implies in its headlines.

New York Times Fails at Outlining President Trump’s Taxes Again…

Posted on September 27, 2020 by sundance

Once again the New York Times attempts to make an issue out of President Trump’s real estate holdings working as a tax shelter and reducing income taxes.

In the article the Times completely obfuscates the way income taxes are strategically offset by depreciation, mortgage interest and the entire reason why real estate ownership is viewed as a business.

John Carney writing for Breitbart gets it:

[…] So imagine our guy took out an $8 million mortgage at five percent, paying $2 million cash. Now he’s got to pay $400,000 in mortgage payments. He wants to make at least that much so he charges tenants an aggregate of $425,000, which after upkeep comes out to $410,000 of net income. (Remember, if the bank didn’t think he could make more in rent than the mortgage payment, it probably wouldn’t have lent him the money.) The interest payment on the loan–let’s call it $390,000–is deductible from his income, leaving him with $20,000 in net income. He gets to keep that and pay no taxes on it, however, because he still gets to apply the $370,000 depreciation charge. He tells the IRS he lost $350,000.

Under our tax code, ordinary business expenses can be deducted in the year they are incurred. But when a business pays for a long-lasting item expected to produce income–like machinery, vehicles, or an apartment building–it is considered a capital investment. Instead of getting to write-off the cost all at once, the business is required to write it off over the course of decades. After the 1986 tax code, this was set at 27.5 years for residential real estate. (more)

Anyone who has ever operated a business knows that offsetting income is one of the primary reasons to be self-employed. Additionally, the Times completely skips over the tens-of-millions in payroll taxes paid by the Trump organization and tens-of-millions in property and sales taxes paid by all of the various Trump properties.

In the commercial real estate market it is common sense to offset income tax liabilities with a host of valid annual expenses, long-term capital depreciation and mortgage interest payments. With over 500 individual business entities within the Trump organization the ability to offset income in one asset with expenses in another is simply good accounting.

Additionally, President Trump donates his $400,000 government salary back to the U.S. government. So to accuse President Trump of only paying $750 in income taxes totally ignores all of the other donations and tax payments he makes.

In practical terms no President before Trump has ever had his actual business portfolio so deeply connected to the success of the American economy. It doesn’t cost the American taxpayer a dime to have President Trump in office…. Now let’s figure out how DC politicians making $200k/yr are able to become multi-millionaires while holding office.

Anyone?

CNN happy Farm network

CNN is ATT