The New York Times Is Wrong — Trump Paid Millions in Taxes in 2017

Breitbart ^ | October 01 2020 | JOHN CARNEY

[knighthawk]

The New York Times’ claim that President Donald Trump paid just $750 in federal income taxes in 2016 and 2017 is wrong, based on a flawed understanding of how taxes are paid.

The figures below, drawn from the New York Times’s own analysis of Trump’s tax-return data for 2017, show that Trump paid $7,435,857 in taxes in 2017.

The Times says the tax return data show that Trump’s earnings were negative for the year, so he owned nothing in regular income taxes. But he was subject to the Alternative Minimum Tax (AMT), a parallel tax system aimed at making sure wealthy people cannot use deductions to eliminate their tax liability altogether. According to the Times, “the A.M.T. formula disallowed $45 million in losses that Mr. Trump had carried over from prior years.”

[Sergio]

bkmk

[SunkenCiv]

By wrong, is meant, LIED.

Partisan Media Shills update.

[HotHunt]

And, I might add, taking the focus on the multitude of Biden's corruption and deceit while in office off the table, allowing Biden to skate through the presidential campaign process with no serious vetting or investigation into his malfeasance and unscrupulousness over the years.

Biden's getting a free pass from the MSMedia while Trump is being put under the microscope for every little issue and non-issue they can find.

[ELS]

Biden's getting a free pass from the MSMedia while Trump is being put under the microscope for every little issue and non-issue they can find.

It is only October 2nd. I'm sure Trump has an October surprise, or two, up his sleeve (and I'm not thinking of Durham/DOJ stuff).

[HotHunt]

Roger that!