So, the NYT just got caught telling big bald faced lies about President Trump again.
Does this surprise anyone?
The times failed as it always does. To inform the public, it should have:
- told us how much Trump paid in estimated quarterly taxes
- told us how much he paid through withholding
- how much income was ordinary income, dividends, interest, pension, capital gains.
- what the effective tax rate was for all that.
Actually, the times had no right to publish ANY of it.
I’m all for everybody paying as little or nothing in income taxes.
The less that government has to spend, the less government intrusion there will be into our lives.
Government has gotten super-big with spending for social programs, such as medicare and medicaid and food stamps and government assistance for housing and welfare and too many others, all of which allow government to intrude into our lives. Those didn’t exist when the country was founded, and they didn’t exist until 100 years ago.
In fact, the federal government should not be in the business of taxing income.
Yawn...all these stupid little things going around, taxes, condemning proud boys, covid, are all designed to keep the focus off the important stuff like confirming Barrett, the recovering economy, peace in the middle east.
L8r
Having $750 in taxes two years in a row was a clear red flag that they were misrepresenting what was going on. Actual taxes owed look like some random number rather than the same thing twice in a row. Even if you make exactly the same, changes in the tax brackets would change the amount owed.
I’m sure the msm will be right on this correction /s
I’d still like to know who and how someone got ahold of Trump’s taxes in the first place.
I had wondered about the AMT. Many years the AMT screwed me, when I thought I owed less but when the CPA did the returns “sorry, AMT”.
People who have worked in the tax field know about the Alternative Minimum Tax which appears on Form 1040 a few lines down form the line that shows the tax in the tax table. People who have “tax preference items”, like Trump.
The tax from the tax table might show a low amount, but the Alternative Minimum Tax could be huge. People like Chris Wallace and Joe Biden do not know squat, or they probably do know it and they are blowing smoke. I noticed that the fake news media stress that his income tax was about $750 but they do not say what his total income taxes paid were. His total income taxes paid would be the approximate amount of $750 PLUS the Alternative Minimum Tax.
Bookmark
I heard a called on levin’s radio show a few days back, he estimated that trump has approx 22,000 employes and used an average salary to come up with about $110 million a year that trump companies pay in federal withholding taxes on their employees.
not to mention all the income taxes paid by the 22,000 employes.
contrast this contribution to the federal income with the biden gang or CF???
bkmk