NYT Obtains Trump's 1995 Tax Records, Might Have Legally Avoided Paying The IRS For Almost 20 Years

townhall.com ^ | 10/2/2016 | Matt Vespa

[rktman]

Well, it dropped. The first of possibly many October surprises this cycle. Wikileaks’ Julian Assange has already offered teasers about new information he’s obtained about Hillary Clinton that has yet to be released. For now, it’s brief glimpse into Donald Trump’s tax returns that The New York Times says could've legally allowed the billionaire to avoid paying taxes for almost two decades. It’s a 1995 return that the news publication obtained, which showed that Trump had lost almost a billion dollars. The Times contacted a lawyer and accountant to Trump, who said that the return was “legit,” while also detailing that the massive losses were probably associated with his casino interests that were bleeding cash in the 1990s. Again, there’s nothing illegal in these documents:

[nclaurel]

Even if he gave up his ENTIRE fortune of 3.7 billion it wouldn’t fund the gov’t for half the day!!

3.7 billion? Doesn't Trump say it is 10 billion? I believe that Trump should know more what his finances are than Forbes or the other media than low ball his wealth.

[hal ogen]

“Legally avoided”? What is the problem? He is my model in that regard. What about the clintoons and their criminal foundationS?...yes, they have several. The clintons are criminal asshats and should be in prison or exiled.

[djpg]

So he MAY have LEGALLY paid no taxes. The evidence is partial information from 1995. This is supposed to be an issue?

There is no reason for presidential candidates to reveal their taxes to allow fishing expeditions or manipulation of public ignorance and envy. If presidential candidates should reveal their taxes, so should candidates for all offfces. And so should members of the news media, so that all will know to whom they contribute.

[gogeo]

I seriously doubt Trump has made so little income over the past 20 years that this would wipe out any taxation for twenty years.

BTW...though 80 and retired, this accountant broke ethical guidelines by acknowledging anything about work for prior clients.

[CommieCutter]

Even if that’s true his entire wealth only funds the gov’t for one day.

[Iron Munro]

Clintons Claim Tax Deduction For Used Underwear Donated To Charity

BILL CLINTON'S GREAT SKIVVIES GIVE-AWAY

Washington Post By Lloyd Grove Dec. 28, 1993

It's that time of year again, Mr. President.

Time to celebrate the lingering Yuletide spirit and the bright promise of the year to come. Time to savor the companionship of friends and family.

Time to donate your underpants to a charitable organization so you can later claim a deduction on your 1993 tax return.

If the recent past is any guide, Bill Clinton and his wife, First Lady Hillary Rodham Clinton, have been spending the past few months gathering up unwanted belongings -- from old shoes to shower curtains to jogging shorts to, yes, apparently used underwear -- carefully enumerating each item alongside dollar amounts on handwritten lists, and giving the lot to such worthy causes as the Salvation Army and Goodwill Industries.

The Clintons' tax returns over the past decade -- which "obviously were prepared with an eye toward being released," according to White House press secretary Dee Dee Myers -- are rife with detailed supporting documents that may someday prove a rich boon to historians and psychohistorians studying the forces that shaped the Clinton presidency.

As political figures are wont to do, particularly those with White House aspirations, the Clintons have over the past few years thoughtfully disclosed their tax returns, providing citizens with a fascinating window on a heretofore unexamined aspect of their lives.

Several experts were consulted about Clinton's tax-deductible donations, especially of underwear. Paul Offenbacher, a longtime Washington-area tax accountant, said it is highly unusual to take an itemized deduction on donated underwear; indeed, he had never heard of such a thing. Adelphi University psychology professor George D. Goldman, a New York-based psychoanalyst who studies the unconscious symbolic meanings in human behavior, said the donations are, at the very least, fodder for intriguing speculation.

"Obviously I can't tell you what Clinton's individual symbols mean; all I can do is give you my own analysis -- which is that he's airing his dirty wash or maybe trying to take his dirty wash and make it cleaner," Goldman said. "I'm a lifelong Democrat, and I voted for him, but there's something, let's say, grandiose, both too personal and a bit inappropriately intimate, to give your underwear away for someone else to wear, and then to think that your underwear is worth giving this sort of a valuation to."

[Okieshooter]

” I would not pay any tax at all if I could figure out how not too.”

Simple get in the oil business like me. I haven’t paid any taxes since the oil price crash.

[Ciexyz]

The news media incl. Fox News is blazing away at Mr. Trump. Not even mentioning all the many taxes he’s paid over the years. If they think they’re going to convince me to vote for that corrupt woman with the shrill voice who’s part of a party that has caused me economic pain, no way. Guess it’s time to turn off all media and read a book for the next forty days.

[Road Warrior ‘04]

How many of these reporters sign the “front” of their paychecks? Scum!

[jetson]

And now the Clinton Foundation tax returns...?

[CommieCutter]

The point is the gov’t spending contrast.

[thinden]

HILLARY, ABOUT THAT $6,000,000,000.00 IN TAXPAYER MONEY YOU “LOST”.....

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how bout let’s see tax returns on the xlintonista crime family foundation

p.s. bonus points: let’s take a look at chelsea’s tax return.

wonder if she is claiming charitable donations to the foundation, too?

[Gay State Conservative]

So much for DJT’s entirely legal financial dealings.Now let's get on to the Clinton Crime Family Foundation having,last year,listed just over $5 million as having gone to charitable endeavors while $25 million went to salaries and expenses.

[Zionist Conspirator]

Wikileaks’ Julian Assange has already offered teasers about new information he’s obtained about Hillary Clinton that has yet to be released.

Hooey. Assange promised he was going to release something that would force Hillary from the race by the first debate. Anyone remember that?

Some of us are becoming dangerously over-confident.

[nclaurel]

Agree with that but Obama is trying to spend even more per day.

[RetSignman]

http://www.forbes.com/sites/robertwood/2015/11/24/al-sharptons-charity-hikes-his-pay-71-but-tax-liens-clinton-imprint-remain/#6632e586cdea

How about they take a look at how democraticks handle THEIR taxes.

[jazminerose]

What a nothingburger.

[silverleaf]

Title left out the word “ illegally”

NYT ILLEGALLY obtains Trump tax records that show Trump used legal compliance with tax law ( most of which passed by democrats)

[GrandJediMasterYoda]

It’s unbelievable they are focusing on this. Meanwhile the woman who took hundreds of millions in bribes and possibly could have been involved in espionage is coddled and protected. Right now here in New York city there is a big scandal with the police dept taking bribes to do favors for Hasidic Jews. I mean we’re talking a few thousand bucks here in bribes, and a ton of cops no doubt will be fired and prosecuted. Meanwhile Hillary Clinton has done the SAME exact thing - Using her job to pocket hundreds of millions of bucks in exchange for favors, even with terror sponsoring countries, and not only is she not prosecuted, she gets to be PRESIDENT! WHAT THE F IS WRONG WITH MY COUNTRY??

[MichaelCorleone]

As usual, the complainers never finger the real culprit, namely, the Congress.

If *they* don’t like the way the tax laws are written they need to petition the Legislative Branch.

But in no way can Donald J. Trump be faulted for taking every available tax benefit afforded to him. He doesn’t make the rules.

The tax laws are available to any of us - and all of us - for that matter.