NYT Published Details Of Trump’s Tax Returns–Here’s The 411
We all know this was the REAL reason that NY prosecutors demanded access to Trump’s financial records, and demanded it BEFORE the election. They were looking for ways to weaponize the contents.
To the shock of exactly nobody, we are now seeing the Times publishing the tax returns. This was a coordinated hit.
Does anyone seriously doubt that this is precisely what Pelosi was sitting on with her creepy ‘Good morning. Good Sunday morning’, I-know-something-you-don’t-know TV glitch?
The New York Times did not have lawful access to the personal information they published. Their sources committed a criminal act. And for them, the risk was worth the potential gain… that gain being the obvious project they’ve been working on for 4 years. Stop Orange Man Bad.
The original piece is behind a membership wall. But plenty of others are reporting enough of the details to get a general sense of what’s in it even without going directly to their article.
Two of the key ideas his critics are seizing on are:
(a) the $750 they claim he paid in total taxes one year.
(b) the claim that he isn’t as financially successful as he would have us believe.
Trump, predictably, calls this ‘fake news’ in a Tweet.
The Times story, if based on authentic documents, appears to debunk several conspiracy theories held by Democrats for years. The tax returns do not “any previously unreported connections to Russia,” the Times reports. Moreover, the Times story appears to confirm Trump’s claim — long treated as an excuse by Democrats — that he is under audit by the IRS. And the Times could not find “any itemized payments to Mr. Cohen,” ostensibly the subject of the New York investigation.
“The tax audit looms,” the Times notes, reporting that Trump is facing future difficulties with losses and loans.
Past exposures of Trump’s tax returns have confirmed that he has paid millions of dollars in personal income taxes. MSNBC’s Rachel Maddow was widely mocked in 2017 for revealing a 2005 tax return that showed Trump had paid $38 million in federal income taxes that year.
The Times reports more broadly on Trump’s business and personal financial details. Trump has not corroborated the information that the Times is reporting. —Breitbart
Tax avoidance is exactly what qualified Chartered Accountants are paid for… to minimize tax exposure to a business or individual. But this is ‘news’.
President Trump paid no federal income taxes in 10 of the past 15 years through to 2017, the New York Times said, citing tax return data https://t.co/B3nuOfnaIZ pic.twitter.com/3jKOUemV91
— Reuters (@Reuters) September 28, 2020
We would point out just as one for-instance that, since he is in Real Estate, there are laws expressly allowing you to deduct the depreciation of assets against your taxes owed. With the number of buildings Trump manages, this will NOT be an insignificant number.
Others have weighed in on certain failures of his critics’ financial analysis. Including the fact that he is not actually accused of having committed any crimes.
Trump’s tax returns are the lamest story of 2020. What did they tell us that we didn’t know?
1. Trump is rich
2. He plays loose with the facts of his wealth
3. Real estate developers have a lot of tax advantages
4. NYT will always gotcha a Republican at election time— Jeremy Boreing (@JeremyDBoreing) September 28, 2020
Like have any of you fools ever gotten out the checkbook after doing whatever you could with the accountant to reduce the tax burden on your multiple businesses? The rank ignorance is astounding and also pathetic.
— Harmeet K. Dhillon (@pnjaban) September 28, 2020
In category of detail most likely to not appear in cable coverage of @nytimes story: From 2005 through 2007, @realDonaldTrump paid a total of $70.1 million in income taxes. NB: Hope your confidential records are better protected by law and ethical standards than those of @POTUS.
— Hugh Hewitt (@hughhewitt) September 27, 2020
Democrats are mad at Trump because he followed the tax laws passed by the Obama administration.
— Cernovich (@Cernovich) September 28, 2020
https://twitter.com/GPollowitz/status/1310330807983190019
Sure seems like the Fake News attack on Trump’s tax returns was a well-timed distraction from rampant voter fraud and bribery in @IlhanMN’s district https://t.co/qlTKopVyTX
— DC_Draino (@DC_Draino) September 28, 2020
Everyone involved in leaking Trump's tax returns… if that's true… deserves to rot in prison.
— Tim Young (@TimRunsHisMouth) September 28, 2020
Oh look – another Fake News tax return attack on Trump to try and slow down the ACB confirmation
It won’t work
She’s getting confirmed and he’s getting re-elected
— DC_Draino (@DC_Draino) September 28, 2020
To slow down ACB? Probably.
Trying to deep-six his reelection? Absolutely.
There is likely no trick so dirty that they will not stoop to it in their quest for power.