What to expect from classless prick like you???

The New York Times, in their misleading hit-piece, 'Trump Taxes’ buried an important detail regarding the millions President Trump has paid until halfway through the article, in paragraphs 79 to 81, knowing full well that the majority of their "readers" skim the headlines and at most the 1st few paragraphs, and would never see it.

(Synonyms for hit-piece include hatchet job, slam piece, calumniation, traducement, poison-pen letter, dismantlement, unmaking, ax job, defamation and calumny.)

In addition, the President of the United States is legally entitled to receive $400,000 a year salary, plus a $50,000 expense account for a total of $450,000. While this figure is much higher than the average American's salary, it is far surpassed by Silicon Valley executives, Hollywood celebrities, and professional athletes.

Never mentioned is the fact that President Trump has never accepted one cent of this money which he has earned, that is rightfully his, but has 100% donated his entire $450,000 annual presidential salary + expense account to charity during each year, 2017, 2018, 2019 and 2020, for a total of $1,800,000 (one million, eight hundred thousand dollars) which the president has donated.

https://clashdaily.com/2020/09/why-did-the-new-york-times-bury-this-detail-in-their-trump-taxes-hit-piece/

By K. Walker on September 28, 2020

The New York Times Introduction:

"The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office. It does not include his personal returns for 2018 or 2019. This article offers an overview of The Times’s findings; additional articles will be published in the coming weeks…

"In response to a letter summarizing The Times’s findings, Alan Garten, a lawyer for the Trump Organization, said that “most, if not all, of the facts appear to be inaccurate” and requested the documents on which they were based. After The Times declined to provide the records, in order to protect its sources, Mr. Garten took direct issue only with the amount of taxes Mr. Trump had paid.

"Over the past decade, President Trump has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015,” Mr. Garten said in a statement.

"With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Mr. Garten also asserted that some of what the president owed was “paid with tax credits,” a misleading characterization of credits, which reduce a business owner’s income-tax bill as a reward for various activities, like historic preservation." Source: New York Times

The Media(D) is atrocious in its job at reporting “just the facts” but excellent as activists and propagandists for the Democratic Party.

Relevant facts related to the “bombshell” report by the New York Times was buried way down deep into the article.

Are you surprised?

It’s much easier to push the anti-Trump agenda that the President is a “tax cheat” if the actual details are fuzzy and The NY Times refuses to publish the actual documents, just their interpretation of them.

Latest: Biden's Ads Blasting Trump's Taxes Are Really A Swipe At Himself -- Here's The 411
https://clashdaily.com/2020/09/bidens-ads-blasting-trumps-taxes-are-really-a-swipe-at-himself-heres-the-411/

That way, it can be glommed onto by any journo hack who can’t be bothered to read.

In an Editorial Note, rabid anti-Trumper, Dean Baquet said that it was totes kewl that the Paper Of Record™ publishes the private tax documents illegally leaked to them from a third-party because…First Amendment:



Let’s back up for a second to the “bombshell” in paragraph 1:

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

Then you get halfway through the article to paragraphs 79-81 (Emphasis Added):

Each time, he requested an extension to file his 1040; and each time, he made the required payment to the I.R.S. for income taxes he might owe — He paid $1 million for 2016 and $4.2 million for 2017. But virtually all of that liability was washed away when he eventually filed, and most of the payments were rolled forward to cover potential taxes in future years.

To cancel out the tax bills, Mr. Trump made use of $9.7 million in business investment credits, at least some of which related to his renovation of the Old Post Office hotel, which qualified for a historic-preservation tax break. Although he had more than enough credits to owe no taxes at all, his accountants appear to have carved out an allowance for a small tax liability for both 2016 and 2017.

When they got to line 56, the one for income taxes due, the amount was the same each year: $750.

So, President Trump used available tax credits and didn’t do anything illegal.

President Trump has basically said this in 2016 during the First Presidential debate:
DJT: "Not paying taxes makes me smart" - 2016 Presidential Debate - Donald Trump vs. Hillary Clinton

https://www.youtube.com/watch?v=RsJWn2qXThA&feature=emb_title


There is no “bombshell”–it’s a dud.

They didn’t even discover “any previously unreported connections to Russia” in the 17 years of tax docs that they looked at. Because… of course they were looking for that.

As Ryan Ellis summed up over at The Federalist:

"The bottom line is that the Trump business empire is basically a closed circuit — profits from business A are used to prop up business B and acquire business C. That creates a lot of deductions that offset the profit, which in turn means that in some years, very little tax is owed…

"Here is where the story really falls down. It does not inform the reader about the crucial distinction between tax evasion (illegally misrepresenting income and deductions to fraudulently lessen tax liability) and tax avoidance (legally using available deductions and other tax benefits to legitimately lessen tax liability). This difference is the axle upon which the entire story turns.

"Unfortunately for the New York Times, all it has managed to uncover is a very aggressive taxpayer working with a very talented team of tax professionals pushing every legal tax avoidance strategy they can muster. God bless them for it…

"Businesses can and should deduct all ordinary and necessary expenses against business revenue to arrive at business profit — period, end of story. To deny this is to implicitly endorse a gross receipts tax on business income, something tax experts of all persuasions will tell you is the singularly most unfair way to tax businesses." Source: The Federalist

The Libs are desperate because they know that Biden is an even worse candidate than Hillary.

This one, as a hit-piece, was an epic failure.

Congrats, New York Times. You deserve an award for that. It’s not the Pulitzer Prize, but it’s well-deserved.