The New York Times’s big Trump tax files splash on Sunday is therefore something of a flop. It is well-timed — an election is fast-approaching and the story might give Biden a good attack line in the big TV debate on Tuesday night. The reportage is quite interesting, too, especially to those of us who take a sordid interest in how the richest among us can get away with paying so little to the government.
But there is no smoking gun. Despite clearly exhaustive efforts, the Times investigative team has failed to uncover any illegality or clear wrongdoing. In fact, the subtext of the story is a mounting frustration at the skill of Trump’s accountants in alleviating their man’s fiscal burden. The reporters seem particularly pained to note that a law passed under President Barack Obama enabled Trump to recoup more historic losses than he could otherwise have done.
Let's start with the fact that what the NYT is doing is not only unethical, but illegal. But it just goes to show that when it comes to trying to take down the "bad orange man" that the heroes in liberal land appear to be the one who break the law while trying (and failing) to prove that Trump was somehow breaking the law. That being said, this becomes second hand information, because the actual tax returns themselves are not actually being "released". It's the NYT word that Trump and his accountants took every available legal measure to avoid paying taxes. Big story? Yawn. The only real question is if Trump will sue the NYT over illegally accessing and releasing tax return information without consent.
Sorry folks, but if Trump was breaking tax laws, the IRS would no about long before the NYT hack reporting staff would know. Not only that, but I sort of have to agree with the general concept that nobody really cares about this stuff. Everyone who files their own taxes takes the largest tax breaks they can find and would take even larger breaks if they could find them. Nobody chooses to not write things off that they are allowed to write off and nobody pays more taxes voluntarily than they otherwise have to. Do we expect that Trump should agree to pay more because he is Trump?
67 comments:
White House Defends Trump on Tax Story
White House Press Secretay Kayleigh McEnany defended President Trump on Fox & Friends against a New York Times story that he paid no taxes for much of the last two decades: “We’ve seen this play out before, where there was a hit piece about the president’s taxes just before a debate.”
it says a lot about you when you have to rely upon the stupidity and gullibility of your rank and file party members to gain policial ground.
and the liberal braintrust around here is actually proud of that fact.
Trump Runs the Only Way He Knows How
Washington Post:
“In eight rallies over the past nine days, the president has offered a closing argument to voters that is both dark and outlandish, marked by offensive rhetoric laden with grievance.
“Campaign advisers and allies say Trump has been agitating to get back out on the campaign trail in defiance of the coronavirus pandemic, resuming the rallies that energize his base and became a symbol of his underdog victory in 2016. The president believes that he alone, unfiltered, and speaking directly to voters, helped lift his campaign four years ago and that it will be key to his reelection as well.
“Trump is running for a second term the only way he seems to know how: Off-script, with little to no discipline, spewing controversy and viscera from the stage. Yet if his words are divisive and shocking, they are also familiar — and may have lost some of their ability to persuade voters.”
___________
Yep, he's yelled Hoax! one time too many.
He's the hoax himself, as his taxes make clear.
Well, Ch, if the NYT version of his tax returns is wrong, Trump can easily fix that simply by releasing his records, as he promised he would do while campaigning, but lied.
rrb said...
it says a lot about you when you have to rely upon the stupidity and gullibility of your rank and file party members to gain policial ground.
and the liberal braintrust around here is actually proud of that fact.
Soon to report in #92 - SAT replacing #00 Taegan Goddard
ROFLMFAO !!!
This is a great moment for America, Ch, for it will enable us to consider anew how the rich do or do not pay as much as they should, how they cheat and take advantage of all the rest of us, and what should be done about it.
Government of, by, and FOR the people
was NEVER meant to be only
government of, by, and FOR the rich.
The whining isn't that he broke tax laws. It's that he used them too well.
I've actually done some corporate tax accounting. The few here obsessing over the story are showing their financial ignorance.
The whining isn't that he broke tax laws. It's that he used them too well.
_________
No, the real whining is coming from those workers in PA, MI, MN, FL, OH, and even KY, TX, CA, etc., etc. who are saying, "You mean this billionaire paid less in taxes than I did?"
Pat Ward
@WardDPatrick
Biden campaign has called a lid at 9:52am.
Can't make this shit up
They are provoked, you understand, because Mr. Trump actually represents the thing they hate most: Daddy! Daddy’s in da house, the White House, as a matter of fact, and this baleful symbolic circumstance has driven the Democrats out of their gourds for four years, turning them into a party of hysterical women and men acting like hysterical women. Would you want to get on an airplane in bad weather piloted by a crew of hysterical women? That’s kind of the Big Question going into this national election 2020.
Tantrums, tantrums everywhere! The hysterical women (including men) of the Democratic Party have enlisted Black Lives Matter as their official agents of chaos. It must be so, because every time chaos erupts in an American city, and buildings catch on fire, and businesses are looted and burnt down, and police are bushwhacked, the local Democrats in charge where these things happen do not offer a peep of objection. And neither Kamala Harris nor her sidekick Joe Biden send any message aimed at quelling the violent hysteria. One must conclude that they’re on-board with rioting, arson, looting, and bushwhacking. Like I said: chaos = their comfort zone.
The Democrats like chaos because it works as an effective smokescreen to conceal the dirty secrets of their private behavior, namely 1) the fantastic international web of grift among the Biden family that was just this week detailed in a report issued jointly by the Senate Homeland Security and Governmental Affairs Committee and the Senate Finance Committee (none of which was reported by The New York Times, CNN, or MSNBC); 2) the widening gyre of John Durham’s investigation into the origins of RussiaGate and now, surprise surprise, also into the suspicious doings of the Clinton Foundation; and 3) the financing and orchestration of BLM /Antifa riot mobs by Democratic Party-affiliated non-profit orgs.
So then, there is the key matter at hand: The Democratic Party’s open promise to bring their trademark chaos to the November 3 election, based on the tactical plan drawn up in “war gaming” by the shady Transition Integrity Project this past summer. The idea is to swamp the country with harvested mail-in ballots in order to confound a resolution of the vote and sow chaos in the electoral college — to which they will bring an army of Lawfare attorneys who will engineer the desired outcome in the swing statehouses with Democratic governors, such as Michigan, Pennsylvania and Wisconsin. If Mr. Trump objects to these shenanigans, he’ll be labeled a “tyrant.”
It’s just the kind of election strategy that a gang of middle-school girls would dream up. Because they are hysterical fourteen-year-olds with undeveloped brains, it would never occur to them that Daddy might have a notion what they are up to, and a counter-plan to frustrate their scheme. They are in such a fugue of rage that they can’t think one play ahead on the gameboard. Well, as the wily Bonaparte once remarked, “never interrupt the enemy while he is making a mistake.”
The death of Justice RBG has amplified the hysteria. The Democrats are not just having a tantrum, now they’re chewing up the furniture, ululating, beating their flanks, discharging gobs of snot, peeing their panties, and foaming at the mouth. If he was anyone else but Daddy, Mr. Trump might have to take them out and have them shot.
Instead, the President is going to nominate a sane and reasonable Mommy to the Supreme Court, and Uncle Cocaine Mitch is going to see that she is confirmed, and there is an excellent chance that together they will bring order back to this deranged household — and then perhaps we can turn our attention to the real existential problems of financial crisis and economic collapse.
9:39:
Thanks for several laughs, Cali.
(It wouldn't go over well with women, though.)
So is the NYT next going to do a deep dive into their own "abuse" of the corporate tax laws?
Maybe investigate the owner of the Amazon Washington Post's Jeff Bezos and his 200 billion dollar fortune earned with little taxes paid, George Soros, Bill Gates, Warren Buffet who pays less than his secretary, The Facebook guy, the Twitter guy etc. etc.
All HUGE democrat donors and multi-billionaires ???
Now we know why this man thought those who gave their lives for their country were strange losers not to have asked, "But what's in it for me?"
Anonymous Myballs said...
I've actually done some corporate tax accounting. The few here obsessing over the story are showing their financial ignorance.
showing financial ignorance? they're actually COUNTING on it.
imagine just how fucking stupid a person needs to be to get angry with Trump for following the tax law to the letter.
"Trump obeyed the law! Where is the outrage?!?!?!"
Those workers all love Trump for the fact that he has not taken one dollar of his salary as president. We all have known Donald Trump for decades and that he's been in a different then financially that the rest of us.
F'n refers to
"Warren Buffet who pays less than his secretary."
You POS.
Buffet specifically pointed out and stressed that the tax laws should not be set up in such a way as to make that possible.
Buffet also pointed out that when it comes to "class warfare" his class has been winning that war for years now, but that it ought not to be that way.
Like FDR, Buffet believes that all the privileged wealthy should pay more in taxes.
Even that hypocrite Trump ran for president saying that the wealthy should pay more in taxes, and for that reason he promised hewould raise taxes on the wealthy.
He lied.
The President issued orders to Scott A**hole and he followed up with a tirade about the enemy of the United states press!
New Battleground State Polls
From Public Policy Polling:
TEXAS:
Biden 48%, Trump 48%
From University of Nevada:
NEVADA:
Biden 46%, Trump 41%
From The Federalist/TIPP:
PENNSYLVANIA:
Biden 50%, Trump 45%
From New York Times/Siena:
NEBRASKA 2:
Biden 48%, Trump 41%
He owes over $421 million dollars to an undisclosed entity.
Russia Russia Russia?
Biden Resumes Debate Preparation
Joe Biden has already called a lid, meaning he does not plan to make any public appearances for the rest of the day and likely will not comment on the New York Times’ story on President Trump’s tax returns until tomorrow’s first presidential debate.
Scott, in the debate tomorrow night, he will tell the truth about how much a failure Trump is!
Federal income taxes paid in 2017 (jointly with spouse):
Joe Biden - $3,742,974
Kamala Harris - $516,469
Bernie Sanders - $343,882
Elizabeth Warren - $268,484
Donald Trump - $750
In my last few years when I was working, I paid about $12,000 a year in taxes.
Trump paid $750!
Trump deserves an orange jump suit and a small prison cell.
Scott, consider this
The Times reported that “records show that [Trump] depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.”
There may be a conflict of interest between his job as the President, and his personal life.
He is ignorant about history, he's an isolationist politician. If he is reelected, Putin will expand the Russian empire!
A pollster I watched said that if 4% of the Republican voters, vote for Biden, it could create a landslide.
Anyone with an SAT of 92, is ignorant about most things
Trump Denies What His Own Tax Records Show
President Trump on Monday claimed he had paid “many millions of dollars in taxes” and has “very little debt” after a bombshell report in The New York Times revealed he had paid effectively no income taxes over several years, and is facing more than $300 million in looming loan repayments, the CNBC reports.
But Trump, in his tweet making that claim, did not offer proof and conspicuously did not say he had paid millions of dollars in “income taxes.”
ALSO
Trump Campaign Blocked Black Voters In 2016
Channel 4 News obtained a 2016 Trump campaign database which exposes how 3.5 million Black Americans were listed as “Deterrence” in an effort to try to prevent them voting.
Buffet specifically pointed out and stressed that the tax laws should not be set up in such a way as to make that possible.
and then buffet promptly bequeathed his entire fortune to the bill & melinda gates foundation instead of turning it over to the federal government.
Scott, you should listen to Dwight Eisenhower.
In a July 12th, 1945 Speech, General Dwight Eisenhower said “If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.”
I made a mistake, but I have actually scored over 900.
Blogger James said...
Trump Denies What His Own Tax Records Show
Trump very well could be correct since the NY Times was not able to obtain his '18 & '19 tax returns.
The Times reported that “records show that [Trump] depends more and more on making money from businesses that put him in potential and often direct conflict of interest with his job as president.”
purely the Times' opinion.
LOL.
still playing the emoluments angle, eh alky?
LOL.
https://medium.com/@BMNowak/a-conspiracy-to-seize-power-1a5997a0dc5d
rrb:
Trump very well could be correct since the NY Times was not able to obtain his '18 & '19 tax returns.
James:
Well, if he is correct and has nothing to hide, let him release those tax returns, and we will see how righteous he is.
They would be very helpful in our determining whether he has abused the office of President in '18 and '19.
“If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.”
indeed.
which explains the democrats' desire to kill the electoral college, pack the USSC, and add four permanent democrat senators from PR and DC.
one thing is always a constant alky - whatever you claim the GOP is doing the left is actually doing in fucking spades.
Well at least multi-billionaires Michael Bloomberg and Steyer are not following their fellow democrat billionaires .
Oh wait, they both are avoiding paying their fair share while running for president as Democrats. And doesn't Bloomberg also run some kind of media conglomerate ??? And he promised to pay his staffers until year-end then still them when he dropped out. A cum allah move too I might add.
and then buffet promptly bequeathed his entire fortune to the bill & melinda gates foundation instead of turning it over to the federal government.
He's got a whole staff of corporate tax people. But the lying POS "pastor" likes the way he TALKS, same as he did Obama. The LIE of the year winner.
* stiffed
If the election wasn't so close, the house of Representatives should investigate if he has violated the emolument amendment.
Biden Goes On Air In Ohio as Trump Goes Dark
September 28, 2020 at 12:00 pm EDT By Taegan Goddard
The Biden campaign is expected to move forward with huge television ad outlay in Ohio, according to Medium Buying, just as the Trump campaign canceled its ads for the next week.
Trump’s Tax Returns Prove He’s a National Security Threat
12:00 pm
Timothy O’Brien:
“In a tour de force of hard won reporting, the New York Times has put numerical clothing on what we’ve known about President Trump for decades — that, at best, he’s a haphazard businessman, human billboard and serial bankruptcy artist who gorges on debt he may have a hard time repaying…
“Step away from the tragicomic tawdriness and grift that the tax returns define, however, and focus on what they reveal about Trump as the most powerful man in the world and occupant of the Oval Office.
“Due to his indebtedness, his reliance on income from overseas and his refusal to authentically distance himself from his hodgepodge of business, Trump represents a profound national security threat – a threat that will only escalate if he’s re-elected. The tax returns also show the extent to which Trump has repeatedly betrayed the interests of many of the average Americans who elected him and remain his most loyal supporters.”
DONALD TAWDRY TRUMP
Blogger Roger Amick said...
If the election wasn't so close, the house of Representatives should investigate if he has violated the emolument amendment.
close?
you've been touting polls for months that have Biden winning by 20 points.
now suddenly it's close?
furthermore, you don't think every emoluments rock has been overturned yet? shit alky, if the denture sucking cunt peloshee actually had that card to play she would've played it by now.
Blogger Roger Amick said...
I made a mistake, but I have actually scored over 900
A perfect score on an SAT is 800-800. For a combine score of 1600.
So if you are not lying and you are talking about your combine score then you scored a pathetic 56%.
But I suspect you never took the SAT.
lol, liar rat.
No one has had Biden winning by +20 points.
Bloomberg Commits $4 Million to Biden’s Florida Ground Game
Michael Bloomberg donated $4 million to Florida get-out-the-vote groups who will do “face-to-face” campaigning in support of Joe Biden’s presidential campaign, the Miami Herald reports.
Said Bloomberg: “One thing that remains unchanged is the importance of a strong ground game.”
Teachers paid $7,239
Firefighters paid $5,283
Nurses paid $10,216
Donald Trump paid $750
The President was elected by a minority popular vote margin.
Each state gets 2 Senators.
In the last election, the Democrats got millions more votes than Republican candidates.
The Republican party is a minority party. Our system gives them more power than the majority vote recipients
The Senate should wait until the election, but the rules make it difficult.
If the Democrats succeed eliminating the electoral college, pack the USSC, and add four permanent democrat senators from PR and DC, they would follow the Constitution granted rights
I took it in 1969.
At Rapid City South Dakota high school
Blogger Roger Amick said...
The President was elected by a minority popular vote margin.
fortunately alky, that's completely irrelevant.
and the rest of your post, while obviously stolen, protects the minority from pure majority rule. the system is structured the way it is for a reason, and intentionally DOES NOT provide a method for the majority to steamroll the minority.
If the Democrats succeed eliminating the electoral college, pack the USSC, and add four permanent democrat senators from PR and DC, they would follow the Constitution granted rights
and the very first thing democrats would do is eliminate the second amendment.
and that's when the shooting REALLY starts.
no alky, the founders set things up so you scumbags would specifically NEVER be in a position to destroy your political enemies.
at least not in my lifetime.
In the last election, the Democrats got millions more votes than Republican candidates.
From LA county dumbass. The other states won’t go along with it
If the election wasn't so close, the house of Representatives should investigate if he has violated the emolument amendment.
There is no such thing as the emolument amendment.
It is mention for Congress in Article I section 6.
No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States which shall have been created, or the Emoluments whereof shall have been increased during such time
It is mention as part of the prohibited titles of nobility in Artical I section 9.
No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince or foreign State.
It is mention in Article II Section 1 for the President.
The President shall, at stated Times, receive for his Services, a Compensation, which shall neither be increased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.
In all cases the word emolument is used as a direct payment or compensation for services render.
It does not include revenue incidental to trade or commerce with a foreign power.
But I suspect you never took the SAT.
he never took it. and if he had a fucking clue he'd no that Trump didn't need to pay someone to take his SAT for entrance to Penn.
SAT's are not required for transfer students, and Trump was a transfer to Penn from Fordham.
And the GOP slurpers spin that trump is GOD continues in spite of his returns showing what a horrible business man he is.....Debt he personally has guaranteed of over 400 million is probably just the tip of the iceberg of what he owes....Paying little taxes shows all what a dishonest prick he is with money being his driving force....His daddy taught him well and should be proud what a real loser looks like!!!!!!!! BWAAAAAAAAAAAAAA
BTW 55K new cases is once again the highest number in months with the mid west leading the charge, but according to Lil Schitty is not important!!!!!!
he never took it. and if he had a fucking clue he'd no that Trump didn't
Tough day on the keyboard today Rat? I no you seem very shaken by the newest crisis......BWAAAAAAAAAAA BTW....trump bought his way into college and his alma mater is looking into his SAT allegations.......just a matter of time when his scholastic acumen is laid bare!!!!!!
I hope that Biden makes sure that the country understands how important this is.
Teachers paid $7,239
Firefighters paid $5,283
Nurses paid $10,216
Construction workers paid $12,000.
Fast food workers paid $3,500
Retail sales representatives paid $4,000.
Donald Trump paid $750
Senseless you make it too easy.
The emoluments clause, also called the foreign emoluments clause, is a provision of the U.S. Constitution (Article I, Section 9, Paragraph 8) that generally prohibits federal officeholders from receiving any gift, payment, or other thing of value from a foreign state or its rulers, officers, or representatives.
https://www.britannica.com/amp/story/what-is-the-emoluments-clause
Anything of value.
Your sat must have been 500
Blogger Roger Amick said...
I hope that Biden makes sure that the country understands how important this is.
Teachers paid $7,239
Firefighters paid $5,283
Nurses paid $10,216
Construction workers paid $12,000.
Fast food workers paid $3,500
Retail sales representatives paid $4,000.
Donald Trump paid $750
so do i alky.
i mean, i sincerely hope that Biden stresses the importance. and as part of that he needs to explain specifically what he did to address it after FORTY SEVEN YEARS IN WASHINGTON.
LOL.
i mean, the guy spends to close to a half century in DC, and tax policy is as fucked up as it's ever been. and when it comes to corporate tax avoidance the state of Delaware is without equal in America.
so yes, let's see Slow Joe be made to answer for how fucked up our tax policy really is and how he helped to get it to where it is today.
great idea, alky!
Senseless you make it too easy.
The emoluments clause, also called the foreign emoluments clause, is a provision of the U.S. Constitution (Article I, Section 9, Paragraph 8) that generally prohibits federal officeholders from receiving any gift, payment, or other thing of value from a foreign state or its rulers, officers, or representatives.
CS was correct, alky. it is a CLAUSE, not an AMENDMENT captain SAT.
Corruption squared off.
President Trump was the first president in over fifty years to refuse to make his recent tax returns public. Now, the president in under investigation in two very serious court cases in which his tax returns and other financial information have been subpoenaed by a grand jury. Both have been going on for about a year. The investigators are Manhattan District Attorney Cyrus Vance and New York Attorney General Letitia James, who is a Black woman. But the man who could have released Trump’s tax returns without these lawsuits is Charles Rettig.
Charles Rettig eventually replaced John Koskinen as IRS Commissioner almost two years ago. Of course, President Trump nominated him, and the Republican-controlled Congress approved it.
Today, it was revealed that Mr. Rettig has a serious conflict of interest about President Trump. Since 2006, Rettig has owned two rental properties at the Trump International Waikiki resort in Honolulu, Hawaii. It has provided him with $100,000-$200,000 per year in investment income. But Mr. Rettig did not reveal this to Congress when it approved his nomination as IRS Commissioner, and he should have.
https://www.patheos.com/blogs/kermitzarleyblog/2020/09/is-irs-commissioner-rettig-a-magician-with-trumps-tax-returns/
It is in the Constitution. A clause
Born & reared in Seattle, WA., Kermit lived 38 years in metro Houston, now in Scottsdale, AZ. He graduated from University of Houston w/ BBA in 1963 and played on the PGA Tour full time from 1964-1982 and Senior/Champions Tour in 1991-2001. Kermit co-founded the PGA Tour Bible Study in 1965 and was senior leader most of next 17 years. Kermit has three adult children and six grandchildren.
Good source Alky
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