Here we go again with the liberal media’s latest full-throated, full-frontal attack on Republican presidential candidate Donald Trump.
The New York Times revealed Trump reported a $916-million loss on his 1995 income tax returns, which could have allowed him not to pay taxes for 18 years. Please note the emphasis on “could.”
Yet, buried deep beneath the titillating headline “Donald Trump tax records show he could have avoided taxes for nearly two decades, The Times found,” are the reporters’ admissions that this was perfectly legal.
“The tax experts consulted by the Times said nothing in the 1995 documents suggested any wrongdoing by Mr. Trump.”
In fact, reporters explain toward the end of the article that “Under I.R.S. rules in 1995, net operating losses could be used to wipe out taxable income earned in the three years before and the 15 years after the loss.”
My reaction — like so many other Trump supporters — was “so what”? Why is this even a news story?
General Electric aggressively avoids paying federal income taxes every year and was topic of much media discussion in 2011.
Why are people acting shocked that Trump legally didn’t pay taxes in 1995? Why would any smart hardworking American voluntarily give the federal government more of their money to waste and redistribute to others?
Clearly, Trump has a “sophisticated” understanding of America’s tortuous tax code.
In a statement to the Times, the Trump campaign wrote:
“Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes.”
The statement continued, “Mr. Trump knows the tax code far better than anyone who has ever run for president and he is the only one that knows how to fix it.”
The Times also noted that Trump isn’t the only wealthy person to benefit from this tax provision that “that is particularly prized by America’s dynastic families,” like Bill and Hillary Clinton, for example.
But the Times doesn’t go into any detail about the way the Clintons have protected their wealth or the fact that, since 1997, when the Clinton Foundation — aka Hillary’s Super PAC was founded — it has raised $2 billion to help promote the Clintons’ endeavours.
Moreover, the liberal mainstream media has gone radio silent on allegations about Hillary allowing the Clinton Foundation to sell access to the State Department to the highest bidders. After reviewing a partial release of Hillary’s State Department calendars, the Associated Press found that 85 out of the 154 non-government employees, who met or spoke with Secretary Clinton, donated $156 million to the Clinton Foundation.
What this article proves is that “the New York Times, like the establishment media in general is an extension of the Clinton Campaign, the Democratic Party and their global special interests,” the Trump campaign stated.
Why isn’t the media talking about the FBI and Department of Justice’s investigation into Hillary’s e-mails and the fact that two of Hillary’s close aides have been given immunity to testify?
“Hillary Clinton is a corrupt public official who violated federal law,” alleged the Trump campaign. “Donald Trump is an extraordinary successful private businessman who followed the law and created tens of thousands of jobs for Americans.”
But the New York Times and its liberal media comrades want to go bonkers over Trump legally avoiding paying more taxes than he should — 20 years ago.