New York Times Fails at Outlining President Trump’s Taxes Again…

Once again the New York Times attempts to make an issue out of President Trump’s real estate holdings working as a tax shelter and reducing income taxes.

In the article the Times completely obfuscates the way income taxes are strategically offset by depreciation, mortgage interest and the entire reason why real estate ownership is viewed as a business.

John Carney writing for Breitbart gets it:

[…] So imagine our guy took out an $8 million mortgage at five percent, paying $2 million cash. Now he’s got to pay $400,000 in mortgage payments. He wants to make at least that much so he charges tenants an aggregate of $425,000, which after upkeep comes out to $410,000 of net income. (Remember, if the bank didn’t think he could make more in rent than the mortgage payment, it probably wouldn’t have lent him the money.) The interest payment on the loan–let’s call it $390,000–is deductible from his income, leaving him with $20,000 in net income. He gets to keep that and pay no taxes on it, however, because he still gets to apply the $370,000 depreciation charge. He tells the IRS he lost $350,000.

Under our tax code, ordinary business expenses can be deducted in the year they are incurred. But when a business pays for a long-lasting item expected to produce income–like machinery, vehicles, or an apartment building–it is considered a capital investment. Instead of getting to write-off the cost all at once, the business is required to write it off over the course of decades. After the 1986 tax code, this was set at 27.5 years for residential real estate. (more)

Anyone who has ever operated a business knows that offsetting income is one of the primary reasons to be self-employed.  Additionally, the Times completely skips over the tens-of-millions in payroll taxes paid by the Trump organization and tens-of-millions in property and sales taxes paid by all of the various Trump properties.

In the commercial real estate market it is common sense to offset income tax liabilities with a host of valid annual expenses, long-term capital depreciation and mortgage interest payments. With over 500 individual business entities within the Trump organization the ability to offset income in one asset with expenses in another is simply good accounting.

Additionally, President Trump donates his $400,000 government salary back to the U.S. government.  So to accuse President Trump of only paying $750 in income taxes totally ignores all of the other donations and tax payments he makes.

In practical terms no President before Trump has ever had his actual business portfolio so deeply connected to the success of the American economy.   It doesn’t cost the American taxpayer a dime to have President Trump in office…. Now let’s figure out how DC politicians making $200k/yr are able to become multi-millionaires while holding office.

Anyone?

This entry was posted in Big Government, Big Stupid Government, Donald Trump, Election 2020, Joe Biden, media bias, Professional Idiots, propaganda, Taxes, Uncategorized, USA. Bookmark the permalink.

279 Responses to New York Times Fails at Outlining President Trump’s Taxes Again…

  1. I don’t care whether they failed or not, I am absolutely furious that they keep trying to violate our patriotic President’s privacy, and further that they keep trying to criminalize almost any normal activity if the President did it, like taking deductions, loans, etc. They don’t just want to imprison our best President on any possible excuse, they want to make it so anyone who has actually run a private company before entering politics is shut out of politics by virtue of having useful experience.

    LIVID!

    Liked by 22 people

  2. jus wundrin says:

    When I was young and naive, I did contract off base housing work for the military. One of the SF bay area property managers I was working with told me the the tax system was designed so one does not have to pay taxes. I was taken aback by this comment, but over the years I discovered it was true.

    If PDJT had violated any tax laws over the years, especially the 8 before he was elected, team 0Bomba would have nailed him big time.

    Liked by 14 people

    • Kroesus says:

      PDJT has been the most investigated individual in the country over the last dozen years at least. The Left has produced how much authenticated evidence of wrongdoing again? He is either the best player of hide and seek in history or innocent of the spurious charges always leveled at him.

      Liked by 11 people

      • hoghead2 says:

        I’d love to see his tormentors go through the same four year exam, and in a public venue. Could any of them survive it without someone running interference for them? Not bloody likely.

        Liked by 12 people

      • namberak says:

        Your comment caused me to recall that, as I remember it, Rush Limbaugh has talked of having had the NY state tax authority crawling through his tax returns every year for twenty years or more, ever since he left NYC for “sunny south Florida.” Like PDJT, if he was ripping them off, we’d all know about it.

        Liked by 4 people

    • cwf60 says:

      You are absolutely correct. This is to keep the Democrat supporters (sheep) riled up.

      Liked by 5 people

    • mikeyboo says:

      Jus-You are exactly correct. This is just more smear tactics and harassment !

      Like

  3. Right to reply says:

    If Trump’s taxes are going to be Wallace’s BIG question. Let us hope that question sends him in the same direction as Kelly’s BIG question.

    I look forward to seeing his book in Dollar Tree

    Liked by 12 people

  4. MGBSE says:

    Thank you Sundance.

    Liked by 2 people

  5. jeans2nd says:

    Beg pardon, but how did Mr Trump get all those legislators to write the tax laws this way just so Mr Trump could benefit from those tax laws, years and years before Mr Trump ever thought of running for office?

    Or perhaps Mr Trump has a time machine that takes Mr Trump’s accountant backward and/or forward in time?
    Amazing amazing amazing {{{smh}}}

    Liked by 5 people

  6. Patience says:

    It was “reported”…..
    ~> Trump Tax Dossier

    Speaking of making (up) headlines / leftist talkiing-points:
    ~>Wasn’t it Chris Wallace who made, “Will you accept the (election) results?”
    an anti- Donald Trump ism during the 2016 Hillary debate ?

    Liked by 2 people

    • Mike in a Truck says:

      The only people concerned about President Trumps taxes are the very ones who should have their income looked at. As for 99% of the American people- they dont care about what Donald Trump did before becoming President.

      Liked by 9 people

  7. Troublemaker10 says:

    Excerpt from The Hill article::

    In a statement to the Times, Trump Organization lawyer Alan Garten said that “most, if not all, of the facts appear to be inaccurate” and reportedly took issue with the amount of taxes the Times reported that Trump has 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,” Garten told the Times.

    Trump himself also denied the Times’s reporting during a press conference on Sunday, calling the story “totally fake news.”

    “The IRS does not treat me well. They treat me like the Tea Party,” he continued, referring to claims from GOP figures that the IRS targeted GOP-leaning groups during the Obama administration.

    https://thehill.com/homenews/administration/518510-trump-paid-no-income-taxes-for-10-of-past-15-years-report?amp&__twitter_impression=true

    Liked by 5 people

    • PMadison says:

      Besides the injustice of guilty deep staters never going to jail, it will be forever infuriating that because they are never prosecuted, fake news can continue to write phrases like this: ” … referring to CLAIMS from GOP figures that the IRS targeted GOP-leaning groups …”

      Liked by 1 person

  8. dufrst says:

    This is all about giving Joe Biden, one and only debate, something to try to bludgeon Trump with. It’s ridiculous. The Times have no credibility. They are a propaganda arm of the DNC.

    Liked by 5 people

  9. paper doll says:

    All PT ha to say is where’s Joe ‘s taxes? He’s been a government employee for 47years and is super rich….how does that work?

    Liked by 6 people

  10. The New York Times believe it or not is doing the President a huge favor….
    For 3.5 years the Media, leftists and elected leftists assured us that the President financed his projects with Russian Money and loans….. Nadler, Schiff and Rachel Maddow assured us we would find that in his taxes…. Right?

    Liked by 4 people

  11. fangdog says:

    I wonder why Trump does not give a simple explanation how the income tax thing works? We all have the same choice to tax-plan or not tax-plan. As I have said; “Either you invest your tax-dollars or the Government spends your tax-dollars. No one has the choice of putting it under the mattress.

    I guess it gets down to most people spend all their time making a living, they don’t take time to make any real money.

    Like

  12. borwarrior says:

    The amount of traction this will gain for the corrupt Left is equal to the amount of traction they gained from the Woodward book.

    ZERO!!

    Like

    • A Moderate Man says:

      This revelation will hurt PDJT because now Sleepy Joe can run gauzy tv ads portraying the President as this and that and himself as the real blue collar guy.

      Like

  13. Troublemaker10 says:

    Even the fake tax returns are clean. They’ve got nothing on Trump except what they can make up and create out of thin air.

    Btw, isn’t this eerily like the same charge they made against Romney in 2012? Maybe the NYTs source is Harry Reid. Just sayin’…
    😁

    Liked by 1 person

  14. patti says:

    Was going to post the John Carney piece but since Sundance has that covered…

    OCTOBER SURPRISE ACCELERATED: @NYTimes Trump Tax Return Lies Melting Faster Than an Ice Cream Cone in Jerry Nadler’s Pants

    http://directorblue.blogspot.com/2020/09/october-surprise-accelerated-nytimes.html#more

    Liked by 2 people

  15. Publius2016 says:

    NY Times fired another October Surprise based on Fake News!

    Project Veritas fired TRUTH WITH REAL INVESTIGATIVE JOURNALISM immediately after!!

    Minnesota, this election is up to you…do you want “Omar Ilhan” becoming a Somali Political Lord in the land of a thousand lakes? if not, VOTE 45!!!

    Liked by 4 people

  16. Sentient says:

    When somebody has a business loss that exceeds their taxable income, they get to carry forward that loss to future years – to shelter other income – until that loss is “used up”. It’s commonplace. The president had a big loss in the early ‘90’s that he was still carrying forward. That’s all. No big whoop. It’s not like he was selling out American jobs to the Chinese.

    Liked by 7 people

    • shaupeen says:

      Or uranium to the Russians.

      Liked by 5 people

    • bshaw7369610 says:

      All that explanation is not necessary. The fact is his ACCOUNTANTS followed the tax codification afforded to their client by the US Treasury/IRS. That’s it. Add in that PDJT doesn’t crack a bottle of red wine on April 14th with a box of reciepts a pencil and a calculator and crank through his taxes. They are handle by a professional firm. A firm that’s not going to risk losing their licenses and livelyhood because one client tells them to break the law. Any firm would tell him to go pound sand. Especially if they knew he was running for president. Any firm dumb enough to do that knowing his aspirations would deserve far worse then they would get.

      Seriously, this just goes to show how little the American left voter base knows about actual business and taxes in American policy and society.

      Liked by 3 people

  17. PaulCohen says:

    ooh the Democrat Mediascum Complex just can’t tell its a## from a hole in the wall…..

    Liked by 8 people

  18. j'accuse says:

    It is clear that the NYT and the gang of other television and other print media outlets are not going to return to anything resembling journalism and we should probably stop being aghast at their latest outrages (it’s hard not to be) and focus on rebutting them. Ben Rhodesian future has arrived and in additional their are obviously corporate forces at work at CNN, NBC, ABC, et al that have aligned to saturate the airwaves with negative coverage of Trump and his administration. They don’t even pretend to practice journalism anymore and likely most of the 20 something staff were never taught how to investigate a story.

    Indeed there is such a synchronization of negative coverage that that the media becomes a single shouting voice that isn’t just anti-Trump, but anti-American by trying to influence a federal election and undermining our democratic institutoin with a torrent of lies, distortions and half-truths. I’ve had a hard time coming to the realization that these outlets are corrupt to the core because I still don’t understand why anyone would squander their credibility and moral authority as a journalist to become a propagandist. I also think the older editors and reporters are doing a shameful disservice to the younger generation of reporters by failing to mentor them.

    The crap they write isn’t a difficult skill to learn and much of it involves the sensationalism, innuendo and suppositions of the tabloids papers of old and bush league propaganda techniques to twist facts & vilify public figures which are much like those found in old Soviet training manuals.

    I hope Trump will continue to use his bully pulpit to counter media lies and be a conduit of factual information to the public along with all the truth warriors on the internet & social media like SD. A bigger threat is that the parent corps and the uber rich like Bezos support these propaganda and smear tactics. America has to punish them for subverting the democratic institutions of the nation that allowed them to build their empires. Those empires were built on top of the bones of patriots but these people are too ignorant to know that or don’t care. They do not have the right to conspire with each other to undermine an election — that is not a protected right but is a crime.

    Liked by 3 people

  19. regitiger says:

    the last sentence/question from sundance

    should be the very first exam question in the SAT/ACT for every student competing for a college spot…

    if young eager minds were tuned in. i firmly believe we would have a more effective voting class…

    Like

  20. FPCHmom says:

    It’s all coordinated to help Biden. Every week there will be a “new” thing to get outraged about, until it is disproven or turns out to be a nothing burger.

    Like

    • Rhoda R says:

      They must have gotten a heads up from the Slimes to get it out so quickly.

      Liked by 2 people

      • gonetoblanville says:

        Everything has been coordinated by the “Biden Puppeteers” and daily talking points wired to the “fake news media”, “hollywood”, “prosportsters”, “big business”, “globalists”, “Rinos”, “never Trumpers”, “deepstaters”, “rabid socialist leftists”, “hired protesters, rioters, arsonists”, “get rich constant war generals” to spread far and wide.

        Like

  21. Tiffthis says:

    Of Biden tries to bring this up at the debate- he’s gonna confuse himself so bad 🤣🤣 no way can he memorize the terminology to make any impact

    Liked by 1 person

    • Jeffrey Coley says:

      Just as I hoped to see Hillary faint or have a seizure in the debates given the rumors about her frail health; I am hoping to to see Biden wander aimlessly between in search of a point spewing nonsensical word salad. But be prepared for Biden to actually do OK at the debate. There have been a lot of edited videos showing him stammering and babbling, but he is able to string sentences together well enough between those lapses. Look at his performance in the Democratic primary debates, for example.

      We’ve set expectations very low, so he doesn’t have to do much to exceed. Simply managing to hold eye contact and not drool on his tie will be a win.

      Liked by 1 person

      • Tiffthis says:

        Good point, Jeff. Today I heard a liberal friend say that there theory is Biden has been PURPOSELY gaffing (this entire time) to throw trump off at the debates. 🤦🏼‍♀️

        Liked by 1 person

        • Jeffrey Coley says:

          I saw a great video of Biden on The View, with him hemming and hawing, stammering, and generally confused and incoherent as the hosts looked on with a baffled look of concern. Then I saw the REAL video. It was much better than the cut made it look. He actually spoke in complete sentences and made perfect sense, the cutaways used in the edited video were difficult to spot.

          Biden, for all his faults, was always a pretty sharp guy and spoke well. Even though he is undeniably slower now, and has lost his edge, he can still hold his own. For a time, anyhow.

          Like

          • Tiffthis says:

            I respectfully disagree. Joe is a walking/ talking calamity. He struggles to read a prompter, and is even worse at memorizing and delivering info. I agree they if he only messes up a little that the media consider that a big win.

            Liked by 2 people

          • Marc says:

            When he’s medicated and having a good day that’s when they send him out to speak publicly but how can you explain him putting a lid on the press prior to 9am? A bad bad where he can’t put sentences together and medicating him isn’t enough.
            If I were President Trump, I’d try to agitate Joe. That’s where he has trouble filtering himself and says the first thing that fits his mind.

            Liked by 1 person

        • Gary says:

          OK, just for fun.
          Let’s say a whole new human walks onto the stage looking exactly like Joe Biden. Does anyone truly believe there is a snowflakes chance down under he could go the distance with Pres. Trumps mind…..just one hemisphere……Biden picks which.
          I have no idea what the lefts plan here is but I can smell an Acme moment in the making.

          Liked by 2 people

          • Jeffrey Coley says:

            How many times have we said to ourselves, “surely the Democrats can’t be THIS stupid” … and then they go out and prove to us that yes, indeed, they ARE.

            Liked by 2 people

  22. pappaduck says:

    Even if POTUS Trump had committed a crime, these idiots would miss it trying to falsify a more elaborate crime. As for becoming a millionaire on a $200k salary, easy as pie, WE pay for their every want and desire on top of their salary. Add in a few ‘gifts’ and insider trading, and….. Boy they really can’t budget for $h!te or they’d be more wealthy than The Trump’s. Wonder what we had to pay for Nasty Piglousy’s estate?

    Liked by 1 person

  23. QuiAudetVincit says:

    Hidin’ Biden’s position on this boils down to: “Trump doesn’t pay enough taxes… and neither do you! Yes, I’m raising your taxes!”

    A real winner, there. It depends on how many ignore or see through the media’s lies

    Like

  24. anthohmy says:

    Please, somebody show me the NYT tax returns year after year after they wrote off the loss from the Boston Globe. They count on people being clueless. Baa Baa

    Like

  25. jello333 says:

    Sundance, I know you like to do at least one write-up on any story the MSM decides to “break”, if for no other reason than to show what a bunch of dishonest losers they are. But my advise on this one would be… you do NOT need to spend a lot of time or energy on it. As it is, I have no idea how you find enough hours in the day to even write out your posts, let alone do the research that goes into each one of them. So as far as I’m concerned this one isn’t worth the trouble.

    I mean there’s almost ZERO chance that any Trump supporter anywhere in this country is gonna care about this “scoop” the NYTimes are going on about. And the “independents” who are still making up their minds (hard to believe such people really exist)… well if this is what pushes them away from Trump, they were just looking for something anyway. And even the people who dislike and plan to vote against Trump, they obviously didn’t need any more reasons. In fact, I can almost imagine this particular “bombshell” could actually demoralize them. “Aw c’mon! I’ve been waiting for the big one to drop on Trump. Are you telling me THIS is all we’re gonna get?!”

    So anyway, if you think it’s important we know this or that about this story, go for it. But if you’re doing it because you think we (Treepers) need some reassurance or something that this ain’t a big deal…. well just speaking for myself, this story is WAY down the list of stuff I’m concerned about with regard to the election. 🙂

    (If it wasn’t already obvious from the tone of this comment, after we win this election and clean up things from the near-certain violent aftermath, I’m gonna try to convince you to take about a month-long vacation and just RELAX! No idea how I’m gonna pull that off though… still working on that aspect. 😀 )

    Liked by 1 person

    • H.R. says:

      Nice try at getting Sundance to relax. jello333, but you know darn well that Sundance has gotta Sundance.

      So my advice to you is… nuttin’, ’cause jello333 has gotta jello333.
      ;o)

      Liked by 1 person

      • jello333 says:

        Oh yeah, I know. Sundance reminds me of the greatest baseball player of my lifetime… Albert Pujols. During the first decade of his career he was SO good, SO consistent that it didn’t seem humanly possible… he was The Machine. Yep, Sundance too. 😉

        Like

  26. Troublemaker10 says:

    Like

  27. Troublemaker10 says:

    Like

    • Gaijin and Tonic says:

      Hahaha…tax avoidance isn’t illegal, but the idiots that read the New York times don’t understand the difference between tax avoidance and tax evasion. Here’s a practical example:

      If I’m driving from point A to point B and choose to not take a toll road, but instead take a public road, I have avoided a tax in the form of a toll road fee. But if I take the toll road and blow through the toll gate, I have now committed tax evasion. The former is legal, the latter is illegal.

      The Times admits in their headline that nothing was done wrong.

      Liked by 1 person

  28. Troublemaker10 says:

    Read full thread in reader App:
    https://threadreaderapp.com/thread/1310372984494927873.html

    Liked by 1 person

  29. Troublemaker10 says:

    Liked by 2 people

  30. furtive says:

    Atten Rudy & Chris
    Debate Prep:
    “DO AS I SAY, NOT AS I DO.“
    Same retreaded coordinated parroting talking points playbook. Dim-Dems have ZERO CREATIVITY OR INGENUITY. THEY HAVE RUN OUT OF “ETHANOL”: nothing they project on Trump sticks… even his harem!!

    Born destitute , “Money grows on trees” Corrupt ILLEGAL land robber confiscator, multi millionaire by theft, Harry Reid pulled the same thing on Mittens in 2012:

    Three years later, when asked about the irresponsible and undignified act of using the Senate floor to spread false allegations about a politician from the opposing party, Reid had no regrets. “I don’t regret that at all, Romney didn’t win did he?”

    A Senate democratic leader spread baseless allegations without a shred of evidence, and used the Senate floor to do so; even more egregious is that Reid was proud of his actions.

    How much UNREPORTED Taxable VEGAS MAFIA BRIBES/money laundering, enriched his son, granddaughter, and extended family?

    Reid was forced to return campaign money funneled to his granddaughter.

    https://www.investors.com/politics/editorials/bundy-ranch-harry-reid-rory-reid/

    ———-
    On 1-11-17 Trump displayed his various properties portfolio in the Trump Tower lobby, They were in an 18”+ pile.

    QUESTION: (inaudible) do you believe the hacking was justified? And will you release your tax returns to prove what you’re saying about no deals in Russia?

    TRUMP: I’m not releasing the tax returns because as you know, they’re under audit.

    QUESTION: … since the ’70’s has had a required audit from the IRS, the last place to release them, but as president sir…

    TRUMP: You know, the only one that cares about my tax returns are the reporters, OK? They’re the only who ask.

    QUESTION: You don’t think the American public is concerned about it?

    TRUMP: No I don’t think so. I won, when I became president. No, I don’t think they care at all. I don’t think they care at all.

    (APPLAUSE)

    TRUMP: I think you care — I think you care. First of all, you learn very little to a tax return. What you should go down to federal elections and take a look at the numbers. And actually, people have learned a lot about my company and now they realize, my company is much bigger, much more powerful than they ever thought. We’re in many, many countries, and I’m very proud of it.

    And what I’m going to be doing is my two sons, who are right here, Don and Eric, are going to be running the company. They are going to be running it in a very professional manner. They’re not going to discuss it with me. Again, I don’t have to do this. They’re not going to discuss it with me. And with that, I’m going to bring up Sheri Dillon, and she’s going to go — these papers are just some of the many documents that I’ve signed turning over complete and total control to my sons.

    DILLON: Good morning. It’s my honor and privilege to be here today at President-elect Trump’s request.

    He’s asked me, as you just heard, to speak about the conflicts of interest and the steps he’s taking. As you know, the business empire built by President-elect Trump over the years is massive, not dissimilar to the fortunes of Nelson Rockefeller when he became vice president. But at that time, no one was so concerned.

    President-elect Trump wants the American public to rest assured that all of his efforts are directed to pursuing the people’s business and not his own. To that end, as he explained a few moments ago, he directed me and my colleagues at the law firm Morgan Lewis and Bockius to design a structure for his business empire that will completely isolate him from the management of the company.

    He further instructed that we build in protections that will assure the American people the decisions he makes and the actions that he takes as president are for their benefit and not to support his financial interests.

    CASE CLOSED bipolar lame stream media children

    https://time.com/4631551/donald-trump-press-conference-russia-ethics-transcript/

    Like

  31. son of mainecoonman says:

    Good morning Treepers.

    I will give you just one guess as to the headline story in the rancid bbc news.

    The Dems continue to unleash their unverified and irrelevant “bombshells” as the election approaches. What the hell are Barr and Durham waiting for? Where’s the fight back or do they intend to let the President fight alone as has been the case for the last 45 months.

    Some allies.

    Like

  32. T2020 says:

    NY Slimes belongs at the bottom of every bird cage and puppy crate in America.

    Liked by 1 person

  33. Troublemaker10 says:

    Like

  34. jello333 says:

    I suspect the Times and their allies don’t really care that there’s nothing illegal in any of the paperwork, and they may not even care that hardly anyone really cares about Trump’s taxes. I suspect they’re going for something else. Rather than accuse Trump of doing anything illegal, they’re gonna push the “Trump is a loser, and lies about what a great businessman he is.” That’s what I think is going on. They’re gonna try to rub it in Trump’s face that he “lost” at times, and they assume that if they do that it’ll cause Trump to go off the rails in anger and embarrassment.

    Yes… they are just that stupid. 😀

    Liked by 1 person

  35. A Call for Honesty says:

    Sundance should have highlighted his punch line:
    Now let’s figure out how DC politicians making $200k/yr are able to become multi-millionaires while holding office.

    Anyone?

    Liked by 2 people

  36. appraisher says:

    Who remembers Harry Reid using the same, “He didn’t pay taxes for the last 10 years” strategy on Mitt Romney in 2012, even though he knew it wasn’t true? “The outgoing Senate Minority Leader even bragged to CNN that the comments, which had been described as McCarthyism, helped keep Romney from winning the election”. “”They can call it whatever they want. Romney didn’t win did he?”

    THIS is the democrat party {spit!}.

    Liked by 3 people

  37. detad1 says:

    They did not fail. They got it out and slammed Trump for their base.

    We did nothing. Proving they are wrong doesn’t matter to them. They get it out.

    Like

  38. Zera says:

    “Now let’s figure out how DC politicians making $200k/yr are able to become multi-millionaires while holding office.”
    Well, part of the reason might be Congressmen can effectively legally insider trade. It was illegal for them for a while but clearly too lucrative to give up, using another form of words to shape it.

    Liked by 2 people

  39. Cocoon says:

    Harry Reid did this to Romney on the floor of the Senate. No personal liability there.
    NY Times makes accusations while refusing to show the evidence? Sounds very similar, no?
    Comey et al went after Flynn and Trump to cover their misdeeds. Pelosi went after Trump using Impeachment over Ukraine to cover other misdeeds and corruption.
    The NY Times article does not accuse Trump of unlawful activity. Just states Trump hires accountants who maximize his deductions, depreciation etc. and like many others including Buffett, they disagree with IRS on amounts owed.

    Liked by 1 person

  40. Merkin Muffley says:

    If these returns are genuine, then someone broke the law.

    Like

  41. Jeffrey Coley says:

    The subterfuge is obvious: The Times (allegedly) obtained “thousands” of tax returns going back “decades” and found one where Trump paid only $750.

    Anyone who knows anything about an organization such as the Trump real estate empire knows it is comprised of many legal entities and each pays its own taxes (hence, why there are “thousands” not “dozens” of returns.) They found ONE (allegedly) where the tax liability in a given year was only $750. BFD. What about all the others that year? What was the AGGREGATE tax liability of the Trump organization?

    And furthermore: It would come as no surprise to me if I learned Donald Trump, the individual, pays himself a paltry salary and structures most of his wealth in such a way that it remains in the business to avoid personal income taxes. For instance, homes and vehicles and aircraft such as Trump Force One don’t belong to Donald J. Trump, they belong to some business in the Trump organization.

    Lying POS New York Times. This is why nobody believes them.

    Like

    • Jeffrey Coley says:

      ADDENDUM: A very large legitimate business like Trump’s has no incentive to cheat on their taxes, and every incentive to scrupulously follow the letter of the law. Not only because it’s foolish to risk the entire business trying to avoid a few dollars in taxes; but Trump has been a political target for decades. No WAY Obama’s IRS (or Cuomo’s, or DeBlasio’s tax collectors) were going to cut him any slack.

      Liked by 1 person

      • Harvey Lipschitz says:

        President Trump is under a higher standard. If he commits a crime, he also has gaming license revoked.
        If Harry Reid lies, he doesn’t lose his Mormon set of magic underpants.

        Liked by 1 person

  42. Susan Harms says:

    NYT reporter is wrong: interest on mortgage to buy rental property is not deductible. At least not for us peons. Now NYT reporter may know some other angles.

    Like

    • Harvey Lipschitz says:

      It is allowed deduction
      Form 1040, Schedule E line 12 under expenses. We also got mortgage interest expense on our sailboat which was treated as a second residence.

      Like

  43. Harvey Lipschitz says:

    So the NYT rag failed to find

    1 Unreported income

    2 Disallowed deductions

    3 Unfiled returns

    From what I read a couple weeks ago, the NY AG is trying to convict Trump enterprises of bank fraud by reason of borrowing money and using inflated values for assets. My response is all real estate in NYC is over priced.

    Like

  44. Gary Lacey says:

    I’m not so sure the NYT is interested in truth….we know the lies are to feed Democrats fake raw meat to sate their TDS…..case in point, the real facts on Brehonna Taylor shooting, boyfriend fired at cops using her as a shield.

    Liked by 1 person

  45. CharterOakie says:

    These poor deranged, rabid cretins always pursuing Trump and never catching him.

    As kids, they must have watched every Roadrunner cartoon with baited breath thinking, aha! Surely Wyle E. Coyote will get him get him THIS time! Surely THIS dastardly scheme using THIS particular ACME thing-a-ma-jig in a box will do the trick!

    They’re probably still watching Roadrunner cartoons, agitated and distressed that the schemes never work.

    Trump is a winner. He doesn’t lose.
    And they refuse to accept that.

    Like

  46. Harvey Lipschitz says:

    New York Times has been bleeding and losing money for decades. They were in the black 24 million profit in a recent year because they make a fortune selling online subscriptions which have no ink, paper and delivery expenses. This spike comes from posting smut on The Donald.

    Fake News makes money lying about Trump and crafting headlines.

    A daily dead tree subscription is a couple hundred pounds of paper for the land fill in a year.
    Rich Mexican Carlos Slim has dumped several hundred million into NYT. No tax paid on 24 million net profit because——–they have tax loss carry forward.

    Note to self. Look for how much NYT has in unfunded pension liabilities and unfunded retired union worker health plan bennies.

    When she folds, the national pension funds will get stung.

    TABLOID LIVES MATTER

    Like

  47. JustaGuyNamedBob says:

    Everything that HATE filled people do to destroy President Trump ONLY further CEMENTS the American people to TRUMP. Hatred so deludes their flesh that they are not able to see how they are making Trump win.

    Yet Pharaoh’s heart became hard and he would not listen to them, just as the LORD had said. Exodus 7:13

    They know nothing, they understand nothing; their eyes are plastered over so they cannot see, and their minds closed so they cannot understand. Isaiah 44:18

    Oh Lord let this never happen to me, because I am frail also…

    Like

  48. numbersixdance says:

    No question it’s a hit piece…the NYT does not have the returns, just innuendo.

    Not smart…this opens up a lot of questions as to Biden and especially Hunter’s returns. Question will be brought up by Chrissy to PDJT and he will state that his tax return is prepared within the law. He will then spin it to Biden, his son and the $3.5MM payment. ….real question is will Chrissy shut down PDJT as out of order of will he make Biden respond?

    i say Chrissy will not allow PDJT to question slow Joe’s returns.

    Like

  49. Chieftain says:

    “Now let’s figure out how DC politicians making $200k/yr are able to become multi-millionaires while holding office.

    Anyone?”
    They buy or own land where federal projects e.g. highways, subways, train stops are going to be put in. They use their government jobs to provide advance knowledge and then benefit off that. Just like the stock insider trading that some do or the book deal/ media advances and payoffs it is all crooked as a dog’s hind leg.

    Like

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