LTP News Sharing:
By Matt Vespa | Townhall.com
Source: AP Photo/Steve Helber
Leah and Julio wrote about the ‘bombshell’ tax story The New York Times published over the weekend. Also, it’s nothing we haven’t read before the paper did similar stories in 2016 and 2018, which no one read or cared about. Tax avoidance is not illegal, clowns. Thanks for playing and in the process—the Times actually helped Trump by exposing another aspect of the Russian collusion myth, which is that he did not have an unreported connection to Russia. I mean, it’s there in black and white, which liberal reporter Michael Tracey pointed out (via NYT) [emphasis mine]:
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.
The returns are some of the most sought-after, and speculated-about, records in recent memory. In Mr. Trump’s nearly four years in office — and across his endlessly hyped decades in the public eye — journalists, prosecutors, opposition politicians and conspiracists have, with limited success, sought to excavate the enigmas of his finances. By their very nature, the filings will leave many questions unanswered, many questioners unfulfilled. They comprise information that Mr. Trump has disclosed to the I.R.S., not the findings of an independent financial examination. They report that Mr. Trump owns hundreds of millions of dollars in valuable assets, but they do not reveal his true wealth. Nor do they reveal any previously unreported connections to Russia.
The big reveal, if you can call it that, is that President Trump only paid $750 in income taxes back in 2016. That’s it. I think Brett Kavanaugh throwing ice at a bar might be more of a ‘bombshell’ and that’s not saying much.
Tracey, a Russia collusion skeptic, pointed that out, much to the irritation of liberal reporters. I know there’s a lot of…crap to sift through with the media-manufactured tale of Russian collusion, but the withholding of tax records to hid Russia ties was the liberal media’s explanation for Trump’s refusal to do so.
“For years it was an article of faith among conspiracists that Trump withheld taxes in order to conceal sinister financial dealings with Russia. That’s now-debunked per New York Times,” wrote Tracey. “But don’t expect any acknowledgment: the conspiracies were always faith-based and therefore unfalsifiable.”
Now, are the taxes of the president newsworthy? Yes, but Tracey added that’s not the reason for the Left’s inquiry and it ended up boomeranging on them.
“It’s in the public interest to publish them, but c’mon: The New York Times essentially just exonerated him on the question of hidden debts to Russia.”
And those who keep peddling this Trump-Russia nonsense go unpunished. This story isn’t going to alter the election. We’ve all made up our minds over who we’re going to vote for months ago. It’s just a recycling of old stories, but with the added notion that the collusion delusion was never part of the equation here.
NYT Bombshell Essentially Boils Down to This: Trump Paid Millions in Taxes, Owes No Debt to Russia
BY STEPHEN GREEN | P J MEDIA
“Trump Paid Millions in Taxes” isn’t nearly as scandalous a headline as “Trump Paid Only $750 in Taxes,” although, to be fair, it does have the advantage of being true.
Alexandria Brown dug deep into the New York Times‘ story to see if there was any truth to the shrieking headlines:
As Brown further noted, “Trump PAID, as in transferred to the US Treasury, $1 million in 2016 and $4.2 million in 2017. Note also that most of the overpayment was rolled forward, not refunded.”
People who own and run businesses take losses in some years, and pay little or nothing in taxes, and make great sums in other years and pay much more in taxes.
They also take advantage of tax breaks, tax credits, and tax incentives — just like you and I do.
Here’s a screencap from the actual NYT report:
The Treasury was millions of dollars richer in 2016 and 2017, thanks to checks signed “Donald J. Trump.” But thanks to our overly complicated tax code, the line-item amount Trump technically paid for those years was $750.
Fact Check: Are you kidding us with this nonsense, NYT?
In reality, Trump has paid enough in taxes just this century to buy more than one $85 million F-35A Lightning II stealth strike jet.
I haven’t paid enough in taxes my entire working life to buy a single one of the $2 million helmets F-35 pilots wear.
Feeling like a bit of a slacker here on that score.
No, Nobody Really Cares About Trump’s Taxes
The real scandal here — aside from how awful and corrupt our tax laws are — is that someone in the federal government, presumably in the IRS, broke the law by leaking confidential tax returns.
I would remind you that while president, Barack Obama weaponized the IRS against conservative Tea Party groups.
You should also remember that this isn’t the first time the New York Times has run a tax-related hit-piece on Trump in the weeks before a presidential election.
The problem with hit pieces like these — aside from the fact that the NYT prefers to bury stories about corruption and tax avoidance by Democrats — is that they rarely work, politically.
Sometime around 1991 or ’92, the American people pretty much gave up on caring about ethics in our political class.
I mean, if we didn’t care about Bill Clinton’s bimbo eruptions and pot-smoking and his wife’s dodgy investments, then it’s pretty clear that ethics as a national concern… isn’t.
It doesn’t say anything good about us as a serious nation that we went in short order from giving Clinton a bye for some serious personal foibles, to electing Barack Obama, whose presidential ambitions were launched in the living room of a domestic terrorist.
While he was serving as vice president, Joe Biden got a top Ukrainian prosecutor fired “whose office had investigated the Burisma owner by threatening to withhold $1 billion in loan guarantees.”
At the time, Biden’s son Hunter worked for Burisma to the tune of millions of dollars.
Joe Biden even boasted about getting a good man fired for daring to look into corruption at the energy firm that employed his own son. The New York Times shrugged at the news.
In fact, Hunter was up to all sorts of no good while snuggled safely under the veep’s wing.
Or as Mike Cernovich quipped, “Democrats are mad at Trump because he followed the tax laws passed by the Obama administration.”
We let all those obvious corruptions slide, and now we’re supposed to get all excited over the fact that Donald Trump…
…followed the tax code and paid what he owed plus million more in advance of when he owed it?
That’s the scandal?
Author: Frances Rice