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New York Times Paid No Taxes in 2014


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The New York Times has excited the Clinton campaign and the rest of the media with a revelation that Republican nominee Donald Trump declared a $916 million loss in 1995 that might have resulted in him not paying taxes in some subsequent years. The implication, reinforced by CNN’s Jake Tapper on State of the Union on Sunday morning, is that Trump “avoided” paying taxes, when in fact his tax liability was zero.

 

But the Times itself has “avoided” paying taxes — in 2014, for example.

 

As Forbes noted at the time:

 

… for tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014. In other words, their post-tax profit was higher than their pre-tax profit. The explanation in their 2014 annual report is, “The effective tax rate for 2014 was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.” If you don’t think it took fancy accountants and tax lawyers to make that happen, read the statement again.

 

New York Mayor Rudy Giuliani defended Trump on Sunday, telling NBC News’ Meet the Press that Trump was a “genius” in business who was simply doing what the tax code allows every American to do by counting losses against tax liabilities, and bouncing back from failure to success.

 

That would include the New York Times — which, however, is still struggling.

 

As Jazz Shaw of HotAir.com notes, the Times — or whoever was its source — likely obtained Trump’s tax document illegally.

 

The ongoing IRS scandal, in which the federal government targeted conservative organizations, involved several cases in which the agency illegally shared taxpayer information with other branches of government, and in one case leaked taxpayer information to a conservative organization’s political opponents. In 2008, the confidential tax information of Joe “the Plumber” Wurzelbacher, who emerged as a critic of then-Sen. Barack Obama, was leaked illegally by an Ohio state official.

 

OH, THE HYPORCICY !

pxxTzordzyo.jpg

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Is the NYT running for president?

Lmao

Poor Mack. Afraid of the truth getting out about Trump.

Too late. Damage is done.

Typical for Trump supporters ..whenever anyone proves something dubious about Trump..his sheep feel compelled to attack the source.

Baaaaa Mr. Sheep. BAAAAAAAAAA

So 21 years ago he lost close to a $ 1 billion in business...

 

Just yesterday you claimed that Clinton's comments in February was "way in the past"

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So 21 years ago he lost close to a $ 1 billion in business...

 

Just yesterday you claimed that Clinton's comments in February was "way in the past"

God you are dumb. Trump says he paid federal taxes. Now we have proof he didn't.

And you don't think this is a big deal.

Ha ha ha ha

The best part is that the smoking gun came directly from someone from the Trump camp.

OCTOBER SURPRISE MOTHERFUCKERS.

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God you are dumb. Trump says he paid federal taxes. Now we have proof he didn't.

And you don't think this is a big deal.

Ha ha ha ha

The best part is that the smoking gun came directly from someone from the Trump camp.

OCTOBER SURPRISE MOTHERFUCKERS.

So he hasn't paid federal taxes in 21 years?

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Is the NYT running for president?

George Bush could walk on water and ultraliberals would knock him for not being able to swim. On the other hand, Barack Obama could get caught getting a car date from a minor White House intern and the ultraliberals would blame the REPUBs...saying the President was set up and forced into it and Fox News was racist for reporting it. And in their ultraliberal minds they would really believe it all !

 

The ultraliberal agenda driven media is not going to let the first Afro-American President fail...no matter what, even if he negotiates with terrorist illegally behind Congress back ! In ultraliberalville GWB was personally responsible for the massive Katrina disaster but our Commander-in-Chief is not responsible for the Benghazi fiasco.

.

 

TALKING%20TO%20A%20WALL_zpsydbtchi3.jpg

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Clinton Campaign Admits Hitlery Rotten Used Same Tax Avoidance "Scheme" As Trump



Well this is a little awkward. With the leaked 1995 Trump tax returns 'scandal' focused on the billionaire's yuuge "net operating loss" and how it might have 'legally' enabled him to pay no taxes for years, we now discover none other than Hitlery Rotten Clinton utilized a $700,000 "loss" to avoid paying some taxes in 2015.



20161002_hillarytax_0.jpg


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The New York Times has excited the Clinton campaign and the rest of the media with a revelation that Republican nominee Donald Trump declared a $916 million loss in 1995 that might have resulted in him not paying taxes in some subsequent years. The implication, reinforced by CNN’s Jake Tapper on State of the Union on Sunday morning, is that Trump “avoided” paying taxes, when in fact his tax liability was zero.

 

But the Times itself has “avoided” paying taxes — in 2014, for example.

 

As Forbes noted at the time:

 

… for tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014. In other words, their post-tax profit was higher than their pre-tax profit. The explanation in their 2014 annual report is, “The effective tax rate for 2014 was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.” If you don’t think it took fancy accountants and tax lawyers to make that happen, read the statement again.

 

New York Mayor Rudy Giuliani defended Trump on Sunday, telling NBC News’ Meet the Press that Trump was a “genius” in business who was simply doing what the tax code allows every American to do by counting losses against tax liabilities, and bouncing back from failure to success.

 

That would include the New York Times — which, however, is still struggling.

 

As Jazz Shaw of HotAir.com notes, the Times — or whoever was its source — likely obtained Trump’s tax document illegally.

 

The ongoing IRS scandal, in which the federal government targeted conservative organizations, involved several cases in which the agency illegally shared taxpayer information with other branches of government, and in one case leaked taxpayer information to a conservative organization’s political opponents. In 2008, the confidential tax information of Joe “the Plumber” Wurzelbacher, who emerged as a critic of then-Sen. Barack Obama, was leaked illegally by an Ohio state official.

 

OH, THE HYPORCICY !

pxxTzordzyo.jpg

 

 

LINK?

 

OLD WACK JOB never posts links because he edits stories with LIES!

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Clinton Campaign Admits Hitlery Rotten Used Same Tax Avoidance "Scheme" As Trump

Well this is a little awkward. With the leaked 1995 Trump tax returns 'scandal' focused on the billionaire's yuuge "net operating loss" and how it might have 'legally' enabled him to pay no taxes for years, we now discover none other than Hitlery Rotten Clinton utilized a $700,000 "loss" to avoid paying some taxes in 2015.

20161002_hillarytax_0.jpg

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Is the NYT running for president?

Lmao

Poor Mack. Afraid of the truth getting out about Trump.

Too late. Damage is done.

Typical for Trump supporters ..whenever anyone proves something dubious about Trump..his sheep feel compelled to attack the source.

Baaaaa Mr. Sheep. BAAAAAAAAAA

Tell us, what law did Mr. Trump break?

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Clinton Campaign Admits Hitlery Rotten Used Same Tax Avoidance "Scheme" As Trump



Well this is a little awkward. With the leaked 1995 Trump tax returns 'scandal' focused on the billionaire's yuuge "net operating loss" and how it might have 'legally' enabled him to pay no taxes for years, we now discover none other than Hitlery Rotten Clinton utilized a $700,000 "loss" to avoid paying some taxes in 2015.



20161002_hillarytax_0.jpg






03_OCT.jpg


Run-away-screaming.gif



Ha!


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