Historian says Trump should prove NYT report on his taxes is 'fake news'

AngryCanadian

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A woke Historian says Trump should prove NYT report on his taxes is 'fake news' literally the Canadian media is spending to much with the American election and obsession with Trump then focusing on JT current scandals.

Literally CTV brought out a woke Historian who said that Trump must prove that NYT report on his taxes is fake news. dont these woke histrorans know how taxes work?

Source
 
Leftists are just mad because they wish they can get away with not paying income tax for so long.
 
This is tough break just a day before debate and Trump campaign can not completely avoid responding to the latest NYT hit piece. But bigger risk could be that this would also point public attention to news of Trump's ex campaign manager's detention/money laundering allegations that may have been the aim of media leaks also and could cause bigger political damage. Won't be surprised if Trump tweeted about Ilhan or some other headlines grabbing topic to distract public attention away from this messy story at a crucial time.
 
This is tough break just a day before debate and Trump campaign can not completely avoid responding to the latest NYT hit piece. But bigger risk could be that this would also point public attention to news of Trump's ex campaign manager's detention/money laundering allegations that may have been the aim of media leaks also and could cause bigger political damage. Won't be surprised if Trump tweeted about Ilhan or some other headlines grabbing topic to distract public attention away from this messy story at a crucial time.

This is all to avoid and not to mention the protests/rioting at the debate and they will be focusing on Trump taxes Biden will be still blaming Trump for all the covid deaths. The debate nor Biden wont mention BLM rioters or how they were causing the damage and rioting among crime committed this months a bit of odd that this taxing report came out.

Biden has a problem in the debate, if Biden takes the knee or bends for the BLM during the debate and tells Trump to do same for racial justice i dont see this playing out well for Biden.
 
Seems like a slam dunk move on the day of the debate to just... release his taxes and prove that it's all a lie
 
Seems like a slam dunk move on the day of the debate to just... release his taxes and prove that it's all a lie

Isnt that NYT Report a same one from 2016? i remember Madow trying her best to her audience talking about Trump's taxes that didn't go well.
 
Trump should ignore it.

Then slowly and quietly go after the "leakers" with sedition, since tax returns are private, and the only way to get ahold of them is to have someone in the IRS look them up and give them to you.

It's been four years of the beginning of the end for Trump.

Surely this will stop the Trump Train.
 
Isnt that NYT Report a same one from 2016? i remember Madow trying her best to her audience talking about Trump's taxes that didn't go well.

Does that have anything to do with whether or not it's a slam dunk move to release them?
 
Does that have anything to do with whether or not it's a slam dunk move to release them?

Nobody cares except the rabid left, who will still be rabid tomorrow, release/disprove, or not.

Trump has every right, and I am sure he will, to use lawyer speak and drivel to fly past every request for confirmation/denial by the press.

Even if this was real, the press has put out so many outrageous stories, it doesn't matter anymore.

HE doesn't need to do anything.

And some hater of his on the internet advocating stupid strategy does not make following their advice any more brilliant.
 
Those on RPF who hate taxes but also hate Trump are having a difficult time figuring out how to respond to this illegal leak of IRS records.

Notice [MENTION=47542]enhanced_deficit[/MENTION] is a troll so his responses are to be expected.
 
Those on RPF who hate taxes but also hate Trump are having a difficult time figuring out how to respond to this illegal leak of IRS records.

Notice [MENTION=47542]enhanced_deficit[/MENTION] is a troll so his responses are to be expected.

He bumped his own thread three times to try to run the narrative.
 
He bumped his own thread three times to try to run the narrative.

^this

related:
https://media.thedonald.win/post/fpajHoCd.jpeg
fpajHoCd.jpeg



related to explosive tax return story, may be damaging to anti-GOPAdelson MSM agenda if true:

Ron Paul Liberty Report: NYT purveyor of MSM disinformation not always unreliable:
 
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It looks like he followed the rules. If someone is mad, vent your anger at the politicians who made the rules.

This is the lamest story.
 
Seems like a slam dunk move on the day of the debate to just... release his taxes and prove that it's all a lie

The report wasn't a lie, it was the headlines and how they covered it.

According to the report, Trump PAID about $6 million in personal income taxes. But since he lost money, because he was running a campaign and being President, his personal income tax obligation was only $750... So he let the IRS keep the money to be used against future tax obligations. Of course that doesn't include the tens of millions of dollars in taxes that his businesses produced and paid.

So basically what the report found was nothing. It's a big nothingburger, and the real story is that after looking at Trump's tax returns, they found that he was totally clean.

 
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According to the report, Trump PAID about $6 million in personal income taxes. But since he lost money, because he was running a campaign and being President, his personal income tax obligation was only $750... So he let the IRS keep the money to be used against future tax obligations. Of course that doesn't include the tens of millions of dollars in taxes that his businesses produced and paid.

Not quite. The report said that for tax years 2005-2007 he paid $70.1 million in federal income tax. He also paid $24.3 million in alternative minimum tax for seven years between 2000 and 2017. But in 2010 he claimed a refund of $72.9 million, based upon alleged business losses of $1.4 billion. Assuming the losses were genuine he was entitled to carry them back to prior years and receive a refund.

But a refund of that size has to be approved by the Joint Committee on Taxation, a bipartisan congressional committee. It apparently did so based on an audit that was sent to it before approving the refund but that was reopened after the refund was made and that has remained open to this day. The sticking point may be claimed losses of $700 million for 2009 relating to Trump's alleged abandonment of a partnership interest that may be related to his failed Atlantic City casinos. Far from finding that Trump was "totally clean", the legitimacy of the refund and the claimed losses has yet to be finally determined.

As far as the "tens of millions of dollars in taxes that his businesses produced and paid", the fact is that Trump's businesses lost tons and tons of money, not to mention that most of them are flow-through entities (such as limited liability companies) that pay no federal income tax anyway. The only taxes these entities would likely have paid were employment taxes and various local taxes.
 
Since the Income Tax is unconstitutional, Trump is right not to pay Taxes.
 
Not quite. The report said that for tax years 2005-2007 he paid $70.1 million in federal income tax. He also paid $24.3 million in alternative minimum tax for seven years between 2000 and 2017. But in 2010 he claimed a refund of $72.9 million, based upon alleged business losses of $1.4 billion. Assuming the losses were genuine he was entitled to carry them back to prior years and receive a refund.

But a refund of that size has to be approved by the Joint Committee on Taxation, a bipartisan congressional committee. It apparently did so based on an audit that was sent to it before approving the refund but that was reopened after the refund was made and that has remained open to this day. The sticking point may be claimed losses of $700 million for 2009 relating to Trump's alleged abandonment of a partnership interest that may be related to his failed Atlantic City casinos. Far from finding that Trump was "totally clean", the legitimacy of the refund and the claimed losses has yet to be finally determined.

As far as the "tens of millions of dollars in taxes that his businesses produced and paid", the fact is that Trump's businesses lost tons and tons of money, not to mention that most of them are flow-through entities (such as limited liability companies) that pay no federal income tax anyway. The only taxes these entities would likely have paid were employment taxes and various local taxes.

I'm talking about 2016/2017, that is what the headlines are talking about, Trump only paying $1,500 in income taxes over two years when he actually paid about $6 million. $1,500 is just what he owed. If people don't like it, talk to Joe Biden.
 
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