Donald Trump is the only one that can legally release his tax returns. In this day and age, America has become a sort of a ‘banana republic,’ where many commit illegal acts and there seems to be no punishment.
“The only news here is that the more than 20-year-old alleged tax document was illegally obtained, a further demonstration that the New York Times, like establishment media in general, is an extension of the Clinton campaign, the Democratic Party and their global special interests,” the campaign said in a statement.
On Saturday evening, the New York Times — which recently endorsed Hillary Clinton for president — published three pages of Trump’s 1995 income tax documents.
“The pages were mailed last month to Susanne Craig, a reporter at The Times who has written about Mr. Trump’s finances,” the paper explained in the story. “The documents were the first page of a New York State resident income tax return, the first page of a New Jersey nonresident tax return and the first page of a Connecticut nonresident tax return.”
New York Times Didn’t Pay Taxes In 2014
According to CJ Pearson ,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.”
According to the GateWay Pundit ,Did the Obama IRS leak these documents too?
The corrupt Clinton supporting New York Times released an article today on Donald Trump’s taxes. The article reads:
The New York Times obtained three pages of Mr. Trump’s 1995 tax returns, for filings in New York, New Jersey and Connecticut, marking the first time any of his actual tax returns have been publicly revealed. They showed more than $900 million in losses that could have allowed him to avoid paying any federal income taxes for up to 18 years.
This is just another illegal act by the Clintons and Clinton cronies.
First of all, if the tax returns provided to the NYT were legit, it would be illegal for someone other than Mr. Trump or his designates to provide to anyone his tax returns or those of his companies without his permission.
Whoever provided these documents to the NYT may have committed a crime unless Mr. Trump gave them the authority to release his returns.
For the NYT to publish this information is also unethical if not criminal.
The NYT reported this past week that they support Hillary for President. For the NYT to report Trump’s tax information without his consent, is both unethical and most likely criminal.
This is not the first time that Democrats have accused Republicans of not paying their fair share in taxes. In the 1930’s, FDR started a campaign against prominent Republicans like du Pont, Merrill, Lynch, Westinghouse and others. FDR of course was a hypocrite who incurred the same tax loopholes in his returns that he accused others of incurring.
US Tax Law permits taxpayers to avoid taxes within the parameters of the law. If it is true that Mr. Trump offset future profits with past tax loss carryforwards, he is smart in doing so and well within the parameters of the law.
Mr. Trump has every right to claim tax loss liabilities, if legit and is smart to do so.
He would be a fool if he did not claim these liabilities. And Donald Trump is no fool.
Ultimately it is simply incredible for Liberal Democrats and their phony cronies to compare the alleged legal act of Mr. Trump in “legally” not paying taxes on profits due to past tax loss carry forwards and yet commit a crime by reporting on Trump’s taxes without his consent and then give the Clintons a pass on their criminal activities surrounding Whitewater, Travelgate, Filegate, Impeachment, Disbarment, Benghazi, the Clinton Foundation and Hillary’s illegal server and email activities, etc.