Monday, October 3, 2016
Hypocrisy of the New York Times
US Tax Law permits taxpayers to avoid taxes within the parameters of the law enacted by Congress. 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.
"The identified $916 million single year operating income loss is no different than current losses of Amazon, Facebook, Twitter and a host of other corporations and businesses.
What the New York forgets to mention:
Actually, Donald Trump’s 1995 loss is smaller than the operating loss the New York Times reported when it sold the Boston Globe in 2013 for a net loss of $1.03 billion.
The Times purchased the Boston Globe in ’93 for $1.1 billion and sold it in 2013 for $70 million, a loss of $1.03 billion. However, for some reason it’s doubtful the Times will publish their own 2013 tax returns. That doesn’t meet the political need."
New York Times Publishes Tax Returns of a Private Citizen, in Shallow Attempt To Assist Hillary Clinton…
Posted by Barbara at 9:54 AM