This latest hit piece against the POTUS from the propaganda press is truly despicable. Naturally the New York Times will not release any of the data or information about their sources, that they claim to have in their possession. The NY Times has said that it will not make Trump’s tax-return data public to protect its sources “who have taken enormous personal risks to help inform the public.” What a joke.
US tax law is torturous and meandrous.. There are myriad ins and outs – who would fault him for employing them? Everybody does. If the New York Times has a problem with tax offsets, depreciation, losses etc then they should support a flat tax for everyone.
How convenient to release this garbage two days before the debates. This is just like the hit piece from the Atlantic, which also quoted anonymous sources about Trump disparaging fallen soldiers. When will the MSM be held accountable for their perfidy, corruption, and malfeasance? Why are they allowed to defame people with impunity?
— John Roberts (@johnrobertsFox) September 27, 2020
Read that closely. 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. The $750 figure is an ADDITIONAL $750. Thus every single story saying he paid $750 is a lie.
— alexandriabrown (@alexthechick) September 28, 2020
Trump calls New York Times report that he avoid paying taxes ‘totally made up’
‘Everything was wrong, they are so bad,’ Trump said
By Fox News, September 27, 2020
President Trump lambasted a New York Times report that said he paid no federal income taxes for 10 of the past 15 years, calling the story “fake news” and arguing that he paid large federal and state taxes.
“Its fake news, it’s totally made up,” Trump said Sunday during a press briefing less than an hour after the story broke in the newspaper. “Everything was wrong, they are so bad.”
According to the New York Times report, Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid $750 in taxes to the federal government the year he was elected and $750 again his first year in office.
The disclosure, which the Times said comes from tax return data extending over two decades, comes at a pivotal moment ahead of the first presidential debate Tuesday and a divisive election.
Trump, whose net worth is claimed to be in the billions, denied that he paid such a small amount in taxes.
“I’ve paid a lot and I’ve paid a lot state income taxes too,” he said.
Even before being elected to the White House in 2016, Trump was heavily criticized for not releasing his tax filing. He has claimed multiple times that he is under a routine audit by the Internal Revenue Service and will release his filings once the audit is over.
“I’m under audit,” Trump said Sunday. “They’re doing an assessment.”
A lawyer for the Trump Organization, Alan Garten, also denied to the New York Times that the president paid such a small amount of taxes – saying in a statement obtained by Fox News that Trump “has paid tens of millions of dollars in personal taxes to the federal government, including paying millions in personal taxes since announcing his candidacy in 2015.”
“The New York Times’ story is riddled with gross inaccuracies. Over the past decade the President has paid tens of millions of dollars in personal taxes to the federal government,” Garten said. “While we tried to explain this to the Times, they refused to listen and rejected our repeated request that they show us any of the documentation they purport to be relying on to substantiate their claims.”
He added: “Obviously this is just part of the Times’ ongoing smear campaign in the run up to the election.”
The New York Times did not release the copies of Trump’s tax filings they had received, saying they were protecting sources.
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