Taking Back America

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Trump Taxes | Media hypocrisy and what Hillary Clinton didn’t tell you

Views Ahead Of The First Presidential Debate At Hofstra University
 

Media hypocrisy ‘laid bare’ over Trump taxes

By Bob Unruh | 3 October 2016

Did you hear about the presidential candidate who used a provision of the U.S. tax code that allows for a reduction of tax liabilities due to a net loss?

It was Hillary Clinton, whose 2015 tax forms show a “net long-term capital (loss)” of $699,540.

Oh, yes, Donald Trump did it, too, though on a much larger scale because of the size of his business.

So, both candidates did more or less the same thing. But what were the weekend headlines after the New York Times obtained and published Trump’s documents?

“Donald Trump and his allies struggle to move past tax revelation,” from the Times.

“Why Donald Trump’s new tax revelations are so damaging,” from MSNBC.

“Donald Trump can’t shut down New York Times tax-leak showing he lost nearly $1 billion in 1995,” from the Daily Beast.

“Tax troubles threaten Trump as election day nears,” from the Los Angeles Times.
 
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What Clinton didn’t tell you about Trump’s taxes

By Devvy Kidd | 3 October 2016

During the Sept. 26, 2016, debate, Hillary Clinton blasted Donald Trump for not paying income taxes! He doesn’t support our troops! Not to be outdone, The Donald immediately fired back, saying not paying taxes makes him smart. Oh, the firestorm that followed. Trump doesn’t pay his “fair share”! OK, let’s examine the federal “income” tax.

Laws for the IRS, aka the Gestapo, are written by lawyers for Congress critters. Many in Congress are lawyers, so they should understand what they vote on regarding regulations for any agency. Mrs. Clinton was a lawyer, so she, too, should be aware of what is covered in the IRC (Income Tax Code).

It should be noted the New York Times illegally obtained three pages of Trump’s 1995 personal tax returns – page one from a New York state resident income tax return, page one from a New Jersey nonresident tax return and page one from a Connecticut nonresident tax return. The big revelation by the Times involving 20-year-old documents isn’t quite as earth-shattering as the paper would like you to believe. Lawfully taken deductions can be complicated under the tax code.
 
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