posted September 30, 2016 03:10 PM            

This space reserved for the discussion of the good, bad or ugly video!

posted October 02, 2016 02:41 PM            

Help him or hurt him?

posted October 02, 2016 03:10 PM            

Would you suggest Trump not take allowable tax deductions to offset his gross income? Would you suggest Trump did something wrong in carrying forward losses from past years to offset gross income in present year(s).

posted October 02, 2016 03:17 PM            

What would she have Implemented were she honest, since the implication is her ideas are just fantasies?

posted October 02, 2016 03:23 PM            

The New York Times Paid No Taxes in 2014
Joel B. Pollak
2 Oct 2016

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.

New York Mayor Rudy Giuliani defended Trump on Sunday, telling NBC News’ Meet the Press that Trump was a “genius” in business who was simply doing what the tax code allows every American to do by counting losses against tax liabilities, and bouncing back from failure to success.

That would include the New York Times — which, however, is still struggling.

As Jazz Shaw of HotAir.com notes, the Times — or whoever was its source — likely obtained Trump’s tax document illegally.

The ongoing IRS scandal, in which the federal government targeted conservative organizations, involved several cases in which the agency illegally shared taxpayer information with other branches of government, and in one case leaked taxpayer information to a conservative organization’s political opponents.

posted October 02, 2016 05:54 PM            

If he didn`t pay fed taxes, then he has no right to say how it is spent. Especially when he didn`t contribute to the feds funds to keep the wheels turning.
Yet he complains on.... That my friends, makes him look sillier.

posted October 03, 2016 04:45 PM            

Hillary The Corrupt AND the New York Times are wheezing, whining, screeching and shrieking about Trump carrying forward business losses to offset net income earned in future years.

Hey Hillary The Corrupt supporters, pay attention now.

Both the New York Times and Hillary The Corrupt did exactly the same damned thing. Hillary carried forward a business operating loss of almost $700,000 to offset income in 2015...just last year. Hillary has such a short memory!

October 3, 2016
Trump’s tax loss carry forward is so despicable that the New York Times and Hillary Clinton both used the same provision
Thomas Lifson

The Sunday edition front-page hit-piece story the New York Times did on Donald Trump’s potential use of the loss of nearly a billion dollars on one year to shield taxes in other years was designed to persuade morons. There is no substantive scandal at all. The tax provision (a “scheme” when used by Trump) that Trump employed has also been used by Hillary Clinton and the New York Times (in which cases it is fully in accord with the law) . Zero Hedge:

Well this is a little awkward. With the leaked 1995 Trump tax returns 'scandal' focused on the billionaire's yuuge "net operating loss" and how it might have 'legally' enabled him to pay no taxes for years, we now discover none other than Hillary Rodham Clinton utilized a $700,000 "loss" to avoid paying some taxes in 2015. (snip)

the NYT itself is also perfectly happy to take advantage of the US tax to minimize the amount of money it pays to the government: in 2014 the company got a tax refund of $3.6 million despite having a $29.9 million pretax profit, an effective negative tax rate for 2014, which it explained 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.

The real purpose of the Times piece was to reinforce the Hillary campaign-generated meme that “Trump paid no taxes,” regarded as persuasive to those who do pay income taxes. Of course, the Democrat base disproportionately includes the nearly half of Americans who do not pay income taxes. And Mitt Romney was pillaged as a snob and worse for noticing.

Incidentally, when the fact that the most burdensome tax of all exempts half the population, Democrats always insist that the exempt half pays Social Security and sales taxes, where applicable. Well, Trump pays gigantic tax bills for his many high-end properties. "He pays no taxes" is a lie.

But the Times, which likes to tout its readership to advertisers as smart and high-income, wrote a major story that does not stand up to scrutiny and is designed to appeal to the kind of readers it says it doesn’t have. Except that Trump Derangement Syndrome is so widespread that most Times readers no doubt nodded their heads and ageed that Donald Trump is a terrible man.

posted October 03, 2016 07:07 PM            

As per usual. If anyone else does it they're crooks but He is only playing by the rules

posted October 04, 2016 02:46 AM            

Obama was following the rules too. Not ok by Dumpty. Nor does he like it when anyone else does the same as he has taken "Smarts Credit" for.

Do as I say indeed.

http://mobile.nytimes.com/2016/10/03/us/politics/trump-taxes-twitter.html?smid=fb-nytimes&smtyp=cur&referer=http://lm.facebook.com/lsr.php?u=http%3A%2F%2Fwww.nytimes.com%2F2016%2F1 0%2F03%2Fus%2Fpolitics%2Ftrump-taxes-twitter.html%3Fsmid%3Dfb-nytimes%26smtyp%3Dcur&ext=1475562833&hash=AclVZwCKsYY78XU2H_wVVOsEJJCm0SF19RcZRUm8af8kwg&_rdr

posted October 04, 2016 11:05 AM            

Grand Canyon-Sized Hypocrisy From Hillary and the New York Times
Jeffrey Lord
October 4, 2016

Clinton guilty of the tax avoiding she charges Trump with; Times paid no 2014 taxes.

Be careful what you wish for goes the old admonition.

The New York Times front-paged a story on three pages (illegally obtained) of Donald Trump’s taxes, suggesting that Trump used the tax code to escape paying taxes. The Clinton campaign (aka central HQ at the Clinton campaign as opposed to its media arm at the Times) jumped in to say this with a Hillary tweet:

Trump “apparently got to avoid paying taxes for nearly two decades — while tens of millions of working families paid theirs.”

Ahhhh. But wait. Now we find out this, courtesy of the financial blog Zero Hedge:

Clinton Campaign Admits Hillary Used Same Tax Avoidance “Scheme” As Trump

Yes, you read that right. By putting up Hillary’s taxes on her website, the Clinton campaign admitted a very interesting fact if one takes a look at page 17 of Hillary’s 2015 tax filing. Reporter Tyler Durden wrote up his scoop this way:

Well this is a little awkward. With the leaked 1995 Trump tax returns ‘scandal’ focused on the billionaire’s yuuge “net operating loss” and how it might have ‘legally’ enabled him to pay no taxes for years, we now discover none other than Hillary Rodham Clinton utilized a $700,000 “loss” to avoid paying some taxes in 2015.

Yes, you read that right. Hillary Clinton cheated, to borrow her own language, “millions of working families” who pay taxes by using precisely the same tax code loophole as Trump to keep from paying a higher tax bill in 2015. Durden continues (bold and underlined print in the original):

While not on the scale of Trump’s business ‘operating loss’, Hillary Clinton — like many ‘wealthy’ individuals is taking advantage of a legal scheme to use historical losses to avoid paying current taxes.

As Bloomberg notes, this federal tax break is among the wealthy’s most used avoidance schemes…

Those 1.1 million folks in the 1 percent, as measured by the TPC, have annual income that averages a little less than $700,000. The top one-tenth of that group, some 110,000 households, average about $3.6 million, according to Howard Gleckman, a senior fellow at the TPC.2

The middle of the pack, some 33 million people, have pretax income ranging from $45,000 to $80,000. The lowest one-fifth of taxpayers, a universe of about 47 million Americans, have income up to about $24,000.

Among the biggest of these givebacks, courtesy of the Internal Revenue Service (well, really Congress), are capital gains and dividends — these are the biggest way the wealthiest benefit.

In the words of Hillary Clinton’s campaign manager, ‘this bombshell report reveals [Hillary Clinton’s] past business failures… and may show just how long [Hillary Clinton] may have avoided paying taxes.’”

So Hillary Clinton — how awkward indeed — has used exactly the same tax rules as Trump is alleged to have used, and used them successfully to avoid paying her federal taxes.

But there’s more in this exploding minefield of a story that the Times has stepped into. Get a load of this from Forbes in January of 2016, hat tip to Breitbart, bold print supplied:

New York Times Hypocrisy On Corporate Taxes Reaches Record High

Forbes contributor Jeffrey Dorfman reveals:

The New York Times just ran an op-ed by their editorial board decrying corporate inversions on the grounds that taking advantage of the tax code is somehow unpatriotic.

The particular case that got the ire of The New York Times was Johnson Controls, the Milwaukee-based auto parts maker, selling itself to Ireland-domiciled Tyco International which will save it at least $150 million annually in U.S. taxes. The Times should be the last organization to criticize others for benefiting from the tax code.…

Apparently, The New York Times believes companies should take no actions in order to lower their tax rates.…

However, I do not need to lecture The New York Times on that topic because it knows that lesson well. After all, the newspaper of record has its headquarters in a building built on land seized by the government under the power of eminent domain from ten different owners, some of whom did not want to sell, implying that the government exercise of power saved the developer money. In addition to that benefit, The New York Times also received $26 million in tax breaks in exchange for keeping jobs in New York City.

More recently, 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.

So. What do we have here?

What we have are Hillary Clinton and the New York Times both trying to make a big deal out of Trump’s using the existing tax code — quite legally — to lessen his tax bill. Except, alas and anon, we now find out that both Hillary and the Times have done exactly the same thing!

Mama Mia! Grand Canyon-sized hypocrisy from Hillary and the Times. You can’t make this stuff up — even when you expect exactly this kind of wildly hypocritical behavior from both.
http://spectator.org/hypocrisy-alert-hillary-new-york-times-caught-avoiding-taxes/

posted October 04, 2016 12:48 PM            

AND, before anyone says private servers aren't "illegal", let's add that conducting State Department business, including receiving and transmitting secret and top secret information IS a federal felony.

posted October 04, 2016 01:40 PM            

How DOES one release what they have deleted? If you know please instruct.

posted October 04, 2016 01:48 PM            

On the other hand, all government business conducted on Hillary The Corrupt's private server IS government property. As such, Hillary The Corrupt had a duty to save those emails as part of the government records.

Beyond that, Hillary obstructed justice by deleting 33,000 emails which were under subpoena by a US House of Representatives Committee.

Hillary The Corrupt has a legal duty to produce those 33,000 deleted emails.

posted October 04, 2016 02:10 PM            

How much more taxpayer money do you want to donate to this ridiculousness? There is no there there, as usual. Or shall we also interrogate Powell and Rice? And where are the lost millions of emails destroyed by the Bush administration?

He himself has,admitted that he doesn't want his taxes published because it would "hurt him" just as with Romney. Again, he is telling you everyday who he is but be a use he's Not Hillary you overlook it

posted October 04, 2016 03:05 PM            

That's the equivalence between Hillary The Corrupt's 33,000 illegally deleted emails and Trump's tax returns.

posted October 05, 2016 06:58 PM            

Right now, your individual share of the national debt exceeds $60,000. You didn't contract for a dime of that debt. Brain dead morons did it in your name.

By the time a child born today reaches age 24, their share of the national debt will exceed $142,000...if the national debt continues to grow at the same rate as today.

posted October 06, 2016 06:46 AM            

The Clintons and Obamas have no bigger supporter and friend than Warren Buffet, and while Hillary is quick to label Trump a tax cheat, he’s a rank amateur compared to folks that donate to her coffers.

Looking through Warren Buffet’s business’s tax return information reported in his 2015 annual report, we find out that while we the people pay taxes, Berkshire Hathaway (currently trading at $215,750 for just one share) pays “hypothetical” taxes.

First let’s look at earnings before taxes for Berkshire Hathaway. Everybody knows that the Clinton compatriot is successful so it’s no surprise that his company made a before tax profit in 2015 of just under $35 billion. On this money they recorded a current tax of $5.426 billion or about 15%. The top corporate tax rate for 2015 was 39%, and Hillary wants to raise it even higher because that’s only fair.

Is it fair that her friends pay only 15%? I remember Buffet complaining that his secretary pays higher taxes than Romney. He didn’t mention that she pays substantially more than Buffet himself and his company.

It’s interesting that the Berkshire Hathaway Annual Report sheds some light on how friends of Obama and Hillary cheat the system. Maybe Trump should pay attention. In 16 states, “Income tax expense is reconciled to hypothetical amounts computed at the federal statutory rate…” For Hillary’s friends, “hypothetical tax rate” is defined as the rate the little people pay. Warren Buffet then takes this hypothetical amount of about $12 billion and reduces it by credits and dividend deductions and non-taxable exchanges to get down to $10.532 billion. So they’ve already cheated the taxpayers out of almost $2 billion. It’s not called cheating when Hillary and her friends do it but it is when Trump and his friends do it.

Next, they use undisclosed tax maneuvers to “cheat” the taxpayers out of another $5.106 billion in “deferred taxes”, leaving only $5.426 billion in current incurred taxes on the $34 billion profit. But it doesn’t stop there. Digging deeper we find out that they paid only $4.535 billion in taxes during the year and they seem to think they have another $643 million in refunds coming back.

This is starting to sound like a Ronco commercial, “But wait! There’s more!” Those deferred taxes didn’t just happen in 2015. They’ve been happening for years. How much of our taxpayer money has been “deferred”?

$63,126,000,000!

Yes, that’s sixty-three billion dollars of taxpayer money that just one of Hillary’s supporters is holding on to.

But wait! There’s still more! Warren Buffet isn’t happy with 15% tax rates and $63 billion of cash in his pocket. He wants more and is fighting to keep what he has. Again from his own financial report:

We file income tax returns in the United States and in state, local and foreign jurisdictions. We are under examination by the taxing authorities in many of these jurisdictions. We have settled tax return liabilities with U.S. federal taxing authorities for years before 2010. The IRS continues to audit Berkshire’s consolidated U.S. federal income tax returns for the 2010 and 2011 tax years and has commenced an examination of the 2012 and 2013 tax years. We are also under audit or subject to audit with respect to income taxes in many state and foreign jurisdictions.

Like Trump, he is under audit all the way back to 2010.

Pay to play schemes aren’t limited to the Clinton Foundation. It’s interesting to note that Berkshire Hathaway bought Secretary of State John Kerry’s wife’s business for $23 billion recently. Hillary, apparently, isn’t the only Democrat to have timing coincidences involving major financial transactions and political appointments.

The Daily Caller has an article calling out other Clinton supporters avoiding literally trillions of dollars of taxes but it doesn’t stop with the likes of Apple. Clinton and Obama’s friends don’t just pay hypothetical taxes, they play by hypothetical rules.

As for Trump’s billion-dollar tax scheme? Hillary’s friends like Warren Buffet call that walking around money.

posted October 06, 2016 01:26 PM            

Of course Clinton may be right...his taxes may actually show he's not worth what he claims.