America has trillions of dollars of debt because of greedy politicians and the New York Times feels they NEED to look up and report on unauthorized tax information of a sitting president when he was a civilian – for what? What’s the end game here?
The #FakeNews media is apoplectic discussing a NY Times story on Donald Trump’s 1985 – 94 taxes. He wrote off a $ Billion in losses over 10 years WITHIN businesses that made money. He took risks & cleverly used the tax code. That’s something to be admired. https://t.co/vCgV95sftA
— David Burke (@ConservativeTht) May 8, 2019
To be clear, The Times did not obtain President Trump’s actual tax returns; rather they obtained printouts from his IRS transcripts with numbers from his tax form, 1040, from an individual who had legal access to them. Access is not an authorization to release them. The Times also proves that it no longer understands finance.
NYT, you are aware that your source committed a crime, and you have no legal protection to keep your source’s anonymity. You are an accessory if you do. There is absolutely no public interest or need to know about 30-year-old taxes.
So their source is willing to go to jail for illegal release of tax forms, for 20-30-year-old tax returns?
26 U.S. Code § 7213 — It shall be unlawful for any person to whom any return or return information (as defined in section 6103(b)) is disclosed in a manner unauthorized by this title thereafter willfully to print or publish in any manner not provided by law any such return or return information. Any violation of this paragraph shall be a felony punishable by a fine in any amount not exceeding $5,000, or imprisonment of not more than 5 years, or both, together with the costs of prosecution.
The response to NYT is to question how much of their salaries do they donate to charities and good causes? I doubt any journalist, author, editor or NYT’s executives give a fraction of what Trump does, every year, or physically and emotionally demonstrates the care and concern Trump has for every American and especially for American Service Providers and Military.
I’m sure the NYT and their communist allies have President Trump’s next ten years of tax returns as well, but they will never release them. They would show the massive gains and profits realized by Trump and his enterprises that were the direct result of the positioning Trump did in the decade ending in 1994. He acquired significant assets on the cheap after the 1990 recession — which hit the real estate sector particularly hard.
— Tom Fitton (@TomFitton) May 8, 2019
And for the record, Trump has never filed for bankruptcy personally. Businesses under his ownership did twice — both times for Chapter 9 reorganization, as I recall. Trump wasn’t like Mitt Romney and Bain Capital, which went around buying a business, closing them down, and selling off the parts.
It is impossible to assess and understand the operation, management, assets, various revenue streams, valuations and financial actions of significant business ventures through income tax summaries. One couldn’t fully understand all revenues, investments, assets, expenditures of families who calculate deductions via tax summaries.
Look at the losses of Google, Facebook, Amazon and the rest; they were all losing billions of dollars year after year until they started making a profit. Must be nice to create a company that losses billions to get a monopoly then start selling private info, overprice advertising, etc.
I’m not sure how they make any money, maybe it’s just a payoff scam system where big money comes in to be laundered and comes back by working with government and stocks. Who knows. The Wall Street guys look for people that will work with them on screwing others, so maybe that’s why they picked facebook over myspace.
I mean it’s such a simple thing: why is nobody else doing it?
I’m willing to bet that this “person who had legal access to it” was an IRS employee and that would be a violation of the law under IRS Code IRC Section 6103. If the New York Times published any part of President Trump’s tax returns, it would be in violation of federal law under 26 U.S.C. § 7213(a)(3). I don’t think the First Amendment protects the New York Times from violating federal law.
I believe, and many will support me when I say this is “old news.” Most people in corporate America knew this back when it happened. It’s easy to judge a man by his successes, even his losses. If you can rise from the ashes after those kinds of failures and be successful, that shows perseverance.
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