The New York Times Paid No Taxes in 2014
by Joel B. Pollak2 Oct 2016
From: Breitbart
http://www.breitbart.com/big-journalism/2016/10/02/new-york-times-paid-no-taxes-2014/

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.

In 2008, the confidential tax information of Joe “the Plumber” Wurzelbacher, who emerged as a critic of then-Sen. Barack Obama, was leaked illegally by an Ohio state official.

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10183

: Trump tax records suggest no federal taxes for years, New York
: Times reports

: http://www.cbc.ca/news/world/trump-nyt-taxes-1.3787914

: Snip

: Donald Trump's business losses in 1995 were so large that they
: could have allowed him to avoid paying federal income taxes
: for as many as 18 years, according to records obtained by
: the New York Times.

: In a story published online late Saturday, the Times said it
: anonymously received the first pages of Trump's 1995 state
: income tax filings in New York, New Jersey and Connecticut.
: The filings show a net loss of $915,729,293 in federal
: taxable income for the year.

: Trump's campaign released a statement on Saturday lashing out
: at the Times for publishing the records and accused the
: newspaper of working to benefit the Republican nominee's
: presidential rival, Democrat Hillary Clinton.

: "Mr. Trump is a highly skilled businessman who has a
: fiduciary responsibility to his business, his family and
: his employees to pay no more tax than legally
: required," the statement said.

: This comment is awaiting moderation by the site
: administrators.
: (posted by Cmanynames)

: I can understand that you do not like Trump

: but I must point out
: that Donald Trump is maybe a small guy
: on the ladder to ultimate success

: Did you know that G.E.
: has been known to not pay a dime in taxes
: so have a lot of other companies and people
: utilized the Taxes Laws available
: if you decided to not use those Laws
: the banks and partners would sue you
: even Warren Buffet utilizes The Tax Laws
: even he doesn't pay his fair share of Taxes

: So somewhere in between Trump and
: the big bank big insurance big big companies
: are a lot of Trump like people you dislike

: Without those people
: we'd all be farming on two acres trying to
: figure out how much to plant for the year
: in order to feed your family« less

: in answer to

: Rob Lehtisaari
: Unbelievable !

: Obscene !

: Yet, Donald Trump wants to increase the tax breaks of the 1%
: Wealthy Elite.

: Donald Trump, claims he represents the little guy, by standing
: on them & walking to the top it appears from fake
: Universities for his personal profit, Casino & Resorts
: that he profited on and failed to pay the workers and
: contractors who built and worked on, and in. To ignoring
: the laws of US business in Cuba, to using charities bearing
: his name to pay for municipal/state penalties that he, or
: his business were beholden to pay, to purchase at
: exorbitant cost portraits of himself to hang in his
: building.

: The little guy is little because of people like Mr. Trump, and
: will be made more so by the actions of a Donald Trump with
: more power.

: "Provisions in the tax code that allow wealthy
: individuals to offset their personal income with losses in
: various
: partnerships and business ventures, Trump could have used his
: losses in 1995 to avoid incurring tax liabilities on as
: many as three years of prior and 15 years of future
: profits."

: I just looked
: so see if the moderation
: excluded my comment or not
: they have let it stand
: but I was quickly moved to a comment of 71 others
: not a big deal to me

: my point is who is influencing who?

: in life
: it sometimes good to finish a sentence
: allowing proper thought on an opinion
: instead of rally people around
: "it's only this bad dude"

: Donald is not a politician

: it could get interesting
: if Donald starts giving away some goodies
: and the Lobbyists who fund you know who
: squirm

: something tells me
: win or lose
: many and much more are coming to the surface
: surprise after surprise

: Cmanynames