By Duncan Smith
We’ve said it before and we’ll say it again: The New York Times isn’t a ‘news’ organization.
It’s a Democratic Party propaganda organ disguised as a news organization.
It wasn’t always that way. But that’s what the Times has become in the age of President Trump.
The paper published another ‘bombshell’ report Sunday claiming that Trump only paid $750 in taxes early in his presidency.
That is actually true.
What’s phony about the story is the manner in which the president was able to avoid paying a lot more in taxes: By using tax law.
Forget for a moment that someone illegally leaked Trump’s tax returns to the Times — both the paper and the leaker really should be held legally responsible for that.
But focus on what was reported:
'Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the WH, he paid another $750. He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made' https://t.co/8vUofZIlJi
— Jake Tapper (@jaketapper) September 27, 2020
Okay…so what else?
Oh, only that the president actually paid in millions of dollars previously, as the Times own reporting noted.
Alexandria Brown dug deep into the NYT's story to see if there was any truth to the shrieking headlines:
As Brown further noted, '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.'
People who own and run businesses take losses in some years, and pay little or nothing in taxes, and make great sums in other years and pay much more in taxes.
They also take advantage of tax breaks, tax credits, and tax incentives — just like you and I do.
Oh, and the Times noted, too, that the leaked financial and tax records show no ties to Mother Russia — putting another dagger into the heart of the ‘Trump-Russia collusion’ lie.
President Trump is Breaking Down the Neck of the Federal Reserve!
He wants zero rates and QE4!
You must prepare for the financial reset