When in doubt, hit Trump’s taxes? Ahead of the first Presidential debate in Cleveland, Ohio, the New York Times has unleased an article claiming the President paid just $750 in taxes in 2016 and 2017. That set off a firestorm of reaction from Democrats.
Nancy Pelosi calling it a question of national security:
We take an oath to protect and defend. The public has a right to know who the President owes hundreds of millions of dollars to. This is a question of national security. @mitchellreports pic.twitter.com/jBQC533FJs
— Nancy Pelosi (@SpeakerPelosi) September 28, 2020
The Biden campaign launched the Trump Tax Calculator and started hawking stickers that read, “I paid more taxes than Donald Trump.”
How much more did you pay in taxes than President Trump?
Head to https://t.co/h9ZZ0iBuiE to find out. pic.twitter.com/w689uVoHq7
— Joe Biden (@JoeBiden) September 28, 2020
Senator Elizabeth Warren also let loose, calling Trump “a liar, cheater and a crooked businessman.”
This is about more than one man's personal tax scams. Donald Trump is a liar, a cheater, and a crooked businessman, yes. But he's also taking advantage of a broken, corrupt, and unequal system that’s built for people like him to do what he did.
— Elizabeth Warren (@ewarren) September 28, 2020
The President fired back at his critics, tweeting “The Fake News Media, just like Election time 2016, is bringing up my Taxes & all sorts of other nonsense with illegally obtained information & only bad intent. I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits…..
The Fake News Media, just like Election time 2016, is bringing up my Taxes & all sorts of other nonsense with illegally obtained information & only bad intent. I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits…..
— Donald J. Trump (@realDonaldTrump) September 28, 2020
…..Financial Statements, from the time I announced I was going to run for President, showing all properties, assets and debts. It is a very IMPRESSIVE Statement, and also shows that I am the only President on record to give up my yearly $400,000 plus Presidential Salary!
— Donald J. Trump (@realDonaldTrump) September 28, 2020
One thing is certain, It was on Oct 1, 2016 that the New York Times published this article entitled,
Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found
It goes on to say, “The New York Times obtained records from 1995 showing that Donald J. Trump declared a $916 million loss. The figure is so substantial that it could have allowed him to legally avoid paying federal income tax for 18 years.”
Adding, “Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.”
So what’s really new here? It look like the New York Times is just being predictable.
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