In what was a classically preemptive “trump” to MSNBC’s big reveal, the White House released the much anticipated 2005 Tax return of President Trump. The return shows that he paid $38 million on $150 million in income.
This disproves the premise of a major New York Times story in the lead-up to the November election.
Via Daily Caller:
“The Oct. 1 Times story was headlined: “Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found.” The New York Times reporters wrote: “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.”
This report was so substantial that Trump was asked about it at a presidential debate and responded that he used tax deductions in order to not pay federal income taxes, but did not say for how many years.
The tax return released Tuesday shows that the most time Trump could have deducted money from his 1995 tax return to avoid paying taxes is nine years. This is half the amount of time the Times implied was the case.”
In case you still want to see a comparison of whether or not Trump paid a fair amount in taxes, here’s a little break down for you.
Hopefully, MSNBC and the New York Times have learned a valuable lesson about doing their research before calling someone liar who has such a better reputation than themselves. Someday we will have the presence of mind to learn that President Trump doesn’t bluff, he warns.
(Source: Daily Caller)