Maddow's Tax return "scoop" a nothingburger

[carpro]

https://www.washingtonpost.com/news...a-total-nothingburger/?utm_term=.17fbfe152256


This 2005 Donald Trump tax return is a total nothingburger


MSNBC host Rachel Maddow spent hours touting a massive scoop: She — or more accurately, veteran investigative reporter David Cay Johnston — had gotten her hands on President Trump's 2005 federal tax return.

That return, the political universe speculated, might hold the key to unlocking the single biggest mystery surrounding Trump: His financial affairs. After all, this is a president who broke with decades of tradition by refusing to release his tax returns — any of them — during the 2016 campaign, insisting that he was under audit.

The return wasn't the key. Not even close.

 

[InTheLight]

Well, it showed he made more money than we thought and that he paid more taxes than we thought. So, it kind of puts him in a good light.

Congratulations to Rachel Maddow for successfully taking the spotlight off TrumpCare. Although I could believe that Trump himself leaked the tax return for the purposes of changing the media's focus.

Sent from my Nexus 7 using Tapatalk

 

[carpro]

Left wing spin:

http://www.nydailynews.com/news/pol...p-made-150m-2005-paid-taxes-article-1.2998163


Documents reveal President Trump earned over $150M in 2005 but paid a fraction in federal income taxes




It would have been a "fraction" if he had paid 99.9%.

Google was even more deceptive, listing the above article as:

"Documents show Trump made $150M in 2005, but paid little taxes"

25% and $37 million is now considered "little"

 

[InTheLight]

Left wing spin:


25% and $37 million is now considered "little"

Yeah, it's never enough for liberals. An effective tax rate of 25% is extremely high.


Sent from my Nexus 7 using Tapatalk

 

[Rolfe]

The real story would be in the tax return attachments.

 

[Salty]

Maddow makes 7 million a year - I think she should release her tax returns!!!!

 

[Revmitchell]

https://www.washingtonpost.com/news...a-total-nothingburger/?utm_term=.17fbfe152256


This 2005 Donald Trump tax return is a total nothingburger


MSNBC host Rachel Maddow spent hours touting a massive scoop: She — or more accurately, veteran investigative reporter David Cay Johnston — had gotten her hands on President Trump's 2005 federal tax return.

That return, the political universe speculated, might hold the key to unlocking the single biggest mystery surrounding Trump: His financial affairs. After all, this is a president who broke with decades of tradition by refusing to release his tax returns — any of them — during the 2016 campaign, insisting that he was under audit.

The return wasn't the key. Not even close.

She made an idiot of herself. Promised much but delivered nothing.

 

[Crabtownboy]

Trump paid an effective tax rate of 24 percent and saved millions of dollars in additional taxes by claiming the losses, according to the document, the first two pages of which were obtained by Pulitzer Prize-winning journalist David Cay Johnston and first reported by DC Report, a nonprofit news site he runs, and on MSNBC's “The Rachel Maddow Show.”

The return shows that Trump paid $36.5 million in income tax, of which about $31 million was in the form of an “alternative minimum tax,” a supplemental tax designed to cut down on filers with excessive deductions. He also paid about $1.5 million in Medicare and Social Security taxes.

https://www.washingtonpost.com/news...-income-taxes-in-2005/?utm_term=.6726d28e38d5

 

[HankD]

Trump paid an effective tax rate of 24 percent and saved millions of dollars in additional taxes by claiming the losses, according to the document, the first two pages of which were obtained by Pulitzer Prize-winning journalist David Cay Johnston and first reported by DC Report, a nonprofit news site he runs, and on MSNBC's “The Rachel Maddow Show.”

The return shows that Trump paid $36.5 million in income tax, of which about $31 million was in the form of an “alternative minimum tax,” a supplemental tax designed to cut down on filers with excessive deductions. He also paid about $1.5 million in Medicare and Social Security taxes.

https://www.washingtonpost.com/news...-income-taxes-in-2005/?utm_term=.6726d28e38d5

According to former Vice President Biden, President Trump is a true patriot!

WASHINGTON — Democratic vice presidential candidate Joe Biden said Thursday that paying more in taxes is the patriotic thing to do for wealthier Americans. The Republican campaign for president calls the tax increases their Democratic opponents propose "painful" instead of patriotic.

http://www.nbcnews.com/id/26771716/...ying-higher-taxes-patriotic-act/#.WMlDerg71rU

HankD

 

[Crabtownboy]

According to former Vice President Biden, President Trump is a true patriot!


http://www.nbcnews.com/id/26771716/...ying-higher-taxes-patriotic-act/#.WMlDerg71rU

HankD

I agree with Biden.

 

[Revmitchell]

It is a sad day when paying extreme level taxes to the government is a patriotic act. Using government to take care of us is lazy, unAmerican, and pure evil.

 

[Salty]

and there is no doubt that many libs say that Trump did not pay his fair share with only 37 million

 

[Crabtownboy]

It is a sad day when paying extreme level taxes to the government is a patriotic act. Using government to take care of us is lazy, unAmerican, and pure evil.

Hmmmmmmmmmm, well as ...................... ok, I won't go there.

 

[Salty]

Hmmmmmmmmmm, well as ...................... ok, I won't go there.

Why not???

You dont work - you dont eat -
Too bad that wasn't in the Bible

 

[Revmitchell]

2Th 3:10 For even when we were with you, we would give you this command: If anyone is not willing to work, let him not eat.
2Th 3:11 For we hear that some among you walk in idleness, not busy at work, but busybodies.
2Th 3:12 Now such persons we command and encourage in the Lord Jesus Christ to do their work quietly and to earn their own living.
2Th 3:13 As for you, brothers, do not grow weary in doing good.
2Th 3:14 If anyone does not obey what we say in this letter, take note of that person, and have nothing to do with him, that he may be ashamed.
2Th 3:15 Do not regard him as an enemy, but warn him as a brother.

 

[Salty]

Thanks Revmitchell - I know that was a bit taxing for you to post- but I was too lazy to do it!

 

[Rolfe]

Trump paid (...) and saved millions of dollars in additional taxes by claiming the losses, ...

This is not news. Most competent people in business do the same thing.

 

[Crabtownboy]

Why not???

You dont work - you dont eat -
Too bad that wasn't in the Bible

Not exactly on the topic and would be misunderstood, purposely or otherwise.

 

[carpro]

The real story would be in the tax return attachments.

There is no "real story".

 

[Revmitchell]

Can anyone give a clear definition of "Fair share"?