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Hillary Clinton used the same legal method as Trump to avoid paying income taxes

Tuesday, October 4, 2016 5:17
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(Before It's News)

hillarys-media-bitches

On October 1, 2016, the New York Times (NYT) triumphantly declared that it had “obtained records from 1995 showing that Donald J. Trump declared a $916 million loss. The figure is so substantial that it could have “

This is the same New York Times whose “mediator,” Jim Rutenberg, urged that journalists abandon any pretenses at objectivity in their reporting on Trump, and whose tech columnist, Farhad Manjoo, urged Google to “fix” its search engine results to hide evidence of Hillary Clinton’s failing health, which Google then obligingly proceeded to do.

The discovery that Trump probably paid no federal income tax for the past 18 years was the leading news on TV all weekend.

The Clinton campaign pounced on the Times report. Campaign spokesman Brian Fallon tweeted: “Trump’s returns show just how lousy a businessman he is AND how long he may have avoided paying any taxes.” Hillary Clinton crowed about it in several tweets:

But there’s just one thing wrong with Hillary’s and the MSM’s crowing: Trump did nothing unlawful in paying no federal income tax. He did it “by the book” — by using a perfectly legal method provided by the IRS, called “carryover” or “long-term capital loss”.

The NYT admitted as much:

“The tax experts consulted by The Times said nothing in the 1995 documents suggested any wrongdoing by Mr. Trump, even if the extraordinary size of the loss he declared would have probably attracted extra scrutiny from I.R.S. examiners.”

There’s another thing wrong with Hillary’s and the MSM’s crowing: Hillary Clinton used the same “capital loss” method that Trump had used to reduce the amount the Clintons paid in income tax last year.

Line 18, page 17 of Hillary Clinton’s 2015 tax returns shows that the Clintons claimed $699,540 in capital loss (h/t Gateway Pundit):

hillary-clintons-2015-tax-returns

The NYT said three pages of Trump’s 2015 tax returns were mailed to reporter Susanne Craig last month. The Trump campaign said in a statement the tax document had been “illegally obtained, a further demonstration that the New York Times, like establishment media in general, is an extension of the Clinton Campaign, the Democratic Party and their global special interests.” (NBC News)

Meanwhile, in 2014, the New York Times not only paid $0 in income tax, although it made $30 million, the newspaper managed the even more remarkable feat of obtaining from the IRS a $3.5 million refund. (Forbes)

New York Times and Hillary Clinton really should look up the meaning of “hypocrisy” in the dictionary.

~Eowyn

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