The Market Ticker - The Breathless NYT And Trump

The idiotic NY Times printed a “scoop” that was in fact not a scoop, and likely suborned or even committed a felony in doing so by accessing or using private tax information on Trump.

But the so-called “scoop” — that Trump lost over a billion dollars in what are called “NOL” (Net Operating Losses) over the space of roughly a decade, and used those “losses” to avoid paying taxes for a long time afterward, was first and foremost not a scoop in that it has been repeatedly reported over the last decades and in fact made the cover of TIME at one point, never mind being referenced when Trump was appearing on The Apprentice.

Further, there was no law-breaking involved here.  Gaming the tax code for Real Estate developers is not only common it’s…….

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