Category : The Rod Eccles Show
The venerable New York Times newspaper is now on record, from within their own pages of accusing Donald Trump of something outrageous in their eyes.
The NY Times actually accused The Donald of FOLLOWING the law. Not trying to break it, get around it, go under it, go over it or smash it. The Times is saying that Donald Trump used the rules in place at the time Trump filed his taxes in order to keep from paying millions in Federal Income Taxes.
But newly obtained documents show that in the early 1990s, as he scrambled to stave off financial ruin, Mr. Trump avoided reporting hundreds of millions of dollars in taxable income by using a tax avoidance maneuver so legally dubious his own lawyers advised him that the Internal Revenue Service would most likely declare it improper if he were audited.
The problem however, is if one legally uses the tax code to keep from paying taxes then its not avoidance. And we also know that Trump is constantly under IRS audit so therefore if an audit was done, it was deemed by the IRS that Mr. Trump did everything he was legally able to do.
So the NY Times admits that Trump as well as many Americans, use the tax code to legally limit their Federal Income Tax burden even if it means that burden is legally driven down to zero.