Categories
Thoughts

New York Times preys on American ignorance on business and tax law

The New York Times’ is misleading the public on President Trump’s tax returns because the editors know most Americans know nothing about how business works and how tax law works. If you have ever owned a business or was at least in control of a business you would know that everything the NYT is “exposing” is normal course of business and there really isn’t anything you can truly glean about Trump’s true wealth from what they are showing.

The share of all tax returns subject to an audit declined by 46 percent from 2010 to 2018, according to the Congressional Budget Office. Astonishingly, the decline was even steeper for millionaires — the audit rate fell 61 percent over the same period.

Hmmm… wasn’t Barack Obama President in 2010??
The New York Times

What I’d like to see is an audit of the NYT, it’s editors, as well as President Trump. Let’s see who is taking advantage of the tax code the best!

Everyone should be trying to pay as little in taxes as possible and using every part of the tax law to their advantage. To do anything less is stupid.