- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: So the Biden Campaign and the NYTs with the rest of the MSM are setting Trump up on taxes.
Posted on 9/29/20 at 3:33 pm to GumboPot
Posted on 9/29/20 at 3:33 pm to GumboPot
quote:
It my understanding is that in the tax year that the NYTs article was based on Trump actually paid millions in income taxes. However the NYTs reported he only paid $750. The point was Trump only owed $750 but paid millions which was credited the following years. NYTs propagated fake news by mixing up the words paid and owed.
There was nothing misleading about it. He made estimated payments in those years but the liabilities got wiped by business credits. He carried forward the overpayment to be applied against future years. At the end of the day, his tax liability in 2016 and 2017 was apparently virtually nil (not that there is anything wrong with that). This "misinformation" angle is manufactured non-sense.
This post was edited on 9/29/20 at 3:37 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News