Glass houses and stones anyone…
“….The Clintons, and the MSM, have no shame. They took deductions for Bill’s used underwear and for improper and excessive Whitewater losses and expenses but now the Clintons, and their cheerleaders in the MSM, are questioning Trump’s deduction 20 years ago of a legitimate business loss of about $900 million. We do not need lectures by the Clintons, who deduct used underwear and cheated on the Whitewater deal, about paying taxes….” The Clintons took improper Whitewater tax deductions
But wait, there’s more. Bill tax deducted his used underwear. Seriously…
“…The Clintons deducted from the federal income tax returns the “value” of Bill’s used underwear that the Clinton’s supposedly donated to charities. The Clintons take tax deduction for Bill’s used underwear
As reported by Lloyd Grove, Washington Post, on 12/28/1993:
“Several experts were consulted about Clinton’s tax-deductible donations, especially of underwear. Paul Offenbacher, a longtime Washington-area tax accountant, said it is highly unusual to take an itemized deduction on donated underwear; indeed, he had never heard of such a thing. Adelphi University psychology professor George D. Goldman, a New York-based psychoanalyst who studies the unconscious symbolic meanings in human behaviour, said the donations are, at the very least, fodder for intriguing speculation…
“We don’t get too much underwear here; I don’t think people want that too much,” said Joe Cheslow, a senior resident at the Union Rescue Mission, a haven for homeless people in Little Rock, Ark., that has been a frequent beneficiary of the Clintons’ tax-deductible largess. The mission thrift shop has been known to sell used underwear, displayed in bins, at 95 cents a pair….
The Clintons, and their cheerleaders in the MSM, are now questioning why Trump took a legal deduction for a business loss of about $900 million twenty years ago. There is no question that one can take a tax deduction for business losses, and carry back and forward such a loss to reduce your income.
Trump’s net operating loss was a legitimate loss that is a legitimate deduction which a business should deduct. It is not deducting used underwear.
Now we have the Clintons, and their cheerleaders in the MSM, question a deduction for a net operating loss, while giving a Comey pass on the Clintons.
What does it tell us about the character of the Bubbas that they deducted Bubba’s used underwear?
Interesting thing here is that even the New York Times, which sanctimoniously broke “the story” have been working the tax system to it’s advantage.. Clinton Campaign Admits Hillary Used Same Tax Avoidance “Scheme” As Trump
That’s the problem with this kind of mud slinging and mud wrestling. Let he who is without sin, etc….
“…Amazon, which is led Jeff Bezos, who also owns the Washington Post, lost $1.41 Billion in 2000 and that offset their minimal income for years. Would Hillary and the NYT say Bezos paid no taxes and did not support government activities?
Solar City and Tesla, which are owned by one of the heroes of the left Elon Musk, have never made a profit and therefore never paid income taxes and they are also heavily subsidized by the… taxpayer. Where are the media stories ripping Musk for not supporting the government?
If anyone wants to look at pure abuse of the income tax system they should look at what President Obama did for GM in 2009. We not only bailed out GM to the tune of $50 Billion, Obama gave GM an exemption from income taxes on their next $45 billion of income for up to twenty years. Why doesn’t Hillary bring that one up as she campaigns in states with auto facilities? Trump, Taxes and the Times