IS THERE TAX EVASION in TRUMP CASE? .. IF IT IS..

IS THERE TAX EVASION in TRUMP CASE? .. IF IT IS..

Then the rich is allowed Tax evasion, not the poor-middle classes

Let’s check the latest news on this matter:

Trump "Deep Throat" Emerges: Someone Leaks Donald's '95 Tax Filing To The NYT

See image at: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/trump%20tax%20teaser.jpg

Let’s summarize this article with a Qt in mind:  is his uses of NOL illegal?

1-

Trump’s case: he used Net Operating Losses, or NOL, of the US tax code, to avoid paying taxes for years. In early mid of 1990s he reported losses of both 1991 & 1993, enough to virtually cancel out any taxes in 1995. NYT itself admits there was nothing illegal about using such a maneuver:  “the world's rich take advantage of NOL tax planning all the time, and in fact acquiring corporations for their NOL benefit has long been a strategy in corporate America designed to avoid investor to flow outside  and to minimize Federal and State tax outflows.

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Joel Rosenfeld, an assistant professor at New York University offered his description of what he would advise a client who came to him with a tax return like Mr. Trump’s: “Do you realize you can create $916 million in income without paying a nickel in taxes?” .. “The I.R.S., when they see a negative $916 million, that has to pop out,” Mr. Rosenfeld said.

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Trump he has been the subject of numerous tax audits by the IRS, he won all the cases. The NYT itself is perfectly happy to take advantage of the US tax to minimize the amount of money it pays to the government: in 2014 a Trump company got a tax refund of $3.6 million despite having a $29.9 million pretax profit, an effective negative tax rate for 2014.

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That explain why he suggested in the debate with Hillary,  “cutting tax to investors” to avoid investors  create jobs abroad instead of doing it here.  When Hillary said “you don’t pay taxes”, he replays “that makes me smart”. I did not violate IRS codes, you instead desecrate all Laws with you e-mail scandal.  

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The “non-Russian leak” :

Yesterday  three documents arrived by mail at The Times with a postmark indicating they had been sent from New York City. The return address claimed the envelope had been sent from Trump Tower”. The NYT notes:  “a lawyer for Mr. Trump, Marc E. Kasowitz, emailed a letter to The Times arguing that publication of the records is illegal because Mr. Trump has not authorized the disclosure of any of his tax returns.” 

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The Trump campaign promptly responded to what it alleges was "illegally obtained" information as follows:

"The only news here is that the more than 20-year-old alleged tax document was illegally obtained, a further demonstration that the New York Times, like establishment media in general, is an extension of the Clinton Campaign, the Democratic Party and their global special interests. What is happening now with the FBI and DOJ on Hillary Clinton's emails and illegal server, including her many lies and her lies to Congress are worse than what took place in the administration of Richard Nixon - and far more illegal.

"Mr. Trump is a highly-skilled businessman who has a fiduciary responsibility to his business, his family and his employees to pay no more tax than legally required. That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions. Mr. Trump knows the tax code far better than anyone who has ever run for President and he is the only one that knows how to fix it.

"The incredible skills Mr. Trump has shown in building his business are the skills we need to rebuild this country. Hillary Clinton is a corrupt public official who violated federal law, Donald Trump is an extraordinarily successful private businessman who followed the law and created tens of thousands of jobs for Americans."

7-

As expected, CNN staff that support Hillary was displeased with this characterization.

The three leaked state tax filing pages from 1995 are shown below:  

To read it OPEN: http://www.zerohedge.com/news/2016-10-02/trump-deep-throat-emerges-unknown-source-leaks-donalds-95-tax-filing-nyt

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