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NYT Eats Crow After Trump Tax Return Proves Major Story Wrong

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The White House released President Trump’s tax return from 2005 on Tuesday, which showed that he paid $38 million on $150 million in income. This disproves the premise of a major New York Times story in the lead-up to the November election.

The Oct. 1 Times story was headlined: “Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found.” The New York Times reporters wrote: “Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.”

This report was so substantial that Trump was asked about it at a presidential debate and responded that he used tax deductions in order to not pay federal income taxes, but did not say for how many years.

The tax return released Tuesday shows that the most time Trump could have deducted money from his 1995 tax return to avoid paying taxes is nine years. This is half the amount of time the Times implied was the case.

President Trump has attacked the Times throughout his presidency as a “failing” paper and “fake news.”

(DAILY CALLER)

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  • Lady Ela

    It surprises me why anyone would ever read the New York Times. They don’t provide balance and accurate news…they have gone to the road of yellow press…not credible…not worth buying.

  • Dr. B

    MSNBC’s “Tax Records” Non-Story “Violated The Law To Boost Ratings”: Trump made $150MM, paid a 25% Tax Rate, more than Obama, Romney & Bernie. The media have fallen of the edge of the playing field and are so desperate that they have resorted to NO NEWS/ FAKE NEWS type stories. Even the tax return story is idiotic. So what? The president paid 36.5 million in taxes. Whereas Clinton, during her campaign falsely claimed ‘repeatedly’ that he paid nothing. WRONG AGAIN. Newt Gingrich said that the release of Trump’s tax return is a felony. Someone will likely go to jail for this.

    Next, Rachel Maddow is Fake News. She’s so far left that she dropped into a black pit. It would be refreshing if the media instead would focus on the President’s 34 plus EOs that have been signed.. or the 1500 pedophiles that he had picked up in the first 30 days of office.. or the child sex slaves he saved.. or the 68 billion he saved in his first 50 days as compared to Obama’s “$200 billion plus’ dollars SPENT.