@realDonaldTrump 1995 #TaxReturns? #IDontCare...

As most of you already know that NYT dumped on the world Donald Trump's - Illegally obtained - 1995 Tax Return...

As per the Times:

"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[...] Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18 l ­year period [...]" 

It should be noted, that this news comes just a few weeks after in early September the New York Times’ executive editor Dean Baquet said he would go to jail to print Trump’s tax returns, even if he obtained them illegally (!) - gotta love the NY times.

But lets get to the main focal points of this whole ordeal.

What do the Trump Taxes tell us about him, does this make him a taker, was he wrong from filing such a loss?

And regardless of the answers to the above questions, do voters like me even care?

To answer these questions, I would like to begin with a little history lesson. 

In 1993 a federal law was enacted by the 103rd United States Congress and signed into law by President Bill Clinton known as Omnibus Budget Reconciliation Act of 1993 (or OBRA-93), on part of the bill, part XIII, dealt with taxes and is also called the Revenue Reconciliation Act of 1993.

It was these laws that enabled Donald Trump to file a 915 million loss - as the new tax code introduced and reinforced many tax loopholes already available. 

As a side point, many of the new loopholes were designed to assist special interest groups - yeah, those groups that coated the Clinton families pockets with wads of cash for years. 

  

Now was this filing legitimate? 

Well of course it was...

1995 is over 20 years ago and rest assured, if these deductions were not legal then Trump would have been charged with Tax evasion long ago...

But of course we all know that is not the case...

On the other hand lets face it a 915 Million loss is a lot of money, but we know he "restructured three times"... 

And while a 915 million loss on my tax return, would raise a red flag, for billionaires that would not be the case.

This is because, investing and taking risks to build companies is common practice, and filing major losses on taxes returns to offset future income is a common occurrence. 

One just needs to look at this article by Business Insider which list 16 businesses that pay almost nothing in taxes - due to loop holes build into our tax structure such as the one Trump took advantage of.

Again, lets remember, the feds saw these documents a long time ago, and due to their legitimacy, nothing happened - Trump went Scot free, legally...

Can we blame a person for looking to pay less taxes - legally? 

Am I wrong? becasue as far as I am concerned, I am not sure where exactly lies the issue with this return - comment if you disagree... 

Lets face it, everyone is looking to find the best deal, and that includes our tax return. There is a reason why there is an H&R Block, and other Tax Preparation Service companies on every main street in the United States - people want to get the best deal on their taxes, within the confines of the law - and that is what Trump did... 

I would also like to refer you the an interview of Rudy Giuliani by Chuck Todd on NBC News this morning, where Giuliani correctly points out that if Trump did anything illegal he would be behind bars...

check it out:

Giuliani Knocks Out Chuck Todd 

But lets get to the juiciest part of this whole story...

The NYT, Ironically, did not pay any taxes in 2014 - Go figure...

According to Forbes:

"… for tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014. In other words, their post-tax profit was higher than their pre-tax profit. The explanation in their 2014 annual report is, “The effective tax rate for 2014 was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.” If you don’t think it took fancy accountants and tax lawyers to make that happen, read the statement again."

So if that is the case, then what's the big scoop, with the release of the '95 Trump tax return?

Nothing - just another deplorable hit piece by the Leftist Media...