The latest from the New York Times this morning:
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.
The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.
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-year period.
Although Mr. Trump’s taxable income in subsequent years is as yet unknown, a $916 million loss in 1995 would have been large enough to wipe out more than $50 million a year in taxable income over 18 years.So, no taxes to support infrastructure, education, health, veterans, the military, etc., etc. in 18 years? Taxes the rest of us have had to make up for while he gilts his toilets. Sure does sound like a sociopathic narcissist who said he thinks he's smart not to pay taxes.
The kicker? There's a mole close to Rump:
The 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. (our emphasis)Hmmm. Who oh who could it be?
Here's the reaction on Twitter to #LastTimeTrumpPaidTaxes.
Now here's why it won't affect his standing one bit with his legions of
In a living room in western Pennsylvania, the Republican National Convention was on TV, and Melanie Austin was getting impatient.
“Who’s that guy?” she said, watching some billionaire talk about prosperity and tolerance. “Prosperity and tolerance? Forget that sh--.”
She lit a cigarette. Her boyfriend, Kevin Lisovich, was next to her on the couch, drifting to sleep, a pillow over his head. On the ottoman was her cellphone, her notes on the speakers so far — “LOCK HER UP!!” she had written — and the anti-anxiety pills she kept in a silver vial on her keychain.
She was a 52-year-old woman who had worked 20 years for the railroad, had once been a Democrat and was now a Republican, and counted herself among the growing swath of people who occupied the fringes of American politics but were increasingly becoming part of the mainstream. Like millions of others, she believed that President Obama was a Muslim. And like so many she had gotten to know online through social media, she also believed that he was likely gay, that Michelle Obama could be a man, and that the Obama children were possibly kidnapped from a family now searching for them. [snip]
The first time she had seen him, at a rally in June, she was just beginning to realize how many people saw the world the way she did, that she was one among millions. At the time, her hips were still sore from a series of injections intended to calm her. She had gotten them in February, during a difficult time in her life, when she had been involuntarily hospitalized for several weeks after what she called a “rant,” a series of online postings that included one saying that Obama should be hanged and the White House fumigated and burned to the ground. On her discharge papers, in a box labeled “medical problem,” a doctor had typed “homicidal ideation.”(There's a lot of "economic anxiety" there, can you tell?) Of course, Stormtrumpers like this
