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highplainsdem

(48,736 posts)
Tue May 7, 2019, 08:05 PM May 2019

5 Takeaways From 10 Years of Trump Tax Figures (2nd NYT article + ***WH RESPONSE***)

https://www.msn.com/en-us/news/us/5-takeaways-from-10-years-of-trump-tax-figures/ar-AAB2BDR


Much of this is a summary of those 5 takeaway, but I want to quote what's said about the response the NYT got from the White House:


Several weeks ago, a senior official issued a statement saying: “The president got massive depreciation and tax shelter because of large-scale construction and subsidized developments. That is why the president has always scoffed at the tax system and said you need to change the tax laws. You can make a large income and not have to pay large amount of taxes.”

On Saturday, after further inquiries from The Times, a lawyer for the president, Charles J. Harder, wrote that the tax information was “demonstrably false,” and that the paper’s statements “about the president’s tax returns and business from 30 years ago are highly inaccurate.” He cited no specific errors, but on Tuesday added that “I.R.S. transcripts, particularly before the days of electronic filing, are notoriously inaccurate” and “would not be able to provide a reasonable picture of any taxpayer’s return.”

Mark J. Mazur, a former director of research, analysis and statistics at the I.R.S., said that, far from being considered unreliable, data used to create such transcripts had undergone quality control for decades and had been used to analyze economic trends and set national policy. In addition, I.R.S. auditors often refer to the transcripts as “handy” summaries of tax returns, said Mr. Mazur, now director of the nonpartisan Urban-Brookings Tax Policy Center in Washington.

In fact, the source of The Times’s newly obtained information was able to provide several years of unpublished tax figures from the president’s father, the builder Fred C. Trump. They matched up with Fred Trump’s actual returns, which had been obtained by The Times in the earlier investigation.





Link to my GD thread about the complete NYT bombshell:

https://www.democraticunderground.com/100212079408
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5 Takeaways From 10 Years of Trump Tax Figures (2nd NYT article + ***WH RESPONSE***) (Original Post) highplainsdem May 2019 OP
🤔 🤔🤔🤔😁😁😁😁 irisblue May 2019 #1
K&R Scurrilous May 2019 #2
kick highplainsdem May 2019 #3
Cohen is leaking? uponit7771 May 2019 #4
he leaked about Falwell's dirty picture problem. nt Grasswire2 May 2019 #5
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