Giuliani and Christie call Trump a 'genius' for avoiding paying taxes for almost two DECADES - while campaign says tax returns published in the New Yo

[superbeets]

[h=1]Giuliani and Christie call Trump a 'genius' for avoiding paying taxes for almost two DECADES - while campaign says tax returns published in the New York Times were 'illegally obtained'[/h]

• New report claims Donald Trump could have avoided taxes for 18 years
• Trump reportedly declared a loss of almost $1 billion on 1995 tax returns
• Experts claim he could have avoided paying tax for 18 years as a result
• Trump campaign did not confirm or deny if the new report was correct
• Campaign surrogate Rudy Giuliani responded to the report 'as if it's true'
• Chris Christie called it a 'very good story' for Trump
• A campaign statement said Trump pays, 'no more tax than legally required'
• Trump has controversially refused to release his tax returns all campaign
• If he does not, he will be the first GOP candidate who didn't since 1976

By LIAM QUINN FOR DAILYMAIL.COM and NIKKI SCHWAB, U.S. POLITICAL REPORTER FOR DAILYMAIL.COM
PUBLISHED: 04:01, 2 October 2016 | UPDATED: 17:05, 2 October 2016

 

[superbeets]

Donald Trump's top surrogates Rudy Giuliani and Chris Christie responded to the New York Times' story that said the billionaire could have used a legal loophole to avoid paying any federal income tax for almost 20 years after he declared a loss of nearly $1 billion in 1995.
'The man is a genius, he knows how to operate the tax code for the benefit of the people he's serving,' Giuliani said on CNN's 'State of the Union.'
Christie, the New Jersey governor, explained that what the story showed was 'what an absolute mess the federal tax code is, and that’s why Donald Trump is the person best positioned to fix it. There’s no one who’s shown more genius in the way to maneuver around the tax code and rightfully used the laws to do that.'
'This is actually a very, very good story for Donald Trump,' Christie continued.
The Trump campaign refused to confirm or deny the reports in a statement provided to the newspaper, and instead said the returns were 'illegally obtained'.

 

[superbeets]

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Former New York City Mayor Rudy Giuliani defended Donald Trump today after the New York Times reported that he could have gotten away with not paying taxes for 18 years

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New Jersey Gov. Chris Christie also jumped to Donald Trump's defense suggesting the New York Times story highlighted a tax code that needed to be fixed by Mr. Trump

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Donald Trump could have avoided paying any federal income tax for almost 20 years after he declared a loss of nearly $1billion in 1995, a new report claims

 

[superbeets]

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The New York Times obtained copies of Donald Trump's tax returns from 1995. Pictured are three published pages of the returns

 

[superbeets]

The New York Times says it was sent hard copies of the documents in the mail, in a letter with a return address claiming it had been sent from Trump Tower in New York City.
A 2001 Supreme Court case, Bartnicki v. Vopper, set a precedent that going forward allowed news organizations to broadcast something that was illegally obtained by a third-party and not be liable.
Giuliani told CNN's Jake Tapper that he couldn't speak to the veracity of the Times reporting, so he would respond to it, 'as if it's true.'
He then pointed out that it was 'perfectly legal' not to pay taxes in this scenario, the former New York City mayor said.
'The Times makes that point about 26 paragraphs into the opinion,' Giuliani said.
Tax experts told the the New York Times that Trump's declared loss of $916million was so large, it would have entitled the reality television star and Republican presidential candidate to legally, 'cancel out an equivalent amount of taxable income over an 18-year period.'
In the story, the New York Times estimated Trump would have been able to 'wipe out more than $50million a year in taxable income' over the time frame.
'He has a vast benefit from his destruction,' NYU assistant professor Joel Rosefeld told the Times.
Rosenfeld then told the newspaper what he would tell a client who came to him with a similar return to the one allegedly obtained for the report.
'Do you realize you can create $916million in income without paying a nickel in taxes?' he said he would advise someone in the same position.

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The accusation is based on claims Trump (picturd in 1995) declared a loss of $916 billion on his 1995 income tax returns

[h=3]TRUMP CAMPAIGN'S FULL STATEMENT [/h]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 interest.
What is happening now with the FBI and DOJ on Hillary Clinton's emails and illegal server, including her many lies and her leis 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. thate 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 a very substantial charitable contribution.
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 businesses 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 fo thousands of jobs for Americans.


'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,' a statement from the campaign read.
Giuliani echoed this sentiment on 'State of the Union' today.
'This is really very unfair,' the ex-mayor scoffed. 'If he didn't take advantage of those tax deductions, or tax advantages that he had, he could be sued. Because his obligation, as a businessman, is to make money for his enterprise and to save money for his enterprise.'
'It would have been insane not to take advantage,' Giuliani continued.
'Who would sue him for his own personal income taxes?' Tapper asked.
Giuliani answered that investors and banks could have sued Trump.
Changing directions slightly, Tapper pointed out that the businessman had lost nearly $1 billion in a year's time and asked how that made him a 'genius.'
'Since he came back and he came all the way back,' Giuliani responded. 'Isn't that the history of America?'
'People like Steve Jobs was fired by Apple and came all the way back, Churchill was thrown out of office twice and came all the way back, it shows what a genius he is,' Giuliani continued. 'Because he was able to preserve his enterprise and he was able to build it.'
The Trump campaign statement went on to accuse the New York Times and 'the establishment media in general' or being: 'an extension of the Clinton campaign, the Democratic party and their global special interests'.
Hillary Clinton's campaign released a statement after the reports emerged.
'There it is. This bombshell report reveals the colossal nature of Donald Trump's past business failures and just how long he may have avoided paying any federal income taxes whatsoever,' campaign manager Robby Mook said.
'In one year, Donald Trump lost nearly a billion dollar. A billion. He stiffed small businesses, laid off workers, and walked away from hard working communities.
'And how did it work out for him? He apparently got to avoid paying taxes for nearly two decades - while tens of millions of working families paid theirs. He calls that 'smart'. Now that the gig is up, why doesn't he go ahead and release his returns to show us all how 'smart' he really is?'
Clinton's Campaign Manager Robby Mook said today on 'Meet the Press' that voters are discovering that Trump is not the change agent some believed him to be.
'We talk about the rigged system out there. Donald Trump embodies that,' Mook said.
Trump has broken with campaign tradition by not releasing his tax returns.
The Republican candidate has repeatedly said he will release the returns after a 'routine audit' is completed by the IRS.
If he does not, Trump will be the first GOP nominee since Gerald Ford in 1976 not to do so.
Mitt Romney, the Republican presidential nominee in 2012, said it is 'disqualifying or a modern-day presidential nominee to refuse to release tax returns to the voters'.
During Monday's first presidential debate, Hillary Clinton accused Trump of not paying taxes.
The Republican nominee replied to the comment, saying it: 'makes me smart'.

 

[Coldweather]

The Police should put those their newspaper people in the jail. cheersgif

 

[TomGshotput]

The Police should put those their newspaper people in the jail.

You sound like a Black Lives Matter protestor blaming the police

 

[The Guesser]

I can't wait for The Senile Noun, Verb, and 911 Idiot, and the Bridgegate perp to compliment the genius of the next welfare person that games the system, along with every other Republican who thinks what the idiot Drumpf did was just peachy.

 

[The Guesser]

Donald J. Trump
✔@realDonaldTrump

HALF of Americans don't pay income tax despite crippling govt debt...http://plu.gd/qLa
2:59 PM - 23 Feb 2012

@)

 

[The Guesser]

Donald J. Trump
✔@realDonaldTrump

@BarackObama who wants to raise all our taxes, only pays 20.5% on $790k salary. http://1.usa.gov/HFZJKH Do as I say not as I do.
2:19 PM - 13 Apr 2012

@)

 

[The Guesser]

Donald J. Trump
✔@realDonaldTrump

The hedge fund guys (gals) have to pay higher taxes ASAP. They are paying practically nothing.@)We must reduce taxes for the middle class!
5:54 PM - 5 Sep 2015

ointer:

 

[The Guesser]

Donald J. Trump
✔@realDonaldTrump

You know what is the worst part of @BarackObama's Tuesday speech playing class warfare--we @)paid for it with our @)tax dollars.
3:25 PM - 8 Dec 2011

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[The Guesser]

Donald J. Trump
✔@realDonaldTrump

Everyone@)is starting to feel the new tax hikes. You get what you vote for!
3:48 PM - 14 Jan 2013

hno:

 

[The Guesser]

Donald J. Trump
✔@realDonaldTrump

"@MartyCPA: @gregshoes69 @realDonaldTrump 10% of the people pay 90% of this countries tax. What wealthy tax breaks."face)(*^%
10:41 PM - 30 May 2013

 

[The Guesser]

Donald J. Trump
✔@realDonaldTrump

The @washingtonpost loses money (a deduction) and gives owner@JeffBezos power to screw public on low taxation of @Amazon! Big tax shelterface)(*^%
10:18 AM - 7 Dec 2015

@)

 

[Willie99]

We're getting dumber by the day, and like I've said many times before it's all by design as the democratic propaganda machine fuels simple minds

They know their flock well

Real estate has always been a tax haven for Americans, because of favorable tax treatment

For most people, those tax benefits are usually deferred today, but not for real estate professionals, and for everyone else those suspended benefits are freed in the year of disposition

Suffice to say, Trump is probably considered "a real estate professional" under the tax code, so he reaps the benefits of real estate tax laws. To suggest wrongdoing, well it's just so damn libtarded. This story is about clueless wonders talking about the tax code and business. Neither of which they're qualified to do.

Investing in real estate is encouraged by our tax code, it's about making money while deferring taxes.

I love the kicker in the story, "he may have avoided taxes for 18 years" because of this loss. So they're assuming he carried the losses from 1995 back 2 years and forward 15 years to avoid taxes in the maximum number of years those losses can be allowed. The reality is, that's highly improbable, and that it's more likely in had years of high income tax and / or real estate losses from other years. In other words, it's a in a constant state of fluctuation. I'm also going to suggest they may sell properties with large gains in order to utilize large losses before they expire. A 900 million dollar loss is worth maybe 400 million in tax savings, so it's unlikely a smart business man would let them go to waste.

 

[Acebb]

Donald J. Trump
✔@realDonaldTrump

Everyone@)is starting to feel the new tax hikes. You get what you vote for!
3:48 PM - 14 Jan 2013

hno:

The fact that you post this idiotic shit as if Trump pays no taxes is hilarious. You literally have no idea about this topic but you got your dumb story line and you're sticking to it.

Of course you're heading toward another epic beclowning because, well, you're simply not that bright and easily misled.

 

[Dave007inVegas]

For the amount of $ he probably pays his tax accountants he
deserves to pay no taxes. I would be disappointed if he gave
the government money just so they could waste it.