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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums5 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-AAB2BDRMuch 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 papers statements about the presidents 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 taxpayers 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In fact, the source of The Timess newly obtained information was able to provide several years of unpublished tax figures from the presidents father, the builder Fred C. Trump. They matched up with Fred Trumps actual returns, which had been obtained by The Times in the earlier investigation.
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 papers statements about the presidents 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 taxpayers 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 Timess newly obtained information was able to provide several years of unpublished tax figures from the presidents father, the builder Fred C. Trump. They matched up with Fred Trumps 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
(33,067 posts)1. 🤔 🤔🤔🤔😁😁😁😁
Scurrilous
(38,687 posts)2. K&R
highplainsdem
(49,138 posts)3. kick
uponit7771
(90,378 posts)4. Cohen is leaking?
Grasswire2
(13,575 posts)5. he leaked about Falwell's dirty picture problem. nt