Taxes and Tax Avoidance

Because this country encourages, or at least used to, entrepreneurism. As a person who wants to make more money, more often, I have ambitions.

This election season has brought this idea to the forefront. It happens to be on my mind often. As an individual who makes a decent living, I think about taxes more than most people.  Looking at a post I wrote last week (Here), you can see that taxes drive my thinking.

Over the weekend, the New York Times decided to print Donald Trump’s taxes from the 1990’s, show almost a Billion dollar loss. Thus, he not paying taxes for 16 years.

What drives me crazy this morning, is that, that’s all I see this morning on my Facebook feed. Every other person has posted this, like it’s some terrible crime, and he’s an awful person.

The problem with this, of course, is that everything he did was perfectly legal, and justified. Not only did he have a horrendous year, losing almost a billion dollars, but was public about it! He told the government what he did, and used the tax code to make sure he was covered.

I have a small farm on the side. Its brand new, and I’m hoping to make something out of it. I hope to make a lot of money, selling apples and hops. (Odd combination, I know, but they are both fun and profitable) In my first year, as is common, I took a loss. I had purchased a tractor, planting equipment, trees and plants. I bought fertilizer, weed control, and deer repellent. As with any perennial crop, it takes a bit to get going. The first year is never a success. And for apples, I’m looking at 5 years before I really am able to see any return.

Because this country encourages, or at least used to, entrepreneurism. As a person who wants to make more money, more often, I have ambitions. The government has written these in to encourage business building.

The fact that Mr. Trump’s tax returns were (illegally) released, is an attempt to show how much he has absconded the taxes he is supposed to pay.

Too many people in this country do not know enough about politics, the candidates, or the law that they are trying to pin to Trump. And this is why the New York Times can get away with this.

Make no mistake. This is a hit piece, from a newspaper who contends that they are neutral, giving only the news you need to know. Zero Hedge and others have reported that Hillary Clinton has used the same tax avoidance as Trump did. LEGALLY!

Breitbart has reported the New York Times hasn’t paid taxes either. Why? Because they are losing money. And when you lose money, you don’t pay taxes. That’s the law. Millions take advantage of this every year.

But, the New York Times hasn’t told their readers about themselves not paying. They haven’t told their readers about Hillary using the same tax code. They simply put out one side, and expect it to be passed on as gospel. Which it has been in a lot of circles.

So, why doesn’t the New York Times feel it’s necessary to tell people what others are doing? Why do they feel the need to break the law (or at least bend it very close to breaking) to try and discredit someone?

I can understand if you don’t like a specific candidate. I can understand if you want to promote someone, or discredit someone. You’re a citizen, with opinions. Makes complete sense. I do it every day.

As a news organization, don’t give me the story you want to push, unless you’re clean on the other side. If you, as the New York Times, had paid “your share” of taxes, then I wouldn’t be writing today. But you didn’t. Keep losing money, and not paying into the tax pool. Until then, I’m not sure you’ve got the right to jump on Trump, for using the laws that are written.

Finally, when piling onto Trump for all the evil he has done to this world, perhaps you should look at how you treated him before. Even after he had filed bankruptcy, and built himself back up, you were there for him, New York Times, to laud him. You called him ‘The Comeback King.’

Don’t worry about that part. It’s just now, that he’s evil for doing the business that he’s done. You can read that here, and see for yourself.