Trump's Taxes, another recycled non-story

THE FAKE NEWS MUST BE RUNNING OUT OF FRESH MATERIAL

JUST RECYCLE THE SAME STORIES FROM 2016

So another story about Trump's taxes and how they prove he is a business failure, does not pay his taxes and has overwhelming debt. First of all, it seems the news likes to confuse Donald Trumps personal tax returns and the Tax returns of the Trump corporation. Since the Trump corporation, or I should say a group of corporations, are private corporations and not publicly traded, they do not have to make public their financial information.

So most of the fragmented story by the New York times mixes these facts up and cherry picks data they believe will be detrimental to Donald Trumps election success. It is just more of the same throwing things against the wall hoping it will stick and give Joe Biden a talking point in the immanent debate. This a pattern that has been repeated starting with the release of the "Access Hollywood Tape" days before a debate in 2016. The mainstream media proclaimed it was the end of Trump's candidacy. It just didn't work.

Last week it was a fake story about Trump refusing to leave office if he lost the election. They got 2 days worth of talking points from that one. Before that it was that Trump downplayed the virus, that was worth slightly more. The tax story will likely have an even shorter life.

There is very little debate about real issues that will effect the future of the country.

The tax story picks up losses on certain parts of the Trump group of corporations. There is no mention of any illegal activity. They just assume there must be some. As for his personal returns, he can make that number whatever he desires by how much he wants to draw form his corporations. Since he is president and does not accept his salary, he may have no personal income since becoming president. His housing, utilities, transportation, security, food and entertainment expenses are all paid as expenses related to the presidency. I don't believe there ever was a president who paid for these things, except maybe for George Washington. 

As for the amount of debt they are reporting, I would assume that is corporate debt, not personal debt, and today's corporations are all carrying a large debt due to the very low interest rates. It is like using money for free.

One other fake story that has been going on is the New York Attorney general continually suing for the Trump tax returns. They claim that Trump, or more likely the corporation, overstated the value of his assets to obtain loans and understated their value to save on property taxes. This is obviously a fake story, because I don't know of any lender who issues a loan based on the applicants stated value of their property. They have appraisers that determine what a property is worth.

As for Trump understating the value of his property to save on property taxes. If you are a property owner you know that the taxing authority has assessors that make that determination. You can appeal, which I am sure Trump has done, and his properties are likely to have a volatile worth depending on the economy, real estate prices etc. Any understatement is not an illegal act and any good property owner will appeal his assessment to get the most favorable result.

All this is just one more example of the media attempting to help the democrat candidate win an election. This will not be the last, but it would be more interesting if they could get more creative. They must feel they need a new story every few days and if they cant find one, they just recycle an old one.