New York, NY – If you don’t understand the real estate business and the Tax Code. Or if you want to do your one-thousandth hatchet job on a President you hate, you use fake anonymous sources. Plus, you have to add a large dose of willful ignorance. Yes, we are talking about the New York Times.
Unless you have been living in a cave or a coma for the last four years, you have witnessed the most biased hatchet job on a President in American history by the Lamestream Media. Any chance they get to attack President Trump, they take it. The media has gone so far in the Trump Derangement Syndrome affliction that they have just started making things up.
Fake news is now the term of the day. You just can’t make this stuff up, that the media makes stuff up. The main perpetrator has been the New York Times. Apparently, they don’t like their fellow New Yorker and current White House Occupant, President Trump.
If You Don’t Understand The Real Estate Business and The Tax Code
The story that The New York Times ran last week (behind a paywall, and we don’t think it’s worth paying), plus all of the social media fodder and subsequent MEMES, emphasizes that President Trump paid little or no taxes. They used this point as a springboard to claim or at least imply that President Trump is a failed businessman.
There are many problems with the article. Maybe the reporters should have asked some advice from their fellow reporters down the street at the Wall Street Journal before printing the story. We all know why that didn’t happen; the whole goal is to destroy President Trump as it has been from day one.
The New York Times cites anonymous sources. This is curious, since every liberal out there has sued to see Trump’s tax returns, and every judge so far has delayed or denied their release. So either someone got the tax returns illegally, or they are just making this stuff up. Fake news at its finest.
If You Don’t Understand The Real Estate Business and The Tax Code
If You Don’t Understand The Real Estate Business and The Tax Code
We will keep this real simple and explain why all of this malarky about Trump’s tax returns is a bunch of nonsense. First, if you know anything about the real estate business, especially the big players like President Trump, you know a dirty little secret. The way to grow is all about leveraging your existing assets. This means you borrow against practically everything you own to buy or build more properties. Since the properties are leveraged, plus depreciation in value (this is an accounting term for loss in value, you can write off on your taxes), it helps you show a loss.
What are the benefits of showing a loss? Well, if you don’t have a profit, then you really don’t owe any taxes. The game is to pay the government as little as possible. You want your cash and wealth to be used for more acquisitions and leveraging. If you’ve ever owned a business, you try (or should try) to bump up as many expenses the IRS will legally allow showing as little profit as possible. This is a solid business practice to limit your tax liability.
For those of us in the know, and we hope we helped you join the club, The New York Times article shows that Trump is one of this generation’s most savvy businessmen. However, the willful ignorance of The New York Times would never let that fact come to light.
This is fake news at its finest. Would you rather have career politician Joe Biden as your President or a savvy businessman? That is the choice this November, choose wisely.
If You Don’t Understand The Real Estate Business and The Tax Code…Then you must be The New York Times. What do you think? Is this another liberal media hatchet job on Trump? Was this article at all educational? Write your comments below and on social media.
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