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Oh, those dreaded details… turns out, the New York Times early October surprise about President Trump only paying $750 in federal income taxes in 2016 and 2017 included its own kryptonite.
Democrats and their media allies jumped on the story that the billionaire president who donates his annual $400,000 salary to various government agencies paid such a small amount in taxes, using it as desperate political fodder.
President Trump responded Sunday to the Times article to say it was “fake news.”
“That’s just fake news. The New York Times tried it — same thing,” he said at a press conference. “They tried to create a little bit of a story, they’re doing anything they can. The stories I read, they are so fake, they are so phony.”
Leading the way in trying to capitalize on the allegation was Minority Leader Chuck Schumer, D-N.Y., pushing the party line by asking people to raise their hand — via a tweet — if they paid more in federal income tax than President Trump.
🙋♂️ if you paid more in federal income tax than President Trump. https://t.co/4Q1nQmHSWa
— Chuck Schumer (@SenSchumer) September 27, 2020
But those raising their hands had better review the article very closely, as the Times reported that in addition to the $750 paid each year, the president paid the U.S. Treasury an additional $1 million in 2016, and $4.2 million in 2017.
That’s right, over $5 million in two years, as a social media user noted, along with the supporting screenshot from the article:
So. I finally read the NYT Trump tax story because I wanted to see what line was being reported for taxes owed and I came across this about the $750 in 2016 and 2017. Per the NYT own story, Trump actually paid to the US Treasury $1 million in 2016 and $4.2 million in 2017. pic.twitter.com/ltnlMG0mKW
— alexandriabrown (@alexthechick) September 28, 2020
After pointing out that most of the overpayment was rolled forward, not refunded, the social media user declared that the “ever single story saying he paid $750 is a lie.”
The claim that Trump paid only $750 in Federal taxes in 2016 and 2017 is thus a complete and total lie which is easily disproven by the Times own story. I mind when people lie. I mind more when people lie to me about something I can disprove in minutes.
— alexandriabrown (@alexthechick) September 28, 2020
Or, in other words, “Trump overpaid millions and just let the IRS hold it for future payments??”
Wait so Trump overpaid millions and just let the IRS hold it for future payments??https://t.co/f4pbAMCPR4 pic.twitter.com/xW4fsM7vmL
— Tim Pool (@Timcast) September 28, 2020
Another important detail was shared by the person, that being that the Times story was based on compensation information “for people who are not Donald Trump” — a screenshot was included to support the claim.
Did you see it? The years of employee compensation? So the NYT was given compensation information for people who are not Donald Trump. Yeah, that right there should make everyone spit fire from their eyes. What the hell right does the NYT have to employee compensation?
— alexandriabrown (@alexthechick) September 28, 2020
There was some interesting speculation over where the newspaper may have gotten the financial records behind its story:
It has to be.
— alexandriabrown (@alexthechick) September 28, 2020
The NY State AG’s office – if not the AG themselves. Looking like a federal conspiracy case to me.
— Mel Kerner (@MelKerner) September 28, 2020
Here’s a sampling of other responses from Twitter:
That he didn’t get a refund means he needs better tax people.
— alexandriabrown (@alexthechick) September 28, 2020
So all of the REEEE REEEE REEEE about Trump’s $750 tax payment is not only irrelevant per the current tax laws and legally minimizing your burden, it’s actually a complete fabrication based on people too lazy and stupid to read the illegally obtained source documents.
— Physics Geek (@physicsgeek) September 28, 2020
And now some shitstain posts that private information about others and it’s all hahaha Orange Man Bad hahaha and now I’m looking up the prices of pitchforks and torches.
— Physics Geek (@physicsgeek) September 28, 2020
The @nytimes: more power over things than your average citizen. This should worry you.
— Kate’sFree🖤🌪️⚪💜🇺🇸✝️🙏 (@TheKateFreeman) September 28, 2020
The sophistry involved in writing that second paragraph is astonishing. It’s drafted to read as if requesting an extension and paying the estimated tax owed and then including tax credits when one actually files is some sort of magical tax dodge.
— Dodd (@Amuk3) September 28, 2020
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The longest-tenured writer at BizPac Review, Tom grew up in Maryland before moving to Central Florida as a young teen. It is in the Sunshine State that he honed both his passion for politics and his writing skills.
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