https://amgreatness.com/2020/09/28/another-pathetic-times-bombshell/
The New York Times earned a whopping $428.5 million in revenue in just the third quarter of 2019. While its revenue increased when compared to the same quarter in 2018, it’s tax bill declined to just $6.1 million (down from $10.1 million in the same quarter the year prior).
How on earth did this rich corporation manage such a significant reduction in its tax burden after such a flush year? It employed the same tax gimmick that Times reporters would later pillory President Trump for using on his taxes; it only paid taxes on its profit realized after deducting operating costs.
To ordinary wage earners, it might seem like cheating: Only paying income taxes on income. But that’s just the same dirty game the Times has now claimed to have caught the Bad Orange Man playing.
The Times clucked righteously that the president failed to pay taxes on his losses. The Times failed to identify any other business in the history of income tax that has ever paid income taxes on losses. But since the Times hates him, it wants him to follow a different tax rule than every other company in the world.
Over the weekend, the Times finally opened the Schrodinger’s box of Trump tax returns. While the box remained closed, it allowed all sorts of idle speculation (masquerading as journalism).
“Might it shed light on the president’s connections to Russian money, interests, indebtedness?” Forbes speculated in April 2019. “Democrats say they are concerned the White House could pressure IRS agents to go easy on Trump’s returns, and that they need his tax documents to understand how seriously the agency is vetting them,” Politico reported in July 2019.