The Glasshouse Report: “Designed to Eliminate Frivolous Employee Lawsuits”

Thursday, October 6, 2016

Trump, Taxes and Liberal Hypocrisy

By Larry Elder, Oct 06, 2016 

Let's describe the relationship of the media and their Democratic cohorts to taxes and those who "don't pay them" as, well, complicated.

In 2012, ABC News' Jonathan Karl claimed on television that an auto mechanic making $75,000 a year paid a higher federal income tax rate than that paid by then-Republican presidential nominee Mitt Romney. But, as I later told Karl in a radio interview, that would only be true if Mr. Auto Mechanic had no children, owned no home and therefore did not take the same deductions as those taken by Romney. In an apples-to-apples comparison, I informed him, Romney, at a 14 percent rate, pays twice the rate paid by Mr. Mechanic.
Karl said he would look into that, and get back to me. He must've used Hillary Clinton's email server, because I never heard back.

Democrat's 2004 presidential nominee, John Kerry, through marriage, is also a wealthy man. A few years ago, he bought a 76-foot yacht, but docked it in nearby Rhode Island, rather than Massachusetts where he lived and presumably used the yacht. It turns out by doing so he could avoid $500,000 in sales and excise taxes. Embarrassed by a media expose, he later paid up.

In 2001, Kerry's state of Massachusetts lowered its income tax rate. If, however, the guilty Bay State liberals wanted to pay the higher rate -- so as not to deprive schools, hospitals and all -- they could check a box and do so. Out of over 3 million tax filers, only a fraction of 1 percent (930 taxpayers) voluntarily agreed to pay the old, higher rate. Not among that fraction of 1 percent was then-Rep. Barney Frank, D-Mass., who once said, "There are a lot of very rich people out there whom we can tax." When asked about the apparent contradiction, Frank said, "I don't trust the (Republican-led state) government to spend the money properly."
The late Sen. Ted Kennedy, D-Mass., cast many votes opposing decreases in the estate tax. But his father, Joe Kennedy, placed his family's fortune in trusts to avoid paying the very estate tax that his son later advocated during his Senate career. The late Democratic tax-the-rich Ohio Sen. Howard Metzenbaum relocated to Florida upon retirement, a move reportedly made so that upon death he would avoid state estate taxes. Based on where he was when he died, mission accomplished.

Then there are the tax-the-rich hosts at cable news channels, with the list led by MSNBC's Rev. Al Sharpton, whose endorsement was vigorously pursued by Hillary Clinton, even though she criticizes Donald Trump for having "paid nothing in federal taxes." Sharpton, according to The New York Times in 2014, owes "more than $4.5 million in current state and federal tax."
It was The New York Times that dropped the "bombshell" that for years Donald Trump "paid no federal income taxes." This would be the same New York Times that, in 2014 -- and who knows what other years -- paid zero federal income taxes.

Donald Trump is a rich businessman. Business people typically do not become rich by willingly pay more in taxes than they believe they owe. He took legal deductions, apparently using losses and his casino businesses to offset his income taxes. Perfectly legal, nothing to see here.

Read More:

Join us - become an Elderado today at:

Follow Larry Elder on Twitter

"Like" Larry Elder on Facebook

No comments:

Post a Comment

Comment Policy:

The author of this blog will attempt to engage in conversation via the comments section whenever possible and recognize the 24/7 nature of the internet. Moderating and posting of comments will occur during regular operational hours Monday through Friday. Comments submitted after hours or on weekends will be read and posted as early as possible, however admins and/or the author is unable to commit to replying to every comment posted.

This is a moderated blog. That means all comments will be reviewed before posting. In addition, it is expected that participants will treat each other, as well as the author and admin, with respect. Comments that contain vulgar or abusive language; personal attacks of any kind will not be posted. Comments that are spam or that promote services or products will not be posted. It is requested that all comments remain on topic.

The Elder Statement blog does not guarantee or warrant that any information posted by individuals on this blog is correct, and disclaims any liability for any loss or damage resulting from reliance on any such information. The Elder Statement blog may not be able to verify, does not warrant or guarantee, and assumes no liability for anything posted on this website by any other person. The Elder Statement blog does not endorse, support or otherwise promote any private or commercial entity or the information, products or services contained on those Web sites that may be reached through links on our Web site.

To protect individual privacy and the privacy of others, please do not include phone numbers, addresses or email details in the body of a comment. Such information will result in removal of a comment.

Thank you for your attention.

The Elder Statement