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    Clinton Campaign Admits Hillary Used Same Tax Avoidance "Scheme" As Trump

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    sinister_midget
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    Clinton Campaign Admits Hillary Used Same Tax Avoidance "Scheme" As Trump

    Post  sinister_midget on Sun Oct 02, 2016 11:22 pm

    Clinton Campaign Admits Hillary Used Same Tax Avoidance "Scheme" As Trump

    Well this is a little awkward. With the leaked 1995 Trump tax returns 'scandal' focused on the billionaire's yuuge "net operating loss" and how it might have 'legally' enabled him to pay no taxes for years, we now discover none other thanHillary Rodham Clinton utilized a $700,000 "loss" to avoid paying some taxes in 2015.


    ..........


     
    While not on the scale of Trump's business "operating loss", Hillary Clinton - like many 'wealthy' individuals is taking advantage of a legal scheme to use historical losses to avoid paying current taxes.

    As Bloomberg notes, this federal tax break is among the wealthy's most used avoidance schemes...


    Those 1.1 million folks in the 1 percent, as measured by the TPC, have annual income that averages a little less than $700,000. The top one-tenth of that group, some 110,000 households, average about $3.6 million, according to Howard Gleckman, a senior fellow at the TPC.2
     
    The middle of the pack, some 33 million people, have pretax income ranging from $45,000 to $80,000. The lowest one-fifth of taxpayers, a universe of about 47 million Americans, have income up to about $24,000.
     
    Among the biggest of these givebacks, courtesy of the Internal Revenue Service (well, really Congress), are capital gains and dividends—these are the biggest way the wealthiest benefit.


    In the words of Hillary Clinton's campaign manager, "this bombshell report reveals [Hillary Clinton's] past business failures... and may show just how long [Hillary Clinton] may have avoided paying taxes."

    I guess it's not so awful now.






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    Re: Clinton Campaign Admits Hillary Used Same Tax Avoidance "Scheme" As Trump

    Post  sinister_midget on Sun Oct 02, 2016 11:29 pm

    Flashback: Reuters Audit Finds Clinton Charity Hiding Foreign Donations on IRS Tax Filings…

    With all the MSM banter about taxes today in the headlines, here’s a report that was conveniently dismissed by the same pearl-clutching media.  In April 2015 Reuters reported on Hillary Clinton’s family charities falsifying tax filings to the IRS and not reporting donations from foreign governments...


    (Reuters) Hillary Clinton’s family’s charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation returns in case of other errors.




    […]  The charities’ errors generally take the form of under-reporting or over-reporting, by millions of dollars, donations from foreign governments, or in other instances omitting to break out government donations entirely when reporting revenue, the charities confirmed to Reuters.


    The errors, which have not been previously reported, appear on the form 990s that all non-profit organizations must file annually with the Internal Revenue Service to maintain their tax-exempt status. A charity must show copies of the forms to anyone who wants to see them to understand how the charity raises and spends money.


    […]  For three years in a row beginning in 2010, the Clinton Foundation reported to the IRS that it received zero in funds from foreign and U.S. governments, a dramatic fall-off from the tens of millions of dollars in foreign government contributions reported in preceding years.


    Those entries were errors, according to the foundation: several foreign governments continued to give tens of millions of dollars toward the foundation’s work on climate change and economic development through this three-year period. Those governments were identified on the foundation’s annually updated donor list, along with broad indications of how much each had cumulatively given since they began donating. (read more)


    Darn! She got another one-up on Trump!


    Her crime syndicate makes "error" after "error" after "error." Which qualifies her to hold a position of responsibility and sit in the Oval Office.






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