Perspectives: New York Times Report on Trump's Tax Returns

Headline Roundup September 29th, 2020

An extensive New York Times report detailing President Donald Trump's financial history and tax information has commanded attention throughout the media this week.

Some left-rated voices say the records prove Trump to be a hypocrite and poor money manager who purportedly has shady financial connections and manipulates the system to avoid paying taxes. Other voices throughout the spectrum, particularly on the right, say the financial records indicating low income tax payments are normal for a businessperson who has multiple large assets and revenue streams. More analyses are concentrated on how the news could impact the presidential race.

Perspectives: New York Times Report on Trump's Tax Returns

From the Center
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ANALYSIS

On Sunday, a New York Times exposé on President Trump’s tax returns revealed decades of tax avoidance and millions of dollars in business losses over the past two decades. The picture painted by Trump’s returns is sharply at odds with the shrewd, deal-making image the president has tried to fashion as a real estate mogul and TV star on a show built around his business prowess, “The Apprentice.” Now, five weeks from Election Day, the question is will these new revelations affect the presidential race?

There are really two parts...

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From the Right
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OPINION

The New York Times really needs to get its complaint straight. Apparently, President Trump is a no-good businessman who never makes any money, and so he aggressively avoids tax payments, paying just $750 in income taxes in 2016 and 2017 (if the report is true, which Trump has unsurprisingly called "fake news"). No doubt, he has to be aggressive to ensure he doesn't pay taxes on money he hasn't made. Or maybe it's all just another reason to stand in Midtown Manhattan shrieking about Trump.

Because there's nothing in Trump's...

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From the Left
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ANALYSIS

The explosive New York Times report on Donald Trump’s tax returns confirms a great number of things about the president’s finances we’ve only been able to speculate about for years. We now know that Trump really was telling the truth when he claimed, beginning in the 2016 presidential campaign, that he was being audited by the Internal Revenue Service (though such an audit would not prevent him from releasing his returns—that part he really did make up). We also now know—though we basically already did—that while Trump made a lot...

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