NY Times Paid No Income Taxes !
 

Forbes magazine : 10/2/16


… for tax year 2014, The New York Times paid no taxes and got an income tax refund of $3.5 million even though they had a pre-tax profit of $29.9 million in 2014.

In other words, their post-tax profit was higher than their pre-tax profit.

The explanation in their 2014 annual report is, “The effective tax rate for 2014 was favorably affected by approximately $21.1 million for the reversal of reserves for uncertain tax positions due to the lapse of applicable statutes of limitations.” If you don’t think it took fancy accountants and tax lawyers to make that happen, read the statement again.

////

Classic Liberal Behavior ------ " Look at him but don`t look at us " !

////

NY Times ------- Barff !

A Socialist organization skirting the law and then playing " pot call the kettle black " ------- so what`s new ?

///

Now why is it that our vociferous, bombastic dems that are so knowledgeable about Trumps tax status but not the New Your Times?

Oh thats it. The subject was not on the talking points therefore go to the blamr Bush routine or ignore it and hope it goes away.

Such :censored: hypocrites!!

Why should the times income tax be important to anyone?

As usual passing right over the just and intent of the post to create a distraction.

Ah let's see NYT pays no taxes....what's the problem?

Trumo pays no taxes...BFD

Forget it...we understand there is only so much that can be gleened from the talking points.....limiting the ability to stay on point.

Oh I guess that is the point!

Congratulations. Step up and get your talking points bonus updates.

The title of the thread is NY Times Paid No Income Tax I wish that they did. I don't know why they didn't. And unless someone shows how this affects the outcome of the race, I don't know why it gets much attention.

The NY Times made a profit in the year in question . However they and legitimate Tax Loss Carry Forwards which they applied to their taxes due and enabled them to not pay any income tax in that particular tax year .

The reason this is an issue of note is due to the fact that Trump did exactly the same thing and used some massive Tax Loss Carry Forwards " to eliminate having to pay income taxes for some number of years .

Except the Times cries " Foul " at Trump while availing themselves of this very legitimate accounting and tax computational provision .

Boy you guys are gonna run out of papers to read.

The NYT is not running for President of the United States.

They PROBABLY NEVER LOST 916 MILLION in 1 year.

Just sayin :Screen_of_Death:

Nor has the NY Times ever made $916 Million in a given year .

Still missing or raher ignoring the point...your wasting your time as everybody else gets it!