atans1

When the Progressives lie, it’s not a lie

In Media on 11/01/2017 at 4:38 pm

See how the NYT Dealbook reports and analyses the news when a standard bearer of the hard left misrepresents the truth about Trump’s appointees. If it had been Trump who got his facts wrong, I’m sure the headline would be screaming that Trump is lying.

LKY has a point about muzzling the media

Trump Appointees’ Taxes

“Not only is Donald Trump giving a gang of billionaires control of our government, he’s offering them a special tax break just for signing up.”

So said Senator Elizabeth Warren, Democrat of Massachusetts, when criticizing how the tax code allows government appointees to defer paying taxes on stock sales.

Not true, says Andrew Ross Sorkin. The crucial point is that the taxes are deferred — not eliminated.

If there is a benefit, it allows executives to diversify out of their own stock. But if they want to cash out and buy a house, for example, they will pay the full tax bill. Some, like Steven T. Mnuchin, the nominee for Treasury secretary, may actually lose money on some of the assets they have to sell because their holdings are in illiquid assets, like private equity funds, that have to be offloaded at a discount.

Of all the potential conflicts of interest that Mr. Trump and his cabinet picks may present, the tax treatment they receive in this instance is not one of them, Mr. Sorkin writes.

 

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