[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Clear
Clear
71°F
 
Calendar
Today in
S.C.V. History
October 22
1898 - Birth of Mary S. Ruiz, eldest child of Enrique & Rosaria Ruiz of San Francisquito Canyon; all died in 1928 dam disaster [cemetery census]


The Real Side | Commentary by Joe Messina
| Tuesday, Oct 4, 2016

joemessinamugWe’ve got ‘em. Democrats are like a new puppy peeing all over itself when you first bring it home. They are all excited that Donald Trump used his knowledge of the broken tax system to take legal advantage of the tax code for his business. He claimed he lost more than $900 million in 1995.

The dictionary defines “fantasy” as “a place that is unreal or imaginary or that excites wonder.”

It’s a wonder, all right. It’s a wonder that the hard left gives a pass to all of the illegal activities of their elected representatives and leaders. Rev. Al Sharpton owes millions in back taxes but is still out of prison. George Soros owes more than $7 billion. No noise about that. And let’s not forget former Treasury Secretary Tim Geitner. Oh, and Democratic Rep. Charles Rangel – he belonged to the committee that wrote tax laws – and Democratic Sen. Claire McCaskill, one of the richest members of Congress. Then there is Tom Daschle, the Dems’ choice for HHS secretary who had to drop out when the media – not the mainstream media – pointed out he didn’t and wouldn’t pay the taxes he owed.

More than 40 Obama staffers owe close to $1 million in back taxes.

Before you start sending me the names of Republicans who owe taxes, save the brain cells. Note that I didn’t say only Dems owed taxes or that only Dems are tax cheats. But I am dealing with the drooling bunch of Dems who are loving that fact that Trump lost money in 1995.

So let’s return from Fantasyland back to the U.S. Many, many, many businesses show a loss when reporting revenue because they write off every legally allowed deduction that both Democrats and Republicans have voted for. Even when the Dems had control of all three branches of the federal government, they didn’t fix any of the tax code. So when they keep saying “we need to close the loopholes,” I say BS. They could have done it and chose not to.

And let’s make a distinction here. The Dems mentioned above chose not to pay what they owed and even failed to report items they were supposed to disclose. Trump declared all and took the proper legal deductions. Big difference.

Every small business in this country who has any CPA worth his money takes every legal deduction available. Are they also guilty of “whatever” Trump is being accused of by claiming a loss and legally not paying taxes?

The Clintons have released their tax returns. “Isn’t that special?” Do you think they, too, avoided paying the much higher taxes they keep asking the 1 percent to pay more of by using legal tax codes? Of course they did.

Also, note that since the Clinton Foundation is a nonprofit, it pays zero taxes. It pays more than 80 percent in payroll, 15 percent-plus in office expenses, and what little is left over makes it to those in need – sometimes.

All of this is within the guidelines of the tax laws of these Unites States.

No complaints from the left. Not a word.

With the way tax laws are written, Trump could have legally not paid taxes for the next 18 years, according to many tax experts. There is no proof whether took advantage of that, yet.

But according to the Wall Street Journal, the Clintons get a pass. Her highness Hillary and her husband King “DropTrou” admitted back in 1996 that they shortchanged the U.S. Treasury on at least five of the federal income tax returns they filed during his tenure as governor of Arkansas. Among other things, they understated their capital gains, failed to report a commodity trading profit, and took many improper deductions for interest payments that were actually made by other taxpayers.

To this day, they won’t acknowledge a much more “in your face” issue with the first Form 1040 they sent to the IRS after arriving in the White House that failed to disclose a taxable $58,000 economic benefit they received as the result of a 1992 (scandalous) agreement that released them from a Whitewater-related debt.

They deliberately lied to the IRS, and according to the American Crossroads web site: “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.”

Nothing to see here, so move along. Right? Wrong.

Let’s go over a few more of the Clintons’ IRS issues, just to hammer it home. According to AmericaRisingPAC:

2014: “The Clintons have shielded their wealth from the estate tax by splitting the ownership of their New York mansion into separate trusts, which allows the home’s appreciation to happen outside the Clintons’ taxable estate, saving them hundreds of thousands of dollars on their taxes.” Hmm… would anyone else call that taking advantage of a tax “loophole?”

2008: “After Hillary Clinton finally released her tax returns, a $24 million discrepancy was discovered in the Clintons’ income reported on then-Sen. Clinton’s personal financial disclosures and the income reported on the couple’s income tax returns.” Oops. Was that just a minor miscalculation?

1994: “The Clintons paid $14,615 in back taxes some 14 years after they failed to report profits from Hillary Clinton’s commodities trading.” Trading fraud. Failure to report. No penalties or interest? Sure, there’s no special treatment there.

The difference:

Trump took advantage of tax programs legally available to business owners but did not take advantage of his legal right not to pay taxes for 18 years (carrying the loss forward).

The Clintons have a never-ending trail of deceit, contempt, cheating and lying to do anything they please, not reporting personal income, fudging the numbers, not reporting Clinton Foundation income; in other words, breaking and ignoring the law to benefit themselves.

If you still can’t see the difference, put down the crack pipe and seek help.

 

Joe Messina is host of The Real Side (TheRealSide.com), a nationally syndicated talk show that runs on AM-1220 KHTS radio and SCVTV [here]. He is also an elected member of the Hart School Board. His commentary publishes Mondays.

 

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

6 Comments

  1. cc says:

    Good article, unfortunately people that need to read it won’t or they won’t understand it it’s like Trump needs to put his ads on msnbc or cnn, although I watch Fox, where I see them, and there are few, I never see anything on the progresdive, liberal stations and the people who watch that don’t get fair and balanced, I saw a pollen last night while walking my dog and he went on about all the Trump violent riots at Trump’s gatherings, I watched hours of those things and saw nothing for months with Trump doing rally up to 10 a week for months but the mayhem left behind by supporters for Hillary or Bernie at its best was mountains of garbage let alone hateful rants and posters fighting and throwing things, if and when a Trump rally had an issue it’s because some of those cronies went to one to start and provoke something.

  2. millie bonazzoli says:

    Trump has hotels and restaurants, they hire servants, people to serve the patrons. He doesn’t make anything, has no factories. His people listened to talk radio, found out what the gripes were, and made that the platform. Now Trump is a front man for his name brand, he’s a salesman, and he’s selling his persona as president. Who’s he fronting for, why not show his taxes, who are his business partners? I assume he will be impeached at some point for gaming the system, his charity, his Univ., something and Mike Pense will be making the decisions. And the Confederate Wing of the Republicans and the Evangelical Republicans want Mike Pense to run the country and choose the next Supreme Court justice. Either way, Trump will have no power, Mike Pense will have the power, because Trump is clueless about DC.
    He has some good ideas, and in the private sector might be able to make changes, but not in DC. So it’s a choice between the lesser evil, and Trumps lack of compassion and sexism swings me the other way.

  3. mellie says:

    Exactly. Keep at it, Joe; the public needs to hear/see the truth about those criminals.

  4. Donald Tramp needs to show us 2015 tax returns. Let’s start there. 1995 was a down market for Real Estate, many property owners had losses. That’s not genius business acumen.

    • Cc mason says:

      Trump is not clueless about anything. Obama was the least qualified person we ever had and his education, not used, was paid 100% by tax payers which he failed like his wife and got an affirmative action degree. You have no idea what your talking about and you don’t understand tax law at all. It’s the Spirit of blindness that you chose as a human being to see what you want to see even if it’s not so…I will never say tge Republicans are perfect but what you people think and say is so far from the truth it has to be an evil spirit because you can’t all be this stupid. Donald Trump never said Mexican immigrants are coming in to commit various crimes, and some may have, he said illegal aliens are criminals, just stepping over the Federal border is a crime, and it’s a Federal Crime, another is illegally being in a National park, which as Americans you can’t trespass in certain Govt parks another crime try to get a job as,an American if you got fined by a Federal peace officer, you can’t. And we haven’t even discussed all the trash left by illegals, where are the environmentalist, and that’s only 3 steps over the border leave out false Id (felony) social services, and dozens of things …they are criminals all of them…I think you should try trespassing in a Federal park, toss some garbage in it as you run from the Federal Police, and remember you are “not” a criminal and see how far that gets you and if you are some kind of government worker in the US, see if you can go back to work after being arrested, you can spit on the streets of NYC in front of a cop but just trespass in a State or Federal park and you are screwed…illegals with no fingerprint in our system are breaking the law in every step they take and yes they murder and rape and rob and I know it first hand all illegals are criminal because they are illegal.

  5. mellie says:

    WOW! CC Mason, you truly nailed it! Good for you; everyone in this country should be educated about this terrible crime being perpetrated against our country by “our own” politicians, et al.

Leave a Comment


Opinion Section Policy
All opinions and ideas are welcome. Factually inaccurate, libelous, defamatory, profane or hateful statements are not. Your words must be your own. All commentary is subject to editing for legibility. There is no length limit, but the shorter, the better the odds of people reading it. "Local" SCV-related topics are preferred. Send commentary to: LETTERS (at) SCVNEWS.COM. Author's full name, community name, phone number and e-mail address are required. Phone numbers and e-mail addresses are not published except at author's request. Acknowledgment of submission does not guarantee publication.
Read More From...
RECENT COMMENTARY
Tuesday, Oct 10, 2017
It was 10 years ago this fall semester that we opened the Canyon Country Campus on Sierra Highway. We are celebrating a decade of academic excellence and community impact. What a difference a decade makes.
Tuesday, Oct 3, 2017
The Trump budget proposes decreasing funding to the Department of the Interior by $1.5 billion. Trump is calling for more drilling in national parks and monuments. He plans to open BLM land to drilling and fracking.
Tuesday, Oct 3, 2017
We are quickly approaching the culmination of the year-long celebration of our city’s 30th anniversary. It is truly a time to celebrate all the hard work, dedication, perseverance and passion that took our City from being a tiny portion of Los Angeles County to the thriving third largest city in the county.
Tuesday, Oct 3, 2017
This month marks an exciting milestone for the premier arts and entertainment district in Santa Clarita.
Friday, Sep 29, 2017
Kaepernick has never spoken of personally experiencing any negative interactions with the police. Appearances are he had a pretty nice life provided by people with white skin while living in a country that presented him with obvious, mind-boggling opportunities.
Thursday, Sep 28, 2017
Despite its close proximity to the city of Barstow, Rainbow Basin remains virtually undiscovered. It is well worth a visit. Visitors to the area can find scenic opportunities for hiking, rock scrambling, camping, photography, sightseeing and horseback riding.

Latest Additions to SCVNews.com
Bobbi Jean and her husband Jim Bell, whose OutWest clothing store and popular TV concert series celebrated all things Western and equestrian and helped revitalize Old Town Newhall over the past decade, will soon ride east into the sunrise: They’re moving to New Mexico.
OutWest Owners Jim and Bobbi Jean Bell Ride East Into the Sunrise
1898 - Birth of Mary S. Ruiz, eldest child of Enrique & Rosaria Ruiz of San Francisquito Canyon; all died in 1928 dam disaster [cemetery census]
2007 - Buckweed fire chars 38,000 acres, destroys 21 homes in Canyon Country and Agua Dulce [story]
Tonight on SCV NewsBreak, a sexual assault suspect was arrested Thursday night. Plus, some great weekend events. Watch these stories and more on tonight's edition of SCV NewsBreak.
SCV NewsBreak for Friday, October 20, 2017
Forever Fit SCV, a Santa Clarita sports and personal fitness training company, will host a "Pumpkin Workout" at its Centre Pointe location on Saturday, October 28, starting at 9 a.m.
Oct. 25: Pumpkin Workout Benefits American Cancer Society
The next regular meeting of the Governing Board of the William S. Hart Union High School District is set for Wednesday, Oct. 25 at 7 p.m.
Oct. 25: Hart School District Governing Board Meeting
The LA County Public Defender has won the Silver Eagle Award for its Public Defender Jail Liaison Program during the 31st Annual Productivity and Quality Awards Ceremony on Oct. 18 at the Dorothy Chandler Pavilion.
LA County Public Defender Soars with Silver Eagle Award
The Los Angeles County Health Officer has issued a heat alert as high temperatures have been forecast for the Los Angeles Basin on Monday, October 23 through Tuesday, October 24.
Heat Alert for SCV, L.A. County on Monday, Tuesday
The Academy Museum of Motion Pictures has received three major gifts toward the creation of the museum in Los Angeles, bringing fundraising to more than $300M, nearly 80 percent of its $388M campaign goal.
Motion Picture Museum Nears $388M Campaign Goal
Caltrans added nearly 1,200 lane miles of pavement repair and 66 bridges to its growing list of projects to be delivered sooner than planned, thanks to the imminent influx of revenue from the Road Repair and Accountability Act of 2017 (SB 1), the transportation funding and reform package passed in April.
Nearly $3.4 Billion in Transportation Projects to Be Accelerated
The city of Santa Clarita and SCV Veterans Memorial, Inc. invite the public to attend a special ceremony unveiling the new Fallen Warriors Monument at Veterans Historical Plaza in Newhall on Wednesday, November 8 starting at 10 a.m.
Nov. 8: City Unveils Fallen Warriors Monument in Newhall
Crime Prevention deputies from the Santa Clarita Valley Sheriff's Station along with Los Angeles County Probation Department officers conducted probation compliance searches Friday throughout the Santa Clarita Valley.
SCV Deputies Check Probationers, Aid in Domestic Violence Call
Here is the Santa Clarita Valley Sheriff Station's public safety report for Canyon Country (West), aka Zone 7, for October 2 through October 8, 2017
Crime Blotter: Robbery, Grand Theft in Canyon Country West
A suspect has been arrested in the investigation of an alleged sexual assault, according to Santa Clarita Valley Sheriff's Station officials.
Suspect Arrested in Alleged Sexual Assault
Motor vehicle collisions are the leading cause of death for teens in the United States and a concern the California Highway Patrol addresses with its "Start Smart" program.
CHP Helps New Drivers with ‘Start Smart’ Classes
The California High-Speed Rail Authority punted one of the most important decisions during its monthly meeting Thursday, stoking concerns the entity is not moving quickly enough on the $64 billion project.
California’s Bullet Train Board Delays Award of Key Contract
An extensive investigation by the county of Los Angeles Department of Consumer and Business Affairs in conjunction with the office of California Attorney General Xavier Becerra has resulted in a lawsuit announced today by the Attorney General against retailer Curacao.
AG Sues Retailer Curacao for Allegedly Preying on Consumers
1873 - Santa Barbara lawyers Charles Fernald and J.T. Richards purchase Rancho San Francisco for $33,000 (75 cents an acre) in a sheriff's sale [story]
CHESTERFIELD, MO — NewGround, a St. Louis-based experiential design-build firm, recently teamed up with Logix Federal Credit Union to work on a large scale facility project, a new corporate headquarters building for the full-service credit union in the Burbank, California area.
Valencia Will Soon be Home to Logix Federal Credit Union Headquarters
The CSUN women's volleyball team (10-9, 4-3 Big West) opens the second half of the Big West season this week as the Matadors head up the coast this week for road tests at No. 23 Cal Poly (17-2, 7-0 Big West) and UC Santa Barbara (4-15, 3-4 Big West). CSUN, coming off a tough five-set loss to Hawai'i at home, is 3-4 in seven road matches this season but has won two of three Big West road contests.
Matadors Volleyball Testing Their Skills on the Road
No. 5 College of the Canyons defeated L.A. Mission College 3-0 on Wednesday to earn its eighth consecutive match and fifth straight sweep. Set scores were 25-15, 25-11, and 25-20.
Cougars Volleyball Earns Fifth Straight Sweep
CSUN Women's Soccer (7-4-5, 3-1-1 BWC) looks to move up in the Big West standings this week as it hosts UC Irvine on Thursday at 7:00 p.m.
Matadors Get Ready for Big West Matchups
Behind Julio Rubio's goal in the 11th minute CSUN defeated UC Riverside 1-0 in Big West Conference men's soccer action Wednesday night.
Matadors’ Lone Goal Enough to Hold Off UC Riverside
Northridge, CA – CSUN Athletics officially opened its new satellite athletic training facility on Thursday at an event featuring Athletic Director Dr. Brandon Martin, Assistant Athletic Director for Sports Medicine/Head Athletic Trainer Steven Grech, student-athletes, coaches, staff and campus partners.
Matadors Student-Athletes Welcome New Training Facility
Want unique gifts and a shopping experience unlike any other?
Nov. 18-19: City’s Annual Two-Day Fine Craft Show
City officials gathered Wednesday for the Grand Opening of "Three Oaks," the first 100 percent affordable family development in Santa Clarita.
Affordable Housing Comes to Santa Clarita
The Gibbon Conservation Center will celebrate Halloween for the first time on Saturday, Oct. 28 from 10:00 a.m. - 1:00 p.m.
Oct. 28: Gibbon Conservation Center Celebrates First Halloween
California State University, Northridge is partnering with the California State University Entertainment Alliance to host a morning of workshops designed to offer students and members of the public advice on building successful careers in the entertainment industry.
Oct. 23: CSUN Workshop; Succeeding in Entertainment Industry
Spotlight Arts Center, a local non-profit that provides free performing and visual arts classes to children in the Santa Clarita Valley, will hold its Fall Festival, Sunday, Oct. 22 from 11:00 a.m. - 3:00 p.m.
Oct. 22: Fall Festival Spotlight Arts Center
The College of the Canyons Athletics department is inviting all players, coaches and cheerleaders associated with a Santa Clarita Valley youth sports league or cheer organization to attend Saturday's Cougar football game free of charge.
Oct. 21: SCV Youth Teams Invited to Free COC Football Game
College of the Canyons freshmen Joanna Roecker and Cassandra Lee both turned in scores of 79 to lead the Cougars to a second place team finish at the Western State Conference (WSC) event hosted by Glendale College at Brookside Golf Course on Monday.
COC Falls Short at WSC Glendale
Beginning Monday, October 23, 2017, the city of Santa Clarita will increase the frequency of street sweeping throughout all areas of the City.
Oct. 23: City Begins Increased Street Sweeping Frequency
In a battle for Western State Conference, East Division supremacy, it was College of the Canyons that came out on top Tuesday night, as the Cougars scored two second half goals to secure a 2-0 win against visiting Antelope Valley College. Justine Hoeft and Jennifer Roney collected goals for the Cougars (11-2, 2-0).
COC Secures Win Against AVC With Two Second-Half Goals
The upcoming 10-year anniversary of the Buckweed Fires offers Santa Clarita residents a reminder of the ever-present fire danger in Los Angeles County, as blazes ravage the northern half of the state, as well.
Officials Reflect on 10-Year Anniversary of Buckweed Fires
Deputies from the Santa Clarita Valley Sheriff's Station, with help from a Smartphone GPS system, were able to locate a lost hiker Wednesday night at Towsley Canyon.
Smartphone GPS Locates Lost Towsley Canyon Hiker