LOL: Maddow's Trump scoop backfire has tax experts at NY Times embarrassing themselves

This tweet is in the running for "Tweet of the Year" https://t.co/kz8A7IW5wt

— Mickey White (@BiasedGirl) March 15, 2017

On MSNBC last night, Rachel Maddow’s promoted “scoop” about Donald Trump’s taxes turned into a huge letdown for the Left. After it turned about that Trump did in fact pay about $38 million in federal tax in 2005, the spin began. Cue the New York Times tax analysts:

By claiming losses, President Trump apparently saved millions of dollars in taxes that he would otherwise have owed https://t.co/94qDk0tctO

— The New York Times (@nytimes) March 15, 2017

Breaking from the Times: Trump’s return indicate he follows laws!

Are you telling me that you can legally claim losses to lower your taxes? Mind = blown https://t.co/oxCJNHyLj4

— Jesus Rangel (@Jsusran) March 15, 2017

Accounting 101!

That is why you claim a loss. It is perfectly legal. I will do it this year, and did do it last year

— Aaron Gentle (@realAaronGentle) March 15, 2017

I’ve never heard of anyone doing this. It must be unprecedented. https://t.co/1hiQDQdn3P

— Charles C. W. Cooke (@charlescwcooke) March 15, 2017

https://twitter.com/JustEric/status/842008258554560512

Also known as "complying with the tax code" https://t.co/GeMQcTmVOX

— Buck Sexton (@BuckSexton) March 15, 2017

@nytimes Damn that tax code that legally allows for such things. ?

— Zombie Dachshund (@ZombieDachshund) March 15, 2017

https://twitter.com/NolteNC/status/841999844021555202

That's how tax law works. You ever read your own financial section? https://t.co/G1dtzGI615

— Leslie ن (@LADowd) March 15, 2017

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This is how accounting works https://t.co/Kduz5voEUg

— Wu-Tang Financial ? (@Wu_Tang_Finance) March 15, 2017

https://twitter.com/molratty/status/841989727767134209

These people really think every dollar we make belongs to the govt.@nytimes https://t.co/XwacCoFdU7

— Holden (@Holden114) March 15, 2017

Here’s a good closing question:

Does the New York Times Co. not claim its losses? https://t.co/3IjPEGA0bs

— James Taranto (@jamestaranto) March 15, 2017

Only their accountants know for sure:

The New York Times Co. Posts a Loss http://t.co/0AACOCFQ

— The New York Times (@nytimes) July 26, 2012