I am outraged - OUTRAGED! - at recent stories talking about Brett Kavanaugh's youthful indiscretions as if they are all so bad. I mean, that New York Times story about Kavanaugh being involved in a bar fight? Who hasn't done this?
And now the New York Times is going after President Trump for - get this - not paying so much in taxes:
"The Times's investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Trump received the equivalent today of at least $413 million from his father's real estate empire, starting when he was a toddler and continuing to this day.
"Much of this money came to Mr. Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show. Records indicate that Mr. Trump helped his father take improper tax deductions worth millions more. He also helped formulate a strategy to undervalue his parents' real estate holdings by hundreds of millions of dollars on tax returns, sharply reducing the tax bill when those properties were transferred to him and his siblings. ...
"By age 3, Mr. Trump was earning $200,000 a year in today's dollars from his father's empire. He was a millionaire by age 8. By the time he was 17, his father had given him part ownership of a 52-unit apartment building. Soon after Mr. Trump graduated from college, he was receiving the equivalent of $1 million a year from his father. The money increased with the years, to more than $5 million annually in his 40s and 50s."
Already The Washington Post's Philip Bump is arguing that the Times story punctures one of the most important elements of Trump's self — mythology - that he earned his millions through hard work and business savvy.
This is so typical of the New York Times. It did not bother to ask ordinary Americans whether they, too, had engaged in tax avoidance. I have set up dozens of tax avoidance schemes - ask the guys I grew up with. I don't know one guy, including myself, who wasn't setting up tax shelters in high school.
Back in the day, I remember hanging out with my high school friends - I don't remember their real names, but their nicknames were Short Form, Rothy, 1040EZ, and the Itemizer. We used to hang out at Rothy's place after school. We would grab some extra tax forms from the post office and practice itemizing our deductions. dreaming about how we'd devise our own offshore anonymous shell corporations when we grew up. I just checked my old calendar - which I declared as an expense in 1987 - and it reminded me about those good old days, when my buds would come over and we would pore over the Internal Revenue Code before summer camp started.