Personal Responsibility

On the Media

WNYC Studios

Magazine, Newspapers, Media, 1st, Advertising, Social Sciences, Studios, Radio, Transparency, Tv, History, Science, News Commentary, Npr, Technology, Amendment, Newspaper, Wnyc, News, Journalism

4.6 • 8.7K Ratings

🗓️ 7 October 2016

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The complicated history around fairness and taxes in America. Plus, our series on poverty continues with a look at the "deserving" and "undeserving" poor.

Transcript

Click on a timestamp to play from that location

0:00.0	From WNYC in New York, this is on the media. I'm Brooke Ladstone.
0:05.1	And I'm Bob Garfield.
0:09.0	Last Saturday, the New York Times released a bombshell report, offering the first look into the mythical tax returns of Donald Trump.
0:18.8	Someone mailed the New York Times several pages of Trump's 1995 tax record.
0:24.3	Documents show Trump declaring a loss of nearly a billion dollars.
0:28.6	Trump's billion dollar loss in 1995 could have exempted him from paying federal income tax for two decades.
0:35.5	Could it be?
0:36.7	After all these months, after all the
0:38.9	outbursts and hate speech and scandals and lies, that the thing to discredit Donald Trump
0:46.3	would be tax loss carry forward? With criticism rushing at him full force, Trump and his
0:53.8	proxies tried the usual jujitsu to flip the narrative in his favor.
0:59.2	I have brilliantly used those laws to pay as little tax as legally possible.
1:05.2	The man's a genius. He knows how to operate the tax code for the benefit of the people he's served.
1:10.0	And I think the worst part, Chris, is this is the tax code that people in America suffer under
1:15.0	every day.
1:16.6	This is also known as trying to make a silk purse, a golden-clasped silk purse,
1:22.9	beaded with diamonds and pearls, out of a sow's ear, because nobody likes to pay taxes, right?
1:29.8	Props to Donald for outsmarting Uncle Sam.
1:34.1	Yeah, no, wrong.
1:36.1	According to Stephen Wiseman, author of The Great Tax Wars,
1:39.3	even if we think government is bloated and inefficient,
1:43.4	Americans historically are more than willing
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from WNYC Studios, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of WNYC Studios and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.