How the Ochs-Sulzberger (which owns the New York Times) family dodges taxes

 

The NY Times has used hundreds of millions in tax losses to reduce its tax bill.

The company reported an annual loss for 2006 of $543 million. The Times 2006 annual report says the company’s “effective income tax rate was 3.0% because the majority of the non-cash impairment charge of $814.4 million at the New England Media Group is non-deductible for tax purposes.”

 It made bad investments and sold them for massive losses

The Times Company bought the Boston Globe for $1.1 billion in 1993, added the Worcester Telegram & Gazette for $295 million in 1999, and sold them both to Boston Red Sox owner John Henry for $70 million in 2013.

It employed family members as a way to get around gift tax limits

 including not only the outgoing chairman’s son A.G. Sulzberger, who was paid $2,075,313, but also James Dryfoos, who earned $285,022; Pamela Dryfoos, who earned $138,750, and David Perpich, who earned $931,338.

Read the whole thing. 

'Broke And Unemployed' Hunter Biden Slapped With $450K Tax Lien - Which Was 'Resolved' In Six Days

Read the whole thing. The Biden family has a long history of failure to file and pay taxes.

According to the Washington Free Beacon, "The younger Biden owed $238,562.76 in state income taxes from 2017 and $215,328.16 in state income taxes from 2018, according to records from the District of Columbia’s Office of Tax and Revenue. The District of Columbia filed a $453,890 lien against him on July 9."

This isn't the first time Hunter has dodged taxes. In 2018, he was slapped with a $112,805 tax lien, which was resolved this March according to the Beacon.

James Biden has had at least five tax liens filed against him between 1995 and 2015, including one for $589,095 filed in 2015 and released one year later. Frank Biden, another brother of the presidential candidate, has had at least three liens for unpaid income taxes. He said in 2011 that a $32,500 lien in Kentucky stemmed from his struggle with alcohol addiction and was being paid off through a monthly plan, according to the Broward Palm Beach New Times. Joe Biden’s sister Valerie and her husband John Owens have faced at least five tax liens, including one for $229,749 in 1990.