The Sept. 29 print headline, “Trump’s finances feared (as) a security risk” and the Associated Press story below it raises the concerns of experts. It’s based on New York Times disclosures about President Donald Trump’s federal tax returns and debt he owes to foreign governments or individuals.
But, if Trump paid little in U.S. income taxes, it’s government tax policies that cause people to employ accountants to ensure their deductions are legal. What is the security risk if Trump’s accountants made the best of laws to keep their client’s money from going to government waste?
As a senior citizen who financed my retirement, I became experienced in managing my income taxes to take advantage of the tax code. During the Great Recession, some of my invested sums had severe losses. I sold investments to protect the overall principal, and carried losses into the following year. Some of these rules favoring investors were enacted under President Barack Obama.
I am certain that a person with Trump’s complex finances has the counsel of accountants with advanced knowledge in IRS and state tax regulations. The owners of the South Jersey Times and other media properties also have astute accountants who take advantage of state and federal tax codes.
When you back politicians who cause downturns in investment markets, think of the senior citizens who are affected when there are losses and similar trends.
Media conglomerates that support “tax-the rich” polices editorially are akin to pots calling the kettles greasy. God bless the part of the press that expresses conservative opinions.
Gerald Keer, Turnersville
Freeholders accepted election results — why not Trump?
As someone who served two terms on what is now known as the Gloucester County Board of Commissioners — a name change from “freeholders” that I fully support — we all accepted the election results, win or lose.
Yet, President Donald Trump has indicated he’ll guarantee to accept the results only if he wins reelection. If he loses, he’ll say the election was rigged and do everything possible to stay in power.
No wonder he admires murderous dictators like Vladimir Putin, Kim Jong Un and President Recep Tayyip Erdoğan of Turkey. What a sad message Trump sends to our young people.
Paul A. Oland, Mullica Hill
The best pair for Pitman
I am supporting incumbent Democratic incumbents Matt Weng and Adam Mazzola in this year’s Pitman Borough Council election. As a former councilwoman in Pitman, I am aware of the dedication and vision required of those who serve on the council. Knowing Weng and Mazzola, I am certain they will provide the experienced leadership Pitman deserves.
Weng has worked on council to streamline the cleanup process for abandoned properties and he has coordinated with local, county and state officials to safeguard our community and first responders during the COVID-19 pandemic. Mazzola has worked with local businesses as the council’s public property liaison to facilitate outdoor dining on sidewalks and in parking lots during indoor dining restrictions. They have either maintained or improved our borough services while keeping municipal property tax rates stable.
They have earned my vote, and I am asking you to join me in supporting them.
Debra J. Higbee, Pitman
Editor’s note: Incumbents Weng and Mazzola face Republicans Sara Boulton and Christophe Wilson for two council seats on Nov. 3 ballots.
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