The New York Times has just recently made headline as it was on the verge of having serious legal problems as a result of its actions regarding Donald Trump's tax returns. The executive editor of The New York Times braves up to say that he would risk jail as long as he published the presidential candidate's tax returns.
The editor turned his words into reality as The New York Times published the tax documents of Donald Trump, going back to the year 1995. The documents show that Trump has lost $916 million during that year. With this, avoiding paying the federal income tax for 18 years is most likely to happen.
To better understand what a 'return information' is, here is a definition of it: It is the "amount of his income, payments, receipts, deductions, exemptions, credits, assets, liabilities, net worth, tax liability, tax withheld, deficiencies, overassessments or tax payments."
The New York Times also published confidently the income tax return of Donald Trump in New York back in 1995, as well as the first page of his New Jersey non-resident tax return. The Time was not contented, and so they published the other first page of Trump's non-resident tax return in Connecticut.
The law that New York has stated that it is illegal "to divulge or make known in any manner the amount of income or any particulars set forth or disclosed in any report or return." It is possible that non-government employees who violate this law will be fined in no more than $10,000 as well as face one-year imprisonment.
Fortunately, the Concurring Opinions asked 10 experts in the issue and lead to a conclusion that The New York Times is still on safe waters as it was not the one to directly assess the tax documents of Donald Trump.
Surely, The New York Times needs to be extra careful next time.
