John Oliver, the very Anti-Trump liberal host of Last Week Tonight, formerly of the Daily Show, has been outed after it turns out he had been using the very same tax loophole that President Trump in part created, in order to keep his very expensive, $9.5 million apartment in New York City.
The tax loophole was created in the 1970’s, and helps to keep taxes low on NYC property if you can qualify. Of course, most celebrities in New York, despite being anti-Trump, have had the good sense to use his laws. All while complaining about the president’s tax documents, which polls have shown, normal Americans don’t care about.
What would happen if these celebrities were asked to reveal their tax returns?
Breitbart has more:
The Observer’s Ken Silverstein reports:
Donald Trump is wildly unpopular with coastal elites, but few despise him as feverishly as the Hollywood Brigades, led by Meryl Streep, and the late night comedian squadrons, headed by The Tonight Show’s Stephen Colbert, The Daily Show’s Trevor Noah, and Last Week Tonight’s John Oliver.
The hypocrisy really gets ratcheted up with John Oliver, the No. 1 darling to so many liberal anti-Trumpies, who regularly attacks GOP tax schemes as giveaways to the rich and detrimental to the poor. (Again, that’s an apt description, but they evinced less rage about Obama’s economic and tax policies, which also funneled money upward to an extreme degree.)
For years, Oliver has criticized the estate tax, which defenders, in a smart linguistic move dreamed up by Frank Luntz, long ago labeled the “death tax”; and the tax code’s raft of loopholes that benefit special interests he identified as oil companies and hedge fund managers. Oliver even briefly established the bogus Our Lady of Perpetual Exemption to draw attention to tax-exempt status granted to churches and charities.
Back in July 2014, in an episode in which he lamented the Wealth Gap in America” (which has resulted in the richest one percent of Americans controlling 20 percent of annual income), Oliver said, “At this point the rich are just running up the score…What sets America apart is that we are actively introducing policies that disproportionately benefit the wealthy,” such as tax cuts and loopholes like trusts.
So it’s a little surprising to discover that just months before, Oliver had a tax attorney set up two revocable trusts, one for him and one for his wife, to hide the couple’s purchase of a $9.5 million Manhattan penthouse. Then he used a tax loophole created by Donald Trump himself back in the 1970s, when the current president was merely a prominent New York real estate developer and aspiring celebrity author.