The Clintons take tax deduction for Bill’s used underwear

The Clintons deducted from the federal income tax returns the “value” of Bill’s used underwear that the Clintons supposedly donated to charities.

As reported by Lloyd Grove, Washington Post, on 12/28/1993:

“Several experts were consulted about Clinton's tax-deductible donations, especially of underwear. Paul Offenbacher, a longtime Washington-area tax accountant, said it is highly unusual to take an itemized deduction on donated underwear; indeed, he had never heard of such a thing. Adelphi University psychology professor George D. Goldman, a New York-based psychoanalyst who studies the unconscious symbolic meanings in human behavior, said the donations are, at the very least, fodder for intriguing speculation…

"We don't get too much underwear here; I don't think people want that too much," said Joe Cheslow, a senior resident at the Union Rescue Mission, a haven for homeless people in Little Rock, Ark., that has been a frequent beneficiary of the Clintons' tax-deductible largess. The mission thrift shop has been known to sell used underwear, displayed in bins, at 95 cents a pair….

The Clintons, and their cheerleaders in the MSM, are now questioning why Trump took a legal deduction for a business loss of about $900 million twenty years ago.  There is no question that one can take a tax deduction for business losses and carry back and forward such a loss to reduce his income.

Trump’s net operating loss was a legitimate loss that is a legitimate deduction a business should deduct.  It is not deducting used underwear.

Now we have the Clintons, and their cheerleaders in the MSM, question a deduction for a net operating loss, while giving a Comey a pass on the Clintons.

What does it tell us about the character of the Bubbas that they deducted Bubba’s used underwear?

The Clintons have a Clinton Family Foundation, which is separate from the Clinton Foundation.  The Clintons’ charitable contributions that they deduct are made to the Family Foundation that they control:

The significantly smaller Clinton Family Foundation is a traditional private foundation that serves as the vehicle for their personal charitable giving. ... Headquartered in Chappaqua, New York, it received nearly all of the approximately $14 million the Clintons gave to charity from 2007–13.

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