Posted on 05/11/2016 5:01:00 PM PDT by JayGalt
Tax Warrior Chronicles Last week, at the Republican presidential debate in Houston, GOP frontrunner Donald Trump claimed he could not release his tax returns. "I will absolutely give my return, but I'm being audited now for two or three years, so I can't do it until the audit is finished, obviously,” he said. But how much of this is true? Here’s what The Tax Warriors® have to say…
(Excerpt) Read more at taxwarriors.com ...
I stand corrected...See my next post. Nevertheless....doesn’t mean anything.
I agree, hopefully the speech will be leaked eventually.
I wouldn’t release them while under audit. I’d wait to see what the IRS says I did wrong...or right.
I don’t want to know about Trump’s tax returns, and I don’t care about them.
That said, I hope he uses every tax law available to him to pay as little as possible in taxes, considering how government wastes our tax dollars. Even if he doesn’t pay a single penny in taxes, so there!
If the “great unwashed socialists” want to get all bent out of shape about it, let them take it up with congress, who passes all these loophole laws.
Besides, the more Trump keeps, the more jobs he can create, a benefit to the rest of us, who can’t take advantage of the loopholes.
Tell Mitt to shove it, Trump. Go ahead, only the sinful envious will get their panties in a twist. Those of us who are reasonable will cheer you on!
He is right.
Releasing the tax returns will only guarantee a feeding frenzy by those who have no conception of what they are talking about and who will seek counsel from the “experts” with an agenda.
Releasing one’s tax records isn’t a constitutional requirement in running for president. It’s none of my business nor anyone else what a person earns. In fact, it’s a huge invasion of privacy.
This is all BS. It has been since candidates started releasing such information. It is NOT required, and a person’s income tax return is not necessarily reflective of wealth or poverty.
As a candidate for elected public office, I never released anything more than was required by election law, and then only under protest for the requests that strayed beyond outside contributions and disbursements.
The bottom line: It’s nobody’s damn business.
OPPO rea each and free discovery in any litigation he has. Screw that.
Thanks.
I found this on her web site: https://www.hillaryclinton.com/tax-returns/
Quite a bit there. Turns out the ‘charitable’ donations they claimed went to their own enterprises LOL!
: http://www.americanthinker.com/blog/2015/08/hillary_clintons_tax_returns_the_most_hilarious_chart.html
Political decision, if she released her’s he’ll probably have to release his.
He needs a tax expert to negate Romney’s claims.
Tax returns do not disclose transactions. They do not reveal anything more than the name of the entity, its federal ID number, and the distributive share of income, losses, gains, etc. Not co-owners, business relationships or any of the stuff Romney claims to want to see.
Romney is a moron or a liar. But, Trump has missed an opportunity.
Trump should not now, not ever, release a tax return, and if he must, no more than page 1, Form 1040. No details. On a complex tax return, there are innumerable ways to question the taxpayer’s “honesty,” even if the complaints are not valid. In the media, they are assumed to be valid on page 1 above the fold, and if proved invalid, it shows up on p.32 Section B. It costs time and energy to prove one’s honesty. In the meantime he is crucified unjustly.
The short answer is there is no reason why an audit would matter whether you release your tax returns or not.
The feds already have all his info, so he’s not giving them anything they already don’t have.
Your political enemies will use the info against you? Yeah whether you are being audited or not that’s true. Your business competitors will learn about your businesses. Yeah, that’s true whether you’re being audited or not.
You don’t legally have to. Yeah, but that’s true whether you’re being audited or not. Your lawyer doesn’t want you to release anything publicly? Yeah. lawyers never want you to release anything unless you’re forced to.
They would be too complicated for people to understand? Yes, but again, they’re just as complicated whether under audit or not.
In short, there’s no reason why being audited should have any weighting on whether he should release them or not.
So why hasn’t he released them?
Because he doesn’t want to. It’s that simple. The audit crap is just an excuse.
My guess why he hasn’t released them? Because real estate gives you the best tax deductions, from mortgage interest to writing off travel and repairs and depreciation. My guess is with so much money in real estate, he pays a pretty low adjusted marginal tax rate.
Of course, Ted is still looking for payment to a Concrete Company for "boots".
What do people think they are going to find? Just ignorant.
Why in God's name would I release all the names of my banks etc. as shown on my tax returns. It's truly no ones business.
Let people look at the disclosure form. That's what is required.
And that's all that any candidate has ever submitted.
Wrong.
She may have exaggerated on the 30 years, but her COMPLETE returns (filed jointly with Bill) are available at the Tax History Project Website for the years 1992 through 2014. Rubio, Cruz, Kasich, and Sanders have only released their 1040 forms.
Sorry for the red, that wasn’t intentional.
I corrected myself already and posted that same site.
See my post #18
I think the answer, or at least a pretty big part of it, is green-eyed jealousy. They’re salivating to rifle through Trump’s finances.
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