Donald Trump’s Tax-Return Dodge

[candycorn]

I see the left is shitting themselves again because Trump refuses to release his tax returns, like they could understand them anyway.

Shitting themselves? Hardly. Just pounding him again on something that highlights that he is hiding something.

Get used to it.

Yep, you'll be doing it for the next 8 years.

Sure fuck stain….

Error | US Message Board - Political Discussion Forum

 

[kaz]

I bet there isn't a libtard on this forum who pays more taxes than he has to. Amiright?

Deflection

Truth.

Still...Deflection

So what are you looking for in Trump's returns that would make you vote for him?

I guess that's why I don't care, I'm not voting for him no matter what his tax returns show

 

[AnCap'n_Murica]

I understand the Donald is going to email his returns to the Beast.

View attachment 85024

 

[candycorn]

Poor Donald.... it's amusing how his trumpsters don't care. if it were Hillary Clinton, they'd be foaming at the mouth.



Unlike every major-party Presidential candidate since 1976, Donald Trump will not release his tax returns. He’s being audited by the Internal Revenue Service, he has said, and so he will not release any return, for any year, until the audit is complete. Beyond that, his campaign has made it clear that, regardless of the status of the audit, Trump will not be releasing the returns before November.

In March, two of Trump’s tax lawyers, Sheri Dillon and William Nelson, of Morgan, Lewis & Bockius, released a letter to Trump that said the candidate had interests in roughly five hundred business entities and, thus, “your personal federal income tax returns are inordinately large and complex for an individual.” The lawyers said, further, that prior I.R.S. examinations of his taxes over the previous decade had produced no net deficiency. The letter said that the returns had been under “continuous examination” by the I.R.S. but, curiously, said nothing about how or why that might affect the disclosure of the returns. (When I contacted the firm, Dillon declined to speak to me.)

The law is clear about publicly releasing tax returns. The I.R.S. is prohibited from doing so, but taxpayers themselves have every right to disclose their own returns. Does the existence of an audit change the legal status of public disclosure? The answer is no; Trump can release the returns if he wants to. “He filed these tax returns under penalty of perjury with the I.R.S.,” Scott Michel, a partner at Caplin & Drysdale, a leading tax-law firm, said. “If he were to disclose the returns publicly, he’s not disclosing anything that the I.R.S. doesn’t already know about. A disclosure in and of itself cannot possibly prejudice or hurt him with his audit.”

The main risk of disclosure is political rather than legal. Trump’s returns may show that he pays a very low effective tax rate. They may also show that he gives very little to charity, or show foreign financial entanglements. But there is another, less obvious risk of disclosure, according to Michel. “He knows that if he discloses his tax returns, there will be thousands of tax professionals in this country going over them with a fine-tooth comb,” he said. “And, in the public discussion of the returns, there may be issues in his audit that might not yet have arisen, and the I.R.S. hasn’t found them. The auditing agent may get the idea to ask about something he hasn’t thought about. That’s probably one reason why he may be reluctant to turn them over.” Again, though, this possibility is a personal financial risk for the candidate, not a legal barrier to disclosure.

If Trump were interested in allowing the public to learn something about his finances, he might, Michel suggested, find a middle ground between total nondisclosure (Trump’s current position) and release of the full tax return. (Hillary and Bill Clinton have released their complete tax returns going back several years.) “There are any number of questions that could be asked about what’s on his tax returns that wouldn’t require him to disclose the returns themselves,” Michel said. “How much did he report giving to charity? How much tax have you paid in dollars? What’s the effective tax rate that he paid? Do you have any foreign trusts? Foreign bank accounts? How big is your I.R.A.? This is all stuff that is on the face of a tax return”—that is, the form presented to the I.R.S. “There are many facts that he could disclose without going back on his position of not disclosing the full return because he is under audit,” Michel said.

Trump has said that he seeks to pay as little tax as possible under the law. That’s his right, of course. As Judge Learned Hand observed in 1934, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” The question is not what the law requires but what politics demands. In this and so many other ways, Trump has so far defied Presidential electoral tradition by keeping his returns to himself. And if he continues to stonewall it’s clear that he’s doing so because that’s his choice, not his obligation.

Donald Trump’s Tax-Return Dodge - The New Yorker

You'll support a candidate that rigged a US election, but you'll complain about Trump's taxes. You wouldn't know even know what your were looking at if Trump handed you his tax returns.

Total nonsense.

What is drumpf hiding?

 

[Fang]

Poor Donald.... it's amusing how his trumpsters don't care. if it were Hillary Clinton, they'd be foaming at the mouth.



Unlike every major-party Presidential candidate since 1976, Donald Trump will not release his tax returns. He’s being audited by the Internal Revenue Service, he has said, and so he will not release any return, for any year, until the audit is complete. Beyond that, his campaign has made it clear that, regardless of the status of the audit, Trump will not be releasing the returns before November.

In March, two of Trump’s tax lawyers, Sheri Dillon and William Nelson, of Morgan, Lewis & Bockius, released a letter to Trump that said the candidate had interests in roughly five hundred business entities and, thus, “your personal federal income tax returns are inordinately large and complex for an individual.” The lawyers said, further, that prior I.R.S. examinations of his taxes over the previous decade had produced no net deficiency. The letter said that the returns had been under “continuous examination” by the I.R.S. but, curiously, said nothing about how or why that might affect the disclosure of the returns. (When I contacted the firm, Dillon declined to speak to me.)

The law is clear about publicly releasing tax returns. The I.R.S. is prohibited from doing so, but taxpayers themselves have every right to disclose their own returns. Does the existence of an audit change the legal status of public disclosure? The answer is no; Trump can release the returns if he wants to. “He filed these tax returns under penalty of perjury with the I.R.S.,” Scott Michel, a partner at Caplin & Drysdale, a leading tax-law firm, said. “If he were to disclose the returns publicly, he’s not disclosing anything that the I.R.S. doesn’t already know about. A disclosure in and of itself cannot possibly prejudice or hurt him with his audit.”

The main risk of disclosure is political rather than legal. Trump’s returns may show that he pays a very low effective tax rate. They may also show that he gives very little to charity, or show foreign financial entanglements. But there is another, less obvious risk of disclosure, according to Michel. “He knows that if he discloses his tax returns, there will be thousands of tax professionals in this country going over them with a fine-tooth comb,” he said. “And, in the public discussion of the returns, there may be issues in his audit that might not yet have arisen, and the I.R.S. hasn’t found them. The auditing agent may get the idea to ask about something he hasn’t thought about. That’s probably one reason why he may be reluctant to turn them over.” Again, though, this possibility is a personal financial risk for the candidate, not a legal barrier to disclosure.

If Trump were interested in allowing the public to learn something about his finances, he might, Michel suggested, find a middle ground between total nondisclosure (Trump’s current position) and release of the full tax return. (Hillary and Bill Clinton have released their complete tax returns going back several years.) “There are any number of questions that could be asked about what’s on his tax returns that wouldn’t require him to disclose the returns themselves,” Michel said. “How much did he report giving to charity? How much tax have you paid in dollars? What’s the effective tax rate that he paid? Do you have any foreign trusts? Foreign bank accounts? How big is your I.R.A.? This is all stuff that is on the face of a tax return”—that is, the form presented to the I.R.S. “There are many facts that he could disclose without going back on his position of not disclosing the full return because he is under audit,” Michel said.

Trump has said that he seeks to pay as little tax as possible under the law. That’s his right, of course. As Judge Learned Hand observed in 1934, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” The question is not what the law requires but what politics demands. In this and so many other ways, Trump has so far defied Presidential electoral tradition by keeping his returns to himself. And if he continues to stonewall it’s clear that he’s doing so because that’s his choice, not his obligation.

Donald Trump’s Tax-Return Dodge - The New Yorker

You'll support a candidate that rigged a US election, but you'll complain about Trump's taxes. You wouldn't know even know what your were looking at if Trump handed you his tax returns.

Total nonsense.

What is drumpf hiding?

Hillary rigged a election and lied about her emails that put US sensitive information at risk. Yet you whine about Trump's taxes that you don't really need to see.

 

[easyt65]

Aw, COME ON, Moderators! I get warned for accidently posting a thread that is similar to one that already exists and now we have ANOTHER BLATANT IDENTICAL 'Trump Tax Return' Thread?!

I guess when Libs find a 'diversion' they like they really stick to it.


President Obama Set A U.S. RECORD For ILLEGALLY refusing to release 70% of ALL FOIA Request Records...

President Obama still refuses to turn over IRS Targeting Documents
- Obama Administration Refuses to Release IRS Targeting Documents

President Obama still refuses to release his e-mails with Hillary during the Benghazi attack

President Obama - ILLEGALLY - refused to comply with US Court orders mandating that he turn over Fast-and-Furious documents, a scandal that happened in his 1st year in office...7.5 YEARS ago....until just recently....
- Holder Begs Court to Stop Document Release on Fast and Furious - Breitbart

MOST TRANSPARENT ADMINISTRATION EVUH? HARDLY!

Hillary: According to the Director of the FBI Hillary broke the law by NOR turning over all work-related e-mails over to the State Department, a violation of the FOIA and the Federal Records Act:

Comey: “The FBI also discovered several thousand work-related e-mails that were not in the group of 30,000 that were returned by Secretary Clinton to State in 2014.”


President Obama and Secretary of State Clinton has made it a habit of BREAKING THE LAW by REFUSING to release documents ACCORDING TO THE LAW.

Trump is NOT Required by the law to release his tax returns; however, Liberals are more concerned with Americans who are NOT breaking the law than they are with their own political leaders and President who has / is breaking the law.

The hypocrites continue to use this issue as a diversion to distract from their own party members' crimes...when in reality all it does is remind people of them.

I guess I should thank liberals for continuing to post this garbage, keeping their own candidate's and President's crimes fresh in everyone's minds!

 

[candycorn]

Poor Donald.... it's amusing how his trumpsters don't care. if it were Hillary Clinton, they'd be foaming at the mouth.



Unlike every major-party Presidential candidate since 1976, Donald Trump will not release his tax returns. He’s being audited by the Internal Revenue Service, he has said, and so he will not release any return, for any year, until the audit is complete. Beyond that, his campaign has made it clear that, regardless of the status of the audit, Trump will not be releasing the returns before November.

In March, two of Trump’s tax lawyers, Sheri Dillon and William Nelson, of Morgan, Lewis & Bockius, released a letter to Trump that said the candidate had interests in roughly five hundred business entities and, thus, “your personal federal income tax returns are inordinately large and complex for an individual.” The lawyers said, further, that prior I.R.S. examinations of his taxes over the previous decade had produced no net deficiency. The letter said that the returns had been under “continuous examination” by the I.R.S. but, curiously, said nothing about how or why that might affect the disclosure of the returns. (When I contacted the firm, Dillon declined to speak to me.)

The law is clear about publicly releasing tax returns. The I.R.S. is prohibited from doing so, but taxpayers themselves have every right to disclose their own returns. Does the existence of an audit change the legal status of public disclosure? The answer is no; Trump can release the returns if he wants to. “He filed these tax returns under penalty of perjury with the I.R.S.,” Scott Michel, a partner at Caplin & Drysdale, a leading tax-law firm, said. “If he were to disclose the returns publicly, he’s not disclosing anything that the I.R.S. doesn’t already know about. A disclosure in and of itself cannot possibly prejudice or hurt him with his audit.”

The main risk of disclosure is political rather than legal. Trump’s returns may show that he pays a very low effective tax rate. They may also show that he gives very little to charity, or show foreign financial entanglements. But there is another, less obvious risk of disclosure, according to Michel. “He knows that if he discloses his tax returns, there will be thousands of tax professionals in this country going over them with a fine-tooth comb,” he said. “And, in the public discussion of the returns, there may be issues in his audit that might not yet have arisen, and the I.R.S. hasn’t found them. The auditing agent may get the idea to ask about something he hasn’t thought about. That’s probably one reason why he may be reluctant to turn them over.” Again, though, this possibility is a personal financial risk for the candidate, not a legal barrier to disclosure.

If Trump were interested in allowing the public to learn something about his finances, he might, Michel suggested, find a middle ground between total nondisclosure (Trump’s current position) and release of the full tax return. (Hillary and Bill Clinton have released their complete tax returns going back several years.) “There are any number of questions that could be asked about what’s on his tax returns that wouldn’t require him to disclose the returns themselves,” Michel said. “How much did he report giving to charity? How much tax have you paid in dollars? What’s the effective tax rate that he paid? Do you have any foreign trusts? Foreign bank accounts? How big is your I.R.A.? This is all stuff that is on the face of a tax return”—that is, the form presented to the I.R.S. “There are many facts that he could disclose without going back on his position of not disclosing the full return because he is under audit,” Michel said.

Trump has said that he seeks to pay as little tax as possible under the law. That’s his right, of course. As Judge Learned Hand observed in 1934, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” The question is not what the law requires but what politics demands. In this and so many other ways, Trump has so far defied Presidential electoral tradition by keeping his returns to himself. And if he continues to stonewall it’s clear that he’s doing so because that’s his choice, not his obligation.

Donald Trump’s Tax-Return Dodge - The New Yorker

You'll support a candidate that rigged a US election, but you'll complain about Trump's taxes. You wouldn't know even know what your were looking at if Trump handed you his tax returns.

Total nonsense.

What is drumpf hiding?

Hillary rigged a election and lied about her emails that put US sensitive information at risk. Yet you whine about Trump's taxes that you don't really need to see.

Rigged an election? Lied about e-mails and put US Sensitive information at risk? Man, if she did all that, you’d think she’d be in jail. Oh wait, let me guess…she has super powers and is above the law…blah blah blah…the FBI is in the bag for her blah blah blah….she cut a deal….blah blah blah…..

Don’t you get tired of trying to make the same old bullshit fly? I mean, day after day….it must get tiring on your part to put lipstick on the disaster that is your Messiah drumpf, parade around like he isn’t batshit crazy and come here and make these silly allegations once again?


It is customary for presidential candidates to release their income taxes. Fact.
HRC has released 33 years of hers.
He has not released any.

He knew the customary thing; going into the event, was that tax returns were going to be an issue. Just like Bernie knew full well about Super Delegates. To act surprised and ask “why did that happen” is basically dishonest.


Trump is obviously hiding something. The voters have a right to either see the returns or draw whatever conclusions their absence provides.

Those with nothing to hide…

Hide nothing.

 

[candycorn]

Aw, COME ON, Moderators! I get warned for accidently posting a thread that is similar to one that already exists and now we have ANOTHER BLATANT IDENTICAL 'Trump Tax Return' Thread?!

I guess when Libs find a 'diversion' they like they really stick to it.


President Obama Set A U.S. RECORD For ILLEGALLY refusing to release 70% of ALL FOIA Request Records...

President Obama still refuses to turn over IRS Targeting Documents
- Obama Administration Refuses to Release IRS Targeting Documents

President Obama still refuses to release his e-mails with Hillary during the Benghazi attack

President Obama - ILLEGALLY - refused to comply with US Court orders mandating that he turn over Fast-and-Furious documents, a scandal that happened in his 1st year in office...7.5 YEARS ago....until just recently....
- Holder Begs Court to Stop Document Release on Fast and Furious - Breitbart

MOST TRANSPARENT ADMINISTRATION EVUH? HARDLY!

Hillary: According to the Director of the FBI Hillary broke the law by NOR turning over all work-related e-mails over to the State Department, a violation of the FOIA and the Federal Records Act:

Comey: “The FBI also discovered several thousand work-related e-mails that were not in the group of 30,000 that were returned by Secretary Clinton to State in 2014.”


President Obama and Secretary of State Clinton has made it a habit of BREAKING THE LAW by REFUSING to release documents ACCORDING TO THE LAW.

Trump is NOT Required by the law to release his tax returns; however, Liberals are more concerned with Americans who are NOT breaking the law than they are with their own political leaders and President who has / is breaking the law.

The hypocrites continue to use this issue as a diversion to distract from their own party members' crimes...when in reality all it does is remind people of them.

I guess I should thank liberals for continuing to post this garbage, keeping their own candidate's and President's crimes fresh in everyone's minds!

 

[Fang]

Poor Donald.... it's amusing how his trumpsters don't care. if it were Hillary Clinton, they'd be foaming at the mouth.



Unlike every major-party Presidential candidate since 1976, Donald Trump will not release his tax returns. He’s being audited by the Internal Revenue Service, he has said, and so he will not release any return, for any year, until the audit is complete. Beyond that, his campaign has made it clear that, regardless of the status of the audit, Trump will not be releasing the returns before November.

In March, two of Trump’s tax lawyers, Sheri Dillon and William Nelson, of Morgan, Lewis & Bockius, released a letter to Trump that said the candidate had interests in roughly five hundred business entities and, thus, “your personal federal income tax returns are inordinately large and complex for an individual.” The lawyers said, further, that prior I.R.S. examinations of his taxes over the previous decade had produced no net deficiency. The letter said that the returns had been under “continuous examination” by the I.R.S. but, curiously, said nothing about how or why that might affect the disclosure of the returns. (When I contacted the firm, Dillon declined to speak to me.)

The law is clear about publicly releasing tax returns. The I.R.S. is prohibited from doing so, but taxpayers themselves have every right to disclose their own returns. Does the existence of an audit change the legal status of public disclosure? The answer is no; Trump can release the returns if he wants to. “He filed these tax returns under penalty of perjury with the I.R.S.,” Scott Michel, a partner at Caplin & Drysdale, a leading tax-law firm, said. “If he were to disclose the returns publicly, he’s not disclosing anything that the I.R.S. doesn’t already know about. A disclosure in and of itself cannot possibly prejudice or hurt him with his audit.”

The main risk of disclosure is political rather than legal. Trump’s returns may show that he pays a very low effective tax rate. They may also show that he gives very little to charity, or show foreign financial entanglements. But there is another, less obvious risk of disclosure, according to Michel. “He knows that if he discloses his tax returns, there will be thousands of tax professionals in this country going over them with a fine-tooth comb,” he said. “And, in the public discussion of the returns, there may be issues in his audit that might not yet have arisen, and the I.R.S. hasn’t found them. The auditing agent may get the idea to ask about something he hasn’t thought about. That’s probably one reason why he may be reluctant to turn them over.” Again, though, this possibility is a personal financial risk for the candidate, not a legal barrier to disclosure.

If Trump were interested in allowing the public to learn something about his finances, he might, Michel suggested, find a middle ground between total nondisclosure (Trump’s current position) and release of the full tax return. (Hillary and Bill Clinton have released their complete tax returns going back several years.) “There are any number of questions that could be asked about what’s on his tax returns that wouldn’t require him to disclose the returns themselves,” Michel said. “How much did he report giving to charity? How much tax have you paid in dollars? What’s the effective tax rate that he paid? Do you have any foreign trusts? Foreign bank accounts? How big is your I.R.A.? This is all stuff that is on the face of a tax return”—that is, the form presented to the I.R.S. “There are many facts that he could disclose without going back on his position of not disclosing the full return because he is under audit,” Michel said.

Trump has said that he seeks to pay as little tax as possible under the law. That’s his right, of course. As Judge Learned Hand observed in 1934, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” The question is not what the law requires but what politics demands. In this and so many other ways, Trump has so far defied Presidential electoral tradition by keeping his returns to himself. And if he continues to stonewall it’s clear that he’s doing so because that’s his choice, not his obligation.

Donald Trump’s Tax-Return Dodge - The New Yorker

You'll support a candidate that rigged a US election, but you'll complain about Trump's taxes. You wouldn't know even know what your were looking at if Trump handed you his tax returns.

Total nonsense.

What is drumpf hiding?

Hillary rigged a election and lied about her emails that put US sensitive information at risk. Yet you whine about Trump's taxes that you don't really need to see.

Rigged an election? Lied about e-mails and put US Sensitive information at risk? Man, if she did all that, you’d think she’d be in jail. Oh wait, let me guess…she has super powers and is above the law…blah blah blah…the FBI is in the bag for her blah blah blah….she cut a deal….blah blah blah…..

You're either incredibly naive or you just choose to stick your head in the sand. Probably a little of both.

 

[easyt65]

Naw, not mad. Just tired of the same ol' libral bullshite....

Jus' lumber in their own eye doesn't bother them nearly as much as the speck in someone else's...

 

[jillian]

Poor Donald.... it's amusing how his trumpsters don't care. if it were Hillary Clinton, they'd be foaming at the mouth.



Unlike every major-party Presidential candidate since 1976, Donald Trump will not release his tax returns. He’s being audited by the Internal Revenue Service, he has said, and so he will not release any return, for any year, until the audit is complete. Beyond that, his campaign has made it clear that, regardless of the status of the audit, Trump will not be releasing the returns before November.

In March, two of Trump’s tax lawyers, Sheri Dillon and William Nelson, of Morgan, Lewis & Bockius, released a letter to Trump that said the candidate had interests in roughly five hundred business entities and, thus, “your personal federal income tax returns are inordinately large and complex for an individual.” The lawyers said, further, that prior I.R.S. examinations of his taxes over the previous decade had produced no net deficiency. The letter said that the returns had been under “continuous examination” by the I.R.S. but, curiously, said nothing about how or why that might affect the disclosure of the returns. (When I contacted the firm, Dillon declined to speak to me.)

The law is clear about publicly releasing tax returns. The I.R.S. is prohibited from doing so, but taxpayers themselves have every right to disclose their own returns. Does the existence of an audit change the legal status of public disclosure? The answer is no; Trump can release the returns if he wants to. “He filed these tax returns under penalty of perjury with the I.R.S.,” Scott Michel, a partner at Caplin & Drysdale, a leading tax-law firm, said. “If he were to disclose the returns publicly, he’s not disclosing anything that the I.R.S. doesn’t already know about. A disclosure in and of itself cannot possibly prejudice or hurt him with his audit.”

The main risk of disclosure is political rather than legal. Trump’s returns may show that he pays a very low effective tax rate. They may also show that he gives very little to charity, or show foreign financial entanglements. But there is another, less obvious risk of disclosure, according to Michel. “He knows that if he discloses his tax returns, there will be thousands of tax professionals in this country going over them with a fine-tooth comb,” he said. “And, in the public discussion of the returns, there may be issues in his audit that might not yet have arisen, and the I.R.S. hasn’t found them. The auditing agent may get the idea to ask about something he hasn’t thought about. That’s probably one reason why he may be reluctant to turn them over.” Again, though, this possibility is a personal financial risk for the candidate, not a legal barrier to disclosure.

If Trump were interested in allowing the public to learn something about his finances, he might, Michel suggested, find a middle ground between total nondisclosure (Trump’s current position) and release of the full tax return. (Hillary and Bill Clinton have released their complete tax returns going back several years.) “There are any number of questions that could be asked about what’s on his tax returns that wouldn’t require him to disclose the returns themselves,” Michel said. “How much did he report giving to charity? How much tax have you paid in dollars? What’s the effective tax rate that he paid? Do you have any foreign trusts? Foreign bank accounts? How big is your I.R.A.? This is all stuff that is on the face of a tax return”—that is, the form presented to the I.R.S. “There are many facts that he could disclose without going back on his position of not disclosing the full return because he is under audit,” Michel said.

Trump has said that he seeks to pay as little tax as possible under the law. That’s his right, of course. As Judge Learned Hand observed in 1934, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” The question is not what the law requires but what politics demands. In this and so many other ways, Trump has so far defied Presidential electoral tradition by keeping his returns to himself. And if he continues to stonewall it’s clear that he’s doing so because that’s his choice, not his obligation.

Donald Trump’s Tax-Return Dodge - The New Yorker

Yawn, libs think tradition equals law, except when that tradition is marriage.

no...it's like what it is....rightwingnuts only care when it's not from their anointed hero

 

[jillian]

Naw, not mad. Just tired of the same ol' libral bullshite....

Jus' lumber in their own eye doesn't bother them nearly as much as the speck in someone else's...

project much?

 

[easyt65]

project much?

Not at all. Thanks for asking. ;P

 

[jillian]

Poor Donald.... it's amusing how his trumpsters don't care. if it were Hillary Clinton, they'd be foaming at the mouth.



Unlike every major-party Presidential candidate since 1976, Donald Trump will not release his tax returns. He’s being audited by the Internal Revenue Service, he has said, and so he will not release any return, for any year, until the audit is complete. Beyond that, his campaign has made it clear that, regardless of the status of the audit, Trump will not be releasing the returns before November.

In March, two of Trump’s tax lawyers, Sheri Dillon and William Nelson, of Morgan, Lewis & Bockius, released a letter to Trump that said the candidate had interests in roughly five hundred business entities and, thus, “your personal federal income tax returns are inordinately large and complex for an individual.” The lawyers said, further, that prior I.R.S. examinations of his taxes over the previous decade had produced no net deficiency. The letter said that the returns had been under “continuous examination” by the I.R.S. but, curiously, said nothing about how or why that might affect the disclosure of the returns. (When I contacted the firm, Dillon declined to speak to me.)

The law is clear about publicly releasing tax returns. The I.R.S. is prohibited from doing so, but taxpayers themselves have every right to disclose their own returns. Does the existence of an audit change the legal status of public disclosure? The answer is no; Trump can release the returns if he wants to. “He filed these tax returns under penalty of perjury with the I.R.S.,” Scott Michel, a partner at Caplin & Drysdale, a leading tax-law firm, said. “If he were to disclose the returns publicly, he’s not disclosing anything that the I.R.S. doesn’t already know about. A disclosure in and of itself cannot possibly prejudice or hurt him with his audit.”

The main risk of disclosure is political rather than legal. Trump’s returns may show that he pays a very low effective tax rate. They may also show that he gives very little to charity, or show foreign financial entanglements. But there is another, less obvious risk of disclosure, according to Michel. “He knows that if he discloses his tax returns, there will be thousands of tax professionals in this country going over them with a fine-tooth comb,” he said. “And, in the public discussion of the returns, there may be issues in his audit that might not yet have arisen, and the I.R.S. hasn’t found them. The auditing agent may get the idea to ask about something he hasn’t thought about. That’s probably one reason why he may be reluctant to turn them over.” Again, though, this possibility is a personal financial risk for the candidate, not a legal barrier to disclosure.

If Trump were interested in allowing the public to learn something about his finances, he might, Michel suggested, find a middle ground between total nondisclosure (Trump’s current position) and release of the full tax return. (Hillary and Bill Clinton have released their complete tax returns going back several years.) “There are any number of questions that could be asked about what’s on his tax returns that wouldn’t require him to disclose the returns themselves,” Michel said. “How much did he report giving to charity? How much tax have you paid in dollars? What’s the effective tax rate that he paid? Do you have any foreign trusts? Foreign bank accounts? How big is your I.R.A.? This is all stuff that is on the face of a tax return”—that is, the form presented to the I.R.S. “There are many facts that he could disclose without going back on his position of not disclosing the full return because he is under audit,” Michel said.

Trump has said that he seeks to pay as little tax as possible under the law. That’s his right, of course. As Judge Learned Hand observed in 1934, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” The question is not what the law requires but what politics demands. In this and so many other ways, Trump has so far defied Presidential electoral tradition by keeping his returns to himself. And if he continues to stonewall it’s clear that he’s doing so because that’s his choice, not his obligation.

Donald Trump’s Tax-Return Dodge - The New Yorker

Trumps tax returns. Filed under don't give a shit.

His tax returns aren't going to change anyone's vote. Including yours. Go play with your dolls

of course you don't care. why would you? if it were Hillary's tax returns you'd be frothing at the mouth

 

[jillian]

project much?

Not at all. Thanks for asking. ;P

wishful thinking on your part?

 

[WillowTree]

I bet there isn't a libtard on this forum who pays more taxes than he has to. Amiright?

Deflection

Truth.

Still...Deflection

Still truth.

 

[easyt65]

no...it's like what it is....rightwingnuts only care when it's not from their anointed hero

WHY do liberals even need GOP candidates' tax returns? They already proved they can LIE their assess off and FALSELY accuse GOP candidates of things to effect an election without ever having them:


Harry Reid Relishes Romney Tax Lie: 'He Didn't Win, Did He?'

"More than two years after he falsely accused Mitt Romney of failing to pay his taxes, retiring Senate Minority Leader Harry Reid has no regrets – and appears to relish – leveling serious charges in the midst of a presidential campaign. "No, I don't regret that at all."

 

[Wry Catcher]

Poor Donald.... it's amusing how his trumpsters don't care. if it were Hillary Clinton, they'd be foaming at the mouth.



Unlike every major-party Presidential candidate since 1976, Donald Trump will not release his tax returns. He’s being audited by the Internal Revenue Service, he has said, and so he will not release any return, for any year, until the audit is complete. Beyond that, his campaign has made it clear that, regardless of the status of the audit, Trump will not be releasing the returns before November.

In March, two of Trump’s tax lawyers, Sheri Dillon and William Nelson, of Morgan, Lewis & Bockius, released a letter to Trump that said the candidate had interests in roughly five hundred business entities and, thus, “your personal federal income tax returns are inordinately large and complex for an individual.” The lawyers said, further, that prior I.R.S. examinations of his taxes over the previous decade had produced no net deficiency. The letter said that the returns had been under “continuous examination” by the I.R.S. but, curiously, said nothing about how or why that might affect the disclosure of the returns. (When I contacted the firm, Dillon declined to speak to me.)

The law is clear about publicly releasing tax returns. The I.R.S. is prohibited from doing so, but taxpayers themselves have every right to disclose their own returns. Does the existence of an audit change the legal status of public disclosure? The answer is no; Trump can release the returns if he wants to. “He filed these tax returns under penalty of perjury with the I.R.S.,” Scott Michel, a partner at Caplin & Drysdale, a leading tax-law firm, said. “If he were to disclose the returns publicly, he’s not disclosing anything that the I.R.S. doesn’t already know about. A disclosure in and of itself cannot possibly prejudice or hurt him with his audit.”

The main risk of disclosure is political rather than legal. Trump’s returns may show that he pays a very low effective tax rate. They may also show that he gives very little to charity, or show foreign financial entanglements. But there is another, less obvious risk of disclosure, according to Michel. “He knows that if he discloses his tax returns, there will be thousands of tax professionals in this country going over them with a fine-tooth comb,” he said. “And, in the public discussion of the returns, there may be issues in his audit that might not yet have arisen, and the I.R.S. hasn’t found them. The auditing agent may get the idea to ask about something he hasn’t thought about. That’s probably one reason why he may be reluctant to turn them over.” Again, though, this possibility is a personal financial risk for the candidate, not a legal barrier to disclosure.

If Trump were interested in allowing the public to learn something about his finances, he might, Michel suggested, find a middle ground between total nondisclosure (Trump’s current position) and release of the full tax return. (Hillary and Bill Clinton have released their complete tax returns going back several years.) “There are any number of questions that could be asked about what’s on his tax returns that wouldn’t require him to disclose the returns themselves,” Michel said. “How much did he report giving to charity? How much tax have you paid in dollars? What’s the effective tax rate that he paid? Do you have any foreign trusts? Foreign bank accounts? How big is your I.R.A.? This is all stuff that is on the face of a tax return”—that is, the form presented to the I.R.S. “There are many facts that he could disclose without going back on his position of not disclosing the full return because he is under audit,” Michel said.

Trump has said that he seeks to pay as little tax as possible under the law. That’s his right, of course. As Judge Learned Hand observed in 1934, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” The question is not what the law requires but what politics demands. In this and so many other ways, Trump has so far defied Presidential electoral tradition by keeping his returns to himself. And if he continues to stonewall it’s clear that he’s doing so because that’s his choice, not his obligation.

Donald Trump’s Tax-Return Dodge - The New Yorker

Trumps tax returns. Filed under don't give a shit.

His tax returns aren't going to change anyone's vote. Including yours. Go play with your dolls

of course you don't care. why would you? if it were Hillary's tax returns you'd be frothing at the mouth

So True ^^^, and that's not just Kaz, every one of the crazy right wing are members of the Hypocrite Society, some like Kaz are too dumb to know it, the rest are too dishonest to admit it.

 

[easyt65]

project much?

Not at all. Thanks for asking. ;P

wishful thinking on your part?

No, Fact...but thanks for playing. Ya know, Jill, you should really stick to speaking for yourself, because you and Harry Reid have proven you $UCK at speaking for others.

 

[jillian]

Poor Donald.... it's amusing how his trumpsters don't care. if it were Hillary Clinton, they'd be foaming at the mouth.



Unlike every major-party Presidential candidate since 1976, Donald Trump will not release his tax returns. He’s being audited by the Internal Revenue Service, he has said, and so he will not release any return, for any year, until the audit is complete. Beyond that, his campaign has made it clear that, regardless of the status of the audit, Trump will not be releasing the returns before November.

In March, two of Trump’s tax lawyers, Sheri Dillon and William Nelson, of Morgan, Lewis & Bockius, released a letter to Trump that said the candidate had interests in roughly five hundred business entities and, thus, “your personal federal income tax returns are inordinately large and complex for an individual.” The lawyers said, further, that prior I.R.S. examinations of his taxes over the previous decade had produced no net deficiency. The letter said that the returns had been under “continuous examination” by the I.R.S. but, curiously, said nothing about how or why that might affect the disclosure of the returns. (When I contacted the firm, Dillon declined to speak to me.)

The law is clear about publicly releasing tax returns. The I.R.S. is prohibited from doing so, but taxpayers themselves have every right to disclose their own returns. Does the existence of an audit change the legal status of public disclosure? The answer is no; Trump can release the returns if he wants to. “He filed these tax returns under penalty of perjury with the I.R.S.,” Scott Michel, a partner at Caplin & Drysdale, a leading tax-law firm, said. “If he were to disclose the returns publicly, he’s not disclosing anything that the I.R.S. doesn’t already know about. A disclosure in and of itself cannot possibly prejudice or hurt him with his audit.”

The main risk of disclosure is political rather than legal. Trump’s returns may show that he pays a very low effective tax rate. They may also show that he gives very little to charity, or show foreign financial entanglements. But there is another, less obvious risk of disclosure, according to Michel. “He knows that if he discloses his tax returns, there will be thousands of tax professionals in this country going over them with a fine-tooth comb,” he said. “And, in the public discussion of the returns, there may be issues in his audit that might not yet have arisen, and the I.R.S. hasn’t found them. The auditing agent may get the idea to ask about something he hasn’t thought about. That’s probably one reason why he may be reluctant to turn them over.” Again, though, this possibility is a personal financial risk for the candidate, not a legal barrier to disclosure.

If Trump were interested in allowing the public to learn something about his finances, he might, Michel suggested, find a middle ground between total nondisclosure (Trump’s current position) and release of the full tax return. (Hillary and Bill Clinton have released their complete tax returns going back several years.) “There are any number of questions that could be asked about what’s on his tax returns that wouldn’t require him to disclose the returns themselves,” Michel said. “How much did he report giving to charity? How much tax have you paid in dollars? What’s the effective tax rate that he paid? Do you have any foreign trusts? Foreign bank accounts? How big is your I.R.A.? This is all stuff that is on the face of a tax return”—that is, the form presented to the I.R.S. “There are many facts that he could disclose without going back on his position of not disclosing the full return because he is under audit,” Michel said.

Trump has said that he seeks to pay as little tax as possible under the law. That’s his right, of course. As Judge Learned Hand observed in 1934, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” The question is not what the law requires but what politics demands. In this and so many other ways, Trump has so far defied Presidential electoral tradition by keeping his returns to himself. And if he continues to stonewall it’s clear that he’s doing so because that’s his choice, not his obligation.

Donald Trump’s Tax-Return Dodge - The New Yorker

Trumps tax returns. Filed under don't give a shit.

His tax returns aren't going to change anyone's vote. Including yours. Go play with your dolls

So you don’t want to know if he’s been lying to you and playing you for the 24karat moron that you are?

rhetorical question