candycorn
Diamond Member
- Thread starter
- #581
Trumps unfavorable ratings BREAK RECORDSEvery Presidential candidate should release their tax returns.
Fact check: Trump’s tax returns
Donald Trump said “there’s nothing to learn” from his tax returns, but experts say there’s plenty to learn from presidential candidates’ tax returns, including sources of income, effective tax rates, charitable giving habits and more.
[...]
But voters learn several pieces of information from candidates’ tax returns.
Roberton Williams, the Sol Price fellow at the nonpartisan Urban-Brookings Tax Policy Center, told us that there are three things we could learn from Trump’s tax returns: details about where he gets his income and how much it is; “how he’s structuring his income for tax purposes”; and what kind of deductions he takes, including charitable giving. If Trump had overseas income or foreign bank accounts, for instance, that information would be on his tax return.
Jeremy Scott, editor in chief of the commentary and analysis products for the nonprofit Tax Analysts, told us in a phone interview that it was “strange for Trump to say you don’t learn anything,” when just four years ago, Romney’s effective tax rate, revealed through his tax returns, was a significant issue. (In fact, Romney’s 14% effective tax rate in 2010, due to most of his income coming from dividends and capital gains, became fodder for Obama campaign attack ads.)
Scott told us that ever since President Richard Nixon released his returns in 1973, the candidate’s returns have been “a form of checking on how a candidate conducts his financial affairs.” Conflicts of interest can be exposed, as well as how a candidates’ individual tax policy squares with his proposals.
President Franklin D. Roosevelt, said Scott, pushed the idea of paying your fair share, but his returns — released by his presidential library after he was in office — show he was “actually very aggressive at trying to minimize his own taxes.”
The Tax Analysts’ Tax History Project is compiling an online archive of candidates’ returns. Project Director Joseph J. Thorndike wrote in a May 12 blog post on taxnotes.com that beyond an effective tax rate, “[r]eturns can shed light on the way a candidate lives his life. It can tell us about charitable giving as well as personal borrowing and investment activity. Returns can also illuminate the complicated business arrangements that often provide the bulk of a candidate’s income, especially for a real estate mogul like Trump.”
And the returns also “tell us a lot about how candidates conduct themselves in the gray areas of the tax law,” Thorndike wrote. “Some items on a tax return are black and white, like the income reported on a W-2. But other items, especially for someone with lots of non-salary business income, are open to debate and interpretation.”
Trump’s comments also prompted Time magazine to outline “5 Interesting Things We Learned From Presidential Tax Returns,” including: Obama gave sizable charitable contributions to his controversial pastor; Romney had an unusually high IRA balance; and President George H.W. Bush gave nearly 62% of his 1991 income to charity.
So you personally read over every Presidential hopefuls tax return. Have you personally looked over Clinton's tax returns? What did that tell you about her?
Is Trump releasing his tax returns going to sway you to vote for him?
No but it may sway independents to not vote for him. It’s called persuasion. And not releasing them tells independents the he is definitely hiding something….
His choice, of course. Why you support someone who is not willing to fulfill his commitments….that is your problem.
Who am I supporting that is not willing to fulfill his commitments and what commitments are you talking about?
You need a new playbook skippy.
Makes it easier to paint when the public is predisposed to believing it already