colfax_m
Diamond Member
- Nov 18, 2019
- 38,988
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1. The Internal Revenue Service (IRS) reviews everybody's Annual Tax Returns and if they find that anyone didn't pay their taxes, or have any egregious errors in the form, they do an audit. If there was anything nefarious about his taxes, they would have caught it and audited him.Congress is trying to get Trump's taxes. Every President since Nixon has released theirs and Trump "claims" he'd like to release them.
He is however fighting tooth and nail to keep them secret. His claim here is that he's under audit and for some reason that precludes him from releasing them. It doesn't.
The IRS does not lock them down for that reason, and it's CONGRESS requesting them in accordance with the law. In fact a refusal would put the the head of the IRS or Treasury Secretary in contempt of Congress.
And for what it's worth, Trump's former attorney Cohen testified under oath that Trump WASN'T under audit
What do you suppose he's hiding? Tax evasion? Money Laundering?
He's afraid of something obviously
2. If he didn't pay any taxes due to "legal loopholes," that's permissible by the IRS.
3. ALL, I repeat, ALL, citizens tax returns are private and cannot be released without a court order and as the president of the United States is a citizen, his tax returns are just as private as anyone else's. As for those politicians who do release their tax returns, they do so willingly, but don't really have to.
So....the whole thing is voluntary. Whether he paid all relevant taxes, or through legal loopholes, managed to avoid doing so, I don't care. I only care about his performance, which so far, isn't bad.
1. Since when do conservatives think the government catches all tax cheats? You think they’re perfect? Especially after they’ve had their budgets cut consistently for decades?
2. If I were on the House weighs and means committee, I would find it very interesting to see what loopholes the super wealthy use so we can close them. Rich people abuse the tax code in “permissible” ways all the time.