g5000
Diamond Member
- Nov 26, 2011
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I have created two non-profits. The first one I set up, I didn't register with the government for tax exemptions. The second one, I did.When Trump makes claims about paying taxes, charitable giving, etc, his claims are meaningless, without tax returns to back up what he says.Although there is no legal requirement for him to release his tax returns, it casts doubt on everything he says about his finances and a lot of other stuff.Look at what they did to Mitt Romney, he exclaims.
For months, Donald Trump has insisted that he would not release his tax returns while under audit ― a position seconded by tax lawyers, though one that the IRS has said is not necessary.
In an interview with Fox News on Wednesday, the presumptive Republican nominee continued to make the argument it was the IRS audit preventing him from disclosing the finite details of his personal finances ― from the tax breaks he took, to the charitable donations he’s made. But in a telling aside, Trump seemed to admit that he wasn’t disclosing his returns because of the political damage he feared they would inflict.
“Mitt Romney didn’t want to give his tax returns” in 2012, Trump said of the previous Republican presidential candidate. “He fought like crazy. Then [Sen.] Harry Reid lied, told a total lie in the Senate, a vicious lie that was untrue. And then Mitt Romney, very, very late, decided to give his tax returns. Now, remember this, I’m under audit. It’s a routine audit. Nobody would do that while they’re under audit and everybody understands that. But let me tell you, he gave those tax returns and they were absolutely fine. He was destroyed. They went through his returns, which were peanuts compared to what I have. You saw the stacks of paper. He gave his returns, and they found little items, little items in those returns that were nothing.”
Trump’s reference is to an episode in which Reid said he had heard from an investor at Bain Capital, Romney’s old private equity firm, that Romney had paid no taxes for 10 years. Romney denied the accusation and denounced Reid. He ended up producing 1.5 years of filings showing that he had paid a tax rate of roughly 14 percent ― in other words, extremely low. For that, Romney endured difficult headlines.
Presidential candidates don’t normally acknowledge that they are taking a position in order to avoid tough headlines. But that’s precisely what Trump seemed to be suggesting on Wednesday. Trump did give himself cover by continuing to insist that IRS audits are to blame for his failure to reveal his tax returns. But that seems even less legitimate now.
Ironically, Trump was among the choir of those urging Romney in 2012 to release his tax returns more quickly to get those headlines out of the way. Now, it’s Romney who is arguing that Trump is hiding some sort of shocking revelation in his own returns.
Trump Cites Possible Political Damage In Explaining Why He Won’t Release Taxes
Would Trump pick a VP running mate who refused to release his/her tax returns? Hillary released hers.
This is just another stupid arrogant move by Trump. It may cost him votes but he doesn't care because this is about winning and winning means having his own way.
His personal income is none of your fucking business. If you want to know how his businesses are doing? Go to Dun and Bradstreet or look up the CAFR on-line......oh wait...you don't know what a "CAFR" is....Comprehensive Annual Financial Report. It's the same thing your beloved "gubermint" and their 185,000 subsidiaries have to file every year bneing that they are incorporated.
I hope he doesn't release them, then we can discount his claims just like other Trump bull shit.
His corporations pay taxes....you can look them up if you have any ability to use "Google". As far as charitable donations go, do you only give to charity as long as you get a receipt in order to "deduct it"? If so, you are not giving from the heart.
The donations to the first one are not tax deductible. The donations to the second one are.
Both organizations do identical charity work.
Guess which one received the most donations?
BZZZZZT! Wrong answer.
They both received the same amount of donations.
As for Trump, I would not be surprised if he claims his turds as donations to the public good on his taxes.
"I'm just that great, BLEEV ME!"