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re: Can someone explain to me the end game on the tax returns?

Posted on 5/10/19 at 6:33 pm to
Posted by McChowder
Hammond
Member since Dec 2006
5720 posts
Posted on 5/10/19 at 6:33 pm to
You dont think any of them honestly thought Trump was a Russian agent do you? They wanted an excuse to spy on him.

They didn't believe he was Putin's puppet but they did believe he was a corrupt businessman. If they couldn't find anything that was illegal and actionable then they would leak anything else that would embarrass or damage him.

Trumps taxes are just the beginning and another avenue to widen the investigation. Its the same playbook just a different method of doing it.
Posted by BBONDS25
Member since Mar 2008
56047 posts
Posted on 5/10/19 at 6:44 pm to
quote:

The issue is disclosure and transparency,


The required financial disclosures have been filed.
Posted by ChineseBandit58
Pearland, TX
Member since Aug 2005
47819 posts
Posted on 5/10/19 at 6:45 pm to
quote:

it will show the proof that he got eleventy billion dollars from muh russia


It will be right there on the W-2
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138019 posts
Posted on 5/10/19 at 6:46 pm to
They want to say that he's not worth what he says he's worth. It's a simple gotcha attempt that has zero teeth
Posted by ChineseBandit58
Pearland, TX
Member since Aug 2005
47819 posts
Posted on 5/10/19 at 6:49 pm to
quote:

possible tax fraud.


IF ONLY we had a Federal organization tasked to find that very kind of stuff.

It is SO SAD that we have to rely on a a fat a-hole in the House to figure all this stuff out.

IF ON:LY IF ONLY IF ONLY - hell we might even have to rely on MAXINE WATERs to root out this stuff.

They should sue the government for abuse - making them do so much unexpected work
This post was edited on 5/10/19 at 6:56 pm
Posted by Pussykat
South Louisiana
Member since Oct 2016
3889 posts
Posted on 5/10/19 at 6:51 pm to
Seems like IRS audit would catch that, now I can see Dims taking a perfectly legal tax position and twisting/spinning it into a crime, as a smear campaign if nothing else.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
19270 posts
Posted on 5/10/19 at 6:55 pm to
quote:

I don’t understand what they are after.

Shady business deals or paying an unusually lower tax rate than most Americans. His base won't care either way.
They are hoping to get the moderate vote by showing him in a bad light.
Posted by BBONDS25
Member since Mar 2008
56047 posts
Posted on 5/10/19 at 6:56 pm to
quote:

Shady business deals


Where in the return is this listed?
Posted by BBONDS25
Member since Mar 2008
56047 posts
Posted on 5/10/19 at 6:56 pm to
quote:

They want to say that he's not worth what he says he's worth.


So is being rich good or bad?
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
19270 posts
Posted on 5/10/19 at 6:57 pm to
quote:

Where in the return is this listed?

Deals with foreign entities that are an extreme conflict of interest. You're welcome.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/10/19 at 6:58 pm to
quote:

Where in the return is this listed?


1040-EZ, stupid.















I kid.
Posted by BBONDS25
Member since Mar 2008
56047 posts
Posted on 5/10/19 at 6:59 pm to
quote:

Deals with foreign entities that are an extreme conflict of interest. You're welcome.


So you are talking about returns for 2017 and later?
This post was edited on 5/10/19 at 7:00 pm
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138019 posts
Posted on 5/10/19 at 7:00 pm to
quote:

So is being rich good or bad?



They just want to say that he's a $900 millionaire, not a billionaire like he says. That or they want to scrutinize something in his returns that's perfectly legal
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/10/19 at 7:01 pm to
How does one ascertain a net worth from tax returns?
Posted by TidenUP
Coden, AL
Member since Apr 2011
14654 posts
Posted on 5/10/19 at 7:02 pm to
quote:

Where in the return is this listed?


Your response didn't address this. Try again.
Posted by buckeye_vol
Member since Jul 2014
35371 posts
Posted on 5/10/19 at 7:12 pm to
quote:

Seriously, I’ve been trying to avoid politics for a while and I don’t understand what they are after. A nugget of a deal with him and a Russian company? Prove he’s not as rich as he says he is? Show that a rich man didn’t pay a lot in taxes?
I think there are 3 reasons people want to see them:

1. Some think it will reveal something illegal.

I don't buy this because even if there was something illegal, and there is no evidence to support this, I doubt tax returns are going to be where one can find it.


2. Some think it will show that he paid little in taxes.

This is probably true, but we already know that he had a nearly $1 billion deduction from the mid-90's he could claim for the next 2 decades. And unless it shows he didn't pay much because he didn't make much, then I don't think it's going to really matter since everyone tries to reduce their tax liability and only those who already lack the self-awareness to realize they do the same, will really care.

3. Some think it will show that he didn't make as much as someone with his self-reported wealth and business success would be expected to make.

I think this is probably true, but it still won't make a difference since people have already established their beliefs about him and his business acumen.

Personally, while I've made it clear I don't think he's near as successful or wealthy as he reports, I would just like to get more information to determine that either way. But I guess that would depend on getting the details of his returns, not just what is reported on the 1040.

At the same time, even though I want to see them, I know that I don't actually have a valid claim to see them.
Posted by Bass Tiger
Member since Oct 2014
53577 posts
Posted on 5/10/19 at 7:14 pm to
quote:

Fishing expedition! I wished the Seante Judiciary Committee would ask for Pelosi's, Nadler's and Schiff's fianacial records. They might have received payments from the Ukraine or Russia.


Throw the Biden Bunch in there too!
Posted by buckeye_vol
Member since Jul 2014
35371 posts
Posted on 5/10/19 at 7:16 pm to
quote:

Fishing expedition! I wished the Seante Judiciary Committee would ask for Pelosi's, Nadler's and Schiff's fianacial records. They might have received payments from the Ukraine or Russia
Honestly. I would support a law that requires more detailed financial disclosures for elected officials since these are the people who are going to make and enforce laws and regulations that impact us financially.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 5/10/19 at 7:22 pm to
I am just proud of you for not mentioning his inheritance in this thread, unless I missed it.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135270 posts
Posted on 5/10/19 at 7:22 pm to
quote:

I would support a law that requires more detailed financial disclosures for elected officials since these are the people who are going to make and enforce laws and regulations that impact us financially.
I'd support any disclosure law with identical requirements for congress. Nancy, let's take a good long look at your legislation and influence juxtaposed with your husband's "lucky land deals". Same for DiFi.
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