Politics trump has no excuse for not releasing his tax returns

Discussion in 'The Howard Stern Show' started by skylarbrie, Aug 24, 2016.

  1. skylarbrie

    skylarbrie VIP Extreme Gold

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    salon.com
    Bush-era IRS commissioner: Trump “has no excuse” for not releasing tax returns
    Sophia Tesfaye
    Donald Trump will not release his tax returns before election in November.

    The Republican presidential candidate has not said as much, but all indications point to the political neophyte breaking the bipartisan, decades-long tradition.

    After calling for the release of his tax returns while working for rival Ted Cruz during the GOP primary, newly hired Trump campaign manager Kellyanne Conway has suddenly seen the light and now says her boss shouldn’t be burdened by transparency.

    “I’ve learned since being on the inside that this audit is a serious matter and that he has said that when the audit is complete, he will release his tax returns,” she told ABC News over the weekend.

    But at least two former IRS commissioners, both appointed by a Republican president, say that an IRS audit is no excuse for Trump not release his tax returns.

    “He can release his returns in the morning if he wants to — nothing is stopping him from doing that,” George W. Bush appointed IRS comissioner Mark Everson told NBC News back in March. Trump has said he has “no problem” releasing his returns once the IRS audit is done.

    Everson argued, however, that an audit has no bearing on the information filed in the return because the original return reflects a taxpayer’s factual tax status from the time of the filing.

    “The returns themselves are the issue — if they’re adjusted through the audit process, fair enough, that doesn’t change what he’s filed,” Everson explained.

    Current IRS John Koskinen has also said Trump is able to release his tax returns despite any IRS audit that’s being conducted.

    And in a new column for CNBC, George H.W. Bush appointed IRS commissioner Fred Goldberg further pressed Trump to release his tax returns, or at least more information than the mandatory (and meager) financial disclosure he’s already filed.

    “The additional audit hassle is nothing compared to the extraordinary burdens he would carry as president,” Goldberg argued. “His refusal to release his returns raises a question: What is Trump hiding?”

    There is, however, a first step that Trump has no excuse for not taking. He can and should immediately release the first two pages of his Form 1040, along with his Schedule A, for the past 20 years. This would tell us how much he makes, how much he pays in taxes, and how much he contributes to charity.

    Releasing this information would have no impact on any pending or future IRS audit of Trump. Zero. None. It is a risk-free first step with no downside. While painting a far from complete portrait, it would answer a few of the questions that Trump himself has raised during the campaign: He claims that he makes a lot of money; he claims that he makes significant charitable contributions; and he claims that he reduces his tax liability as far as current law allows.

    The first two pages of his enormous tax returns, along with his Schedule A, will shed important light on these claims. The first two pages plus the Schedule A of the Clintons’ 2015 tax return tell us they made $10.6 million; that they made charitable contributions of $1.0 million; and that they paid federal taxes of $3.6 million, for an effective tax rate of 34 percent. We have that same information about the Clintons for the past 20 years. The first two pages of Trump’s tax returns, together with his Schedule A, would provide us with the same information for him. He can and should share that information with no audit risk whatsoever.

     
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  2. Bro

    Bro Oligarchical Corporatocracy VIP Gold

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  3. Bro

    Bro Oligarchical Corporatocracy VIP Gold

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    [​IMG]
     
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  4. skylarbrie

    skylarbrie VIP Extreme Gold

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    my posting has been induced by meth, not to worry, I'll be back on my regulars med tomorrow...
     
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  5. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    Who should trump listen to:

    A. His lawyers
    B. His political opponents campaign

    The tax returns issue isn't resonating with anyone but progressives. If it was having an impact on independents or comservatives, he'd go against his legal counsel and release them.
     
  6. HypocriteHowie

    HypocriteHowie Well-Known Member

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    There's obviously something in his tax returns that even his most ardent supporters can't ignore. I don't think his lawyers are telling him not to release them but more likely his political handlers.
     
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  7. Hugh Blowmont

    Hugh Blowmont Just be funny

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    Where is Bush's IRS commissioner on Hillary's health records?
     
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  8. Vincenzo69

    Vincenzo69 Well-Known Member

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    Trump is the first candidate in either party to not do this in 40 years nothing to see here!
     
  9. Vincenzo69

    Vincenzo69 Well-Known Member

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    There's this thing called Privacy Act and HIPPAA plus the fact that there is nothing wrong with her.

    You got anymore pics of Hillary being helped climbing an obstacle wearing high heels? So convincing.
     
  10. Vincenzo69

    Vincenzo69 Well-Known Member

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    Trump is either paying 0% taxes or he doesn't make nearly as much income as one would think he does in which case where is the "self-funded" campaign coming from?
     
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  11. Kool

    Kool Well-Known Member

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    imagine if Obama or Hillary refused to release there taxes....
     
    XuXu, 10weeks, blindbella and 2 others like this.
  12. Domo Cup

    Domo Cup Well-Known Member

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    I bet you are just as outraged at the Clinton Foundation pay for play scandal.
     
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  13. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    How we doing on obamas college transcripts or hillarys speech transcripts?
     
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  14. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    They made a huge deal out of romneys tax returns... Which wound up being a dud after he released them in 12
     
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  15. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    That's called a false equivalent. Romney didn't release his until late in the game. Every election cycle there's manufactured outrage over some missing piece of information that winds up being nothing when the candidate finally released them.
     
  16. Vincenzo69

    Vincenzo69 Well-Known Member

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    So it's manufactured outage that Putin is buying the White House?
     
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  17. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    Bwahahahahahahahahahahahahaahahahahahahahahah
     
  18. Vincenzo69

    Vincenzo69 Well-Known Member

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    We'd never hear the end of it and Fox would start another channel
     
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  19. stopthestink

    stopthestink Well-Known Member

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    He isnt going to win the election so I dont see a reason why he would release them if he hasnt done so already.
     
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  20. BrerJimmy

    BrerJimmy Well-Known Member

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    Here's an excuse... Fuck you, my money is none of your business.

    Wow, what a tremendous excuse. He really does have the best excuses.