Trump refuses to release tax returns

[IGotWorms 4,060]

http://www.cnn.com/2016/05/11/politics/donald-trump-tax-returns/index.html

 

What's he hiding?

 

Not nearly as rich as he says he is? There's been rumblings about that.

 

Doesn't hardly pay any taxes? Could be. Would be ironic if he's hiding $ offshore while ranting about free trade agreements and immigrants.

[Hardcore troubadour 15,583]

Nobody cares. There is no gotcha moment coming that will derail him. If you hadn't noticed.

[RaiderHaters Revenge 4,386]

why does it matter what he pays in taxes? he pays more then 99.99% of all people in this country

[hoytdwow 202]

why does it matter what he pays in taxes? he pays more then 99.99% of all people in this country

Not if he has Mitt Romney's accountants

[edjr 6,683]

http://www.cnn.com/2016/05/11/politics/donald-trump-tax-returns/index.html

 

What's he hiding?

 

Not nearly as rich as he says he is?

 

Yes. More than likely.

 

now what? Jail?

[KSB2424 3,148]

I really hate this topic on two fronts.

1. The fact people (and media) held Ronmey's personal tax rate against him. He wasn't committing fraud, he wasn't breaking some law or tax code. He did what every American does. He paid as little taxes as required by law. You do it, I do it, everybody does it. In the end his effective rate was a bit lower han most in his bracket because he gave millions to Charity and utilized the Capital Gains rate at the time. Big Whoop. If you want to use him as an example as to why the Capital Gains tax should mirror income tax rates fine, but holding it personally against Mitt Romney was just political pandering and smearing.

2. With that said I think anyone running for the highest office in the land should have to release their tax records for public consumption. It's part of the vetting process. The fact this topic came up months ago and the media is just now (after the primary) bringing it up against Trump is a travesty on their part. The media is to consumed with his twitter rants than the stuff that actually matters like issues and properly vetting a candidate.

[DankNuggs 305]

My guess is that owning real estate has some VERY favorable tax advantages with the way depreciation can be accelerated and deducted, and that his effective tax rate may be very very low.

[hoytdwow 202]

My guess is that owning real estate has some VERY favorable tax advantages with the way depreciation can be accelerated and deducted, and that his effective tax rate may be very very low.

maybe that's why he's been in audit since 2009

[dain11279 977]

Nobody cares. There is no gotcha moment coming that will derail him. If you hadn't noticed.

 

This is sadly and unfortunately true

[BunnysBastatrds 2,511]

Refuses? Looks more like he is delaying. Another smart move on his part.

[IGotWorms 4,060]

 

This is sadly and unfortunately true

Well why doesn't he release them if he's impervious?

 

I think there must be some really damning info in there otherwise it would make a lot more sense to just release it

[edjr 6,683]

Well why doesn't he release them if he's impervious?

 

I think there must be some really damning info in there otherwise it would make a lot more sense to just release it

 

 

he's obviously been lying his entire life what he's worth.

 

Wasn;t this why he said he would never run anyway? he didn';t want to release them?

[posty 2,762]

He shouldn't have to release anything that Obama didn't release...

[IGotWorms 4,060]

 

 

he's obviously been lying his entire life what he's worth.

 

Wasn;t this why he said he would never run anyway? he didn';t want to release them?

You and I seem to agree? So I'm curious why the ?

 

I think he never thought he'd make it this far and thus would never have to actually release his returns. So now he's scrambling.

 

When you've sold yourself as Mr. Success worth $10 billion, it's harmful when you aren't actually worth anywhere near that much and your entities have declared bankruptcy or gone under in numerous occasions.

[IGotWorms 4,060]

He shouldn't have to release anything that Obama didn't release...

Obama released his tax returns.

 

Has Trump released multiple versions of his birth certificate?

 

Focking imbecile

[Mike Honcho 5,332]

I really hate this topic on two fronts.

 

1. The fact people (and media) held Ronmey's personal tax rate against him. He wasn't committing fraud, he wasn't breaking some law or tax code. He did what every American does. He paid as little taxes as required by law. You do it, I do it, everybody does it. In the end his effective rate was a bit lower han most in his bracket because he gave millions to Charity and utilized the Capital Gains rate at the time. Big Whoop. If you want to use him as an example as to why the Capital Gains tax should mirror income tax rates fine, but holding it personally against Mitt Romney was just political pandering and smearing.

 

2. With that said I think anyone running for the highest office in the land should have to release their tax records for public consumption. It's part of the vetting process. The fact this topic came up months ago and the media is just now (after the primary) bringing it up against Trump is a travesty on their part. The media is to consumed with his twitter rants than the stuff that actually matters like issues and properly vetting a candidate.

On point 2 you are wrong that the media is just bringing this up now. There have been stories about this since nearly the moment he announced. I don't know why you missed it, but I've read at least a dozen stories in the last year in regards to this topic and his "audits".

[Frank M 181]

Refuses? Looks more like he is delaying. Another smart move on his part.

 

 

If this was Obama or Hillary refusing to release tax returns, you would be apoplectic.

[edjr 6,683]

You and I seem to agree? So I'm curious why the ?

 

I think he never thought he'd make it this far and thus would never have to actually release his returns. So now he's scrambling.

 

When you've sold yourself as Mr. Success worth $10 billion, it's harmful when you aren't actually worth anywhere near that much and your entities have declared bankruptcy or gone under in numerous occasions.

 

I deleted it before you posted.

[hoytdwow 202]

I really hate this topic on two fronts.

 

1. The fact people (and media) held Ronmey's personal tax rate against him. He wasn't committing fraud, he wasn't breaking some law or tax code. He did what every American does. He paid as little taxes as required by law. You do it, I do it, everybody does it. In the end his effective rate was a bit lower han most in his bracket because he gave millions to Charity and utilized the Capital Gains rate at the time. Big Whoop. If you want to use him as an example as to why the Capital Gains tax should mirror income tax rates fine, but holding it personally against Mitt Romney was just political pandering and smearing.

 

2. With that said I think anyone running for the highest office in the land should have to release their tax records for public consumption. It's part of the vetting process. The fact this topic came up months ago and the media is just now (after the primary) bringing it up against Trump is a travesty on their part. The media is to consumed with his twitter rants than the stuff that actually matters like issues and properly vetting a candidate.

I might agree, but you are oversimplifying this. First, no ordinary person does what Romney does re. taxes. He has an army of accountants working for him, offshore accounts, foundations, tax shelters, etc. I have turbotax.

Second, Romney's problem on this front was that he was caught on tape saying that basically half the population are useless leeches, then out come his tax returns showing he paid a lower tax rate than a secretary (or whatever it was). It was just poor form on his part and made him and others like him seem like rich insensitive asswholes lording their wealth over the masses.

[Hardcore troubadour 15,583]

Is there any way we can just make it Bernie vs Hillary or Trump? At least then there will be a difference between the candidates. Trump moving left, Hillary moving right. Both liars and frauds. And the ones who hold the real power love it. 4 years of nothing getting done, coming up!

[Hook Echo 33]

What is Hillary trying to hide by refusing to release the transcripts to the paid speeches that she gave to Goldman Sachs, etc? If she continues to refuse to release the speech transcripts why should Trump have to release his tax returns?

[Hardcore troubadour 15,583]

What is Hillary trying to hide by refusing to release the transcripts to the paid speeches that she gave to Goldman Sachs, etc? If she continues to refuse to release the speech transcripts why should Trump have to release his tax returns?

The equalizer.

[posty 2,762]

Obama released his tax returns.

 

Has Trump released multiple versions of his birth certificate?

 

Focking imbecile

Yes Obama is...

 

But getting back on this topic, I meant that Trump should only release what Obama did... I have no flipping idea what Obama released and didn't release, it doesn't matter to me... So if Obama released his tax returns, then Trump should as well...

[hoytdwow 202]

What is Hillary trying to hide by refusing to release the transcripts to the paid speeches that she gave to Goldman Sachs, etc? If she continues to refuse to release the speech transcripts why should Trump have to release his tax returns?

It's standard practice for candidates to release their returns. Speech transcripts, not so much.

[Patriotsfatboy1 1,432]

 

 

he's obviously been lying his entire life what he's worth.

 

Wasn;t this why he said he would never run anyway? he didn';t want to release them?

 

I am assuming that you and I do similar things when we file our tax returns. What box do you put in the number that says what you are worth? All I put in are the amounts of money that I made during that one year and it does not include anything as to investments that I have, but did not sell.

 

Do other people file tax returns that say what they are worth or am I doing something wrong here?

[IGotWorms 4,060]

Hillarrrrry!

 

You dooshbags are so predictable.

 

Here's a hot focking tip: Hillary has released her tax returns

[TimmySmith 2,783]

I couldn't care less about someones tax returns, but then my side doesn't have this fascination with the wealthy.

[posty 2,762]

I couldn't care less about someones tax returns, but then my side doesn't have this fascination with the wealthy.

[DankNuggs 305]

 

 

he's obviously been lying his entire life what he's worth.

 

Wasn;t this why he said he would never run anyway? he didn';t want to release them?

tax returns don't show net worth.

[edjr 6,683]

 

I am assuming that you and I do similar things when we file our tax returns. What box do you put in the number that says what you are worth? All I put in are the amounts of money that I made during that one year and it does not include anything as to investments that I have, but did not sell.

 

Do other people file tax returns that say what they are worth or am I doing something wrong here?

 

if you made 800,000 on your tax return last year or 50 million,. what would you assume?:

[edjr 6,683]

tax returns don't show net worth.

 

semantics.

 

jesus

[Patriotsfatboy1 1,432]

 

if you made 800,000 on your tax return last year or 50 million,. what would you assume?:

 

If I had to claim $50m on my tax return, then I might have to question WTF my accountant was doing. A tax return is merely a one-year representation of how much money you had to claim to the government as being made. It does not show anything about what you have accumulated over the years, which is what net worth is.

 

I don't care if he shares them or not. If he does, he will open himself up for scrutiny based on effective tax rate and whether he donates. If he doesn't share them, people will either assume the best or the worst depending on their opinion of him.

[rholio 339]

I refuse to release my tax returns as well.

[MDC 7,590]

I really hate this topic on two fronts.

 

1. The fact people (and media) held Ronmey's personal tax rate against him. He wasn't committing fraud, he wasn't breaking some law or tax code. He did what every American does. He paid as little taxes as required by law. You do it, I do it, everybody does it. In the end his effective rate was a bit lower han most in his bracket because he gave millions to Charity and utilized the Capital Gains rate at the time. Big Whoop. If you want to use him as an example as to why the Capital Gains tax should mirror income tax rates fine, but holding it personally against Mitt Romney was just political pandering and smearing.

 

Bullsh1t.

 

Romney campaigned on maintaining the Bush tax cuts, eliminating the estate tax and eliminating taxes on interest, dividends or capital gains. In other words, the guy walked around campaigning on cutting taxes in a way that would overwhelmingly favor people like himself, despite the fact that he enjoys a vastly lower effective tax rate than just about any middle class working family. Then he has the nerve to walk around calling half the country leeches.

 

I don't blame Romney for leveraging every loophole possible to pay his lowest tax burden. That's just common sense. I blame him for campaigning for ways that he could pay an even lower burden while heaping scorn on people who actually work for a living.

 

F him.

[vuduchile 1,945]

 

I am assuming that you and I do similar things when we file our tax returns. What box do you put in the number that says what you are worth? All I put in are the amounts of money that I made during that one year and it does not include anything as to investments that I have, but did not sell.

 

Do other people file tax returns that say what they are worth or am I doing something wrong here?

I've always found this funny too. There is absolutely no way to discern someone's net worth from a tax return.

 

Yet everybody's runnig around saying he must not be worth as much as he says.

 

Morons.

[edjr 6,683]

I've always found this funny too. There is absolutely no way to discern someone's net worth from a tax return.

 

Yet everybody's runnig around saying he must not be worth as much as he says.

 

Morons.

 

doesn't mean people would see a certain number and assume though, right?

[vuduchile 1,945]

 

 

doesn't mean people would see a certain number and assume though, right? [/quote

 

His returns aren't gonna look like the avg joe's.

 

Any given year could show either profits or losses from various business ventures. For all we know, he could have been showing net losses for the past 3 years. That doesn't mean he's not still worth a zillion.

 

I don't think it would be safe to assume all that much based on a few years of Trump's returns.

 

My guess is that he's already under constant scrutiny front he IRS auditors and doesn't want all that to be public.

[KSB2424 3,148]

 

Bullsh1t.

 

Romney campaigned on maintaining the Bush tax cuts, eliminating the estate tax and eliminating taxes on interest, dividends or capital gains. In other words, the guy walked around campaigning on cutting taxes in a way that would overwhelmingly favor people like himself, despite the fact that he enjoys a vastly lower effective tax rate than just about any middle class working family. Then he has the nerve to walk around calling half the country leeches.

 

I don't blame Romney for leveraging every loophole possible to pay his lowest tax burden. That's just common sense. I blame him for campaigning for ways that he could pay an even lower burden while heaping scorn on people who actually work for a living.

 

F him.

 

You've been spoon fed this line but its not true. The average effective tax rate for Americans is 10%. If you include payroll taxes it is a bit higher (not sure if Romney's payroll taxes were included but if so he had 400k in that type of income). So No, your bolded statement is hyperbole.

 

I don't care about Romney, he's out of the picture, but people still lying about stuff is annoying.

 

Here is a little link to help educate folks on tax rates and effective tax rates.

 

http://www.pgpf.org/budget-basics/how-much-do-americans-pay-in-federal-taxes

 

Romney did pay less than most people in his "tax bracket" in taxes. But he paid more (and a higher rate) than most people in America. That line is political partisan fodder that still lives on today.

[hoytdwow 202]

I love this. All the sudden the flat-earth society is fine with candidates not submitting their tax returns (which has been standard practice forever), but pitch a hissy fit about Clinton's speech transcripts, demanded that Obumbler release his college transcripts, demanded he release his birth certificate, then when he did pronounced it fake.

 

But, nah, don't need to see tax returns. This election. With this candidate.

[Hardcore troubadour 15,583]

 

You've been spoon fed this line but its not true. The average effective tax rate for Americans is 10%. If you include payroll taxes it is a bit higher (not sure if Romney's payroll taxes were included but if so he had 400k in that type of income). So No, your bolded statement is hyperbole.

 

I don't care about Romney, he's out of the picture, but people still lying about stuff is annoying.

 

Here is a little link to help educate folks on tax rates and effective tax rates.

 

http://www.pgpf.org/budget-basics/how-much-do-americans-pay-in-federal-taxes

 

Romney did pay less than most people in his "tax bracket" in taxes. But he paid more (and a higher rate) than most people in America. That line is political partisan fodder that still lives on today.

Average. Do you know how averages work? When you arrive at that 10% number, you do know that people who pay no tax are figured into that, right? Any time you hear the word average assume you are being misled.