What ever happened to Trump's tax returns?

pecksniff

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For four years he insisted he couldn't release them because they were under audit.

Hasn't the IRS finished that audit yet? Nobody expects a government agency to work fast, but, still . . .
 
Who cares? The IRS already has them as do the state tax authorities. They get them quarterly. If there are concerns with tax law violations those people have what they need. NY DOJ has them as well.
 
It is simple...you can't claim one value on a property when submitting campaign finance documention and then claim another value on your tax records for the same property. Pick and choose where he lied. Both are a crime.
 
Now the IRS has been directed to turn them over to Congress. Interesting times.
 
A president's should not be, for very obvious reasons.

In reference to Biden's tax returns this is the first time I agree with the presidents to be revealed.

Wanting Trumps is just libs looking to make up more shit.
 
Trump is fighting so hard to withhold them after declaring it isn't his fault they aren't public--and the board Trumpettes are defending him on that. There couldn't be anything in them Trump wouldn't be proud of everyone knowing, right? Now isn't that just crazy? :D
 
It is simple...you can't claim one value on a property when submitting campaign finance documention and then claim another value on your tax records for the same property. Pick and choose where he lied. Both are a crime.

It's not simple. You can cite different values for property on different documents for different sources and purposes. It happens all the time.

For example, lets say I own a piece of developed property. The country assesses it's value at 1 million (as of the last assessment, three years ago). Now, I am seeking a loan to develop the property. Based on the insane land market here, today, an independent assessment sets the value at 1.4 million. So, I go to the bank and say I want a loan for 4 million dollars. Then, we sit down and work out the numbers until I am happy and the banks are happy.

As a developer, I already know that the property next door is slated for development into a high density up scale townhouse development. So, the future value of the land skyrockets - and if my plan is to develop an upscale restaurant and bar on the land, a whole other number comes out of the valuation. It's called leveraging a loan and it happens all the time. However, since none of this has happened yet I am still paying the assessed (and much lower) tax burden.
 
It's not simple. You can cite different values for property on different documents for different sources and purposes. It happens all the time.

For example, lets say I own a piece of developed property. The country assesses it's value at 1 million (as of the last assessment, three years ago). Now, I am seeking a loan to develop the property. Based on the insane land market here, today, an independent assessment sets the value at 1.4 million. So, I go to the bank and say I want a loan for 4 million dollars. Then, we sit down and work out the numbers until I am happy and the banks are happy.

As a developer, I already know that the property next door is slated for development into a high density up scale townhouse development. So, the future value of the land skyrockets - and if my plan is to develop an upscale restaurant and bar on the land, a whole other number comes out of the valuation. It's called leveraging a loan and it happens all the time. However, since none of this has happened yet I am still paying the assessed (and much lower) tax burden.

I don't think any of that applies here.
 
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