So.
ETA: It would be interesting to see the tax returns of career politicians from when they were born in poverty to where they have multiple houses and millions of dollars and see to whom they are beholden.
I figure about 95.5% of the population clamoring for his taxes have no idea how to read them. They will no doubt fill boxes for each year. These are not the two, three, or four page returns most of us file.
If he ever rolled over and released them the next thing we would hear from the Dems is that he isn't releasing all of them because they can't find anything.
I am willing to bet that 100% of CPA's would have a hard time reading them!!!
The man owns over 500 companies for heavens sake. Link:https://en.wikipedia.org/wiki/The_Trump_Organization
There are tax loopholes for all sorts of things in a variety of professions. Most of us never EVER see 99% of them.
Yet here is a guy that owns hundreds of companies that may own one another, supply one another, trade wtih one another. Many may well have deductions for trading with certain countries, etc etc etc.
He probably has offshore accounts that may have special tax incentives, trusts, revocable and irrevocable that may have certain rules.
This guy isn't like most politicians that come into office. Many are lawyers. They'll have income from partnerships, personal investments and maybe(?) a couple of other things. Otherwise, very simple. In all fairness Rep Alexandria Ocasio-Cortez probably would be the simplest of all coming from bartending.
Trump would take a forensic team of CPAs and tax lawyers to unravel his tax returns. It would be a nightmare.
Regards,
Doug
Trump would take a forensic team of CPAs and tax lawyers to unravel his tax returns. It would be a nightmare.
[video=youtube;CO-wYBKHZmk]https://www.youtube.com/watch?v=CO-wYBKHZmk[/video]
The mere sight of her mug makes me violently ill......................uck:
The mere sight of her mug makes me violently ill......................uck:
Forget about her looks, see is robbing us blind.
The video shows the corruption that she gets away with. She is rich and getting richer the more obnoxious of an enemy she becomes. She makes Andre Carson look like a good guy...
Me too - thanks to "quoting" her video.
Sorry, Doug, this is absolutely untrue. Maybe his investments and how they're structured, but not his taxes. He'd get K-1s for income for his domestic investments, and there's other forms for the foreign ones. I'm sure they wouldn't be easy, but it wouldn't be a nightmare. And absolutely wouldn't take a team of CPAs.
He's had to disclose tax information in the past and it wasn't anywhere near as bad as your scenario.
(His investments could be a source for hiding income and influence, but that's a different issue.)
I guess it depends upon how far down the rabbit hole people want to try to delve.
First, in the re-reading, I was probably too harsh in my response. I'm sorry for that.
Second, that rabbit-hole issue is absolutely real, and I don't argue otherwise. But that was also true for GWB (for example). He held some fairly complicated investments and had family money before being elected POTUS. I'm not saying that everyone would be happy with Trump's tax disclosure - heck no.
For me, though, it is the minimum that should be expected. Otherwise, financially, we don't really know what ties might be binding.
First, in the re-reading, I was probably too harsh in my response. I'm sorry for that.
Second, that rabbit-hole issue is absolutely real, and I don't argue otherwise. But that was also true for GWB (for example). He held some fairly complicated investments and had family money before being elected POTUS. I'm not saying that everyone would be happy with Trump's tax disclosure - heck no.
For me, though, it is the minimum that should be expected. Otherwise, financially, we don't really know what ties might be binding.
You get an idea who a person owes money too, which potentially could influence behavior of the elected official that would benefit the owed business, and also himself. Conflicts of interest, gifts received, money given to charities, etc, etc.