Quiz: Why does Trump not release his Tax returns?

[flexy]

Question:

Why does Trump not release his tax return?

Possible answers:

A) Trump's tax return, by an incredible coincidence, contains a number combination that translates into an insult to the Bambura race on the planet Zarthos. Releasing it would mean war. Since the Bambura are 500 million years more advanced than us, it would mean the sure end of all civilization on Earth.

B) Any other explanation that is entirely far-fetched but somehow tries to justify why he doesn't do it

C) Because Trump never paid a penny in taxes

Do you know the correct answer? I do.

 

[compuwiz1]

None of the above.

There is no legal requirement to do so. He doesn't need another media story about his finances, being picked apart, night after night. They are most likely complicated and why turn the gun on himself if he doesn't have to?

We all know he's rich, so what exactly would we be looking for in his tax returns? Are we trying to determine if he can afford to be president?

 

[feralkid]

None of the above.

There is no legal requirement to do so. He doesn't need another media story about his finances, being picked apart, night after night. They are most likely complicated and why turn the gun on himself if he doesn't have to?

We all know he's rich, so what exactly would we be looking for in his tax returns? Are we trying to determine if he can afford to be president?

It is to see if he has actually paid any taxes lately.

 

[compuwiz1]

It is to see if he has actually paid any taxes lately.

Well since he gets audited every year, I don't see how he wouldn't be paying taxes. The IRS has a tendency to enforce those things and when one doesn't comply, they levy bank accounts and seize assets. I don't see where any of that has happened to him.

As a business man, I'm sure he takes advantage of every legal deduction.

 

[kage69]

Because he probably pays next to nothing in taxes and it would hurt the populist image he's been trying to cultivate. He's been lying to his supporters about his worth for years, I doubt his tax affairs are much different.

Maybe he wants to avoid disclosing info on donations. I seem to recall him braggin about raising $6mil for vet charities, but IIRC less than half actually got paid out, and now The Donald doesn't want to talk about it.

The "sorry, can't release them, being audited!" makes me laugh every time I hear it :biggrin:

 

[Rakehellion]

Question:

Why does Trump not release his tax return?

Possible answers:

A) Trump's tax return, by an incredible coincidence, contains a number combination that translates into an insult to the Bambura race on the planet Zarthos. Releasing it would mean war. Since the Bambura are 500 million years more advanced than us, it would mean the sure end of all civilization on Earth.

B) Any other explanation that is entirely far-fetched but somehow tries to justify why he doesn't do it

C) Because Trump never paid a penny in taxes

Do you know the correct answer? I do.

D) Because he isn't worth $8 billion or whatever he's claiming. THAT would hurt his poll rating.

 

[soundforbjt]

Trump said recently you cant be great if you're not rich, guess Jesus wasn't great, Mother Teresa, Ghandi, etc. none were great according to Trump.

 

[DrPizza]

None of the above.

There is no legal requirement to do so. He doesn't need another media story about his finances, being picked apart, night after night. They are most likely complicated and why turn the gun on himself if he doesn't have to?

We all know he's rich, so what exactly would we be looking for in his tax returns? Are we trying to determine if he can afford to be president?

You know as well as anyone else that if his return shows that he paid little to nothing in taxes because of lots of legal loopholes that he would have to be an idiot not to take advantage of, then Joe Public is going to realize, "hey, he's not one of us, fighting for us! He's one of them, out to get rich off of this, and make the rules even more in his favor."

 

[soundforbjt]

The only return available shows that he paid no federal income tax, not a stretch to guess why he's very afraid to release his taxes now. He also hasn't released his medical records.

 

[zanejohnson]

Dr. Pizza is correct.

There's people out their that believe he actually is the white knight he's trying to put make himself appear to be.

fact is, he's used every possible "pseudo," legal loophole out there, and pays next to nothing in taxes, more than likely he's actually MAKING money off of the sweat on the country's back.

also, he's probably not worth near as much as he claims...

he's filed bankruptcy several times throughout his life, lots of people don't remember, or weren't old enough to remember how many times he's been broke and started over.


edit for accuracy;

Trump himself has never filed for bankruptcy. His corporations have filed for Chapter 11 bankruptcy four times. By filing for Chapter 11 bankruptcy, the corporation is allowed to continue running while restructuring and reducing its debt.

 

[compuwiz1]

You know as well as anyone else that if his return shows that he paid little to nothing in taxes because of lots of legal loopholes that he would have to be an idiot not to take advantage of, then Joe Public is going to realize, "hey, he's not one of us, fighting for us! He's one of them, out to get rich off of this, and make the rules even more in his favor."

Is Hillary, with her $21m in Wall Street money, one of us? Does her $100m, in foreign donations to the Clinton Foundation, also make her one of us? I don't see Trump as a bought candidate like Clinton, so your argument doesn't have much weight there.

Tax returns don't reveal net worth. As for Joe public, they already know about his wealth and that won't sway his supporters.

 

[LegendKiller]

Dr. Pizza is correct.

There's people out their that believe he actually is the white knight he's trying to put make himself appear to be.

fact is, he's used every possible "pseudo," legal loophole out there, and pays next to nothing in taxes, more than likely he's actually MAKING money off of the sweat on the country's back.

also, he's probably not worth near as much as he claims...

he's filed bankruptcy several times throughout his life, lots of people don't remember, or weren't old enough to remember how many times he's been broke and started over.

When was he broke and had to start over?

He, personally, filed for bankruptcy?

 

[zanejohnson]

When was he broke and had to start over?

He, personally, filed for bankruptcy?

i edited my post to clarify, his corporation has filed chapter 11 four times.

 

[compuwiz1]

When was he broke and had to start over?

He, personally, filed for bankruptcy?

Some people don't have a clue what they are talking about.

 

[compuwiz1]

i edited my post to clarify, his corporation has filed chapter 11 four times.

Do you understand that out of 515 businesses that at least that many would go bankrupt, for anyone? 4 out of 515 is actually great success. This dead horse keeps getting beat. Why don't you go see what other businesses have gone bankrupt. There are some pretty big names out there.

 

[MongGrel]

Some people don't have a clue what they are talking about.

I agree ...

()

 

[zanejohnson]

should also clarify that by filing for bankruptcy, four times, it shouldn't translate to that he's stupid, and fiscally irresponsible, it should make you realize that he's not above slimeball tactics and possible illegality to get what he needs...

this should make you realize, he's alot like Hillary.

 

[zanejohnson]

Do you understand that out of 515 businesses that at least that many would go bankrupt, for anyone? 4 out of 515 is actually great success. This dead horse keeps getting beat. Why don't you go see what other businesses have gone bankrupt. There are some pretty big names out there.

I do understand that. There are lots of people out there however that dont understand how bankruptcy works, or how, if you own 515 companies, there are probably many slippery things that you can do to make this sort of bankruptcy actually BENEFICIAL to you're overall wealth..


which is what happened.

 

[DrPizza]

Is Hillary, with her $21m in Wall Street money, one of us? Does her $100m, in foreign donations to the Clinton Foundation, also make her one of us? I don't see Trump as a bought candidate like Clinton, so your argument doesn't have much weight there.

Tax returns don't reveal net worth. As for Joe public, they already know about his wealth and that won't sway his supporters.

Deflect! Deflect!

No shit, Sherlock. And a lot of people hate Hilary because of that very reason. Those voters haven't discovered that both candidates have some very dubious financial motives for the things they do.

 

[zanejohnson]

remember how much crap Mitt Romney caught over the same type of situation?

 

[zanejohnson]

Deflect! Deflect!

No shit, Sherlock. And a lot of people hate Hilary because of that very reason. Those voters haven't discovered that both candidates have some very dubious financial motives for the things they do.

exactly.

 

[swamplizard]

I choose B. Am I right? Do I get to be his VP? n/m didn't want the job in the first place.

On a more serious note, the Donald made a wager with a friend that he could run for POTUS and he could convince people to vote for him by standing on nothing.

 

[LegendKiller]

remember how much crap Mitt Romney caught over the same type of situation?

Mittens was different.

1. He didn't personally have equity

2. He levered the companies up via lbo, stripped them down, and they pretty much failed on their own

3. He collected 2/20 and carried interest the whole way. It is all trumps money.

Further, that businesses failed is not a new concept. He could have managed it better, and has since.

 

[ivwshane]

You know as well as anyone else that if his return shows that he paid little to nothing in taxes because of lots of legal loopholes that he would have to be an idiot not to take advantage of, then Joe Public is going to realize, "hey, he's not one of us, fighting for us! He's one of them, out to get rich off of this, and make the rules even more in his favor."

I think you are giving entirely way too much credit to trump supporters. Trump supporters, like trump, don't care about the facts, they don't care about flip flops, they don't care about policy positions, they don't care about equality or fairness, instead what I think they care about is supporting someone they think is a winner. Trump supporters have backed so many losers and loser policies (they won't admit it though) and are fed up that they haven't been getting their way and the think trump, the greatest deal maker the world has ever seen, will be their champion. Trump simply taps into that white male victimhood mentality.

So the fact that trump won't release his tax details means absolutely nothing to a trump supporter.

 

[DrPizza]

Do you understand that out of 515 businesses that at least that many would go bankrupt, for anyone? 4 out of 515 is actually great success. This dead horse keeps getting beat. Why don't you go see what other businesses have gone bankrupt. There are some pretty big names out there.

I'm not doubting you, but where does it say he owns 515 businesses?

Also, all four bankruptcies were related to his casinos. Trump Airlines? Trump Steaks? Trump University? Trump's mortgage company? Besides the bankruptcies, many more businesses certainly couldn't be called successful, even in the slightest.